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<br /> RESOLUTION NO_! 711
<br /> STATE OF MINNSSOTA
<br /> COUNTY OF RAMSEY
<br /> VILLAGE OF NEW' BRIGHTON
<br /> RESOLUTION APPROVING AGREEMENT AND SUBSTITUTION OF SECURITIES
<br /> ASSIGNED" TO VILLAGE OF NEW BRIGHTON BY PUBLIC DEPOSITORY
<br /> WHEREAS designation o~ the First State Bank of New Brighton
<br /> as depository of the public: funds of the Village of New Brighton
<br /> has heretofore been authorized:
<br /> WHE,REAS in consideration of its designation as depository of
<br /> , .. public funds of ~he Village of New Brighton, the First State Bank
<br /> of New Brighton executed agreement~ approved by the Village
<br /> .Courmil of New Brighton by Resolution No. 65-66, which assigns,
<br /> 'transfers, and sets over to said Village cert~in securities of
<br /> ,the total market value of $245,000; .
<br /> '., . WHEREAS a new assignment of securities reflects the following
<br /> pledged securities:
<br /> $50,000 FederaL tntermediateCredit Banks Due 5/4/70
<br /> $50,000 U.S. Treasurf Notes 5/15/71
<br /> $75,000, U.S. Treasury Notes 11/15/70
<br /> $25,000 U.S. Treasury Notes 10/ 1/69
<br /> $45,000 U.S. Treasury Notes 11/15/70
<br />.'"< NOW THEREFORE BE IT R:&SOLVED, Tnat 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 12th day of August, , 1969.
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<br /> Donald A. Anderson, Mayor
<br /> ATTEST:
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<br /> Vernon pederson, Clerk
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