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<br />. - , ~ <br /> . <br />.' <br /> . RES~LUTION NO. 1833 <br /> STAT~ OF MINNESOTA <br /> COuNTY OF RAMSEY <br /> CITY OF NEW BRIGHTON <br /> :mSOLUTION APPROVING AGREEMENT AND ADDITION OF SECURITIES <br /> .\SSIGNED TO CITY OF NEW BRIGHTON BY PUBLIC DEPOSITORY <br /> WHEREAS designation of the First State Bank of New Brighton <br /> ~s depository of the public funds of the city of New Brighton has <br /> :leretofore been authorized, and <br /> WHEREAS in consideration of its designation as depository of <br /> :?ublic funds of the City of New Brighton, The First State Bank of <br /> New Brighton executed an agreement, approved by the City Council <br /> "f New Brighton by Resolution No. 1699, which assigned, transferred <br /> :md set over to said City certain securities of the total market <br /> 'lalue of $1,050,000, and <br /> WHEREAS an additional assignment of securities reflects the <br /> following pledged securities of a total amount of $1,650,000. <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 Federal Home Loan Banks Due 2-27-78 <br /> $300,000 U. S. Treasury Notes Due 11-15-83 <br /> $300,000 U. S. ~reasury Notes Due 3-31-78 <br /> NOW THEREFORE BE IT RESOLVED, That the City Council of <br /> ,New Brighton approves a new agreement including the securities <br /> ~erein specified, and the assignment thereof. <br /> ;\dopted this 11th day of January, 1977 <br /> ;\TTEST: <br /> ~' 2 /~ <br /> ..... '?1JMt ~'C, 0 _ <br /> ~~~ Thomas F. Lewcock, Manager <br />, ;; '\lernon C. Pederson, Clerk-Treasurer <br /> , <br /> ,::SEAL) <br /> . <br />