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Resolution 1849
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Resolution 1849
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7/8/2008 7:46:06 AM
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<br /> ... - <br />-' ~. <br /> RESOLUTION NO. 1849 <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 Brighton <br />as depository of the public funds of the City of New Brighton has <br />heretofore been authorized, and <br />WHEREAS in consideration of its designation as depository of <br />public funds of the City of New Brighton, The First State Bank of <br />New Brighton executed an agreement, approved by the City Council <br />of New Brighton by Resolution No. 1833 which assigned, transferred <br />and set over to said City certain securities of the total market <br />value of $1,650,000, and <br />wHEREAS an additional assignment of securities,reflects the <br />following pledged securities of a total amount of $2,150,000 <br />$200,000 Federal Land aanks Due 1-23 -78 <br />$200,000 Federal National Mortgage 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 Federal Home Loan Banks Due 2-27-78 <br />$300,000 u. S. Treasury Notes Due 3-31-78 <br />$3001000 U. S. Treasury Notes Due 2-15-82 <br />$200,000 u. S. Treasury Notes Due 12-31-80 <br />$300,000 U. S. Treasury Notes Due 11-30-78 <br />NOW THEREFORE BE IT RESOLVED; That the city Council of New <br /> . "1,.' L <br />Brigh1;:.on approves a new ,agreement including the securities herein <br />specified, and the assignment thereof. <br />Adopted this 22nd day of Februqry ,.197 7 <br />ATTEST: t? ,&-I'YYl/~~P"" <br /> Mayor <br /> 11 -, <br /> . ,'~l 1// ~ ,';'-.'")/ A <br /> ~/)U:7Ii/~~ <br />. 7.~.eJ2.e,---, Thomas F. Lewcock, Manager <br />Vernon C. Pederson; Clerk-Treasurer <br />( SEAL) <br />
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