241869 ORIQINAL TO CITY CLBRK
24���9
i CITY OF ST. PAUL FOENCIL NO.
. OFFICE OF THE CITY CLERK
C C R O TION—GE ERAL M
PRESENTED BY �
COMMISSIONE pp F
RESOLVED� That the substitution of
�100,000 U. S. Treasury Note, Series A-1974� 5-3�4�0�
due November 15, 1974,
for
�100�000 U. S. Treasury Bond, 2-1�2�, due December
i5, 1g68,
as collateral security for deposits of public funds of the City
of Saint Paul with the Guaranty State Bank of Saint Paul, hereby
is authorized, ratified and approved, such having been done in
conformance with the applicable statutes of the State of Minn.esota;
that such substituted securities , at the time of such substitution�
had a market value suf�icient, together with the market value of
the original eollateral securities for said purpose, for�hich
no substitution was made, equal to �110 for every �100 of deposits
of public funds of said City with said bank.
F�O PROVE � , �
i' '' G Gli��t���/�
.�-
Ass . Corpor t�on ounsef
JAN 2 � 196g
COUNCILMEN Adopted by the Council 19—
Yeas Nays
Carlson �� � ��6�
Dalglish � Approved 19—_
Meredith Tn Favor
•son '
Sprafka � Mayor
Tedesco A gainst
;�� ���t�:s:.:o� PUBLISHEr JAN 2 5 1g6�
, oe ..��a�� . .:::sa
�ii: �ice pr¢sidea�t (1'etereva)
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OFFICE -OF TH COMPTROLLER
SAINT PAUL ; MINNESOTA 55102
I LL
JOSEPH J. MITCHELL �., ■■■ JOSEPH P. LA �NASA
CITY COMPTROLLER DEPUTY CITY COMPTROLLER
.
� January 3, 1969
Mr. Robert E. 0'Connell
First Assistant Corporation Counsel
316 City Hall
Dear Mr. 0'Connell:
At their meeting held on November 26, 1968, the Sinking Fund
Committee approved the exchange of collateral by Guaranty State Bank of
Saint Paul as follows:
$100,000 - U. S. Treasury Note, Series A-1974, 5-3/4%, due
November 15, 1974
exchanged for
$100,000 - U. S. Treasury Bond, 2-1/2%, due December 15, 1968.
Will you please prepare the necessary resolution to be presented
to the City Council for their action.
Very truly yours,
° Joseph J.`Mitchell
City Comptroller
�� �`'1���- �-C"-�`�-c-c'�
Barbara Asbury (Mrs.)
.
�,y � �; ��« � �� � �'
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DUPLICATE TO PRINT6R ��� ./��•,���
CITY OF ST. PAUL FOENCIL N0. -`�' .
OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION-GENERAL FORM
PRESENTED BY
COMMISSIONErt
DATF
F�ESOLVED, That the substitution o�
�p1U0,0U0 U. S. T�'�'33L1Y'� N0�0� Series A-1974, 5-3/4J,
due 21ove�i�er 15� 1974�
� for
.;>1v�9,�UO U. S. Tre�sury �3onci, 2-1�2�0, due Dece�nl�er
15, 1968,
aa collateral :�eeurity for del�oeits or �u�rlic fLtr„ds oi the City
o�f Suint Paul with tlio Gu�zra�ty �t�te I�anli o� Saa.nt Paul, ��ereby
is �,ut�zorize�3, ratifiec� and approved, gucla having been done in
con�or*nance w:ith the ag�plicaUlQ statutes of t1�e �tute oS riiruse�ota;
tta�,t sueh substitu�ed sacuriti�s, at the taime o� such substitution,
had a marke� value su��icient, together with the market value of
the original collate,ral �eeurities for sa.ic� purpo�e, fo�^ �ri��.e�i
no suUstitution was �nad�, equal to �110 fior every �100 of deposits
of �u�lic �unds of s�id City �r�t?a said bank.
,
`� � g r����"'��
... ��'k. ( « r ,�r
COUNCILMEN Adopted by the Council 19_
Yeas Nays
Carlson � ��
��:^' ^ , � ��,iH���
Dalglish � Approved 19—_
Meredith
� Tn Favor
�eterse�--
Sprafka C� Mayor
Tedesco
A gainst
�.KI' �;eS�,����r��rn� ..,.....
lti::f. �r aii.i;>, i`I'::3'.1^'�i:'� 1i`t';;�,iY86A])
55