209601ORIGINAL TO CITY CLERK
CITY OF ST: ,PAUL
OFFICE OF THE CITY CLERK
COIL RESOLUTION — GENERAL FORM
FILE NO.
NOS
RESOLVED, that the proposed substitution of:
U�y - "f100M U. S. Treasury Bond - 2 1/2% of
August 15, 1963 - Bond No. 7081"
f or
"U. S. Treasury Bond, No. 14550 - $100M
of 3 5/8% - November 15, 1967"
as collateral security for deposits of public funds of the
City of Saint Paul with Northwestern State Bank, of
St. Paul, Minnesota, hereby is authorized and approved,
such to be done in conformance with the applicable statutes
of the State of Minnesota and subject to the following
conditions: That such substituted securities, at the
time of such substitution, shall have a market value
sufficient, together with the market value of the ori-
ginal collateral securities for said purpose, if any,
for which -sz,nb. substitution is made, equal to $110 for
every $100 of deposits of public funds of said City
with said bank and that the holder or custodian of such
collateral securities, on the day of such substitution,
shall forward by registered or certified mail to the
Comptroller of said City of Saint Paul and said depository
bank a receipt specifically describing and identifying
both the collateral security so substituted and those
released and returned to said depository bank.
COUNCILMEN
Yeas Nays
Dalglish
Holland
Loss -
Mortinson -
Peterson
Rosen
Mr. President, Vavoulis
lOM 8-82
Council File No. 209801 —By James J.
Dalglish-
#7Resolved, That the proposed substi-
tution of:
t• "$100M U. S. Trgasury Bond -2%% of
August 15, 1983 —Bond No. 7081" '
for
"U S. Treasury Erne, .No. `' " ��J
$1 • •T bf 3${1 % —Y .l 1, .� "'
• 5 {� 'an 'cam tll ". :,� ... ,.Y'�..i�
fld.Bi1�.. . ......_..._.... ' lsJ
easaaa -`10 i wop% 3a.' y i• etr a r ` .f-
/ �-
V (/
In Favor
Against
OCT 19 1952
Adopted by the Council 19—
OCT 19 1964