1949-01-07978
VILLAGE OF MOUND
SPECIAL MEETII,iG OF THE I,~0UI,ID VILLAGE COU!~CIL HELD January 7th, 1949.
The purpose of this meeting was to authorize an increase of collateral
to be furnished by the State Ba-nk of Mound to cover the amount of
village deposits held at .the bank. This was at the request of the
incoming Village Treasurer, Louise Huestis.
Present at th~ meeting were I¥~ayor Davis, Councilmen White and Winkel,
and Alwin, Recorder.
After discussion it was moved by White that the collateral, furnished
by the bank, be raised from its present 445,000.00 to $ 95,000.00,
and that the clerk be authorized to notify the bank to that effect.
Winkel seconded the motion, the council carrying.
This business done, the meeting adjourned.