258721 ORIGINA4 TO CITY CL6RK � ���2y
° CITY OF ST. PAUL couNCa � �
OFFICE OF THE CITY CLERK FILE N
� � CO C RESOWTION—GENERAL FORM
.
PRESENTED YT
COMMISSIONE ATF
RESOLVED, that the substitution of
$3,000,000 U. S. Treasury Bonds of 1967-72, 22%, due June 15, 1972
for
$3,000,000 U. S. Treasury Notes, Series D-72, 6 3/4%, due May 15, 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 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.
1
�O�M APf�RO�/EQ
�. At'^r^."�i+.��:��'�
Asst. Corporatiuri Cau�s�l
• I�AY ^� ��
COUNCILMEN Adopted by the Council 19—.
Yeas Nays
Butler y �� ����
Gsi'�so� Conway � Ap ov �A 19�
L vin "
e e �n Favor �
Meredith
Sprafka � or
A gainst �
TE�P'�rn
Mr. President, McCarty
PU�LISHED MAY 2 7197�'-
��
. .
OFFICE OF TH I COMPTROLLER ',��1��21-
SAINT PAUL MINNESOTA 55102
1 ALL
... .■■
CLEMENS J. SCHLECK ROBERT W. TRUDEAU
Chief Accountant Asst. Chief Accountant
Comptroiler May 1�� 19]2 Deputy Comptroller
Corporation Counsel
647 City Hall
Saint Paul, Minnesota
Dear Sir:
The substitution of pledged collateral by:
THE F IRST NATIONAL BANK OF SAINT PAUL
as follows:
$3,000,000 U. S. Treasury Bonds of 1967-72, 2'�%, due
June 15 , 1972
substituted for
$3,000,000 U. S. Treasury Notes, Series D-72, 6-3/4%,
due May 15, 1972
is hereby approved.
Please prepare the proper resolution to be presented to the
City Council for their action thereon.
Very truly yours,
��r � ��'��'�
Clemens J. ' chleck
a
Secretary, Sinking Fund
� Committee
� ;
Approved• � t,
•Member, Sinking Fund Committee �
���/
(� ��U
/�.7,�1/
������,. � � 19�
�T��rt n
'0���'��
. �
ovw�ur{�ro nnr�s�e
�' CITY OF ST. PAUL �uNCa NO�� 1
OFFICE OF THE CITY CLERK �����.1.
. - � • COUNCIL RESOLUTION—GENERAL F4RM
PRESENTED tY
COMMISSIONEn nAre
R830LVSD, that the sub�titntion o!
�3,000,000 II. S. Tr�asury Bonds of 1967•72, Z�x, due Juue ZS, 19�2
for
$3,000,000 0. S. Treaaury Notes, Seriea D-72, 6 3/4x, dus May 15, 1972
. as collateral security for depoaits of public funds of ths City of Saint Pa�l �+ith �t
Firat National Bank of Saiat Paul, hereby is authoriaed, ratified as�d approvtd, sucb
having been done in conformaace with tha applicabl� •tatut,ea of th� Stats of 1[i�eaota;
that such aubatituted securitiee, at the tim� oi such eub�titution, had a o�rk�et valu�
au!lie,i�nt, together �ith the market value of the original collateral a�curitiss for
aaid purpose, for which ao substitution was made, equal to $110 fos every $100 of
d�poait� of public funds of aaid City �ith said Bank.
�Y �� �
COiTNCILMEN Adopted by the Counci� 19—
Y� Na� MAy �4 �972 .
Bu��
�.� ��� Approv�l 19—.
Levine
Tr Favor
Meredith � ��r
Sprafka
� _Againat
Mr. Preaident, blcCarty
��