272694 WMITE - C�TV CLERK `Tr �
PINK - FINANCE G I TY OF SA I NT PA U L Council i �, .6'���
CANARV - DEPARTMENT �(r,,
BLUE - MAYOR File NO.
Council Resolution
Presented By � /
Referred To Committee: Date
Out of Committee By Date
RESOLVED, That the following securities
$100,000 - S.Sd'/a Rosemount, MN ISD �196
G. 0. Bonds, due February 1, 1990
pledged as collateral to protect deposits of public funds of the
City of Saint Paul with First Merchants State Bank of Saint Paul,
hereby is authorized, ratified and approved, such having been
done in' conformance with the applicable statutes of the State
of Minnesota.
COUNCILMEN Requested by Department of:
Yeas Nays �
�r Financ and M t. Services - Treasur Division
Hozza [n Favor
Hunt d ,
L,evine __ Against �
Maddox
Showalter
Tedesco � 2 � Form Approved by ity A rney
Adopted by Co il: Date �S 7g �
Certified asse y Counc� r ' BY l
By
�`.�-F .t �/� � �,
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ed by 14avor: Da e � 2 7 �979 Approved by or for Submission to Council
— — BY � �
ruBUSHEO MAR 3 1 1979
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_; . �,._ `� Da t e . March 20, 1979
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� � : �c�inY Pc�ul Cii� Councit � ,
�F� � �1J � C 0 i�'l i i�1�7�.'? O t"1 FTNANCE, MANAGEMENT, PERSONNEL
. RUBY HUNT �r-�a��'�an, makes the fotic���ing
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= . report on C. F. [� Ordinance
[�X Resotu'rion -
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� � The Finance Committee, at its meeting on March 19, 1979, recommended
' approva7 of Resolution approving securities pl�edged by the desagnated �
,
� � bank to protect funds of the City of Saint Paul while held in said �
� bank. . � _ -
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�::i fY i-Lt1LL SEVENTfi FI.00: SAI�T PALZ., hfI\\LT'-,SO�'A S�It1,?
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�'�" -- O�I Oi: 12j 75
Rev.; 9��
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. . _ r��,T�or� oF A�iz�isTRnsivv� c�Rn�s, R��IVED
�tESOi.UTIONS, AND dRDINANCES :
MAR � 2,1�79
�E C E � �/ � t� . �ITY �TT�RNEY_
Dat�: Februisry 28, 1979 MA�' S �979
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"�O: MA3�QR GEO�GE I.AT
FA: Gasyr R. Diorstrem, D pt. of Finance b Mg�t. �exv3ces
1t8: GOONCII. RESO�.UTION PPREyVING COLLATBRAi.
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� ,1`he passage of the , tt,�c.hed reso].ution aPProves the seceerities-pledg�d , � :
by the e�aigaated ak to protect fn�a of the Gity of Saint Penl while .'
l�eld ia said bsnk. ;
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, . ` PUBP'�B.:AI� RATIOAIA�,E F THIS AC'�xON: . - :
MS�A 118 requires e 11sCeral to protect public fuAds •aad sets ont a
p�ocedure to be fo lowad in the handlfr�g of said collaterai faciuding
Che requiresenC of aPProval by the governing body.
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Proposad Cot�mcil; �laolat�a. ;
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