CCMin_57Jan9 - Laserfiche WebLink

Home Browse Search

6 c~ Bank Depository The follo*ri.ng resolution Was moved by Shavor, seconded by Nilsen and adopted unanimously: RESOLVED, That Falcon Heights State Bank of Falcon Heights, Minnesota, be and hereby is designated as a depository for the funds of the Village of Falcon Heights, and that the Village Treasurer is authorized to deposit village funds therein to the amount of forty-five thousand dollars (~l~5,~.~)• RESOLVED FURTAF~t, That the present collateral furnished by Falcon Heights State Bank consisting of forty thousand dollars ($l~0,000.00), face value of U,S. Government obligations accompanied by an assign- went providing that in case of default on the part of Falcon Heights State Bank the council has full polder 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: William R. Utecht, Mayor; Clyde J. Stewart, Clerk; and William 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 attorneys Nilsen moved that Briggs, Gilbert, Morton, Kyle and Macartney, of St Paul, be engaged as our Village attorneys for the year 1957. Secorxied by Shavor and motion carried unanimously. Posting places On motion by Shavor, seconded by Nilsen, the following posting places Were designated for 1957 (1) Blomberg's Store, Iowa and Hamiine Avenues (2) National Tea Store, Larpenteur ar~d Snelling Avenues (3) Ealcon~Heigflts Pharmacy, Snelling and Larpenteur Avenues Council meetings On motion by Nilsen, seconded by Shavor, it Was voted unanimously that beginning January 21~, 1957, that regular meetings of the council be held on the second and fourth Thursdays of each month, in the Village Hall, beginning at 7:3O P.M., With adjournment at 11:00 P.M., with the provision that if the meeting date falls on a legal holiday that the meeting be held on the°next secular day.' Safety deposit Warkentien 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. Secorrled by Utecht and motion carried unanimously. Village Assessor Shavor moved that the council recommend the appointment of George Townsend as Village assessor and that the County Assessor's office be so advised. Seconded by Nilsen and motion carried unanimously. Building Inspector- Nilsen moved the appointment of Nick Christensen as Building Street Commissioner Inspector and Street Commissioner for 1957• Seconded by Stewart and motion carried unanimously.