1958-1509r90
RESOLUTION N0. ,~,
RESOLUTION APPROVING INVESTMENT OF FIREMEN'S
RELIEF ASSOCIATION FUNDS
BE IT RESOLVED by the Village Council of the Village of Richffield,
Minnesota, as follows:
1. The investment of $45,000 from the Special Fund of the
F~.remen's Relief Association and $5,000 from the General Fund of said
association in the securities hereinafter described is hereby approved.
2, Said $50 , 000 may be inv
field State Bank, such Debenture
bearing interest at the rate of
of issue with interest payable s
1st in each year, commencing on
bonds shall be April 1, 1958 an
be April 1,. 1968,
ested in Debenture Bands of the Rich-
~3onds having a ten year maturity,
five per-cent per annum f rom the date
emi-annually on Aril 1st and October
October 1, 1958. The date of said
d the maturity date on said bonds shall
Adopted by the Village Council of the Village of Richfield this 10th
day of February, 1958.
ATTEST:
Paul H. Hau n
Village Cl k
l
rvi a R. Ke dsen
Mayor
. Va Kreve en
Manager