Laserfiche WebLink
~s5~~ <br />Banking Depository Improvement No. 1, Sinking Fund Account' and funds <br />Resolution deposited 3.n said bank account may be withdrawn upon <br />checks signed by the Mayor, the Clerk and the Treasurer <br />(Sinking Fund of the Village of Falcon Heights, Minnesota. <br />Account) - contd. <br />RESOLVED ALSO, that before any deposits are made in said <br />bank in excess of the amount of such deposit guaranty by <br />the Federal Deposit Insurance Corporation, such bank shall <br />be required to supply collateral as permitted by law, having <br />a market value of an amount at least 10 per cent over the amount <br />of the above authorized deposit; and that all such collateral <br />shall be approved by the council and shall be accompanied by <br />an assignment thereof which shall provide that in case of <br />default on the part of the depository, the Council of the <br />Village of Falcon Heights shall have full power and authority <br />to sell such collateral or as much as may be necessary to <br />realize the full amount due the municipality from such <br />federal guarantees. <br /> RESOLVED FURTHER, that this designation is effective until <br /> the end of the present council year. <br />Cigarette <br />licenses On motion by Utecht, seconded by Warkentien, applications <br /> for licenses to sell cigarettes at retail for the year <br /> ending June 30, 1958, were approved for the following: <br /> Applebaum's Food Markets, Inc. <br /> P. C. Flaherty <br /> Lido Cafe <br /> Falcon Heights Cities Service <br /> Robert Blomberg <br />Gasoline Filling On motion by Warkentien, seconded by Nilsen, applications <br />Station licenses for licenses to operate gasoline filling stations for the <br /> year ending June 30, 1958, were approved for the following: <br /> Falcon Heights Cities Service (Leonard Troup) <br /> Shell Oil Company (Ernest C. McLane) <br />Off sale On motion by Stewart, seconded by Utecht, applications <br />beer licenses for "Off Sale" licenses to s ell non-intoxicating malt <br /> liquors at retail for the year ending June 30, 1958, <br /> were approved for the following: <br /> Flaherty Lanes <br /> Applebaum's Food Markets, Inc. <br /> Lido Cafe <br />On Sale beer On motion by Utecht, seconded by Stewart, application <br />license of P.C. Flaherty (Flaherty Lanes) for On Sale license <br />to sell non-intoxicating malt liquors at retail for the <br />year ending June 30, 1958, was approved. <br />