258102 ORIGINM.TO CITY CL6RK
CITY OF ST. PAUL F�E"�` NO.
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OFFICE OF THE CITY CLERK
CO NC RES LUTION-GENERAL FORM
PRESENTED 8Y + � �
COMMISSIONE �-'L ATF
RESOLVED� That the substitution of
�3, 000,000 U. S. Treasury Bills due March 30 , 19?2�
f or
�3, 000,000 U. S. Treasury Notes� D-76� 62%� due
November 15, 19'76�,
as collateral security for deposits of public funds of the City o�
Saint Paul with The First National Bank of Saint Paul, hereby is
authorized, ratified and approved, such having been done in con-
formance wi th the applic able statutes of the State of Minnes ota;
that sueh 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 pur ose , for which no
substitution was made, equal to �110 for every �100 of deposits
of public funds of said City with said bank.
�ORM APPROVED - ��
Asst. Corporatio� Coun�el
�PR1 � �
COUNCILMEN Adopted by the Council 19—
Yeas Nays pp R 12 197�2
Butler
v 19—
Levine `� ---"�
_!_In Favor
Meredith
Sprafka J Mayor
Tedesco A8'�►�at
Mr. President, McCarty
�u��o APR 15 �972
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, OFFICE OF TH I COMPTROLLER ` ��'' '`���>
� �c�C�_�.�.�,c.,
, ~ SAINT PAUL MINNESOTA 55102
7 ALL
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CLEMENS J. SCHLECK ROBERT W. TRUDEAU
Chief Accountant Asst. Chief Accountant
Comptroller March 30� 19�2 Deputy Comptroller
Corporation Counsel
6th Floor - City Hall
Saint Paul, Minnesota
Dear Sir:
The substitution of pledged collateral by:
THE FIRST NATIONAL BANK OF SAINT PAUL
as follows:
$3,000,000 U. S. Treasury Bills due March 30, 1972
substituted for
$3,000,000 U. S. Treasury Notes, D-76, 6'�%, due
November 15, 1976
is hereby approved,
Please prepare the proper resolution to be presented to the
City Council for their action thereon.
Very truly yours,
���Gz�2.,C s��-- �� /,
%
C emens J. Sc�i eck
Secretary, Sinking Fund
�� �
; ,� � Committee
APPROVED }r�Z-�1�,.-�K..�.Z "�� ',�,��_L�,�
, 68
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OUrLIGJ1T6 TO MtIN'fiR �ll(w/ .
j CITY OF ST. PAUL �uNC�� NO
,' i OFFICE OF THE CITY CLERK
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� COUNCIL RESOLUTION—�GENERAL FORM
►RF3ENiT��r1f' `
COtr1UISSIONE� ; DATE
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ABSOLYED�;, That the enbstitvt#on oi
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�3, 0OO,OpO II. S. Treasnry Bills dus Msrch 30� 197Q,
, i
tor '
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�3,o0o,op0 II. s. Treasnry Notss, D-76, 6}'�, due '
Nove�ber i�, i976,
as oollateral s4ourity ior deposita oi publlo tnnd� ot the eity o! ;
Saint Paul xi�h � The First National Bank of Seint Paul� h�sr�by is '
authorized, rat�iied and appro►ed* aea�h �svin� bees dons in oon�- !
iorsanoe wi th t�e a►ppiicable s#stntes oi the Stst,e a! Mi�mesots; {
that suoh subat�tated eeourltiee, at th� �i�ee �Z �uoh axb�titntion, �
had a sarket va�We �uiY3oient, to`�ther Mith th• �srl�e� vslne o! ;
the original oo lateral eeonrities ior said pa ose, for �hioh ao
aub�titntion ra aade� equal to �110 ior every�100 oi deposit•
o� pnblio luads o! said Citp Mitb eaid hsnk.
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APR 12 197� i
COUNCILMEN , Adopted by the Coun�� 19�
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Yeas Nays
Buta� APR 12 1972
��, Apprnvecl 19_;...
Levine � I
Tn F�tvOr
�Ieredith
Sprafka Q ��
Tedesco ' A-oainst
Mr. President, McCarty
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