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<br />bond such bank may furnish collateral in the manner and to the extent <br />permitted by law. All such collateral shall be approved by the Council <br />and shall be accompanied by an assignment thereof which shall provide <br />that in case of default upon the part of the depository the Council of <br />the Village shall have full power and authority to sell such collateral <br />or as much as may be necessary to realize the full a'110unt due the <br />rmmicipality over such federal guarantee. <br /> <br />This designation is effective until the 31st day of <br />January, 1963. <br /> <br />The motion for the adoption of the foregoing Resolution <br />was duly seconded by ~rember Goodrich, and upon vote being taken thereon, <br />the following voted in favor thereof: <br /> <br />Mayor ~k:Gee, Trustees Goodrich, Kustermann and Flanagan <br /> <br />and the following voted against the same: None <br /> <br />adopted. <br /> <br />\'JHEREUPON, said Resolution was declared duly passed and <br /> <br />STATE OF MINNESOTA) <br />)SS <br />COUN1Y OF RNlSEY ) <br /> <br />I, the undersigned, being ti1e duly qualified Clerk of <br />the Village of Roseville, ;'linnesota, do hereby certify that I have <br />carefully compared the attached and foregoinB extract of the minutes <br />of a regular meeting of the Village Council of the Village of Roseville, <br />r1innesota, held on the 27th day of August, 1962, with the original on <br />file in my office, and the srune is a full, true and complete transcript <br />therefroITl insofar as the same relates to a Resolution regarding <br />designation of a depository for Village funds. <br /> <br />\.lJitness my hand as such Clerk and the corporate seal of the <br />Village of Roseville this 10th day of September, 1962. <br /> <br />SEAL <br /> <br />~ <br />ic <br /> <br />. <br /> <br /> <br />Page 1'\'10 <br />