248104 • -� 248�Z0��
ORI6INACTO CITY CLffRK
, CITY OF ST. PAUL COUNCIL NO.
OFFIC OF THE CITY CLERK F�`E
O C S UTION-GENERAL FORM
PRESENTED BY
COMMISSIONE DATF
SOLVED� That the Council of the City of Saint Paul hereby
authorizes , approves, and ratifies similar action by the Sinking
Fund Committee of said City, in the premises , and designates Capital
City State Bank of Saint Paul , a bank authorized to do business in
the State of Minnesota, as a depository of a portion of the moneys
of said City, subject at all times to the applicable statutory re-
quirements that said Bank shall furnish and maintain on deposit with
the Commissioner of Finance of said City bonds of the United States
Government in amount equal to 110 percent of the maximum amou nt of
money of said City at any time on deposit with said Bank, such bonds
having a market value of at least par or equivalent of 110 percent
of the amount of such deposit, approved by this Council� and ac-
companied by a proper assignment of the same to said City� to the end
the said Bank so depositing and assigning such securities shall and
will safely keep and pay over t said Commissioner of Finance, or
his Order, on demand, free of e� change , all moneys of said City de-
posited therein at any time, while such bonds shall be so deposited
with said Commissioner, with interest, if any� thereon, at the agreed
rate ; that in case of default on the part of said Bank, as such de-
pository, the Council shall have full power and authority to sell
sueh bonds or so mueh thereo� as may be neeessary to realize the
full amount of said City' s funds so deposited in said Bank� together
with sueh interest� if any� thereon� and to pay the balance or over-
-� plus� if any� to said Bank; that as and for such deposit and assign-
N , . ment to be made by said Bank with said Commissioner� to secure said
�' � deposit of said City' s funds in said Bank� the deposit and assign-
o ment by said Bank of �31,000 of 7-3�4�o U. S. Treasury Notes, due
� i� � May 15� i973, in acco�dance with the pertinent pledge of securities�
� � delivered by said Bank to said Sinking Fund Gommittee� hereby is
o � approved and authorized for acceptance by said Sinking Fund Committee
� �' and said Gommissioner for said purposes ; that the amount of the ,
said City's funds deposited pursuant hereto with said Bank shall at
� no time exeeed either �25 ��00 or ten-elevenths of the market value
of bonds so deposited and assigned by said Bank as security therefor.
Upon the effective date of this resolution� the prior Resolutions of
this Council� C. F. No. 228121� approved Apri114, 1966, C. F. No.
235053, approved September 1J, i967, and C. F. No. 246040� approved
October 23� 196g, are hereby cancelled and superseded; and be it
COUNCILMEN Adopted by the Council 19—
Yeas Nays
Carlson
Dalglish Approved 19—_
Meredith Tn Favor
Peterson
Sprafka Mayor
Against
Tedesco
Mr. President, Byrne
O
. " 2�����
ORI61NAInTO�CITY CL6RK .
. CITY OF ST. PAUL FOENCIL NO.
OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION-GENERAL FORM
PRESENTED BY
COMMISSIONER DATF
Page 2.
FURTHER RESOLVED� That the Council of the City of Saint Paul
concurs in the action of the Sinking Fund Committee in releasing the
following collateral held by the First National Bank of Saint Paul
belonging to the Capital City State Bank: �35 ,000 U. S. Treasury
Bonds which matured February 15, 197�.
II�I� 31 1910
COUNCILMEN Adopted by the Council 19—
Yeas Nays
Carlson � � � �"o
Dalglish proved 19—_
Meredith �n Favor
Peterson �
Sprafka � Mayor
Tedesco A gainst
Mr. President, Byrne pU6LISHED APR 4 1970
O
DUPLICAT6' PRIN7ER {�'F��r.:;.,'�s+� ��
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CITY OF ST. PAUL COUNCIL
OFFICE OF THE CITY CLERK FILE NO.
COUNCIL RESOLUTION—GENERAL FORM
PRESENTED BY
COMMISSIONER DATF
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d�tili �:,.���ly �L�e�� ancT ��ay over to ��,id Cominissioner oi Firia�3ce, or
�11`.3 Order, 011 decn�a,iirl , �l"PF'• O� S,'"'iC}ll`L:?,'';° � �'.� �.1 �)i�i''�' �':3 �:� �i�� 1.:� i+l��' :'.:—
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;�+:;�:.i,��y, t�ia Couxicil sha11 hav� �ul� �?oaaer ��ad r�,�z���ority �o sell
svic:s ba�d� or so mucri thereof �s *uay be necessar� to ����li�:; �Iae
:�;ai� .��:i�;��t o� s�ici �it,y' � ��.anc�� :�,o deF�os�t:cl �.� >`s�l,:E.CI. :3�.i1�:, to�;etYier
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��?��:> , i�' �.y7�, to s�did i:tanl�; that as and �or such de�osit and as�ign–
mcat���; �o ��: r�ade by �aid Y3anls; wit� said Commissianer, to secure saic�
de�,osit of said Cit,y' � .funcls in ���id :�3�z�'�� t�ae dc�Y�o.�:i.�� cr,,c� ::.::sign–
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��i��;T �5, :�>'r 3, iri accorda�ce with the nertia�ent ;_l.ecr�;e vs ���curities,
ilei�.vex•ec� by s�.icf l3auls to said Satnliin� F'�and Co;��;zi�tee y l�e�.•eUy i�
a�,�,��vec� anc: a�;ttlori�ecl i'or �cceptzr�ce ht= s�k�.c� Sz��l,:.�.n�; :d��:i�d l:c�c:�ittee
ari�? �ai� Coru�,�issione.r for saic� �tar�o�;es ; that tYie ��aotknt; afi' the
s�.i� GYty' � iunds deposited ptzrs�x�nt k�ereto wi��a ��a�d La�l� :�t���.11 at
iic ti�ne e�ceed eil;ner ��5, �0�� or ten–elevent��� of �;����� r��?x�e1; v�,lue
of �,ur�1s so cie��osited �.na �s::i�necl Yzy s:zi� �'��r� �s �;:;c��.raty ttierefor.
U�dr� t:ie efiective clate of this resoluti��, tz�? �ricar �:�e��lutions of
tt�is :o����il, �. r'. l�Too 2�8121� ��prov°c� ",�.�iZ -24,1 ,��� G. I'. No.
`w3��53� a����roved ;��e�teiai�er 19, 1967� �n.� �. F. �`� . "°.tt�:�4i)� a����roved
Oc�:z:�;;z• 2�, 1y6�, a_re nex`�'�y c��eelled an;l ,:�?tz�erse±:�ec�; and be it
COUNCILMEN Adopted by the Council 19—
Yeas Nays
Carlson
Dalglish Approved 19�_
Meredith Tn Favor
Peterson
Sprafka Mayor
Tedesco A gainst
Mr. President, Byrne
CJ
.:.� r;s� , .,��
DUPLICATE Tn PRINTER !r�'A�`� ` y _,��
CITY OF ST. PAUL COUNCIL NQ,. '` '�`
OFFICE OF THE CITY CLERK FILE
COUNCIL RESOLUTION-GENERAL FORM
PRESENTED BY
COMMISSIONEQ DATF
Page 2.
FUI�.TIL�R IZLSOLV�:1�, That the Council of the City of Saia�t Paul
concurs in the aetion o� the :�inking Fund Committee in releaaing the
following eollateral held by the First National Bank of Saint Fau1
belonging to the Capital City° State Bank« �35�U00 U. S. Treasury
Bonds which maturEd FeUruary 15, 1970.
,,�-��
����` ,a . �.w��3�
COUNCILMEN Adopted by the Council 19_
Yeas Nays , . , � G �"��
Carlson �''�
Dalglish � Approved 19_._
E
Meredith Tn Favor
Peterson
-�� Mayor
Sprafka ''a,��
Tedesco A gainst
Mr. President, Byrne
O