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<br />RESOLUTION NO.. 764 ,. "\ ,
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<br />STATE OF MINNESOTA
<br />" .: ' COUN' /tk1'{OF .....,,; .J/~'CIv", '0',; ,..,..
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<br />VIi:.IAGEOF NEw BRIGHTON '" ",'
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<br />,. RESOLUTION APPROVING AGREEMENT AND SUBSTITUTION OF SECURITIES
<br />ASSIGNED TO VILLAGE OF NEW BRIGHTON BY FuBLIC DEPOSITORY
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<br />WHEREAS designation of the First State Bank of New Brighton
<br />:,' as depository of the public funds of the Village of New Brighton
<br />ha~ heretofore be~n authorized# and
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<br />. WHEREAS in consideration of its designation as depository of
<br />publIc funds of the Village of New Brightlon, the First State Bank
<br />of New Brighton executed agreement, approved by the Village Council
<br />o:fNew Brighton by Resolution No. 65-65, which assigns, transfers, ,
<br />and sets over to said Village certain securities of the total
<br />market value?f $245,000, and
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<br />WHEREAS the First State Bank of New Brighton has executed an
<br />_amended agreement which assigns, transfers and sets over to said
<br />Village certain securities of the total market value of $445,000,
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<br />WHEREAS a new assignment of securities reflects the following
<br />pledged seourities:
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<br />(> , $445,000 Federal Intermeqiate Credit Banks Due 7/1/70
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<br />NOW THER$FOR$.~BE IT RESOLVED, That the Village Council of
<br />,New Brighton approve the agreement, a copy of which is attached
<br />hereto' and 'made a part thereof, the securities therein specified
<br />and the assignment thereof.
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<br />Adopted this 13th day of January 1970
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<br />ATTEST:
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<br />, Ga e C. Bromander, Mayor
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<br />" ~ver:n6n pedetsopi Clerk
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<br />(SEAL)
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