258608 OR161NAL TO CITY CLlRK � �586��
� CITY OF ST. PAUL �LENCIL NO.
.�_ OFFICE OF THE CITY CLERK
COUN L O TION—GENERAL FORM
.
PRESENTED BT
COMMISSIONE ATF
RESOLVED, that the substitution of
�3,000,000 U. S. Treasury Notes , Series D-72,
6-3�4�0, due May 15, 1972
for
�3, 000, 000 U. S. Treasury Notes, Series C-75,
5-7/8�/0, due Augus t 15, �,975
as collater al 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 ap proved, 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.
FO M APPROV�D
. o
As�t Corporation Coun ��
MAY 11 1�72
COUNCILMEN Adopted by the Counci� 19—
Yeas Nays MAY 1 1 1972
Butler
�, � p 19—
, , Levine _�n Favor
Mer.edit}�—
,Sprafka � or
Tedesco A gainst
�` ��`.��:- ..•-.,�„�,���,.�
11'��"'�°'`���""� µ����n MAY 131972
Mr. Vice President Meredlth
�
r �
• ^ OFFICE OF TH COMPTROLLER ;,. -�
�����;��
SAINT PAUL MINNESOTA 55102
1 ALL
... ■■■
CLEMENS J. SCHLECK ROBERT W. TRUDEAU
Chief Accountant Asst. Chief Accountant
Comptroller May 3� 19�2 Deputy Comptroller
Corporation Counsel
Sixth Floor
Building
Dear Sir: ����
1 .
The substitution of pledged collateral by: ��
Mq y �
THE F IRS T NATIONAL BANK OF SAINT PAUL CQRA���T ���/�
�
as follows: �� CQv
�S�c�
$3,000,000 U. S. Treasury Notes, Series D-72, 6 3/4%, due
May 15, 1972
substituted for
$3,000,000 U. S. 7.`reasury Notes, Series C-75, 5 7/8%, due
August 15, 1975
is hereby approved.
Please prepare the proper resolution to be presented to the
City Council for their action thereon.
Very truly �ours,
�� � , �
�'C�� �����
Clemens J. S leck
� � '� r Secretary, Sinking Fund
' Committee
i
Approved: � �� � ��-
Member, Sinking Fund Committee
:9� �
s
DYlLICATt TO HlINTOt � • .
� CITY OF ST. PAUL p�UNGL No�58608
.� • OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION—GENERAL FORM
C.�OMM�ONER �A*�
RE30LVED� that the substitution oi �
#3,000�000 U. S. Trea�ury Not�s, 3�ri�• D-?2�
�-3/4�►s due May 15, 197Q
tor
�3�000�000 II. 3. Tresrury Noter, Serias C-75, �
�-7/e�i, auo Au�us t� �g. 1975
as oollatermi sevurity ior depo�its oi pnbiio ia�acis of the City
oi �sint`4+��'sul �eith Tbs Firet Nat ional Bsa�t oi �sint Paul, herebq
ie authori�s�9f ratitled and appror►�d, anob ha�ing bsen dox�e in
, oontor,anoe Mith the app2losbls •tatutss oi the 5tate o= Minn�esota;
that snoh �ubstituted seouritie�, at the ti�e o! suoh snbstitu�ion,
hsd a �arkat value tntfioient, to�sth�r Nith the �arket value ot
tha original oollatersl eeouritie• ior eaid par o�e� !or rrhioh no
�nb�titution Mas �ad�, equal to �i10 ior eoery �100 0! depo�it•
oI publio ihnd� oi �aid Ci��Ey rith raid bent.
;
i
,
+
MAY 1 i tli2
COi1NCILMEN Adopted by the Counc+� 19—
Y�s xays Mp,�i 11 '19�
Butler
son Approv� 18_
�°�e � Tn Favor
�, ��
. Sprafka � AgainBt s
Tedeaco
��-.��.
��, : ��
Mr. 1�ice President Meredith
���