273884 WHITE - CITV CLERK.
PINK - FINANCE G I TY O F SA I NT PA IT L Council
CANARV - OEPARTMENT
BLUE - MAVOR File NO. ' /��,����
Council Resolution
Presented By vl�--�^�� /
Referred To Committee: Date
Out of Committee By Date
RESO�LVED, That the following securities
$1,000,000 - 6-5/8% U. S. Treasury Notes due September 30, 1979
$1,000,000 - 9-5/8% U. S. Treasury Notes due August 31, 1981
pledged as collateral to protect deposits of public funds of the City of
Saint Paul with Northwestern National Bank of Saint Paul, hereby is suthorized,
ratified and approved, such having been done in conformance with the applicable
statutes of the State of Minnesota.
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COUNCILMEN Requested by Department of:
Yeas Nays �
� McMahon Financ and M Services - Tre�sur Division
Hozza T �n Favor �
Hunt �j� B �
Levine __ Against
Maddox �
ShQ�va�t�r° ��
�'�` �M �� Form Approved by C' Att ey �
Adopted by Council: Date �
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/� CertiEied . y C ncil Secretary BY
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f�pproved : a r: Date - -- Appr v d by Mayor for Sub i 'otLto Councii
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By� - - -- B
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��? 0 CT 2 71979
,_ �i QI: 12/1975
Rerr.: 9/$/76
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` '` � E7��*LANATI01� OF ADMI1�iISTRATI�E ORDERS, '
' , RESfl�LUTIONS, A�tD OR13I1r�ANCES . _. < ' =
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i oG, � - �979
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Date: Octob�r 2f :I�979 :
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T0: MAYOR GEQRGE� LATIMER --�
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� F&; . Gary x. �or�tzem, Dept. of Finance 6 Mgmt. Se�ric�a ` .
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RE: CO�TNCIt.. ��(�UTIO� l�PPR0�IING CO�.LATE&►L
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,AETION It�t�,tfiESTE��:� 4,
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The pass�e of the attached resolutioa approvaa th� secusitiea pledgad
by tb�e deelf ted baak to`protect funds of the City of 3aint P�u1 �ti�� .
hat�d in s1� bank.
PURPt?SE. A1±ID 8A, "LE Ft?R THIS ACTION:
1�f3A 118 �re ui�ces coll��eeral to pro�ect public f�nd� and sets otit a ,procedure ' �
to be fal� w�d it� the handling of eiid call�t�eral fnaludi�g Eh� requir+emeat �
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of approvi� by t�t� gonerning bodq.
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ATTACHIrIENTS:
P�rapo�ed uncil �solutian.
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