249849 Y OR161NAL TO CITY CL6RK ��`q��
CITY OF ST. PAUL couNCa ''�
� -
OFFICE OF THE CITY CLERK F��E NO.
COUN RESOLUTION G RM
PRESENTED BY �
COMMISSIONE •
WHEREAS� Council File No. 231204, approved December 15,
ig66, designa,ted Summit National Bank of St.Paul as a depository
of a portion of the moneys of the City c�f Saint Paul, and fixed
a maximum amount for sueh deposits as well as required collateral
security therefor; and
WHEREAS, Council File No. 245876, approved October 8� ig6g,
amended the maximum deposit and the required collateral security
as originally fixed; and
Wf�REAS, the Sinking Fund Committee, at a meeting held on
Thursday, July 2, 1970, took action to increase the maximum de-
posit and required collateral to �360,000 and �400,000, respeetively,
Now, Therefore , be it
RESOLVED, That the prior resolutions of this Cou ncil,
Council File No. 231204, approved December 15, 1g66, and Council
File No. 245876� approved October 8� 1g69, be and the same hereby
are amended in the following particulars : that the maximum deposit
of moneys of the City of Saint Paul in the Summit �iational Bank of
_, Saint Paul is increased from �270,000 to �360,000, and the required
� � eollateral security for such deposit is increased from �300�000 to
C? �! �400,000; and be it •
a �
�r� � RESOLVED FURTHER� That all other terms, provisions and con-
~ � ditions of said resolution, Council File No. 231204, shall continue
� in full force and effect; and be it
� RESOLVED FURTHER� That thi� Resolution shall become effective
upon publication and �pon delivery to the Commissioner of Finance
•f a reeeipt from the Federal Reserve Bank evidencing a deposit
of eollateral security as provided by this Resolution.
�_�L 2 4 1970
COUNCILMEN Adopted by the Council 19—
Ye Nays � 4 ,��0
utler
���.
Car� rove� 19`
�Levine �n Favor
�Meredith
�Sprafka I Mayox
�Tedesco A gainat
�r. President, McCarty p�g��SHED AUG �. 19��
��
� � °�"`��`�°�'�` c�nr oF sT. PAUL couNC�� �9�49
OFFICE OF THE CITY CLERK F��E NO
� COUNCIL RESOLUTION—GENERAL FORM
PRESQITED!T
CAMMISSIONE� �A*�
WBEREAS, Counoil File No. 231204, approved Deoember 15�
i966, designated Sum�nit National Bank oi St.Paul ae a depository
ot a portion oi the moneys ot the City d Saint Paul, and fixed
a maximum amount for suoh deposits as well as required oollateral
aeourity there�or; and
WHEftEAS, Counoil File No. 24y876, approved Ovtobea� 8� 1969,
amended the maximum deposit and the required oollaterel �eourity
ae origin�.11y fized; and
W�BEAS� the Sinking Fund Co�mittee, a� 8 meeting held on
Thursday, July 2, 1970, took avtion to increaee the ma$imu� de-
posit and required collaterll to �360,000 and �400,000, re$peotively�
NoM, There�ore, be it
RESOLYED, That the prior reeolutiona o� thie Cou noil,
Counail File No. 231204� approved Devember 15, t966, awd Council
File No. 2458'76, approved Ootober 8, i969, be amd the seme he reby
are amended in the following par�iQUlaret that the magimum clepoeft
oi moneye oY the City of Saint Paul in the 3u�mit �Tatioaal Hank o�
3aint Paul ia incre�sed iroa �g70,000 to �360,000� anc� the required
oollateral eeourity ior euch deposit is inoreaoed trom �300„000 to
�400,000; and be it
RE30LVED FU1tTfiER, That sll other terite, provisio�s and con-
dltion$ of eaid reeolution, Counoil File No. 23sao4, �hail continue
in Yull Yoroe and efYeot; and be 1t �
RE30LYED FURT�H� Th�t �hig Besolution shall baoom� e�ieoti�e
upon publioation and npon delivery to the Co�asisrionez oi Fiaa�c•
oi a reoeipt froe the Federal Aeeerve Bank e�ideaoing a 8eposit
oi collateral seQUrity as provided by tbfa Besolntion.
�.�..
JUL 2 4 1�
COUNCILMEN . Adopted by the Coun��� 19—
Y� xa�a �� 2 4 1970
Butler /
Carlson V Apprnved 19—
Levine �
T*+ Favor ,
Meredith
Sprafka ��r
�8'ainst '
Tedeaco , ,
Mr. President, McCarty ' �
'
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