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a <br />1' ✓ <br />qL <br />TO: Mayor S Council <br />FROM: Finance Director -Treasurer Brager <br />DATE: September 21, 1982 <br />RE: PROPOSED RESOLUTION ACCEPTING A PLEDGE OF SECURITIES <br />Attached is a proposed resolution accepting a pledge of securities <br />from the First State Bank of New Brighton in the amount of <br />$2,690,000.00. The bank, is proposing deletion and substitution of <br />pledged securities. This is quite common and I recommend adoption <br />of the resolution. <br />DB/ds <br />Attachment <br />