Res 70 - 318 Approval of Securities'Ointe of minnnialat I SS.
County of - Ramsey
On this --2.51h- -_day 19...7.2., appeared
before me Daniel Haa ttd .... _....and A],fx.�.1�.....��l�xt_..___._._......_.
to me personally known, who, being by me duly sworn, did say that they are respectively &--Ez� UQe- Rres .
and-.Yi.969..Rx 9 Sidgnt ._.—of_nnesota..S.gg.?_BAnk_o = Pgil.__-.._..._, a corporation;
that the seal affixed to the within instrument is the corporate seal of said corporation, that said instrument
was signed and sealed in behalff said corporation by authority of its board of directors; and said
..._._.B . cli iv Yi .�.d€Utand._.._ V3res.�_j. gs,,,�?d?A .._._..._...acknowledged
said instrument to be the free act and deed of said corporation. / tt
s�c _eta s
' Notary Public, ._ _ _ ..-Eounty, Minn.
FREDA CHRISTOPHERSON
My commission expires..4'3±u,Y"t'utrtt,""Va7co"�a' County, Minn.
My F" irei
eat. 21, 1972.
Re s of ut ion No. 318 APPROVAL OF SECURITIES
As recording officer of the governing body of the._.1111....._..___.............._....._
of._.._._._ Mendota Height s w , I hereby certify that on the 3 r d
day of.__„ March , 19-7 0 , a resolution was duly adopted by the said governing body
approving the within agreement, the securities therein specified, and the assignment thereof.
Dated this._.__. 3rd �..._._ of. ._.marc?_ ^....__ .... ........._.........._........,192
ubRr , m
DESIGNATION
(Title)
erK-Treasurer
Pursuant and subject to the terms of the foregoing instrument and its proposal therefor made a part
thereof Minnesota State Bank of Saint Paul _._..__is hereby designated depository
of the public funds of the.._.. Village ........................ _.....
_.....__-------.____._.............._._�....._._._
of _.....Mendota .... i c�h t s� -... ,�- ____�__- • _._ ._ _, Minnesota, for the term of
indefin.ite ...... from the._6 of..__Ja n u _r.X__-_ , 19-12.
V
Otate of 9 utraes �t,
. .
County of.... ..... _..... _........... ...... .............
.....: .
.._...... _._._.._.._of. ......... _ -- _...... -.... --...
W,]
R
Assignment of Securities
by Public Depository
Filsd tl►i,_....._..._._..______..day of
Form Approved by the Attorney General and
Public Examiner, April 23, 1930.
Miller -Davie Co., Minneapolis .�
No. 1062—Assignment of Securities in Lieu of Bond by Public Depositories. (Revised 1957)
Miller -Davis Co., Minneapolis
Xnaw All Mrn hil 04F,SP prestnts. That. Minnesota State Bank of Saint Paul
in consideration of its designation as a depository of public funds of—MI a e of Mendota He%h_ts
as hereinafter specified, hereby assigns, transfers, and sets over to said. _.3Zi� lags nf.�.eights.
those certain securities described as follows, to -wit: The Pledged Bonds are as follows:
5,000.00 City of west St. Paul, Minn. Storm Sewer Bonds
103000.00 Village of Mendota Heights, Minn. General
Obligation State Aid Road Bonds
5,000.00 Martin County, Minn. Drainage Bonds
253000.00 Brown County, Minn. Gen Oblig Drainage Bonds
202000.00 ISD #742. St. Cloud, Minn. Schl. Refunding
Bond, Counties of Stearns, Sherburne and
Benton
Due 2-1-70
Due 6-1-70
Due 1-1-71
Due 1-1-72
Due 2-1-72
of the total market value of__ Sixty -Five Thousand
together with such other securities as may hereafter be by it delivered to said_.._-_—__ . _.._.._
Village of Mendota Hg is
in lieu of all or any part thereof and additional thereto pursuant to the statutes of the State of Minnesota
relating to depositories of public funds;
MW TottidUrdion mb Tondi#iun of t4W AgApment mb Bepwsit of Germ ities arr 0=4;
That whereas it has submitted in writing to the_U11.ag e..Qf. Me tiszta_. Hpa,gbts:
_:._._..._.._........_.-of said
_ r Saint Pauli Minnesota '" __—its said proposal to be designated a depository of said
funds of said_..__.__...._. Village of_Mendota MeiRhts__------ ..... _...._..._.
for the term of...(indefinite .year s )__year...._ from the—..-...
day of. ,19 , upon the terms of said proposal which is hereby made
a part hereof, and has assigned said securities and agreed todeposit the same with the Treasurer of said
Heights or at such other place as the governing body of said
...... _,_,____�j,sge, gndota Heights shall by resolution fix and determine for the safe -keeping of such
collateral together with such other securities as may during said term be substituted therefor or any part
thereof and additional thereto as security for the payment of ...... _...... _..._.__.__.__.___.___._.__.._._......._._....—.._
_..___._..._......_._.___....__._..._.... _..._ _ ._..... ...__Dollars of said public funds so to be deposited.
Now, 911,errfrirr, If, in case it shall be designated such depository of said funds, it shall observe all
its duties as such depository according to the statutes of the State of Minnesota relating to depositories of
such public funds, which statutes are hereby made a part hereof, shall credit, account for, and pay over to
...... .... ..._.Village of Mendota He�hts„_......._.._..of said.______ Mendota Heights1_Minnesota
without exchange or other charges, on demand and its legal orders, all funds and moneys which shall be de-
posited with it subject to such demands and orders, with interest thereon according to its said proposal, and
all funds and moneys which shall be deposited with it as time deposits, and interest theredn, as the same
shall become due, and at the end of said term shall credit, account for, and pay over, the same to the
Llage ofIedota He119t§r1 Mendota Heights, Minnesota M� _ all of which it
r
hereby promises and agrees to do, this assignment and obligation shall become void and said securities shall
be surrendered and delivered to it by said Village of Mendota Heights ,_.... ,..____.... ;
otherwise it shall be and remain of full force and effect; and in case of any default on its part under the stat-
utes of the State of Minnesota relating to depositories of public funds, it hereby authorizes and empowers
said -..... -Mi_ lag.e of _N2X1.2t3. HR19h= _._ and its governing body and officers, to sell and dispose
of all said securities, or such part thereof as shall be necessary, out of the proceeds thereof to retain and keep
the full amounts due to said. Village of Mendota Heand to pay the
overplus, if any, to it as such depository, or its assigns.
In MUness Whereof, It has caused these presents to be executed in its corporate name by
its. Executive Vice Presided and„ Vice President ---.—and its corporate
seal to be hereunto affixed by authority of its board of directors this ....?.$?.._.._.._.._.__..........._.._day of
._....._........_d�......_.�.... ._,19.ZZn _.
In Presence of
MINN 'TA -STATE BA 0 SAINT PA
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Its WEx. Vice President
an - ~�------f------ --W .-..--
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Its Vice President
I' .