Res 70 - 316 Approval of Securities#tate of Aiuttroolat ' ss.
County of Dakota _
On this._Twenty-ninth___—day of��_.._._...___...._.. January_______ appeared
Richard W. Yoerks Galen.T. Pate
before me ._ _....and ._.._....._..___._..._._.._..
tome personally known, who, being by me duly sworn, did say that they are respectively the ._Rre aislenLt......
and Cashier ._of_wSignal Hills ,State Bank a corporation;
c
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 said corporation by authority of its board of directors; and said
Richard W. Yoerks Galen T. Pate r ___acknowledged
said instrument to be the free act and deed of said corvoration.
�otaPublic,County, Minn.-
JOHN4DORSEY
My commission expires.y,p
Mycommission expires Mar. 28, 1975
Resolution No. 316 APPROVAL OF SECURITIES
As recording officer of. the governing body of the._. U i 1 l awe
of.... m e n d o t a H e iac h t s , I hereby certify that on the 3 r d.
day o fi__ m a r c h 19? 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 .�_ ...._ .............._day of. ............ , march ---Z-'—'.....--1 1910
Don_ u - a rZo r __ __, _ (Title)
G' OR�C Tr e a saDESIGNATION O r e r
Pursuant and subject to the terms of the foregoing instrument and its proposal therefor made a part
thereof i 11 s S t a t e B a n k is hereby designated depository
of the public funds of the .... i 11 a 9 e_._,________
of____......mendota Heights ._....._.._, Minnesota, for the term of
indefinite _._years from the_...—.6 m ._.day of..__.._ J a n u a r y ___ , 191.L.
.
EIGHTS
adabaughq'/Cleirk-Treasurer
fttr of iffintwan#tt9
Countyof—...- . ................. ................ ........._,
.......... _..... ...—.—Of._ ......... ............. _-....
.......................... .............................................
TO
Assignment of Securities
by Public Depository,
4
Flied this_.....__......__....__ -.day of
�r
Form Approved by the Attorney General and
Public Examiner, April 23, 1930.
Miller -Davie Co., Minneapolis
No. 1062—Assignment of securities in Lleu of Bond by PublictDepositories. (Revised 1957)
Miller -Davis Co., Minneapolis
Xnow All Mtn Ulm 01 4rov, 11resentii, Thata- nal Hills Stale Bank
Its & _ --
West St. Paul, Minnesota
in consideration of its designation as a depository of public funds oU laae of Heights-__
as hereinafter specified, hereby assigns, transfers, and sets over to said—L!1!-4&-e--QLMeT d(2tA.jjguts_
. . . ........
those certain securities described as follows, to -wit:
$20,000 Federal Deposit Insurance Corp, Insurance
$50$060 U.S. Treasury 5 3/4% N'ote Due 11-15-74
a
Ulpe (tnuoidrritiou ucd (loubit on of t4W Aosipwat vmb Deposit of .0eruritieo are furl;
That whereas it has submitted in writing to the ...._ ...__.._..._._._._._....__...:_.._.._._..._.._........_ _of said
_.__ __ ...._......_. _ ... ._........._....its said proposal to be designated a depository of said
funds of
for the term of_.(i n d e f i n i t e year s)— year...._ from the .._........-.-......_........
day of. ,19 , upon the terms of said proposal which iss hereby made
a part hereof, and has assigned said securities and agreed to deposit the same with the Treasurer of said
V11e 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 ... Fifty_Thousa Dg � s_._and..QQLX,QQ.,._
of said public funds so to be deposited.
Now, iir4rrrfure, 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
Treasurer _._......._of said.-- —------- _-_
without exchange or other charges, on demand acid 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
....Tr.�a.ur.�r.._._ of said Village ._._.._.........__ ............. 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.._ �il-1d&?._—._..
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 —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 saiA Villug and to pay the
overplus, if any, to it as such depository, or its assigns.
In MUnrss 04treaf, It has caused these presents to be executed in its corporate name by
its.._. President^ --_r and.... Cashier —.,._..,and its corporate
seal to be hereunto affixed by authority of its board of directors this-2wou ty-D i nth...._....__._.........._day of
S?final Hills State Bank
..........
Its— .3Li.re_.Pr. sem_ des}t--anal
Cashier
• A•n