255991 ORIGINAL TO CITY CL6RK 25�gg1_
CITY OF ST. PAUL �OE NCIL NO.
" OFFICE OF THE CITY CLERK
�� C N RESOLUTION—GENERAL FORM
PRESENTEO BY �
COMMISSIONE � ' � DATF
RESOLVED� That the City Treasurer� with the approval of
the City Comptroller, pursuant to and in accordance with the
provisions of Minnesota Statutes 1971, Chapter 475, is hereby
authorized and directed to invest surplus cash in the General
Fund and surplus Sinking F'und cash in general obligati�'ns of
the United States, of the State of Minnesota or aaiy of its
municipalities, and in securities issued by the following
agencies of the United �tates : Federal Home Loan Banks, Federal
Intermediate Credit Banks , Federal Land Banks , Banks for
Cooperatives , and the Federal National Mortage Association,
said general obligations or securities to be payable in not
to exceed one year, and said officers are further authorized
to sell such obligations, ,so purchased, at any time while
same are so held by the City, in the event that the moneys
so invested are needed' for expenditures to be made by the
City, and be it
FURTHER RESOLVED� That this authority and direction
shall be .supplemental and in addition to the powers conveyed
upon the said City Treasurer. and the City Comptro ller by City
Council Resolution, Council File No. 236763, approved January
23, 1968; and be, it '
FINALLY RESOLVE D, That Council File No. 246724 is
hereby rescinded.
FORM APPROVED
� o �-�� .
Asst. Corporati n Counsel
ocT 1 a �9��
COUNCILMEN Adopted by the Counci� 19—
Yeas Nays
But�er 0 CT 12 197�
�se� C°��-,��.`, ro 19—
�� �n Favor
Meredith �
Sprafka Mayor
� Againat
Tedesco
Mr. President, McCarty 0 CT 16 ��7�
PUBLISHED
�
� 25599_1_
ou�uc�n ro�R�Nte�t
� CITY OF ST. PAUL �uNC�� NO
OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION—GENERAL FORM
PR�ENTED!Y
COMMISSIONH! �A�
SSSOLVED� That the Ci�ty Treasurer, Mith the app�c+�vsl oi
the City Co�ptro l le r, purrn�►at �o an�d in s�o rdaaae ��h t�s
pro�i�iona oi Atinne�ota Statnt�s i9?i, Chapte� #?�, i��he�c�eby
authorl�ed and direoted to iavost surpius oa�h is the a•aersl
Fun� and •nrplus Sin�cin� Fuad vawh �n Seasral obli�stit�� oi
tha IIaitod �tat�r, o! the 8tat• oi Min�e�ota or a�y ot 1t•
ouni�ipalities, an�d in •�oaritiss is�ned by t�� !o ilorri�
ag�neie,r oi tbe IInit�d Stater i Fsdsral �c►►�s I,o�n Bant�, F�d�aral
Interatdiate Credit Sanic�r Federai I.�nd Baak�, Ban�s ior
Cooperati'ss, a�d the Fedaral l�atiosul Morts�e A�sooiation,
�sie! ��ersl obll�jttoa� or saouri ti es to lae payable !n sot
to .zoesd os. ysar, +�nd �aid oii4oers are tnrtber anthorlssd
to s�ll suoh oblisstioa�� so purohared� $t w�r ti'ee �thile
•a�e a�e so held by the City, in th• event � the �oneyis
so in�s�t�d are needsd ior ezpenditares �o b� �ad• by th�
City� and be it
FOBT�H SEaOLVED� 'T�at thi• antgority aad dirs�tioa
,rhall be Tenpple�tental and is addition t�c►► the po�+re rr oomosy�d
npoa the •aid Cit�r Tarea�nrs� and th• City Co�ptm ller by City
Couu01l �teeolntlom� Couttzoll File lTo. 236763, sppx'orsd J4�ivat'►
$3� 19f8; and be it
FI1tALLY A�84LVED* Tlut Couaoii File No. �#b7Q4 1•
hereby rs�oladeA.
COUNCILMEN Adopted by the Counc;� 0 CT 12 197�9_
Yeas Naya
But�er OCT 1 � 197�1
��. Appro� 18_
�vin�` -�
Tn Favor
�eredith
Spraflca �t ��r
A g81IISt
Tedeaco
Mr. President, McCarty
��