250037 ' ` �"VL��
OR161NAL TO CITY CLlRK .
CITY OF ST. PAUL F,OE NCIL NO
.. OFFICE OF THE CITY CLERK
UNCIL RESOLUTION-GENERAL FORM
PRESENTED BY ;
COMMISSIONE DAT°
WHEREAS� the Sinking Fund Committee and the Council of
the City of Saint Paul have , by Council File No. 249849, approved
July 24, 1970, increased the maximum deposit and required col-
lateral pledged by Summit National Bank to �360,000 and �400,000,
respectively; and
WHEREAS, the Sinking Fund Committee has approved the
following securities as pledged by said Summit National Bank:
�100,000 U. S. Treasury Notes , Series B-74,
5-5/8Io, due Augu st 15, 1974,
as additional collateral� - therefore be it
RESOLVED� That said securities are approved as collateral
security for such additional deposits of public funds of the
City of Saint Paul with the Summit National Bank.
i��;��:i Ai'PROVED.
��� .
CORPOFZA710N COUNSEU
� i l 1970
COUNCILMEN Adopted by the Cot 19—
Yeas Nays �� � � ����
But1�r
Carlson � Approve� 19�
Levine _ln Favor
Meredith
Sprafka Q` or
Tedesco A gainst
PUBLESi�ED AU G 151970
Mr. President, McCarty
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OFFICE OF TH COMPTROLLER
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SAINT PAUL i MINNESOTA 55102
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LOU MtKENNA �,,,, '�' "'r
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City Comptroller `,
August 6, 1970
Corporation Counsel
315 City Hall
Saint Paul, Minnesota
Dear Sir:
In accordance with recent action of the Sinking Fund Committee
whereby the maximum deposit and required collateral pledged by Summit National
Bank were increased (please refer to Council File No. 249849 - copy attached)
the following securities as pledged by said Summit National Bank; namely,
$100,000 - U. S. Treasury Notes, Series B-74, 5-5/8%,
due August 15, 1974
are hereby approved.
Please prepare the proper resolution to be presented to the City
Council for their action thereon,
Very truly yours,
��
� Lou McKenna
Secretary, Sinking Fund
. Committee
Approved• .
ber, Sinking und Committee
�
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COMMISSIONER � DAtE t`:
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�BAB! �o�oil FiZo No. a3iao�, appro��d D�v�ab�! �S• �` �
19bb� deai�nat•d Sn�osit Xationel Bank oi St.Panl a� • dep0�itor�► " `�
o! a portie� e! tb� soaey� oi the Ci�y d 9ai�at Paul, a�4 iiz�d �
a taaci�w� eaaeuai !or •uoh dsposit• es r�ll a• taqaistA oallatis�l :
k
, ��4asi��► "�Ohsr�lor; aad
il��,, Caunoil F11e No. 543876, appro��Q 0otab�r a, �9�9, �
y1��qtded the �a�titn� deposit and the requlrsd �toll�t�=al s�cnrlt�► ,
aa ori�i�llr ti�ced� e►nd
ti�8SA3, �b� 9loking Fugd Committm�� at s �etia� b�Id on
Tharsday. 'Joly �, i97U, �ook aotioa �o in�os��s� �bs �a�cl�ur de–
posi# sad �c�e�airsd ooilster�i to �360,�00 � �yo4,o�, r��p�v�i�slr�
No�� Ti�roior�, be i�
8E30LVED,� Tbat tae prior resolutiQn� of thi• Cou noil,
Copnoil Fil� No. 83i204, spproved Dsaember i�� l966, and Cowmoil
Fi1• �o. a�se76, spproved aotobor 8� 1g69, be ata3 thn �aae t�ereby
aro s�ended in ttie iolloMing partiaulsrs= that tbs �asie»a dsposit
o! ■oaey� oi the fti�y of $aint Paul in the Sumaeit xational Hsnh ot
3aint Psul is iuoreseed iroo �270,040 to �360,000, anA the requireel
oollaterrel �eonrity ior suoh depoait is inoreased ira� ��00,040 to
�400�000; and bs it
BESOLVED FUBTHER, That all other te�s�, pro�taians aod oorr-
ditione oi eaid reeolution, Council File No. 23iSt0y, �h�+ll oontlnne
1n t'ull toroe ena eZieot; as�d be it
RESiOLVED FURTHER, Tb�t �hid Resolution shall beoo�e et�eoti�e
upon publioatlon and x�pon �elivery to the Co,s�lrrioner .o! Fia�o• .
oi a raoeipt froa the Federel Reaerve Baak evidenoina s depo�it
oi oollateral seourity ea prorided by this Besolntion.
.. --.s�.��.,��
COUNCILMEN Ado�ted by the CdtV�12� ��10 19�
Yeas Nays
Butler ��... � � ����
Carlson Approve� 19�
Levine _In Favor
Meredith
Sprafka Maqor
Tedesco A Sainst
Mr. President, McCarty
✓;
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��������� CITY OF ST. PAUL �uNCa NO ��`
= OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION--GENERAL FORM
����
COMMISSIONER DATF
iiHlBEAi, ths Slntl�n� Fw� Ca�ltt�• and tb� �om�o#1 oi
t4� �iity oi li:int Psnl baw, by Connoil Fil• l�to. �49849, appro�nd
Jt�1y �t4� i9?0, iaos�a�sd t6s sazia�u� d�po�it wn�! r�qnir�d ool�
lat�rtl pl�d��d by ��ait ]�ational Bank to �33�ii0,004 �ad �44�0,000,
l��p�otil►�la►� en�!
i�1t81!!�, tb� Sinlcins !"na�d Coaitt�• lus ap ro�sd th�
lolla�ia� ��Qnritie� a� pleds�d by •aid Sruuait �s�ic�nal Hant:
�i0p�t�0 iT. �!. T�rea,rurq Notea� S�rio� 8-74�
5--�/�. dne At�a�t ig. �.97�,
a. �aa�ttio�r ooil�tes�si�thersiar� be ��
�SOLVBD, 'lhat �aid sso�riti�s ar� wpproryd a� ooll�t�ral
�fourity ior �noh addit ionai depo�it• vi pnbiio i'`�nd� o! tbe
Cit� o! iaint Psal rith th� Sqdi� �tati�nwl �a�tl�.
AUG 11 1�7A
COIINCII�MEN Adopted by the Co»*�¢31 19_ .
Yeas Nays
�ut�er— 14� 1 1 197�
Carlson ApprovR� 19—
Levine
Favor
Meredith
Sprafka v ��°r
A an;nat
Tedesco
Mr. President, McCarty
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