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RESOLUTION APPROVtNG PAY T"Ar-
FIRST STATE DANIK OF NEW 1ARJU111110H
WIIEREAS, the City Counci-L rur the CitY of Mounds View
Firrt
has dualyriated the L SLata Flai.k. of Naw brighLon; and
W"EAEAN, Minnesota Statutes 118.01 require that a
municipal depositoit, provide Becurit�e.-i; for collateral; and
4HEREAS, th@ First t$tate hAnk of New Orighton has
provided securities in the amount of tA4o miliion one hundred
ton and no/100 dollars lintcd on the attncho6 docliment
labeled Exhibit A;
NOW, THEREFORE, OF IT RESOLVED that the City Council
Of the City Of MOUndB View duthorizes its Clark-Aftinistrator
to approve and accept the securities provided by the First
T Adopted this Vth day of May, 1980.
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