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1967-3899r~~ RESOLUTION NO. 3$99 F~SOLU'1'IC?N ACCEPTING COLLATERAL PLEDGED BY SUMMIT S'TAG'E BANK BE IT ABSOLVED by the City Council of tl~e City of Richfield as followse 1. That the. council accept and appr©ve~additiona~:. collateral in the amount of $998940,00 pledged by the Summit State Bank as~represented by cus- todi a.n receipt ~n files a copy cif which is given Clerks File No. and placed on file,. 2. That the Director of Finance be authorized to do all things necessary to effect this collateral. as security against deposits at the Summit State Bank. Passed by the city council of the City of Richfield this 23rd day of Octobers 1967° V.1 _ ~-~.~--. Stanley W. Olsons.Mayor Attesta ~ ~ ~~ Thomas J, rans ClerkmTreas. 1