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<br /> ,. <br /> 1 ~ <br /> "'j- -fIJIJ .. <br /> ft RESOLUTION NO. 1699 <br /> STATE OF MINNESOTA <br /> COUNTY OF RAMSEY <br /> CITY OF NEW BRIGHTON <br /> RESOLUTION APPROVING AGREEMENT AND ADDITION OF SECURITIES <br /> ASSIGNED TO CITY OF NEW BRIGHTON BY PUBLIC DEPOSITORY <br /> WHEREAS designation of the First State Bank of New <br /> Brighton as depository of the public funds of the City of New <br /> Brighton has heretofore been authorized, and <br /> WHEREAS in consideration of its designation as depository <br /> of public funds of the City of New Brighton, the First State <br /> Bank of New Brighton executed agreement, approved by the City <br /> Council of New Brighton by Resolution No. 1677, which assigned, <br /> transferred and set over to said City certain securities of the <br /> total market value of $850,000, and <br /> WHEREAS an additional assignment of securities reflects <br /> the following pledged securities of a total amount of $1,050,000 <br /> $200,000 Federal Land Banks Due 1-23-78 <br /> $200,000 Federal Nat. Mort. Assoc. Due 3-10-78 <br /> $200,000 Federal Home Loan Banks Due 5-25-79 <br /> $ 50,000 Federal Home Loan Banks Due 11-26-79 <br /> $200,000 U.S. Treasury Notes Due 12-31-77 <br /> $ 200,000 F,edera1 Home Loan Banks Due 2-27-78 <br /> NOW THEREFORE BE IT RESOLVED, That the City Council of <br /> New Brighton approves the agreement, a copy of which is attached <br /> hereto and made a part thereof, the securities therein specified <br /> and the assignment thereof. <br /> Adopted this 13th day of April, 1976 <br /> -, c?4/)?1d-A c:&~/ <br /> Bromander, Mayor <br /> ,~ <br /> /--~ <,~,t/c~,J- <br /> ATTEST: F. Lewc ck, Manager <br /> ~e.W1~ <br /> Vernon C. Pederson, Clerk-Treasurer <br /> (SEAL) <br />