1957-1287r~~ i
RESOLUTION N0. 128?
RESOLUTION RBLBASING COLLATERAL OP RICHPIBLD
STATB BANK
BB IT RESOLVED by the Village Council of the Village of Richfield as
follows:
1. That the council authorize the release of the following
securities heretofore pledged as collateral by the Richfield
State Bank:
$100,000 in Pederai Home Loan Banks, 3.$0%, due 3/15/5?
$ 25,000 in U.S. Treasury Bonds, 2~%, due 9/15/59, opt.56
$200;000 in U.S. Treasury Bonds; 2'~%a; due b/15/62, opt. 59
$ 25,000 in U.S. Treasury Bonds, 2~%, due 9/15/72, opt. 67
2a That the council determines that the amount of $334,000.00
still pledged bq the Richf ieid State Bank is sufficient collater-
al and no substitution will be required.
3. That the Director of Finance be authorized to do all things
necessary to effect this release.
Passed by the Village Council of the Village of Richfield
this 11th day of February, 195?.