1954-320rRESOLUTION N0. 320
RF~OLUTION RELEASING ~58,OOQ CDLLaTERAL
(~' RICHFIELD ST~iTE B~TK.
WIHERE~,, the Richfield S tarts Bank has heretofore pledged ~1~8 2,000 worth
of various securities, and
WF, they have requested release of ~58~000 worth of various securi-
ties, and
WHERE~i6, the remaining pledge of ~l~21~,000 worth of various securities is
deemed by this Council to b e more than adequate to cover. the deposits- of the
Village of Richfield in the Richfield State Bank;
NOYd THEREF~E, BE IT RESOLVED by the Village Council,
1. That the Council ma. thorizes, the release of the following ].fisted ~se-
curities which total $58,000s
X2,000 City of emery, 'bJis. ~ Fire Engine & Equip. >2 Due 8/1/59
2,000 +' +~ ++ p
+r m n ++ 2 ~ Due
2 Due 8/7/60
8/761
2,0~
3, ~0 n n n. ++" 2 ~ Due 81/62
000 ~+ +r ~ ++~ ~ +~~
3 2~ Due 8/1/63
,
2,000 Toran of PRarksv3.lle, La. Sewer Rev.
5,000 Carv®r Cow Nunn. Ind. Sch. Dist. ~3~ L~ Due 6/1/61
.. 2i~ Due 71/59
~
000 m ++'
5 ~ Due
2 7/1/61
~
5, ~0 ++ +~
C
t 2 Due
Due
~ 7/1/6
72/1/63
oun
y
l~,000 Virgln3.a, Minn. St. Louis
5,000 Jt. ISD~2, Polk & Marshall Cty. Minn. ~
a
2~80~ Due 3/1/60 ,
logo ++~ ++ ++
5,000 Douglas, Grant & Otter Tail Cty. Minn. 2.80 Due
2~ Due 3/ 61
10_ ],/'61
Jt. Ind. Const. Sch. Distn X57 ~ ~ ~ ~
5,000 Jt. Inc. Sch..Dist.~56 Cty. of ~ T~1ash~.rigton ~ o
l~noka & Ch~.sago, Minn. 1.75 Due 0
lfl/i6~./60 opt.
2. That the Director of Finance be authori.~ed to do all things necessary
to effect this release.
~;dopted by the Vil7e.ge Council this 12th day of .~.pri]., 1951.
~.TTFST: ~-~~
re 0. tte , yor
Q~-
H. augen, 17 e.ge ° ter ,------
roy r n, anager
65