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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.