HomeMy WebLinkAboutCity Council Resolution 1966-1130
EXTRACT OF MIN OF REGULAR MEETING
OF VILLAGE COUNCIL, VILLAGE OF PLYMOUTH
July 1s, 1966
Pursuant to due call and notice thereof, a regular meeting
of the Village Council of the Village of Plymouth, Minnesota,
was held on the 18th day of July, 1966.
The following members were present:
Mayor Staples, Trustees O•Fallon, Hunt, and Renner
and the following members were absent;
• 1��A�, ,5 �� introduced the following
resolution and moved its adoption:
"RESOLUTION NO. 66- 113
A RESOLUTION DESIGNATING FIRST NATIONAL BANS OF
MINNEAPOLIS, MINNESOTA AS AN ADDITIONAL VILLAGE DEPOSITORY AND
FIXING THE COLLATERAL REQUIRED
WHEREAS, it is deemed advisable to establish and designate
an additional depository for funds of the village and,
WHEREAS, after appropriate investigation it has been
recommended that First National Bank of Minneapolis, Minnesota
be so designated and,
WHEREAS, pursuant to the provisions of Section 118.01 of
Minnesota Statutes it is necessary that the said depository
furnish collateral to the village to secure any funds so deposited
and that said collateral be approved by the village,
NOW THEREFORE, BE IT HEREBY RESOLVED BY THE VILLAGE COUNCIL
OF THE VILLAGE OF PLYMOUTH AS FOLLOWS:
1. That the First National Bank of Minneapolis,
Minnesota be designated as an additional official
depository of the Village of Plymouth, Minnesota.
2. That the following collateral to secure deposits made
by the Village of Plymouth with said First National
Bank of Minneapolis be approved and that said collateral
be delivered to the Village Treasurer together with
an assignment of said collateral:
$100,000 City of Greeley, Colorado Refunding Water Bonds -
3.2% due June 1, 1882-1883 inclusive.
$100,000 Comstock Public Schools #32, Michigan - 3.40%
due May 1, 1985.
$100,000 St. Charles, Minnesota School District #858 -
3.50% due January 1, 1983-1984 inclusive.
$50,000 St. Charles, Minnesota School District #858 -
3.60% due January 1, 1985.
$150,000 Alabama Highway Authority, Highway Bonds -
3.60% due November 1, 1985."
The above motion was seconded by T"RJSt(t�NLP
and upon vote being taken thereon, the following voted in favor
• thereof:
Mayor Staples, Trustees O'Fallon, Hunt,-i%gm and Renner.
The following voted against: None
Whereupon said resolution was declared duly passed and adopted.
STATE OF MINNESOTA )
COUNTY OF HENNEPIN
VILLAGE OF PLYMOUTH)
I, the undersigned, being the duly qualified and acting
clerk of the Village of Plymouth, Minnesota, hereby certify
that I have carefully compared the attached and foregoing
extract of minutes of a regular meeting of the ViIlLpre Council
of said village held July 18, 1966, with the original thereof
on file in my office and the same is a fall, true and complete
transcript therefrom insofar as the same relates tc naming the
First National Bank of Minneapolis, Minnesota as an additional
village depository and fixing the collateral required.
WITNESS, My hand officially as such clerk and the corporate
seal of the village this day of July, 1966.
V13-1115 er
Village of Plymouth, Mines 9a
(Seal)