1954-349r ~ {
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RESOLUTION N0. 3~9
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RESOLUTION RELEASING COLLATERAL. OF RICHFIELD _ -,<'..
STATE BANK ANO ACCEPTING SUSSTITU~ON THEREE'OR.
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BE IT RF.SOLVED:.BY THE VII,Ir~QE COUNCIL CJ~' THE VILLAGE C~' RICHFIELD ;~.
AS.' FOLLQnTS s ~ .
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1. That the Council authorize the release of . ~75~.0(~0.00 U. S. `'=
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Treasury Bonds, 2~, due June. 15, 1951, which have heretofore
been pledged as collateral by the Richfield Sta-Fs Bt~tk. .~~~~,'
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2. That the Council. approve and accept in substitu.~ion-of ~e--__ ___ ____
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a~orementLoned bonds X75,000.00 of U. S. Csrti.ficates of Indebted- ~. - <"
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nags, l 1/S~, ;due May 17, ..1955. ~ ~ ,~~
3, That. fine .Director of F3.nance be authorized to do all. things h~'
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necessary to .affect, this: release and substitution of collateral. ~~.,
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Adopted by the Vi3lage Council this loth day of May, 1951.
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