192209ORIGINAL;-TO CITY CLERK
CITY OF ST. PAUL
OFFICE OF THE CITY CLERK
C UNCIL RESOLUTION - GENERAL FORM
PRESENTED BY
COMMISSIONS DATE
19`209
COUNCIL NO
— .FILE._
Council File No. 192209 —By Joseph E.
Dillon, mayor —
whereas, In the matter'of the group
insurance program now established for
Saint Paul City employees group in-
sll ed under policies with The Minne-
in the matter of the group insurance program now established
for Sai t Pa City employees group insured under policies with The Minnesota
Mutual L nsurance Company, insurer, policy No. 365379 -G, in effect prior
to March 1, 1959, dividends have accrued in substantial amounts by reason of
favorable mortality experience during the past several years, and additional
insurance coverage has been afforded to such employees from and by the appli-
cation of such accrued dividends; and
WHEREAS. the Council, by motion adopted December 18, 1958, determined
that it would again authorize the use of such dividends for the payment of
additional extended Life insurance for each of the individual insured employees;
now, therefore, be it
RESOLVED, that approximately $15044•00 of such accumulated and
available dividends, effective as of March-1, 19599 be applied to the purchase
and payment of the cost of 4.0% additional paid up group term insurance for the
twelve month period beginning March 1, 19591, available to and for the benefit
of all such insured City employees and in respect of their several insurance
coverages as of said date and the next preceding date, February 28, 1959; and
be it
RESOLVED FURTHER, that the City Clerk
to prepare a certified copy of this resolution
Minnesota Mutual Life Insurance Company withou
COUNCILMEN
Yeas Nays
DeCourcy
Rolland
Mortinson
Peterson
Rosen
Winkel
Mr. President, Dillon
5M 5.58 doffiPo- 2
Favor
u
Against
tbe and he is hereby directed•
and deliver the same to The
unnecessary delay.
MAY x11959
3
Adopted by the Council 19 —;
MAY 71959 j!?
Approve 19-
111
ayor