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HomeMy WebLinkAboutResolution 48-23RESOLUTION WHEREAS, The City Treasurer has this day been duly auth- orized to se~l ~!6,957210 Emergency Debt Certificate to be dated June 23, 194,8, to bear interest at 3~ per annum, payable at-Maturity of said certificate, and both orincipa! and interest to be due and payable on the 25th day of June, 1949, and WHEREAS, there is sufficient money in the Sewer Fund to take care of the demands thereon, and it is desirable and 'bene- ficial to the City of Columbia Heights, Minnesota to invest monies in the Sewer Fund in said Emergency Debt Certificate. NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCZL OF THE CITY OF COLUMBIA HEIGHTS, That ~!6,957.!0 of the Sewer Fund be invested in said Emergency Debt Certificate. Upon the maturity of said Certificate the amount thereof and interest is to be returned forthwith to the Sewer Fund. BE IT ~SOLVED That the City Treasurer be and she hereby is authorized and directed to make the necessary investment in accordance with this Resolution. BE IT FURTHER RESOLVED That tNe proceeds from the sale of said Emergency Debt Certificate be ~iaced in the Permanent Improvement Re~olving Fund. ~[ E. Soderho!m, Hayor Offered By: Seconded By: Nygaar~ Passed By Ayes Al~lNayes ~ - - Secret~ry to theCounc-i~