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I I"'Y (,I' M(W'410�, VII W <br />, -it;: -- <br />I � ; , 1 4 � I, <br />OTATY CW <br />,z <br />RESOLUTION APPROVtNG PAY T"Ar- <br />FIRST STATE DANIK OF NEW 1ARJU111110H <br />WIIEREAS, the City Counci-L rur the CitY of Mounds View <br />Firrt <br />has dualyriated the L SLata Flai.k. of Naw brighLon; and <br />W"EAEAN, Minnesota Statutes 118.01 require that a <br />municipal depositoit, provide Becurit�e.-i; for collateral; and <br />4HEREAS, th@ First t$tate hAnk of New Orighton has <br />provided securities in the amount of tA4o miliion one hundred <br />ton and no/100 dollars lintcd on the attncho6 docliment <br />labeled Exhibit A; <br />NOW, THEREFORE, OF IT RESOLVED that the City Council <br />Of the City Of MOUndB View duthorizes its Clark-Aftinistrator <br />to approve and accept the securities provided by the First <br />T Adopted this Vth day of May, 1980. <br />4 <br />NFAYOr <br />clorx-AMInis �77 r <br />