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RESOLUTION NO. 7631
RESOLUTION AUTHORIZING PAYMENT OF CERTIFICATE I 896 OF THE CITY'S GENERAL
OBLIGATION IMPROVEMENT BOND - SERIES 1984A.
WHEREAS, Certificate 1896, due February I, 2000, in the amount of $5,000.00 of
the City's General Obligation Improvement Bond Series 1984A has been
represented to be lost; and
WHEREAS, the City of Stillwater has been furnished a satisfactory Open Penalty
Indemnity Bond No. 366 GA 0348 - 22H970 of St. Paul Fire and Marine Insurance
Company, St. Paul, MN, as requird by Minnesota Statutes Chapter 475,70 to save
it harmless from damages;
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NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Stillwater,
Minnesota that:
1. First Trust Company of St. Paul, Minnesota, as paying agent for said
issue, is hereby authorized to proceed with the issuance of the replacement
certificate hereinabove described upon receipt of this resolution, and
2. The City of Stillwater shall hold said paying agent harmless from any and
all damages it may icur by reason of said payment, and
3. The City Clerk is hereby directed to certify this resolution in two parts
and retain one copy for the city records and mail forthwith the remaining copy
to First Trust Company of St. Paul.
Adopted by the City Council this 19th day of August, 1986.
Attest: ~
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Published: August 29, 1986
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