258609 ` �5�6��
ORIGINAL TO CITY CL[RK � �
. „ CITY OF ST. PAUL HOE NCIL NO.
OFFICE OF THE CITY CLERK
� ^ . U RE OLUTION-GENERAL FORM
PRESENTED BT � (�,
COMMISSIONE ' pTF
RESOLVED, that the substitution of
�3, 000,000 U. S. Treasury Notes, Series C-75,
' S-7�8�0, due August 15, 1975
for
�3, 000,000 U. S. Treasury Bills due June 29, 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, 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 ma rket 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.
�ORM APPROVED:
��
. o,.,.,.,.t`�C9,..�, .�',oa n,.�:,
Asst. Corporation C�d���
I�AY l 1 1,72
COUNCILMEN Adopted by the Counci� 19—
Yeas Naya
But�er I�AY 11 1�J72
�� Approve 19_
Levine - �� Tn Favor
��
Sprafka yor
Tedesco --`�–Against
Mr. Vice President Meredith �'���� MAY 1� 1�T2
��
.
.- OFFICE OF TH I COMPTROLLER �������
SAINT PAUL MINNESOTA 55102
1 ALL
... ■■■
CLEMENS J. SCHLECK R E C � f � � F�QBERT W. TRUDEAU
Chief Accountant �'�Atst. Chief Accountant
Comptroller Apri 1 27, 197 2 Deputy Comptroller
MAY 1 �g�
CORPORATl�N COUNS�L
Corporation Counsel
315 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 Notes, Series C-75, 5 7/8%,
due August 15, 1975
substituted for
$3,000,000 U. S. Treasury Bills due June 29, 1972
is hereby approved.
Please prepare the proper resolution to be presented to the
City Council for their action thereon.
Very truly yours,
�/���Zi-LG ���i�
Clemens J. S leck
Secretary, Sinking Fund
� , Committee
d• �,
Arrr�ve . C{. .
Member, Sinking Fund Committee
ba
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i
o�����,n,�.�,� 258 fiU9 �
, , CITY OF ST. PAUL �NGL NO `
OFFICE OF THE CITY CLERK
- ' � COUNCIL RESOLUTION—GENERAL FORM �
����
COMIAISSIONE� DATE
�
BESOLVED, thst the •ubs�itution ot
�3,000�000 U. S. Treaeury Notes� Series C-75�
5-?/e'�• duie Au�us t 15, �975
ior
�
6
�3,000,000 II. 3. Trea�ury Bills due June 29, 197fd '
�
aa vollateral saourity ior deposit• oi publio innds o! the City �
o= 5aint Paul Mith The First National Bank o! �aint Paul, he reby
is authorized, ratiiied and �ppro�ed, �uvh gaving been do�te ia ;
oon�oruanoe �i�Eh t� eppliosble otatutes of the State o! Minne�ots;
�hat suah snbstituted eeourities, at t6e tina oi euah �ube�titution, ;
had a Qarket value euifioient� �ogather with the market value o! �
the ori�inal oolla�eral seouri�Elee ior aaid pnr ose� ior rbioh ao
subotitntion was sede, equal to �110 ior every �100 oi deposita
of publio iunds of eaid City with eaid bank.
�
i
a
�AY 111�12
COUNCII.DIEN Adopted by the Co»++ci� 19—
Yeas Nays
Butler �� 1 Y llgZ2
� Approv� 19—
�°�e Favor
Met�th•
Mayor
Sprafka ,�Against
Tedesco
Mr. Vice President Meredith
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