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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_ --