258103 n
ORIOINAL TO CITY CLBRK � � � �5g�.��
CITY OF ST. PAUL ��EN�� NO.
OFFICE OF THE CITY CLERK
_ " OUNC L RES�{JWTION—GENERAL FORM
PRESENTED BY
COMMISSIONE � t' � ATF
RESOLVED� That the substitution of
�3,000,000 U. S. Treasury Bills due June 29, 1972,
for
�3�000,000 U. S. Treasury Bills due March 30, 1972�
as collateral security for deposits of public funds of the City of
Saint Paul with The First National Bank of Saint Paul� hereby is
authorized, ratified and approved, sueh having been done in con—
formance with the applicable statutes of the State of Minnesota ;
that such substituted secur�ties, 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 fu nds of said City with said bank.
►
fORM APp(�pyED
Asst. Corpo►�tion-Couns !
APR 12 1972
COUNCILMEN Adopted by the Council 19—
Yeaa Naya
Butler •oved APR 12 1972 ls-
��
Levine
�n Favor
Meredith
Sprafka ✓ Mayor
A gainst
Tedesco
Mr. President, McCarty
PUBLISHED ApR 151912
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OFFICE OF TH COMPTROLLER
v SAINT PAUL MINNESOTA 55102
1 ALL
.■■
CLEMENS J. SCHLECK ROBERT W. TRUDEAU
Chief Accountant Asst. Chief Accountant
Comptroller April 4� 19�2 Deputy Comptroller
Corp��r-:.tion 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 June 29, 1972
substituted for
$3,000,000 U. S. Treasury Bills due March 30, 1972
is hereby approved,
Please prepare the proper resolution to be presented to the
City Council for their action thereon.
Very truly yours,
���" �;�Y ���r�
Clemens J. Sc eck
' - Secretary, Sinking Fund
, �
,
� ' � �' j �� Committee
�:-- '� . ���
� -
APPROVED• ���,'��- �t� �. �� C�. • �= 'L
Commissioner of Finance
Member, Sinking Fund Committee
.:�y . 68
. i
CITY OF ST. PAUL p��� NO
� OFFICE OF THE CITY CLERK
_ • - COUNCIL RESOLUTION—GENERAL FORM
����e� ;
COMMISSIONER �ATE {
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i
�E30LV�D, Tbat the sub�tttutian oi ;
, �
i
�3,000�000 II. 3. Trsa�ury Hill� due June �9, 197Q,
ior ��
�3,000,�00o U. S. Tree�ury Bills dua Mareh 3�, i97g, �
as oollatesaliseourlty !or depo�its oi pnblio tuad• o! the City ot'
Sa1nt Paul Mith Tbe Firs�6 Natlonal Baah oi Saint Paul, hereby is 'i �
authoriaed, r�t3lied aad approved, eooh having been do�e in oon— I
toraer►oe M�th �he appliosble etatutes oi the Stat� oi Minue�ots; �
that euoh subr�tituted seourities, at tbe tias oi �nob •ubstitntionj,
had a sarket qalue sufticien�� toieth�r rtth th• �srket .alui o�
the original �ollateral seouritie• tor ssid pn ose, ior Mhiah no 1
rubstitution was vade, equsl to �it0 ior ��erq�i00 oi doporita I
oi pnblio lt�nd+� oi aaid City with �a1d �►�ak.
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APR 1 a r�� �
COUNCILA�EN ' Adopted by the Counc3l 1�_
� Yesa Naya
But�� ' APR 12 19Tt '�;
� ' Appr�ve�cL 1�—.
Levine i �
r� Favor
Meredith � a
Sprafka Ag��t
Tedesco ' '
Mr. President, McCarty ; '
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