258101 OR161NAL TO CITY CL6RK 2581��
` CITY OF ST. PAUL H�E NC�� NO.
OFFICE OF THE CITY CLERK
f OU IL R SOLUTION—GENERAL FORM
PR�SENTED BY �: �,���
COMMISSIONE ATF
RESOLVED, That the substitution of
�300,000 U. S. Treasury Bonds, 4. 125�0, dated July
22� i964, due November 15, 1973
for
�300,000 U. S. Treasury Bonds � 4�0, dated September
15, 1962, due August 15, �-972,
as collateral security for deposits of public funds of the City
of Saint Paul with Commercial State Bank of St. Paul, hereby is
authorized� ratified and approved, such having been done in con–
formance with the applieable statutes of the State of Minnesota;
that such substituted securities, at the time of sueh substitu–
tion, 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 fu nds of said City with said bank.
FO M APPROVED:
__ �
Asst. Corporation Counsei
AQR 1 Z 1972
COUNCILMEN Adopted by the Council 19—
Yeas Nays 1972
But�er AP R 12
�� Approve� 19—
Levine �� Favor
Meredith �
Sprafka J Mayor
A gainst
Tedesco
Mr. President, McCarty
��+� �IPR 151972
��
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OFFICE OF TH I COMPTROLLER `
r
� SAINT PAUL MINNESOTA 55102
1 ALL �J��.�,��
... ■■■
CLEMENS J. SCHLECK ROBERT W. TRUDEAU
Chief Accountant Asst. Chief Accountant
Comptroller April 4, 19�2 Deputy Comptroller
� � � � � i� � �
Corporation Counsel Y
6th Floor - City Hall APR 7 �9�
Saint Paul, Minnesota
Dear Sir: CORPpR,�TION �p�NSEL
The substitution of pledged collateral by:
CONII�IERCIAL STATE BANK, Saint Paul
as follows:
$300,000 - U. S. Treasury Bonds, 4,125%, dated July 22, 1964
due November 15, 1973
substituted for
$300,000 - U. S. Treasury Bonds, 4%, dated September 15, 1962
due August 15, 1972
is hereby approved.
Please prepare the proper resolution to be presented to the
City Council for their action thereon.
Very truly yours,
,l`/;1 � _
�. �� ���
me s ��� k
Cle n J. Schlec
Secretary, Sinking Fund
� t ��� ; Committee
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APPROVED• �,
ss
• 25g 01
oun.icwr�ro�n�rn�s�e �
� CtTY OF ST. PAUL �uNa� NO '
OFFICE OF THE CITY CLERK
. ' COUNCIL RESOLUTION—GENERAL FORM i
C.�OMM�ISS ONER DA'�'� I
�
i
�li
R.ES4LYLL1, That the substitutlon ai
�300,000 II. 3. Tren�nry Boads, 4.185�r, dated July
22, 196�, due No�rssber is, 1973
!or
�;OO,OOOIII. S. Treagury Bonds� 4�r, dated September�
i5, 1962�� due August 15, i9?2,
ae oollateral s�aurity for depoei'Es oY publio lundo of the City
oi Safnt Paul M�tb Co�eroial State Ba�nk ot St. Paul, her�by i•
snthori�ed, r�►t��ied sn.d approved, snoh h►aving bsen done ia o0r� ';
, ior�asnoe �rith t�e applio�bl� s�atuts� ot t�� State o! Minne�ota;
that such snbet tutsd seonri�ti��, at tha tiae o! aioh �b�tftu-
tion, had a �ar �t �alue sui�ioient, to�ether rith tLe osrket
value of ths or ginel oollateral •eourities ior ssid purpore �;
ior Nhiob no �u •titution Mas �ads, eq�al to �i10 ior every �100 �
oi deposits o= �}ub110 itznds o! said City Mith said banlc.
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ApR 12 1972 ;
COUNCILMEN
Adopted by the Co�� 19— I��
Yesa Nays �'
� � �� � � � ;
Butler
�� �jPPl�O°nrl 18— '
�
Levine Favor
Meredith � �� I
Sp�� � _ A aninat I
Tedesco i '
Mr. President, McCarty
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