Laserfiche WebLink
<br /> .... ... <br /> ,,---- - <br /> , i <br /> . ....-: ,( <br /> RESOLUTION NO. 1.677 <br /> STATE OF MINNESOTA <br /> COUNTY OF RAMSEY <br /> CITY OF NEW BRIGHTON <br /> RESOLUTION APPROVING AGREEMENT AND SUBSTITUTION OF SECURITIES <br /> ASSIGNED TO CITY OF NEW BRIGHTON BY PUBLIC DEPOSITORY <br /> WHEREAS designation_ of the First State Bank of New Brighton <br /> as depository of th~' pti:blipfUnds., QI ~ the City of New Brighton <br /> ~' " ,. '"',", , '~ <br /> has heretofore been authorized, and' <br /> 1~ ,'.~ " , j <br /> WHEREAS,in consideration of its designatipn as depository <br /> of public funds of the City df New Brightoh, the First State <br /> Bank of New Brigpton _exec~ted agreement, approved by the City <br /> Council'of New, Brighton by ReS!~luto.on No. 1504, which assigns, <br /> transfers, and sets over to said City certain securities of the <br /> total market value of $650,000, and <br /> WHEREAS a new assignment of securities reflects the <br /> substitution of the following pledged securities of a total <br /> amount of $850,000: <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 /> NOW THEREFORE BE IT RESOLVED, That the City Council of <br /> New Brighton approves the agreement, a copy of wbich is <br /> attached hereto and made a part thereof, the securities therein <br /> specified and the assignment thereof. <br /> Adopted this 25th day of February, 1976 <br /> " - <br /> ATTEST: <br /> ~-4)~ ,r. <br /> / ., <br /> /) *-P~ <br /> /, .~ <br /> ,~_.. j,'~ LL-' --=- <br /> Vernon cl Pederson, Clerk-Treasurer Thomas F. Lewco k, Manag,=r <br /> (SEAL) <br /> .r;~ <br />