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Res 70 - 317 Approval of Securities#ta* lir Aftutroula, SS. County of Ramse On this._ _. LLr .... day 19.29_., appeared before me R. James Gesell __.and W. R. to me personally known, who, being by me duly sworn, did say that they are respectively the President an ice Pres. & Cashier of Cherokee State Bank of 5t. ._.._, 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 behalf of paid corporation by authority of its board of directors; and said R. James Gesell and_. W. R. Jordan .- ..acknowledged said instrument to be the free act and deed of said corporation. LAVONNE STOCKING Minn. �dtarf -Bakta +t5* .ffi fi? My CWW)h" lid JWY. X6.,1976_ My commission expires.___........._......_._._..___....__._ Resolution No. 317 APPROVAL OF SE As recording officer of the governing body of the.__! i 11 a q e__ of_.._ m e n d o t a Heights W� , I hereby certify that on the 3 r d day of__ march , 19 .10, a resolution was duly adopted by the said governing body' approving the within agreement, the securities therein specified, and the assignment thereof. Dated this.—._— 3 r d__.__. _.._._r....day DESIGNATION m " 7 n Pursuant and subject to the terms of the foregoing instrument and its proposal theretor made a part thereof Cherokee State Bank of S t . Paul is hereby designated depository ofthe public funds of the..... U i 11 a g,e_._...._..__.._............_.........__......_.............___._.__._..._...._...._....�....._._.... of _..... mendota Hei ......__, Minnesota, for the term of i n fin ' y ' ...day of.__a-x1141. Z. .......... .....---. __—years from the._._.... ....._....._._. y_._.._._.._ , 19_3.Q.. — By k—Treasurer Otate of Countyof........................................................ .._._____._.._.._....o f ......... ......------.---- TO ................ TO Assignment of Securities by Public Depository a Filed this _--__----dqy of . . ................. Form Approved Public 'o ed by the AttorneyGeneral and 930. P Examiner, April 23, Miller -Davis Co., Minneapolis I No. 1062—Assignment of Securities in Lieu of Bond by Public Depositories. (Revised 1957) Miller -Davis Co., Minneapolis X140 it ,SII Am by �I�rsr PrrsrntS, Tha.-.- Cherokee State Bank of St. Paul in consideration of its designation as a depository of public funds of Village Of Mendota Hei_ts-.._ as hereinafter specified, hereby assigns, transfers, and sets over to said....._.._._. ..._._.....__..._.. ----_- - Vi11agQ_. en ota_Hht>� _.........._..._......_. ._.. �_ ..�..__ ... _� those certain securities described as follows, to -wit: $130,000.00 U. S. Treasury Bonds 4% Dated 9-15-62 due 8-15-72 $200,000.00 U. S. Treasury Notes Series C-1976 Dated 10-1-69 due 8-15-76 7.50% 'Three Hundred thirand n f 00 -- - ��-_��-_-cellars of the total market value of___hj.__—tYthousand _--.__�_....__�_. , together with such other securities as may hereafter be by it delivered to said ._..... ------- Village of &ndQta_Hai.gh ,s__ 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; il4e Tatwider�otion mtd (Sondi#ion of t4W ,assignment mtb Erpoit of Ornuitteo are 0=4-, That whereas it has submitted in writing to the Village of Mendota Heights ....__,_of said Mendota H©i hts Minnesota __—its said proposal to be designated a depository of said funds of said.—Village of _Mendota Heights ._..__....__,_____.�.............___.._._ ._............. ...�.___ _.._. for the term 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 to deposit the same with the Treasurer of said .Village of Mendota Heights._._........-- or at such other place as the governing body of said _Village of Mendota 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. Nam, 9hrrr£nrr, 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 Heights _— ._ _of said.___ Mendota Hei hts. 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 thereon, as the same shall become due, and at the end of, said term shall credit, account for, and pay over, the same to the Village �. of said Mendota Heights, Minnesota all of which it 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._Cher°kee Sthte Bank of St,_ Egul 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 Village of Mendota Heights ._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.._._.QerQkee atata Bank ..ai..St_ pain ._ and to pay the overplus, if any, to it as such depository, or its assigns. In Witness Wllrreaf, It has caused these presents to be executed in its corporate name by its President ^ .___ani Viee President & Cashier .___.and its corporate seal to be hereunto affixed by authority of its board of directors this 23rd ..._.._._.._..___._......___day of January 7 _ P sident __,__. ........._..__...._ Vice esin det &Cashier