HomeMy WebLinkAboutResolution 33-20 WHEREAS, sewer bonds in the amount of $10,000o00,
princiDal came due on July 1st, 1~33, and are now in
de faul t,~ and
WHEREAS the semi-annual payment of interest on all
sewer bonds is now payable and there is also due accrued
interest on said $10,000.00 principal, and
WHEREAS, there is now in the Sewer Fund
and
~HEREAS the Permanent Improvement ReVolving Fund
has sufficient moneys in it with ~hich to pay the difference
in the amount in the Sewer Fund and the amount now due
on said defaulted bonds with interest.
NOW THEREFORE, be it resolved by the City Council,
of theCity of Columbia heights that $3,600.00 be paid
from the Permanent Improvement Revolving Fund into the
Sewer ~und and that the $7,794.81 balance in the sewer
fund together with $3,513.59 of the $3,600oC0, paid to
the Sewer Fund, making a total of $11,~0~8. '40 to be paid
to the Nidland National Bank, Einneapolis~ ~Uinnesota, in
full payment of said $10,000.00 principal on sewer bonds
to~ether with accrued interest on all Sewer bonds to date.
The Treasurer of the City of Col~mabia Heights is hereby
authorized and directed to pay out of the Sewer. Fund to
the ~idland National Bak of ~in~ueapolis, ~{innesota, the
sum of $11,308.~0.
PASSED: August 8th,!933.
~ y0r fo Columbia ~eights
Filed this /.~ day of August ,1955.
..~.~.~. ~~~ Secretary of CounCil.