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<br />RESOLUTION NO. 629
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<br />STATE OF MINNESOTA "
<br />~C~pN~ OF; RAMSEY, (:"
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<br />",,' VILLAGE OF NEW BRIGHTON
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<br />, RESOLUTION APPROVING AGREE11ENT AND SUBSTITUTION OF SECURITIES
<br />ASSIGNED TO, VILLAGE OF N&1 BRIGHTOrr B;Y PlJBLIC D~SITORY
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<br />'..JEEREAS designation of the First State Bank of New Brighton as de-
<br />pository of the public funds of the Village of Hew Brighton
<br />, , , ,has heretofore been authorized:
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<br />,,' ,.\ 'mEREAS in consideration of its designation as depository of public
<br />4 funds of the Village of New Brighton, the First State Bank
<br />',.' , of New Brighton executed agreement, approved by the Village
<br />< Council of New Brighton by'Resolution No. 65-65, which assigns,
<br />transfers, and sets over to eaidVillage certain securities
<br />.'q of the total market value of $245,660:
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<br />'. :fffERE!S a new assignm.nt of securities reflects the following pledged
<br />securities:
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<br />$50,000 Federal Inte~ediate Credit Banks Due 8/4/69
<br />, ,. $50,000 u. S. TreasUry Notes 5/l5/7l
<br />f75,OOO U. S. Treasury Notes ll/15/70
<br />$25,000 U. S. Treasury Notes lO/1/69
<br />$45,000 U. S. ~easury Notes ll/15/70
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<br />"" ~i[OW THEREFORE 'BE IT. RESOLVED that thE:! Village Council of New Brighton'
<br />approves ,the agreement, a copy. of which is attached bereto and made
<br />\ a part thereof, the securities therein specified and the assign-
<br />, ,ment thereof.
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<br />, iidopted th1s12th day of November, 1968 Jhdtf tl~
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<br />Mayor
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