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RESOLUTION NO. 1594 <br />CITY OF MOUNDS VIP:W <br />COUNTY Of' IIAM,;P;Y <br />STATY OF MINNESOTA <br />RESOLUTION APPROVING SECURITIES VUHNIfiHED BY THE. <br />FIRST STATE HANK OF NEW BRIGHTON <br />WHEREAS, the City CnWIC11 Of the (*fly ul' MOnndH Vluw Ilan <br />designated the First State Rank of Now RrighLon an n dopo nllory <br />of city funds; and <br />WHEREAS, Minnesota Statues 110.01 roquiru that a Inunicipnl <br />depository provide securities for coiIaLerall and <br />WHEREAS, the First State Bank of Now Brighton han proposed <br />deletion of the following security from bulnq pludgud an collatorall <br />and <br />amount <br />doscrition <br />maturity <br />$225,000.00 <br />U.S. Treasury <br />Notus <br />05-31-03 <br />25,000.00 <br />Cosmos, MN (Hl <br />Imp, Ilds, <br />09-01-03 <br />WHEREAS, <br />the first State <br />Rank of Now <br />Brighton pledges the <br />following additional nocuritieal <br />amount <br />description <br />maturity <br />$250,000.00 <br />Fad, Farm Cr, <br />Bnnk Bds, <br />12-1-03 <br />NOW, THEREFORE, BE IT 11113O1,VIiII thnt thu City Council of the <br />City of Mounds View nuthorixes its Clerk -Administrator to approve <br />and accept the securitios provided by the First State clank of New <br />Brighton in the amount of $2,6500000 no listed on tho attached <br />document lnbelod Exhibit A. <br />Adopted thin 25th dny of April 1903, <br />ATTESTt <br />1VAb <br />(soul) <br />Cloi�k-Admliilstraear�� <br />