#032 04-16-57 Declare Savings and Loan AssociationResolution No. 32
April 16, 1957%1
Member Bies introduced the following resolution and MOVED its adoptions
RESOLUTION DECLARING NEED FOR A SAVINGS AND LOAN ASSOCIATION
BE IT RESOLVED, -by the Council of the Village of Golden Valley, Minnesota,
as follows
WHEREAS, an application for a charter for Community Savings and Loan
Association has been filed with the Securities Commission of the State of
Minnesota by residents of Robbinsdale, Crystal and New Hope, and
WHEREAS, the City of Robbinsdale and the Villages of Crystal, Golden
Valley, Brooklyn Center, New Hope, Plymouth, Brooklyn Park, and Maple
Grove do not have a Savings and Loan Association nor any other financial
institution that invests its deposits primarily in home mortgages, nor
is there any such. lending institution in North Minneapolis, and
WHEREAS, there is a real need for a lending institution of this mature
3n this area and to serve as a depository of funds,
NOW THEREFORE, BE IT RESOLVED, that this council acting in its capacity
as the governing body of this municipality go on record as favoring the
granting of a charter to the Community Savings and Loan Association and
as an endorsement of the need for this service in this area.
The motion for the adoption of the foregoing resolution was duly seconded
by Member Rahn, and upon vote being taken thereon, the following vatdd in
favor thereofs Bies, Nadasdy, Rahn, and Teresi,
and the following voted against the sames None
whereupon said resolution was declared duly ;passed and adopted, signed
by the Mayor, and his signature attested by the Clerk.
WIN
F, I A pwmv OJ,( -o 00�jr�'� � PP
I Wwrcage Clerk •
1
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Mayor