251462 OR161NAL TO CITY CLRRK �" �
CITY OF ST. PAUL couNC�� No 251=��2
' OFFICE OF THE CITY CLERK `�`�
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COUNCIL RESO UTI N—GENERAL FORM
PRESENTED BY
COMMISSIONE ATF
RESOLVED, That the City Treasurer, with the approval of the
City Comptroller, pursua.nt to and in accordance with the provisions
of Minnesota Statutes 471.56 and 475.66, is hereby authorized and
directed to invest, for a term not to exceed one year, surplus
cash in the General Fund and surplus Sinking Fund cash in general
obligations of the United States, of the State of Minnesota or any
of its municipalities, and in securities issued by the following
agencies of the United States: Federal Home Loan Banks, Federal
Intermediate Credit Banks, Federal Land Banks, and the Federal
Nationa.l Mortgage Association, and said officers are further
authorized to sell such obligations, so purcha.sed, at any time
while same are so held by the City, in the event tha.t the moneys so
invested are needed for expenditures to be made by the City; and
be it
FURTHER RESOLVED, That Resolutions C.F. 236763, adopted
Janua.ry 23, 1968, and C.F. 246724, adopted December 17, 1969, are
hereby rescinded. FORM APPROVED: ,
. �
Asst. Corporation Co I
COUNCILMEN Adopted by the Counca.��`�` 1 � �� 19—
Yeas xaya DEC 1 5 1910
Butler
Carlson � 19—
Levine
Favor
Meredith
Sprafka Mayor
�' ��igainat
Mr. President, McCarty p(jg�,��{Ep pEC 191970
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CITY OF ST. PAUL couNU� �
' OFFICE OF THE CITY CLERK �+� NO ;
COUNCIL RESOLUTION—GENERAL FORM � i
CO�MMM IS�SIONFII DA� I�
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RESOLVSU, Tha�t the City Treasursr, with the approval of the i
City Comptroll�r, pursuant to and in accordance with the prov�.sionr I
k
of Mi�sota St�tutea 471.56 and 473.66, is hereby authorized and i
diracted to invest, for a term not to exceed •one year, aurplw�e �
cash in the General Fund and surplus Sinking Ftn�d cash in gea�ral I
obligations of the United States, of the State of Minneaota ox any
of its muaiicipalities, and in securities isaued by the tollaring
agsncies of the Ucsit�d State�st F�deral Home Loan Banks, Feds�al
Intera�diate Cre�dit Banits, Fed+�ral Land Banks, and the Fed�ra�
National Mortgage Association, arld said officers are further
authoriaed to sell such obligations, ao purchas�, at any timo
while same are so hsld by t1�e City, in the event that the m�n�ys eo
invested a�re �s�ded for experditurea to bs made by the City; mnid
be it
P'URTHER RESOLVED, That Resolutions C.F. 236763, adopted
J�nuary 2J, 1968, a�nd C.F. 24672�+, adopted December 17, 19b9, are
hereby rescinded.
�,�15 1910
COUNCILMEN Adopted by the Counc�'� 19—
Yeas Nays
Butler �EC 15 1l70
Caxlson Approv� 19—
Levine Tn Favar
Meredith
sp� � ��
ro0A17f At
Todetl._.�..::.��
Mr. President, McCarty
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