1957-1377rRESOLUTION N0. 1377
RESOLUTION RELBAS TNG COLLATERAL -
RICHPIELD STATE BANK
BB IT RBSOLVED By the Village Council of the Village of Ridhf field as
follows:
1. That the council hereby approves artd accepts the follow -
ing securities in addition ~ securities heretofore pledged
as collateral by the Richfield State Bank:
$5,000 Windom,, City of ,'Cottonwood'Cty. Minn., Public Util.
Rev. Bond of 1952; 2a%,. No. 86/90,• S,g.. •#1?813, due 7/I/5?
$2,000 Amery; City of ,. Polk'Cty., Wis., Piro & Engine & Equip.
Bond of 1952, 2~%, No. 1/l8, S.K. #12623/30, due 8/1/5?.
$5,000 Martin Cty., Minn., ICED #29 (Ceylon), 24%, No• 11/5,
S.K. #12bOb, due 8/1/57
2. That the council determines that the amount of $ 352,,000.00
pledged by the Richf field State Bank is dufficient collateral
for this depository.
3. That the Director o£__Fi.nanc_e be authorized to_do _a_il__thi_ngs__________
necessary to affect this acceptance.
Passed b~ the Village Council of the Village of Richfield this 22nd
day of July,, 1957.
ATTEST:
e
Paul augen Village Clerk