The URL can be used to link to this page

Home My WebLink About1961-08-16 .1;-)8 Bozeman, Montana August 16, 1961 The Commission of the City of Bozeman met in regular session in the Commission Room. City Hall Building, Wednesday, August 16th. 1961 at 1:00 o'clock P.M. Pre- sent were Mayor Swanson. Commissioner Staudaher, Commissioner Sedivy. City Manager I Cutting, Ass't. City Manager Fryslie. City Attorney Berg and the Clerk. The following proceedings were had: Minutes of the last regular session were read and it was moved by Commis- sioner Sedivy. seconded by CommiSSioner Staudaher, that the minutes be approved as read and corrected and the motion was carried by the following Aye and No vo te : those voting Aye being Mayor Swanson. Commissioner SediVY. and Commis- sioner Staudaher; those voting No. none. Ordinance No. 833 Affidavit of publication of the Annual Appropriation Ordinanoe for the fiscal year ending June 30, 1962 was presented together with the Appropriation Ordinance No. 833, entitled: ORDINANCE NO. 833 - AN ORDINANCE APPROPRIATING MONIES FOR EXPENDITURES DEEMED NECESSARY AND IN ACCORDANCE WITH BUDGETARY REQUIREMENTS FOR MAINTENANCE ETC., OF THE MUNICIPAL GOVERNMENT OF THE CITY OF BOZEMAN, MONTANA FOR THE FISCAL YEAR ENDING JUNE 30th. 1962. The City Manager recommended that the ordinance be approved and finally I adopted. It was moved by Commissioner Staudaher, seconded by Commissioner Sedivy, that the ordinance be finally adopted and the motion was carried by the following Aye and No vote: those voting Aye being Mayor Swanson. Commis- sioner Staudaher and commissioner Sedivy; those voting No. none. Reports The following reports for the month of July, 1961 were presented: Cashier We ter Collector Cemetery The City Manager commented on the reports and stated they appeared to be in order and recommended that the reports be approved and ordered filed. I twas moved by Commissioner Sedivy. seconded by Commissioner Staudaher. that the reports be approved and filed and the motion was carried by the following Aye and No vote: those voting Aye being Mayor Swanson, Commissioner Sedivy and Commissioner staudaher; those voting No, none. Examination of Depository Bonds The Commission proceeded to examine the Custodian's Receipts for Depository Bonds held by the Director of Finance as security for City funds deposited I in Bo~eman banks. It was moved by Commissioner Staudaher. seconded by Commissioner Sedivy, that the securities be approved and a list thereof be set forth in full in the minutes of this meeting and the motion was oarried by the follOWing Aye and No vote: those voting Aye being Mayor Swanson. Commissioner Staudaher and Commissioner Sedivy; those voting No, none. (Continued next page.) 1~9 . -), DEPOSITORY BONDS & SECURITIES Total Am't. FIRST NATIONAL BANK. Bozeman: $ Federal Deposit Insurance Corporation lO, 000 .OQ, Trusteed with Federal Reserve Bank of Mpls.: I U.S. Treas. Bds. of 1964; 3%; due 2/IS/64 100,000.00 U.S. Treas. Bds. of 1964; ~; due 2/15/64 3S.000.00 U.S. Treas. Bds of 1964; 3 ; due 2/IS/64 200,000.00 To tal 345.000.00 GALLATIN TffirST & SAVINGS BANK, Bozeman: Federal Deposit Insurance Corporation 10.000.00 Trusteed with Federal Reserve Bank of Mpls.: U.S. Treas. Bds. of 1967-72; 21n'; due 9715}79] 2,000.00 School Dist. #2; Yellowstone Co.. Mont. 2.4%; due 3/1/67-68 25.000.00 U.S. Treas. Bds. of 1967; 3-S/8%; due 11/15/67 25,000.00 Tota 1 62,000.00 SECURITY BANK & TRUST COMPANY, Bozeman: Federal Deposit Insurance Corporation 10,000.00 Trusteed with Federal Reserve Bank of Mpls: U.s. Treas. Bds of 1966-71; 2t%; due 3/15/7l 40,000.00 U.S. Treas. Bds of 1967; 3-S/8%; due 11/l~67 196.000.00 U.S. Treas. Bds of 1968; 3-7/8%; due S/15 68 26.000.00 Trusteed with National Bank of Commerce of Seattle. Wn.: U.S. Treas. Bds of 1966; 3-3/4%; due 5/1S/66 123,000.00 Total $ 39S.000.00 This is to certify that we, the Commission of The City of Bozeman. in compli- ance with the provisions of Section 16-2618 R.C.M.. 1947 have this day examined I the receipts of the Federal Reserve Bank of Minneapolis, the National Bank of Commerce, Seattle. Washington. for the Depository Bonds held by the Director of Finance as security for the deposit of city funds held by the several banks of Bozeman and find them to be as above stated. and are hereby accepted and approved. S/ Arnold M. Swanson Ma yor S/ Fred M. Staudaher Commissioner sl Edmnrid P. Sedivy Commissioner Dated August 16th, 1961. Request of Direotor of Finance -- Investment of Funds The City Manager presented a written request received from the Director of Finance that he be granted authority to invest idle surplus funds as follows: Fund Amoun t Type of Investment - Park Land Trust $ 2,000.00 Series H. (U.S. Gov't. Bonds) Water 25,000.00 U.S. Trees. Bills Maturing - 1/11/62 Sewer Revenue 26,000.00 U.S. Treas. Bills Maturing - 2/l8/62 I The City Manager recommended authorization of the investments and it was moved by Commissioner SediVY, seoonded by Commissioner Staudaher. that the author- ization be granted and the motion was carried by the following Aye and No vote: those voting Aye being Mayor Swanson. Commissioner Sedivy and Commissioner Staudaher; those voting No, none ,1GO Ad j ournmen t There being no further business to come before the Commission at I this time. it was moved by Commissioner staudaher, seconded by Commis- sioner Sedivy. that the meeting adjourn and the motion was carried by the following a ye and No vo te : those voting Aye being Mayor Swanson, Commissioner Staudaher and Commissioner Sedivy; those voting No. none. ?~S2 /:',./ . V .. ~\. -- Ma yor ATTEST: \ ~-; ~~ C:", A;{~ -~ / Clerk f the City Commission - ~ - ~ - ~ ~ - ~ - ~ - I I