268560 WH17E - C�TV CLERK COIlTICll ������
PINK - FINANCE GITY OF SAINT PAUL
CANARV - DEPARTMENT
BLUE - MAVOR . Flle NO.
ouncil Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
RESOLVED, that the following securities
$4,000,000 U. S. Treasury Bills, due February 3, 1977
pledged as collateral to protect deposits of public funds of the City
of Saint Paul with The First National 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
Yeas Nays Requested by Department of:
Butler �i Fi ce M t. Services - Treasur Division
Hozza [n Favor
�t �I
Levine v __ Against
Roedler
Sylvester
Tedes F�B � 5 �9� Form Approved by Gity Attorne
Adopte y Counc� : Date �
1
C ified Pa ed by C uncil Secretary By
1
v i, �
� FE8 � $ �977 Approv b Mayor for Submis i n to il
Appro by 1�layor. D e ,
By BY
PUBLISHED FEB � 6 1977
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$3(PLANATION �F AI3MI�tI.STRlk'�IV� QR�IIE�lSr .�
_ RESOLUTIOWS, AND ORT}��tA13C"'8$ . �•: ;
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Dat�: J�ri'tita�y 31, 1977
TO s M�,YbR GSt3Rt��: LAT�IMER . - J,
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_ ;� �`R: , Aager A. Mat'tsc�n �� / `
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g$ ��'C7��$S�'. 'CQ13�1���3. IZ@RletLf�.L'���.�7�'i . - �-;. . _. .- .; - ' '-» " -,, � ::
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_ ��1'li7�.TiC.�,:$@��t�,�@&��'��C�B�k'� �$i��l�� - ` � _• _
i�tatfonnl B�nk of Saf.ztt �a�l to prr�tect City.Fund�t a� ��.d �` �'
� lt�TI4�3 ItE�,��S�T,:�Dx
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:� 1�rav� :�acru��ties held as collat�eral. �a proteet �b1ic i�ds. }
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PI�RP�S�: ADiII RATIONALE FQR 'TR�S :ACTIt)N s
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MSA lt� requi�es collateral ta protect p�blic fundas a�sd r��> p�t'J�,�
. prc�cedure to be �ollowed' i.ri the h�ndlit3q bf said col��t���'al,`3.�tr�.�iing
th�: req►x�f.�ement of appxoval by the qotrern#,ng bot�y. ,
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RTTAC,�TM�NTS: , � ,� ,::
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Prcposed Council I�eso3ut�ion. �
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