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~