259330 ' 259��0
ORIOINAL TO CITY CLlRK
CITY OF ST. PAUL F�N�� NO.
• OFFICE OF THE CITY CLERK
, COUNCIL SOLUTION—GENERAL FORM
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PRESENTED BY
COMMISSIONE ATE_
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WHEREAS, Council File No. 253470 approved April 7, 1971, designateri
Summit National Bank of Saint Paul as a depository of a portion of the moneys of
the City of Saint Paul, and set the maximum deposit of these moneys at an amount
not to exceed $725,000 and the required collateral security at $800,000, and
WHEREAS, On November 9, 1971, $100,000 U. S. Treasury Notes due November 15,
1971, pledged as a portion of the $800,000 collateral, was released by the
Comcnissioner of Finance as this portion was not needed to secure the amounts of
City money on deposit, and
WHEREAS,It is now necessary to replace the collateral released November 9,
1971; now, therefore be it
RESOLVED, That the Council of the City of Saint Paul hereby approves transfer
to said City from said Bank of the following described securities:
$100,000 U. S. Treasury Bonds of 1973, 4%, due August 15, 1973
as additional collateral, as recommended by the Chairman of the Sinking Fund Committee
in accordance with action of the Sinking Fund Committee at their meeting held
June 28, 1972; and be it
FURTHER RESOLVED, That the Acting Heafl of the Department of Finance is hereby
authorized and directed to transmit to the appropriate officer of said Summit National
Bank a certified copy of this Resolution.
FORM PP 0 ��
; l
Asst. i Attorn
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JUL 2 5 19�2
COUNCILMEN Adopted by the Council 19—
Yeas Nays ���� 2 6 1972 �
��� ��
� KONOPATZKI prov 19—
Levine
�___In Favor
Meredith �
Sprafka ayor
Tedeaco Against
1rIlKE. PRESIDENT, BUTLER
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PUBLISHED JUL 2 91972
• ���3Q
ou�ucwrs ro�n�wr�e
� C(TY OF ST. PAUL �uNp� NO. --
' OFFICE OF THE CITY CLERK ,
., ..
COUNCIL RESOLUTION--GENERAL FORM
�RB6NTED�1f
COMMIf510NER �AT�
,
WAEREAS, Council File No. 253470 approved April 7, 1971, desigaatdti
Summit National Bank of Saint Paul as a deposiCory of a portion of the moneya of
the City of Saint Paul, and set the maximum deposit of these moneys at an amount
not to exceed $725,000 and the required collateral eacurity at $800,000, and
WHEREAS, On November 9, 1971, $100,000 U. S. Treasury Notea due November 15,
1971, pledged as a portion of the $800,000 collateral, was rele�sed by the
Co�mmissioner of Finance as this portion was not needed to secure the amounts of
City money on deposit, and
WHEREAS,It is now necessary to replace the collateral released November 9,
1971; now, therefore be it
RESOLVED, That the Council of the City of Sain� Paul hereby approves transfer
to said City frem said Bank of the follawin$ described securities:
$100,000 U. S. Treasury Bonds of 1973, 4Z, due August 15, 1973
as additional collateral, as recoma�nded by the Chairman of the Sinking Fund Ca�mittee
in accordance with action of the Sinking Fund Coa�ittee at their meeting held
June 28, 1972; and be it
FURTHBR RESOLVED, That the Acting Aead of the Department of Finance is hereby
authorized and directed to transmit to the appropriate officer of said SumRnit National
Bank a certified copp of this Resolution.
JUL a� ��
COUNCILMEN Adopted by the C�un�� 19—
Yeas Naye �
� �T A�� �IL a s �T2 19_. .
�IX K�iOPATZI�I ,
Levine Tn Favor
Meredit.h
Sprafka (� �r
�LPigainst
Tedesco
1+1�. PABSIDF1�iT. $OTI.EA
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