06-19-1963 HUCM1
1
Adoption of the foregoing Agreement was duly moved, seconded
and unanimously carried by the members of the Commission.
There being no further business, the meeting was adjourned.
R. W. Dahl, Secretary.
ATTEST,
R. I. -/'!?e!ppard, President .
Special Meeting
June 19, 1963.
A Special Meeting of the Utilities Commission was held on June 19,
1963.
All Commissioners were present.
RESOLUTION APPROVING
COLLATERAL ASSIGNMENT
BY DESIGNATED DEPOSITORY.
RESOLVED, that the list of securities pledge by
Citizens Bank, Hutchinson, Minnesota, described as follows;
100,000.00 Federal Land Banks 31% Bonds
maturing 5/2/66 #75
$106,000.00, U. S. Treasury Bonds 2 5/8%
maturing 2/15/65
#53306 -1M
#19615, 19618/19 5M EA
#72997/98 #44011 ,#69545/50 10M EA
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and assigned to Hutchinson Utilities Commission V f the City of
Hutchinson, Hutchinson, Minnesota, is approved and accepted as
satisfactory collateral and security for deposits by the
Hutchinson Utilities Commission in said depository to the amount
of $1852000.00 leaving a surplus of at least 10% over the limit
of deposit as required by M. S• A. 138.01• :he assignment of the
collateral is satisfactory and the Secretary of the Hutchinson
Utilities Commission, R. W. Dahl, is hereby authorized and directed
to sign the approval of securities and the members of the
Hutchsinson Utilities Commission and its Secretary are authorized
and directed to sign the Designation of Depository approving
the Citizens Bank, Hutchinson, Minnesota., as the depository
for funds of the Hutchinson Utilities Commission of the City of
Hutchinson, Hutchinson, Minnesota, to a maximum of $1850000.00
Adoption of the foregoing Resolution was duly moved,
seconded and unanimously carried by the members of the Commission
at a special meeting of the Hutchinson Utilities Commission
1
1
Adoption of the foregoing Agreement was duly moved, seconded
and unanimously carried by the members of the Commission.
There being no further business, the meeting was adjourned.
R. W. Dahl, Secretary.
ATTEST,
R. I. -/'!?e!ppard, President .
Special Meeting
June 19, 1963.
A Special Meeting of the Utilities Commission was held on June 19,
1963.
All Commissioners were present.
RESOLUTION APPROVING
COLLATERAL ASSIGNMENT
BY DESIGNATED DEPOSITORY.
RESOLVED, that the list of securities pledge by
Citizens Bank, Hutchinson, Minnesota, described as follows;
100,000.00 Federal Land Banks 31% Bonds
maturing 5/2/66 #75
$106,000.00, U. S. Treasury Bonds 2 5/8%
maturing 2/15/65
#53306 -1M
#19615, 19618/19 5M EA
#72997/98 #44011 ,#69545/50 10M EA
73 .
-nz>x
0 c 0 0 cA
cl CDcrCDo
0CDCD0
=r
'a Cn
N � cn
0 0
E
CD o'
00
o
`< o W
3 CL
0
"-0
00
wa
rn
I
N '
O N
O 1
O O
and assigned to Hutchinson Utilities Commission V f the City of
Hutchinson, Hutchinson, Minnesota, is approved and accepted as
satisfactory collateral and security for deposits by the
Hutchinson Utilities Commission in said depository to the amount
of $1852000.00 leaving a surplus of at least 10% over the limit
of deposit as required by M. S• A. 138.01• :he assignment of the
collateral is satisfactory and the Secretary of the Hutchinson
Utilities Commission, R. W. Dahl, is hereby authorized and directed
to sign the approval of securities and the members of the
Hutchsinson Utilities Commission and its Secretary are authorized
and directed to sign the Designation of Depository approving
the Citizens Bank, Hutchinson, Minnesota., as the depository
for funds of the Hutchinson Utilities Commission of the City of
Hutchinson, Hutchinson, Minnesota, to a maximum of $1850000.00
Adoption of the foregoing Resolution was duly moved,
seconded and unanimously carried by the members of the Commission
at a special meeting of the Hutchinson Utilities Commission