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<br />Bills (cont'd
<br />Thorne Coal & Oil, fuel vil bal., Dec. 31, X127.65
<br />Walter S. Booth & Son, 100 verified acct. forms, X15.65
<br />Bri~~s. Giit~rt ~"~°' '` ' '` ~°~~^-~h„v, , legal services,Dec., .150.
<br />Falcon Hts State Bank, safety deposit box rental to Jan.'S7,~5.00
<br />Miller Davis Co., supplies, Treas., 12-5, ~6.5t~
<br />NW Bell Telephone Co., Mi It-5050, Jan. 1, $15.00
<br />Padwal Elec. Co., wiring warming house,labor & matls., $76.90
<br />To1tz,King & Day, sanitary sewer engr. services, Oct. X113.96
<br />Kenneth P.Shellum, skating rink superv'n., to 1-11, X65.70
<br />Thorne Coal & Oil Co., oil for farming house,50 gal drum,$21.50
<br />Vol. firemenservices,flooding skating rinks
<br />on other than drill time, $6?~.00
<br />Stan Seaborn, expenses, Str. Comr., Jan-July 1955, 9678.00
<br />Ramsey Co. Treas., street work, Dec., $636.61
<br />Skating Cartwright reported that the completed skating rink at
<br />rink the Falcon Heigh is grade school is being used more than
<br />expected and that the Volunteer firemen Have been very
<br />helpful in keeping the rink flooded.
<br />Acting Mayor Nominations for the office of Acting Mayor for 1956 were
<br />called for. George Shavor was nominated, There being no
<br />further nominations, George Shavor was declared duly appointed
<br />to the office of Acting Mayor for 1956.
<br />Bank Depository
<br />The followi ng resolution was moved by Cartwright, seconded
<br />by Shavor and adopted unanimously:
<br />RESOLVED, That Falcon Heights State Bank of Falcon Heights,
<br />Minnesota, be and hereby is designated as a depository for
<br />the funds of the Village of Falcon Heights, and that the
<br />Village Treasurer is authorized to deposit village funds
<br />therein to the amount of forty-five thousand dollars (~1t5,000.00).
<br />RESOLVED FURTHER, That the present collateral furnished by Falcon
<br />Heights State Bank consisting of forty thousand dollars
<br />(~1~0,000.00), face val ue, of U.S. government obligations,
<br />accompanied by an assignment providing that in case of default
<br />on the part of Falcon Heights State Bank the council has full
<br />power and authority to sell the collateral or so much as may be
<br />necessary to realize the full amount due the municipality, is
<br />hereby approved, said collateral having a market value in excess
<br />of 10~ over the amount of the above authorized deposit in excess
<br />of the amount guaranteed by the Federal Deposit Insurance
<br />Corporation.
<br />RESOLVED FURTHER, That checks of the Village of Falcon Heights
<br />drawn upon the said bank account shall be hoaored by said bank
<br />only if signed by all three of the following: William~~ Utecht,
<br />Mayor; Clyde J. Stewart, Clerk; and William E. Olsen, Treasurer.
<br />RESOLVED FURTHER, That this designation shall be effective
<br />only until the end of the present council year, and that a copy
<br />of the resolution duly certified by the Clerk be delivered to
<br />the Falcon Heights State Bank.
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