195975ORIGINAL TO CITY CLI�RIE
PRESENTED
COMMISSION
19
v 5975
CITY OF ST. PAUL COUNCIL NO.
OFFICE OF THE CITY CLERK Coumcil File No. 19s975— By Mrs. Donald
COUNCIL RESOLUTION— GENERAL FORM R olved, By
Resolved, By the Council of the
/// City of Saint Paul, that said Council
A ( hereby approves and concurs in the
� ,� 1,y � action of said City's Sinking Fund
DATE Committee under the latter's motion
% adopted the 19th day of Februarv. 1980.
PMOLVED, by the Council of the City of Saint Paul, that
said Council hereby approves and concurs in the .action of said City's
Sinking Fund Committee under the latter's motion adopted the 19th day
of February, 1960, granting, subject to such approval and concurrence,
The First National Bank of Saint Paul leave to withdraw from the Federal
Reserve Bank of Minneapolis, the custodial depository of the same,
$5,000,000 2 1/8% U. S. Treasury bonds of 1960, dated August 15, 1954,
,due November 15, 1960, now held by said Federal Reserve Bank of
Minneapolis as collateral security for deposits of said City of Saint
Paul in The First National Bank of Saint Paul, and to substitute for
such withdrawal $5,000,000 2-21% U. S. Treasury bonds of 1963, dated
December 15, 1954, due.-August 15, 1963, for the same purposes ,and
,subject to the same conditions;
RESOLVED FURTHER, that such leave to withdraw is granted
aubject to such substitution to be made concurrently therewith; that
this resolution shall suffice as authority therefor, .and said City's
Commissioner of Finance is authorized to deliver a certified copy of
this resolution together with said Commissioner's letter of the same
import granting leave for such withdrawal subject to such concurrent
substitution, such substitution to be made by the deposit with said
Federal Reserve Bank of Minneapolis of such aforesaid substituted
securities, in lieu of those withdrawn hereunder and for the same
purposes and subject-to the,same conditions.
COUNCILMEN
Yeas Nays
DeCourcy
Holland
Martinson
Peterson
Rosen
Winkel
Mr. President, Dillon
SM 7 -59 QW8
l
r
1
Y '
2 319�Q
Adopted by the Council E B 19
FEB 2 3 1960
Approved 19
r
Mayor
DUPLICATE TO PRINTgR-• "
CITY OF ST. PAUL
OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION - GENERAL FORM
PRESENTED BY
COMMISSIONER DATE
COUNCIL NO. a_ 5975
FILE
RFSOLVED, by the Council of the City, of Saint Paul, that
said Council hereby approves and concurs in the action of said Cityta
Sinking Fund Committee under the latter's motion adopted the 19th day
Of February, 1960, granting, subject to such approval and concurrence,
The First National Bank of Saint Paul leave to withdraw from the Federal
Reserve Bank of Minneapolis, the custodial depository of the same,
$5,000,000 2 1/8% U. S. Treasury bonds of 19600 dated August 15, 1954,
due November 15, 1960, now held by said Federal Reserve Bank of
Minneapolis as collateral security for deposits of said City of Saint
Paul in The First National Bank of Saint Paul, and to substitute for
such withdrawal 15,000,000 2�,% U. S. Treasury bonds of 1963, dated
December 15, 1954, due August 15, 1963, for the same purposes and
subject to the same conditions;
RESOLVED FURTHER, that such leave to withdraw is granted
subject to such substitution to be made concurrently therewith; that
this resolution shall suffice as authority therefor, and said City's
Commissioner of Finance is authorized to deliver a certified copy of
this resolution together with said Commissioner's letter of the s me
import granting leave for such withdrawal subject to such concurrent
substitution, such substitution to be made by the deposit with said
Federal Reserve Bank of Minneapolis of such aforesaid substituted
securities, in lieu of those withdrawn hereunder and for the same
purposes and subject to the s=me conditions.
COUNCILMEN
Yeas Nays
DeCourcy
Holland
Martinson
Peterson
Rosen
Winkel
Mr. President, Dillon
5M 7 -59 �8
Adopted by the Council FEB 2 3 ISO 19
FEB 2 31SS0
Approved 19
Tn Favor
Mayor
�gainat