1982-195RESOLUTION N0. 195 72
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RESOLUTION RELEASING COLLATERAL
FOR THE SUMMIT STATE BANK, A
DEPOSITORY OF FUNDS OF THE
HOUSING AND REDEVELOPMENT AUTHORITY
WHEREAS, on February 16, 1982, Resolution No. 189 designated
the Summit State Bank a depository of funds of the Housing and
Redevelopment Authority of Richf ield, and deposited for safe-
keeping at the Marquette National Bank of Minneapolis the amount
of $353,600; and
WHEREAS, on March 22, 1982, $200,000 in U.S. Treasury Notes
due December 31, 1981 were released from safekeeping;
BE IT THEREFORE RESOLVED, that collateral in the full
amount of $200,000 deposited for safekeeping at the Marquette
National Bank of Minneapolis is approved, and
SE IT FURTHER RESOLVED, that the Executive Director is
authorized to sign the release of the security pledged to secure
deposits of the Housing and Redevelopment Authority.
Passed by the Housing and Redevelopment Authority of Richf ield
this 19th day of April, 1982.
~.: ~ ~: ..
wJ t
omas E. Harms Ch rman
ATTEST:
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Michae Freeman Secretary