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1956-1262r~~~ RBSOLt3TI0N N0. 1^26 r RBSOLUTION APPROVING II~REASB OF COLLATERAL OP RICHPIELD STATE BANR BE IT RESOLVED by the Viliage Council of the Village of Richfield as follows 1. That the council hereby approves and ,accepts the follow- ing securities in addition to securities heretofore pledged as collateral by theRichfield State Bank: $100,000 Federal Home Loan Banks, 3.80%, dated 9/17/56, ' due 3/15/5? $1©0,000 Pederal Intermediate Credit Banks,. 3.20%,, ' dated 8/1/56, due 5/1/5? $ 50,000 Federal Land Banks,. 3-3/4%, dated 9/14/56, ~ due 7/15/57 $100,.000 Federal Land Banks, 2-1/4%, dated 5/3/54 - due 5/1/59 2. That the council determines that the amount of $689,000 pledged by the Richfield State Bank is sufficient coilatera]. for this depositary. 3. That the Director of Finance be authorized to do all things necessary to effect this acceptance. Passed by the Village Council of the Viliage of Richfield this 2bth day of December, 1956. o,.~, Fred 0. Kitteii,, ayor ATTEST: //~~ . t~ •~~ ~~ Paul H. Haug „Village Glerk 0. R V Krev en,. Manager i I