221509ORIGINAL TO CITY CLERK 221509
CITY OF ST. PAUL COUNCIL NO-
c� OFFICE OF THE CITY CLERK FILE
COUNCIL RESOLUTION — GENERAL FORM
PRESENTED BY (AAL �11-
COW ISSIONEe DATE
RESOLVED, That the Council of the City of Saint Paul
hereby approves:
"A BILL FOR AN ACT RELATING TO THE CITY OF SAINT
PAUL; AUTHORIZING THE INVESTMENT OF MUNICIPAL
FUNDS IN BANK SAVINGS CERTIFICATES."
and recommends the same to the Ramsey County Senate and House
delegations.
JAN 151
COUNCILMEN Adopted by the Council 19—
Yeas Nays JAN 151965
Dalglish
Holland Approve 19—
Loss
Tn Favor
Meredith
Peterson O A0tjjW Mayor
u ^ - -- Against
oac�s•cri -� JAN 2 3 1965 PUBLISHED'
Mr. Vice President (Rosen)
10M 6.62
OU►LICAT[ TO HUNTQR 22509
CITY OF ST. PAUL COUNCIL NO `/
OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION — GENERAL FORM
PRESENTED BY
COMMISSIONER DATE —
RESOLVED That the Council of the City of Saint Paul.
hereby approves:
"A BILL FOR AN ACT RELATING TO THE CITY OF SAINT
PAUL; AUTHORIZING THE INVESTMENT OF MUNICIPAL
FUNDS IN BANK SAVINGS CERTIFICATES."
and redommends the same to the Ramsey County Senate and House
delegations.
0
COUNCILMEN
Yeas Nays
Dalglish
Holland
Loss
Meredith
Peterson
Elccsident� u1�vAt411d1�
loVI.44jce P,' —Ivnt (Rosen)
In Favor
O Against
JAN 151955
Adopted by the Council 19.—
JAN 151965
Approved 19—
Mayor
�2-24_64
C.. Bii!
A -ILL FOR AN ACT
RELATIAG TO THE CITY OF SAINT PAUL; AUTHORIZING
THE INVESTMENT OF MUNICTPAL FUNDS IN BANK SAVINGS
CERTIFICATES.
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
10 09
Section 1. Notwithstanding the provisions of any statute of
this state or the charter of the city of Saint Paul to the contrary,
said city is hereby authorized to invest any municipal funds not
presently needed for other purposes in bank savings certifica-ces
issued by national banks.
Sec. 24 Investments of such municipal funds shall be made by
the officers controlling their disposition. This section is
supplemental to any other statute or charter provision rela':4.n.g
to disposition or administration of municipal funds and s::yersedes
such provisions only to the extent that said provisions restrict or
prohibit investments now authorized by law.
Sec. 3. This act shall become effective only after its
i
approval by a majority of the governing body of the city 3_.int
Paul and upon compliance with the provisions.of Minnesota Statutes,
Section 645.021.