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2501. <br />RI{~OLVED that the Falcon Heights State Bank of <br />Falcon Heights, Minnesota be and is hereby designated <br />as a depositor-,~ for the funds of the Village of Falcon <br />Heights and that the Village Treasurer is ~athori.zed to <br />deposit Gen©ral Village Funds. therein to the amount of <br />forty-five thousand dollars (~t~5,000). <br />¢ k RESOLVED FURTHER that the present collateral furnished <br />~,~ ~"a b~ the Falcon Hei hts State Bank consisting of forty <br />thousand dollars ~~1t0,000) face value of U. S. Government <br />` ~ Obligations accompanied by an assignment providing that in <br />~~ case of default on the part of the Falcon Heights State <br />~ Bank, the Council has full power and authority to seal <br />b the collateral or so much as may be necessary to realize <br />-" ~~ the full amount due the municipality, is hereby approved, <br />~ f ~~ said collateral having a market value in excess of 10,E over <br />the amount of the above authorized deposit in excess of the <br />I,^ amount guaranteed by the Federal Deposit Insurance Corp- <br />/~ oration. <br />RESOLVED FURTHER that checks of the Village of Falcon <br />Heights drawn upon. the said bank account shall be honored <br />by said bank only if signed by the Mayor, the Clerk and <br />the Treasurer of the Village of Falcon Heights, Minnesota. <br />RE50LVED FURTHER that this designation shall be <br />effective.. until the end of the present council year. <br />Upon a vote being taken, the resolution was declared <br />unanimously passed and. adopted. <br />Official Newspapers Moved by Stone, seconded by 'Black that the North Suburban <br />Newspapers be retained as the official legal newspaper for <br />19~» Motion was carried. <br />Posting Places: On motion by -~arkentien,"'seconded by Black and carried, th® <br />following places were designated as posting places: <br />(1) Blomberg~s Store - Iowa and Hamline Avenues., <br />(2) Falcon Heights Pharmacy - 1707 No. Snelling Aven ue. <br />(3) Applebatunts ~darket - 1558 hest Larpenteur Avenue, <br />(!~) Village Hall - 16la1~' ~7est Larpenteur Avenue, <br />Animal Controls Strandquist moved, seconded by Black that theB and E <br />Patrol be retained to furnish animal control servica_s. <br />b'lotion was carried. <br />Safe Deposit Box: Stone moved, seconded by 'r'+tarkentien to continue renting a <br />safe deposit box at the Falcon Heights State Bank. Motion <br />was carried. <br />Board of Health= Nilsen moved, seconded by Stone that ~2rs. Veronica K~elland <br />be appointed to the Board of Health for three years-, term <br />to expire December 31, 1969. Motion was carried. <br />Police Commissioner:ti~farkentien moved, seconded by Strandquist that Donald E, <br />Arndt be appointed Polic® Commissioner at a monthly salary <br />of X50.00. Motion tras carried. <br />