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Ayes-¢ DTays-0 <br />'t'he resoluti.ori tivas adopted. <br />1'he C1e:rk read the Sheriff°s :reporrt for the month of I~'eb.ruary. <br />'Phe Ca.erk presented the Village Police Officer°s :report For. Islarch. <br />`Che Clerk reported that L'he 'treasury totes came due i!iarch 23 and.P.4r.. Olson <br />of the first State Bank o.f Payne Avenue had advised that Government :Bonds that <br />paid 3f, o:r better, interest would have to be .purchased for a period of up 'to <br />9 to 10 years. 'the Directors of his banJs had authorized him to recommend to the <br />Council. that the $209000 be put in a Savings Account which could be withdravm <br />at anytime and they would pay 3~ interest9 compounded quarterly. '.Phe balk has <br />purchased y~509000 i.n Government :13onds9 deposited in the 7?irst National Bank of <br />St. Paul as security on the Village's deposit, covering both the checking and <br />savings accounts. After some discussion, the Co~ulcil agreed bh.a.t for. the b:irne <br />being, °,p209000 be deposited in a savings account. <br />T,'ir. Phil Chenoweth of hhlers-P~4ann and Associates, appeared before the Council <br />and stated that his firm is a 1~inancial Consultant for School. Districts and Villages. <br />`the Counci.7, advised him that at the present time the Vil:Lage of L9.ttle Canada has no <br />need fos• such ses•vices. <br />IIpon motion by Vitale9 seconded by liaclccr, the meeting adjourned at 9~ 0 P.Ni. <br />Attosts <br />tiespe tfully . ubmitted9 <br />_. ~; ~ /~~ <br />Clerk <br />i,4ayor <br />