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NOVA.?BER 2~.th, 1959.
<br />~~'Ieeting was called to order at 7.00 P. ?~/f. , t:he following Council P,;Sembers being
<br />present: Harold C. Nilsen, PJ?ayor; George Shavor, Trustee, ti~tillis ~".rarkentien,
<br />Trustee; Paul Coppini, Trustee. Also present were ~~m. E. Olsen, Treasurer; Nick
<br />Christensen, Building Inspector and Ethel E. ti"~hite, Deputy Clerk and Deputy
<br />Treasurer. Absents Wm. R. Utecht, Clerk,
<br />The ~dinutes of the regular meeting of November 12th were approved as submitted.
<br />Sinking Fund After discussion, it was moved by Shavor, seconded by Coppini
<br />and. unani~!ousl~y voted that, the following resolution be adopteds
<br />~u
<br />RESOLVED, that the proper officers of the Village be and they
<br />hereby are authorized and directed to invest up to X7,750. out of
<br />the Village of Falcon Heights Sanitary Sewer Sinking Fund in U. S.
<br />Treasury bills due Jur_e 22nd, 1960, and that after .these bills have
<br />been purchased that.. they be held in safekeeping by the First National
<br />Bank of St. Paul for the Village of Falcon Heights.
<br />Insurance The bids for insurance were opened and read as followss
<br />Bosshart-T?elson Agency, 614 Pioneer Bldg.., St. Pauli P~4innesota~
<br />W®~lcmen's Compensation Insurance. Cost with 525,000. under
<br />coverage B ~605,3l~ 1 yr,
<br />Current dividend. rate is 15~ of the earned premium, Company is
<br />the Iowa National ?~-~utual Insurance Company which have carr~.ed the
<br />coverage the previous 3 years.
<br />tirolfgram Agency, Inc., 309 Snelling Ave., St. Pauli !~, ?~.2lnnesotas
<br />or en s Compensation Insurance: Cost with 525,000, under
<br />coverage B ~605.3~ 1 yr.
<br />The current dividend rate of the Iowa ~iational ?"~utual Insurance
<br />Com-zany is 15~, This is payable to the policy holder regardless
<br />of losses.
<br />r;?utual Service Casualty Ins. Co., 1919 University ".ve., St, Pauli ~
<br />'T~nnesota:
<br />COP,'fPR:.HETdSTVE GE?~;ERAL LIABILITY IATSURAPvCE:
<br />100,000.00 to_3O0,OOO.OO ?3. I. and 10,000.00 P. D,
<br />1 year premium 5215.76
<br />3 year premium 676.8t~
<br />3 year premium payable in inst.allmentss
<br />1st year
<br />2nd year
<br />3rd year
<br />100,000.00/500,000.00 B, I. and.
<br />1 year premium
<br />3 year premium
<br />225.61
<br />225.61
<br />225,62
<br />25,000, 0o P, D,
<br />265.6?
<br />73~,5G
<br />3 year ~~°emium payable in install~!ents:
<br />1st year 2l.t1,.81~
<br />2nd year 21~1t.85
<br />3rd ,year.: 2111.85
<br />C0'~~PREHEPdSIVE AL'TO?~.~~BILE LIABILITY ITdSUFAA?CE:
<br />Total Liability one ,year premium 585,21-t
<br />Collision on 1959 Ford - ~°~0 deductible. 35,80
<br />1 ve ~r premium s tatted amount combre?~ ens i ve 99, 97
<br />Fire, Theft and wind on 19l~2 GT.~C tank truck 7'20
<br />-~..,.
<br />728.21
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