253471 OIA61NlL TO CITY CLBRK �fj7�' J���
� CITY OF ST. PAUL couNCi� r� %
� OFFICE OF THE CITY CLERK ti�E NO.
r •
UNCIL RESOLUTION—GENERAL FORM
PRESENTED BY
COMMISSIONE ATF
RESOLVED, at the substitution of
�3,000,000 U. S. Treasury Bills, due September 16, 1971
for
�3,000, 000 U. S. Treasury Bonds of 1980, 32dfo, due
November 15, 1980,
as collateral security for deposits of public funds o� 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 S-�ate of Minnesota;
that such substituted securities, at the time of such subatitution�
had a market value sufficient, to gether with the market value of
the original collateral securities for said purpose , for wh ich
no substitution was made , equal to �110 for every �100 of deposits
of public funds of said City with said Bank.
F��l Af'PRUVtD
�
Asst. Corporation Couns I
APR ? 19�7�
COUNCILMEN Adopted by the Council 19—
Y�s Na�s APR ? 1971
�
Carlson �I P 19��—
Levine l�
�n Favor
Meredith
Sprafka U �
Tedesco A gainst
Mr. President, McCarty pp R 101911
p�gI,ISIIF.�.�-- �'
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+� �,R����
6UlLICATt TO�RIN7=R F „
s CITY OF ST. PAUL �pa� NO.
OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION—GENERAL FORM
PIIgE�IT6D�lf
CAMMISSIONER DK►�
RE30LYED� That the sub�rtitution ot
�3,000,000 O. 8. Treasury Hills� due Saptetbar 16, 197i
ior
�3�000l000 II. 3. Treasury Hond� of �80, 3�ji, due
Nove�ber 15, 1980,
a� collster8l seourity ior deposit• oi publ�o tunde o� �:�e City
ot SBint Paul Mith The Firat National Haak oi Saint Psul� hereby
is authorized� ratiiied and approved� auoh ha�ing been dome in
oonlormanos with the applicable statutes ot th• Stats oi Minnesota;
that suoh •nb�titn�ed seouritiea� at the ti�e oi euoh �ubstitution,
had a �arlcet �alue autfioient, together �rith the �rket v.alue oi
the orisinal oollateral seouritiea t'or said purpose, to r �hioh
no sub�titution Mae nsda, equal to �110 ior svery �100 oi depoaits
oi publio inndr oY •aid City Mith said Ba'�'�c.
;
i�
APR ? 19�
COLTNCILMEN Adopted by the Cotm�� 19._
Y� xa� APR ? 19��
�
Carlson � Approv� 19.—
�°� Tn Favor
Meredith
Sprafka Z' ' �Y�
rodA1TAt
Tedesco
Mr. President, McCarty
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