269913 WNITE - CITV CLERK � x
Council ������
PINK - FINANCE S �✓
CANARV - DEPARTMENT GITY OF SAINT � PAUL � � �
BLUE - MAVOR .FIIe �NO•
Council Resolution
Presented By 4 �'�11-� �
Referred To Committee: Date
Out of Committee By Date
RESOLVED, That the following securities
$200,000 7.875� U. S. Treasury Notes, Series C-82,
, due November 15, 1982
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pledgec� as c�,�l'gteral to protect deposits of public funds of the City of
Saint P�ul witl� t�ie Commercial State Bank of Saint Paul, t►ereby 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 :
Yeas Nays Requested by Department of: -
Butler � Finance and Mgm . Services - Treaeu Division
Hozza In Favor
Hunt � ���
6�
Levine _ Against BY
Roedler
Sylvestej- ,
T�de�co
� OCT 1 3 1977 Form Approved ity At orney
Ado d by Council• Date
ertified P d by ouncil Se�etary BY
B
Appr by ;Vlayoc e �_ IA�M_1 �+ 1977 Approved b Ma r for S missi Council
By By
v � � .
PUBLISHED O�T Z L 1977
-�:� oMvoi: �9%8/i6
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BXPLANATION OF ADMINISTRATIVE O�DERS, �
RESOLUTIONS, AND ORDINANCES ��; ,�
O�T�" � ,
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Date: September 29, 1977 �' .
T4: MAY08 GEORGE LATIMER
FRt Gary R.Norstrem, DepC. of Fiaance & Mgmt. Services
� RE: COUNCIL RESOLUTION APpROVING COLLATERAI�
. ACTION REQUESTED•
The passage of the atCached reaolution approves the aecurities pledged
by the deaignated bank to protect funds of the City of Saint Paul while
held in said bank.
PURPOSS AND RATIONALE FOA THIS ACTION:
MSA 118 requires coll�teral to prcrtect public funds aad sets out a procedure
to be follo�ed in the handling of said collateral including the reqairemene
of approval by the governing body.
AT',�ACHI�iENTS:
�roposed Council Resolution.