260100 WHI7E - CITY CLERK �
PINK - FINANCE COl1I1C11
CANARY - DEPARTMENT GITY OF SAINT PAZTL File NO• �� �oo
� BLUE - MAYOR
ouncil Resolution
Presented B
Referred To � Committee: Date
Out of Committee By Date
RESOLVED, that the substitution of
$3,000,000 U. S. Treasury Bills, due January 18, 1973
for
$3,000,000 U. S. Treasury Bills, due October 26, 1972
as collateral security for deposiCs 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;
that such substituted securities, at the time of such substitution, had a market value
sufficient, together with the market value of the original collateral securities for
said purpose, for which no substitution was made, equal to $110 for every $100 of
deposits of public funds of said City with said Bank.
�
COUIVCILMEIV Requested by Department of:
Yeas Nays
Hunt � Dept.of Finance 6� Management Serv.-Treas. Div.
Konopatzki In Favor
Levine �
Meredith � Against BY , '
Sprafka
Tedesco
Mme.President Butler e
N�V a �72 Form Appr e by City orney
Adopted by Council: Date
�j .
Cert' ' ed by Cou ' Se t y BY
By
Approve by May : Date �� Approved by Mayor for Submission to Council
By BY
PUBLI3HED NOV 1119�7�