1954-294r35
RF~OLUTItAN N0. 29l~
RESOLUTIOnT RELIEASING COLI~TERAL CF RICHFIELD
STATE BANK AND ACCfl~PTING SUBSTITUTION THEREE'OR.
BE I T RE50L9ED BY THE VI LLB (~ COUNCd T- OF THE VI LL~GE OF RICHFIELD AS F®LL~ :
1. That the Co~mcil authorize the. release of X25,000.00 City of Minn~.polis
Public Relief Bids, 1, due March 1, 195l~, rich have heretofore been pledged
_ as coll.a~eral by ~.he Richfield State Bank.
2. That the Council approve and accept in aubst3.tu.tion of the aforem~.tioned
securities the following bonds:
> ~ ~~ X10,000 Ind Sch. District #2 of Carlton County, Minneso ta, Sch,' Bldg.
' ~ Bond of 1~2, 2.75, 5M due ~-1-55 -No's. 6/10, S. if. Receipt
X13050; 5~ due 5-1-56 - Noss. 26/30, s. K. Receipt x#13051.
S;o~ Tillage of Moose Zake; Minn. Carlton County, Elec. Rev. Cert. of
the Public Uti.l.il3es Comm. 1~2 Ser3.es, 2~, due 3-15-~? -No's.
23/7 - s . I~. Receip t ~# 13077.
5,000 Ind. Bch: Dist. #75 of Lac Qui Parle Goun~y, Mi~in. Sch. Bldg.
Band of 1952, 2,25, due }~-1-57 -No's. 31/5 ~ 1M - S. K. Receipt
" ,~ 13072.
5,000 Joint Ind. Cams. Bch. Dist. #82, Sibley & McLeod Counties,
Minn. 2.1~0~, due 12-1-5? -Noes. 1~)./5 - S. K. Receipt #13621,
3. That the Director of Finance be authorized to do all things necessary to
affect this release and substitution of collateral. "
Adopted by the 9il.lage Council this 23rd day of February, 1954. '
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ATTEST: Fre 0. Kittell, Moor
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