212685ORIGINAL TO CITY CLERK r � tJ$LiSIIED 2126 85
CITY OF ST. PAIL COUNCIL
OFFICE NO. _
OFFICE OF THE CITY CLERK
CO CIL RESOLUTION — GENERAL FORM til File No. 21ZSBS —B,, Severtn
xortinson-
PRESENTED BY =esp a ae matter of the group
COMMISSIONER DATE rl 'C'ty em oyeesa g onp for
r policies with The Mine-
�,z -� l Life Insurarl ;1oZI npsar,
'll8tle7k` s No. 365w'T LRSk'G1. °'PL
—via& "bT
1
WHEREAS, in the matter of the group insurance program
now established for Saint Paul City employees group insured under
policies with The Minnesota Mutual Life Insurance Company, insurer,
policy No. 365379-G,, in effect prior to March 1, 1963, dividends
have accumulated in the amount of $26,955.60 by reason of favorable
mortality experience during the past several years; and
WHEREAS, the Council, by motion adopted May 9, 1963,
determined that a part of such dividends would be paid to those
persons covered under the employees group who were premium - paying
insured on February 28, 1963, and on March 1, 1963, and who had
been continuously insured for six months prior to March 1, 1963;
now, therefore, be it
RESOLVED, effective March 1, 1963, that 30 per cent
of the annual premium paid by each insured during the policy year
March 1, 1962, through February 28, 1963, the total amount of all
such refunds to eligible City employees being in the approximate
amount of $14,500.00, be returned to those employees described
in the preceding paragraph of this Resolution, such distribution
to be made by The Minnesota Mutual Life _Insurance Company as
soon as conveniently possible; and be it.
FURTHER RESOLVED, that the City Clerk be and she is
hereby directed to prepare a certified copy of this Resolution
and deliver the same to The Minnesota Mutual Life Insurance
Company without unnecessary delay.
COUNCILMENs-
Yeas Nays
Dalglish
Holland
Loss
Mortinson
_ Pet% _-
Rosen
Mr. President, Vavoulis
10M 6-62
l
Mpg 10 1963
Adopted by the Council 19—
MAY 10 1M
Approved 19-
n Favor
Against Mayor
t"
_: _ `� • MF+y lU� 1963 ,
.: - 7v _ -• ,- - ., - <, . �• .c. T �. - J - Y' -- a .. • • - -` - ' a Y ' - ` _ ' _• -
Minnesota Mutual U Insurance Co.', _
345 Cedar-' Street,_ St.-Paul. 1. Minn.
:. Oentlement -
�' Enclosed Is a oertified copy 'ot , a Resolution Co _ File > =
212685 adopted by_the Saint Paul City Counaaday cancerni g he ;
PRymnt" of a-dividend under your p6liay ..(} .
-_ ' - •� = City Cl6rk .
= r•0. '- _ _ '^ ` ^ _ -' _ - . v -. '_.• 1, •_ -`y •Y F '• , `^ - f _ _ ` A "