HomeMy WebLinkAboutResolution 48-24RESOLUTION
WHEREAS~ the City Treasurer has this day been duly authorized
to sell ~4,014 Emergency Debt Certificate to be dated June 25,
1948, to bear interest at 52 per annum, ~}ayab!e at maturity of
said certificate, and both ~}rincipa! and interest to be due and
oayabie on the 25th dak of June, !9~, and
WHEREAS, there is sufficient money in the sinking fund to
take care of the demands thereon, and. it is desirable and bene-
ficial to the City of Columbia Heights, }~innesota to invest
monies in the sinking fund in said emergency debt certificate,
NOW, THEREFORE, BE IT RESOLVED BY THE CITY COUNCIL OF THE
CITY OF COLUHSIA HEIGHTS that S¥,014 of the ~inkin~ fund be in-
vested in said emergency debt certlf!cate. U~on the maturity
of said certificate the amount thereof and interest is to be
returned forthwith to the sinking fund.
BE IT FURTHER R.~SOL~ED that the City Treasurer be and she
hereby is authorized and directed to make the necessary invest-
ment in accordance with this Resolution.
BE IT Fg~ ..... '
· ~n~i~ nE~OL~D that the 'oroceeds from the sale of
said emergency debt certificate be placed in the Street and
Halntenance Fund.
Passed this 22nd day of June, 1948.
H. E $o d erho !fi,
Offered By:
Seconded By:
Passed By
Nygaard
Weldon
Ayes ~ Nayes
Secretary to-t~e council_ --