1967-3831r_. ~~
- RBSt'~LUTIQN 1~. 3831
- RFSOLUTlON RELEASING. OOLIA~RAL .PLET)GBB BY SUMMIT
- S ~ ZS BAN$
. 88 IT RES'OLVSA by the City Cou~ricil o~ the Gity of R~.Ehf ~.e1d as
~- foliow~r
1. That. the cfty copr~e~.1 authorize.. tl~e release of
securita.es heretofore pledged as ~oliateral by - .
the summit Stafie Bank in the amount cif' $122,000,00.
2p That the Director of Finance be s.uthgrized to do all
things necessarq to effeot tk~is caiiateral as security
against deposits at the Summit State Bank,
Passed by the' City Couz~cii of the: City pf Richfield .this 14:'~h day
of .Augur t, 198.7,
C,~~-4ra-.~l
- Stan ey W. 01san, yor
Attest:
and .Mot e, C1 re k-Tr~aS.
1