246548 ORIGI�AL TO CITY CLERK /�j��J�]�[
' CITY OF ST. PAUL FOE NCIL NO. �� �"
' OFFICE OF THE CITY CLERK
,._ ,.-.-, COUNCIL RESOLUTION-GFNERAL FORM
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PRESEN7ED BY f
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COMMISSIONE \ �' ^^ ' � ,� ' t�� DATF
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WHEREAS� Council File No. 231238, approved December
28, 1966, designated Guaranty State Bank of Saint Paul as a
depository of a portion of the moneys of the City of Saint
Paul, and fixed a maximum amount for such deposits as well
as required collateral security therefor; and
WHEREAS� the Sinking Fund Committee, at a meeting
held on December 1, 1g6g, took action to reduce the maximum
deposit and required collateral to �'70,000 and �80,000
respectively, therefore be it
RESOLVED� Tha t th� prior Resolution of this Council,
Council File No . 231238,; approved December 28, ig66, be and
the same hereby is amended in the following particulars : that
the maximum deposit of moneys of the Gity of Saint Paul in the
Guaranty State Bank of Saint Paul is reduced from �180,000 to
�70�000� and the required collateral securi.ty for such deposits
is reduced from a minimum of �198,000 to �80�000; and be it
RESOLVED FURTHER a That al l othe r terms� pr ov is ions and
conditions of said Resolution, Council File No. 231238, shall
continue in full force and effect.
FO APPROVED �
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' ' Corporation CounseG j��
DEC 2 1969
COUNCILMEN Adopted by the Council 19—.
Yeas Nays �E� 2 1,�9
Carlson
,�}� rove 19—
Meredith Tn Favor
Peterson '
Sprafka U
ayor
Tedesco A 8ainst
Mr. Preaident, Byrne ��L�SF�EO ��C 6 ���
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