262657 WH17E - CITV CLERK
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PINK - FINANCE GITY OF SAINT PAUL � Council � f.,:iQ��
CANARY - DEPARTMENT �
BLUE -MAVOR File NO.
ouncil Resolution
Presented By
Referred To Committee: Date
Out of Committee By Date
RESOLVED, That the substitution of
$700,000 U.S. Treasury Notes, Series C-1979, 7%, dated Nov. 15,
1973, due Nov. 15, 1979
for
$700,000 U.S. Treasury Bonds, 4.125% dated July 22, 1964,
due November 15, 1973,
as collateral security for deposits of public funds of the eity of Saint Paul
with Commercial State Bank of St. 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.
COUNCILMEN
Yeas Butler Nays Requested by Department of:
�� Finance & Mana ement Services 7.'reasur Div.
Konopatzki In Favor
be�e�w�r _ �
Meredith � Against BY
S�e� Roedler
Tedesco
Mme.President �f�E Huttt
Adopted by Council: Date
NOV 2 9 f973 Form Ap�ed by City Attorney
Cert' ed ed by Co i Se ry BY 4��"'� ,
By
Ap ed by M _or: D Approved by Mayor for Submission to Council
_ By BY
PUBUSHED DEC 0 8 1973