1957-1459r. 401
RESOLUTION NO. ;:.1459 __-
RESOLUTION R~L~SiNG GdLt<ATERAL`+-RICHFIELD STA`TB BANK
BB Y~ R~S(~LVED~b~ the pillage Council of the Village of Richfield as
follows
1. ,:That the Council au thorize the release of the following se-
cur~~ies:heretofbi~e p~.edged as collateral by the Richfield
State Balnlt.: .
$5,000 in Sibley & Mc~tod County, ~Mibie. JfCSD1~ffi2~, due 12/1/57
$5;.000 in ~leel~e~ Coixhty,. l~ilrin~ iSD#9~. due 1/1/58
$5A000 in H ubbard County, M~.nni ISD #~~, dde 1/1!5$
$5;000 in Par~.Ys~iul~ Counter ~ Minn. ISM tf 14 ~, due 2/1/8
$5i~000 in Lanesboro,. Village of ;. ddt' 2!1/58
$10,000 in Stearr~g Couf~ty~. 1~3.r[nr IS~s due 4/1/58
$2,000 in Amery,. City of y. Wis;r due 8/1/58
2. That the balance of $615,.Ot~O fs adequate collateral anti no
substitution shall be requireda
3'.. That the Director of Finance be authorized to cb ail th~.ngs
necessary to effect this release.
Passed bq the Village Council of the Village of Richfield this
25th day of November, 1957.
R
red O. Kit to 1 , May or
O. R. an Krevelen, Manager-
AZ°TEST:
Paul H, Haug ,. Village Clerk