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1 ~~.~,. permitted by law, hsaing a market value of an amount at least ten per cent over the amount of the above authorised deposit. All such collateral shall be approved by the council and shall be aocompanied by an assignment thereof which shall provide that in casd of default upon the part of the depository the ocunci~ of the village shall have full power and authority to sell such collateral or as much as may be necessary to realise the ftiill amount due the municipality over suoh federal guarantee. This designation is effective until the end oP the present council year. Said resolution was adopted unanimously. RESOLUTION APPROVING COLLATER6L AND DIRECTING DEPOSIT OF SASE WITH THE FIRST NATION~J.. BANK OF ST PAUL In connection with the proposal by the Faloon Heights State Bank, adoption of the following resolution was moved by Henry, seconded by Lindig, and carried unanimously - RESOLVED, That the collateral as li sted in the custodian receipt, dated March 6, 1950; total, X20,000.00 of U.S.A. Treasury Notes, Series B-1951, be and it hereby is approved. RESOLVED ALSO, That the Faloon Heights State Bank is hereby directed to deliver the acid collateral to fhe First National Bank of St Paul for safekeeping, as listed in the custodian receipt dated March 6, 1.950, and that the Treasurer of the Village of Falcon Heights is hereby authorized to sign said custodian receipt and do anything necessary to release the deposits under the custodian receipt dated June 24, 1949. Adding machine The matter of purohasing a new or used adding machine for the for clerk, clerk was discussed. Henry suggested that he would contact one or more adding maohine people to see what they could offer. Fire Chief's Reporting for the committee appointed to consider the Fire Chief's salary and salary and allowances, Shavor stated that the Fire.Chief will pny allowances. for the apartment eleotric service, that he will use the public phone and pay the listing fee, that it was understood he would maintain the hall and grounds unless the hall is used to suoh an extent that it becomes neoessary to reconsider the matter. On the car allowance, it was thought that after s year perhaps Assistant Fire Chief Harold Imhoff should have some ad3ustment in his pay, and that the Fire Chief's car allowance should run until June of this year, at whioh time it was suggested that salaries of both Swanson and Imhoff be oonsidered As to linen service; Shavor said the committee felt that if we buy the linen for use of the Fire Department~nd expect the firemen to wash it, that a drier would be necessary, especially during the winter when the laundry could not be dried outside. Also if we furnish linen that a washer would have to be furnished, but that tho committee's recommendation in this connection is not final. Payment of Fire On recommendation of the committee, it was moved by Henry, seconded Chief's salary by Lindig, that the Fire Chief's semi-monthly salary check be drawn for $118.60 (125.00 lass X6.40 federal withholding. tax), with the understanding that the Fire Chief pay to the •illage #25.00 semi- monthly for his apartment. Carried.