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..~ Bank Depository RESOLVED FURTHER, That the present collateral furnished by (cont'd) Falcon Heights State Rank consisting of forty thousand dollars (~1a0,000,00), face value, of U.S. government obligations, accompanied by an assignment providing that in case of default on the part of Falcon Heights State Bank the council has full power and authority to sell the collateral or so much as may be necessary to realize the full amount due the municipality, is hereby approved, said collateral having a market value in excess of 10~ over the amount of the above authorized deposit in excess of the amount guaranteed by the Federal Deposit Insurance Corporation. RESOLVED FURTHER, That checks of the Village of Falcon Heights drawn upon the said bank account shall be honored by said bank only if signed by all three of the following: .Robert E. Stenzinger, Mayor; Clyde J, S+,,ewart, Clerk; and bdilliam E. Olsen, Treasurer. RESOLVED FURTHER, That this designation shall be effective only until the end of the present council year, and. that a copy of the resolution duly certified by the Clerk be delivered to the Falcon Heights State Bank. Village Attorney Stenzinger moved that the firm of Briggs, Gilbert, Morton, Kyle and ?.tacartney, of St Paul, Minnesota, be engaged as attorneys for the Village for 19511. Seconded by Stewart and carried unan imously. Posting Places On motion by Cartwright, seconded by Shavor, the following posting places were designated for 19511: (1) Blomberg's Store, Iowa and Hamline avenues (2) National Tea Store, Larpen±eur and Snelling avenues (3) Gibbs School, Cleveland and Larpenteur avenues Council Meetings Hustrulid moved that regular meetings of the council be held on the second and fourth Wednesdays of each month, in the '" Village Hall, peginning a t 7:30 P.M., with provision that if the meeting date falls on a legal holiday that the meeting be held on the next secular day. Seconded by Stewart and carried unanimously. Safety Deposit Stewart moved that the Village continue renting a safety deposit box box at the Falcon Heights State Bank at a rental of X5.00 per year. Seconded by Cartwright and carried unanimously. Village Assessor On motion by Shavor, seconded. by Hustrulid, it was voted unanimously to recommend William Torgerson as Village Assessor for 1951. Street Commissioner Stenzinger moved appointment of G.S. Seaborn as Village Street Commissioner for 1951. Seconded by Cartwright,axct motion carried unanimously, and Seaborn declared duly appointed to office. Building Inspector On motion by Hustrulid, seconded by Cartwright, it was voted unanimously to appoint Nick Christensen to the office of Building Inspector for 1951. The Mayor then declared Christensen duly appointed Village Building Inspector.