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RESOLUTION NUM3,_R 65 - 002 <br /> RrSOLUTION DESIGNATING DEPOaIT,'!?Y FOR VI a..i.AGE FUPj.DS AND APPROVING SECURITIES <br /> FOR COLLATERAL WITH THE STATE EA1'K OF THE VILLAGE OF ST. ANTHONY <br /> BE IT RESOLVED by the Village C;,c,nci l of the Village of St. Anthony <br /> that the State Bank of the Village of St. Anthony, Minnesota, be hereby <br /> designated as depository for the funds of the Village, not to exceed, <br /> however, the amount of $795,000.00 at any one time, and the Treasurer <br /> is hereby authorized to open or continue an account or accounts with the <br /> said bank on such terms as required by said bank in the name of the <br /> Village, and to deposit, or cause to be deposited in such account or <br /> accounts, any monies, checks, drafts, orders, notes, or other instruments <br /> for the payment of money, upon compliance by said depository with this <br /> resolution and the law in such case provided. <br /> BE IT FURTHER RESOLVED, that until further notice of the Village of <br /> St. Anthony by resolutions, withdrawals from the account or accounts shall <br /> be only upon written order of the Treasurer, countersigned by the Village <br /> Manager and the Mayor, <br /> BE IT FURTHER RESOLVED that this notice shall continue in force until <br /> December 31 , 1965, or until written notice of its recision or modification <br /> has been received by said Bank. <br /> BE IT FURTHER RESOLVED that said Bank deposit such securities that <br /> may be approved by the Village Council in the amount and in the manner <br /> required by law, which shall include as follows: <br /> U. S. Treasury Notes due 10/1/69 $190,000.00 <br /> U. S. Treasury Bond due 11 /15/68 $100,000.00 <br /> U. S. Treasury Bond due 8/15/73 $100,000.00 <br /> U. S. Treasury Bond due 8/15/73 $130,000.00 <br /> U. S. Treasury Bond due 8/15/72 $ 25,000.00 <br /> U. S. Treasury Bond due 8/15/70 $100,000.00 <br /> U. S. Treasury Bond due 8/15/68 $ 50,000.00 <br /> U. S. Treasury Bond due 10/1/69 $100,000.00 <br /> AND BE IT FURTHER RESOLVED, by the Village Council of the Village of <br /> St. Anthony, Minnesota that the Village Manager be authorized to accept <br /> such securities as collateral , and that said collateral be deposited at <br /> an appropriate bank within the City of Minneapolis, Minnesota for safe <br /> keeping. <br /> Adopted by the Village Council <br /> January 12, 1965 <br /> Ma or <br /> Attest: <br /> Village Jerk Y 77 d as to form and le alit : <br /> 9 <br /> Rev ewed fo ad nistration: <br /> c <br /> Vila Manage Vi la Attorney <br />