236763 r
ORIGIN�L TO CITY CLERK . , 2��1 /�J
CITY OF ST. PAUL couNCi� " ' "�'
O FICE OF THE CITY CLERK FILE NO. _
° U L S O GENERAL F R �
D�� -_
PRESENTED BY �
COMMISSIONE AT
WHER AS, It is the expressed policy of the City Council
to keep invested any surplus cash in the General Fund which is
not required for m�nediately foreseeable expenditures for City
purposes, said in�estment to be made in United States Govern—
ment Bonds or any interest bearing obligations of the United
States, in strict accordance with the authorization granted to
inveat said funds in sueh securities, as provided by Minnesota
Statutes 426. 18, and upon recommendation of the Sinking Fund �
Committee; now, therefore, be it
RESOLVED, That the City Treasurer, with the approval of �
the City Comptroller, under Minnesota Statutes 426.18, is' hereby
authorized and directed to invest any such funds as hereinabove
referred to, in bonds or other interest bearing obligations of
the United States of America, said bonds or obligationa to be
payable in not to exceed one year, and said officers are further
authorized to. sell such obligations, so purchased, at any time
while same are so held by the City, in the event that the moneys
so invested are needed for expenditures to be made by the City;
be it .
FURTHER RESOLVED, That resolution of the Couneil, C. F.
No. 171346, adopted December 23, 1954, is rescinded hereby.
FOR APPROVED i
,,
-�:G�
Asst. Corporation Cou se1
J1�1� � .'� �.9��
COUNCILMEN Adopted by the Council 19.—
Yeas Nays`�
Carlson ,ia�:;d a � '. �.�1��
Dalglish Approved 19.�
Holland �
jn Favor �
Meredith
P�eterson J ������ Mayor
Tedesco AS$�gt
.:�,:.� PUBLISHE� �AN 2 7 196�
� �.a:......::-.3:.'e.4;�..,e:
� Mr.�Vice�Presiclent (PFte��<;on)
�22
�"•�"'''�`�°•"�"�°` CITY OF ST. PAUL counc.�� ��� `�.lc,)
OFFICE OF THE CITY CLERK F'�E NO
' COUNCIL RESOLUTION—GENERAL FORM
/RfdENTED�Y
COMMISSIONER DATE ._
i�tER,�l�, It i� ths sxpre��ed polioy rt tbe City Cau�toil
t� ks�p �a��st�d nny eurplus oaeh in ths General l�iad whiob ie
sat required for. i�e�+diately toresesable eapeaditures tor Cfty :
purp�sea� sa�d invsat�ent to ba a�ade tn IInited Statee �i�sves�n�-
aost Bonds or say interest bearing obli�stions oY th� Unitod
Statee, in. s#rio� aocordance with tha autboris�tlon �ran��A to
tntr��t •aid fnnd� in suoh sect�itiee, as pr+�vided by Minao�ota
statntee. 486,18, and np+�n r•e�radation o! the Sinking l�ad
C��aittee; no�r, there�+are, be it
_ A�SOLYED� That the City Treasr.rer� �ith the approrral �i
the City Co�ptro�ler, under I�L�.na�tsota 8tatute� h86.i8, fa h�r�by
sutho�ri�ed sud direote8 to invsst ax�y ruoh innds as b�rsinabavs
reierrsd to, in bo�►de or ��Char lnter��t bearin►� obiisa�ia�as •Y .
th� IInit�d Btate�r oi Ausrioa, �aid bonda or obllgati��s to bs
p��n►bi� in nst t+� vzceed an� yoa�� snd said o=iicerf sre :tarther
suthsri�ed t• sal�. suoh sbl#.�atic�as, s�► puro2�s��d, at any i�iss
tihi�.e sa�e are s� held tiy tbs City, in ths e�rsat that th• as�rahnr
�o �aYe�t.ad are n�eded ier a�endi�ur�s tt� b� �oade b�r the Cit�;
b• 1�
F�'RTHSA ItE34LVBD, That ro�oluti�n ot ths ��unoil„ C. F.
No. 1713�6� ad�pt+�d D�oe�ber 23* �95�� is !l�oiad�d b�"s1�.
COUNCILMEN Adopted by the Council �a� 2 3 196819—
Yeas Nays
Carlson JAN 2 3 1968
Dalgliah Approv�ci 19.._
Holland
Favor
Meredith
Mayor
Pe�e�se�- � A��,t
Tedeaco
�:.. �:!?!"t
�,VIr. Vice�President (Peterson)�
°�'�
�