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<br />, ,,;: i- <br />t, " ~ <br /> ~ <br /> RESOLUTION NO~, 397 - <br /> STATE OF MINNESOTA <br /> COUNTY OF RAMSEY <br /> VILLAGE OF NEW BRIGHTON <br /> RESOLUTION APPROV:r:NG .AGREEMENT AND SUBSTITUTION OF SECURITIES ASSIGNED <br /> TO VILLAGE OF NEW BRIGHTON BY PUBLIC DEPOSITORY <br /> WHlIREAS designation of the First state Bank of New Brighton as depository <br /> of the pUblic funds of the Villa.ge of New Brighton has heretofore <br /> been authorized: <br /> WHEREAS in eonsid.,ration of itvdesignation as a depository of public funds <br /> of the Village of New Brighton, the First State Bank of New Brighton <br /> executed Agreement, approved by the Village Council of New Brighton <br /> by Resolution No. 65-65 ~ which EBstgns, transfers, a nd sets over to <br /> said villa.~e certain securities of the totaltDarket value of $24~,OOO; <br /> WHEREAS ~~w assignment ofecurities reflects the substitution of $50,000 <br /> Federal Intermediate Credit Banks 4.40% due 2-1-68 for $~O,OOO Federal <br /> Intermediate Credit Batlks 5 7/8% due 5-1-67. <br /> N'OWTHEREFORE BE' IT RESOLVED that the Village Council of NewBrighton approves <br /> the agreement, a copy of which is attached hereto and made a part <br /> thereof, the securities therein specified and the assignment thereof. <br /> ,Adopted this 9d day of ~ ' 1967/ <br /> L(i.~ <br /> Mayor Ie <br /> __ ~0 <br /> ...- ""'A I <br /> ;""......~ .' . I <br /> ;/" . ,'i,-~' , , . <br /> ..:/.... <br /> ATTEST: , <br /> f/ <br /> tlJ1~W~ <br /> Clerk-TreasUrer ' <br /> ( SJUL) <br />