1959-2055r~~
RESOLUTION N0, 2055
RESOLUTION RELEASING COLLATBRAT.~OF RICHFIELD STATB
Y3ANK AND ACCEPTII~ SUBSTITU'~ION THEREFOR
EE 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 Banks
Securities in the amount of $118000®00
2® That the council approve and accept in substitution of the
aforementioned collateral®
Secu riti es~ in the amount of $119 9 000 W 00
3m .That the above coilatera~. listed ~.n detail on assignment of
securities in the clerkgs file #t5731A~ including additional co~9.aterm
al in the amount of. $19000 is hereby approved
48 That the balance of co llaterai in the amount of $679~5Ob is
Buff icient®
1
5® That the Director of Pinance'be au thorized to do all things.
necessary to effect this release$ substitution and addition of
collaterai®
Passed by the Vili~.ge Council this 28t
ATTESTs
]Edward J® Moline9 Clerk
O~~ an r velen9; Manager