HomeMy WebLinkAboutOrdinance 82.whereas, Owing to the general growth and progress of the 0ity of
001u~ia Heights,.the present fire' apparatus has become inadequate
to p~ovide sufficient protection to lives and property, and
Whereas, 2revision was not made in,'the budget of 1930 for the pur-
chase of new fire apparatus and the City is without means of making
such ~urchase, this ouncil hereby, declares that an emergency exists.
Roll Call: ~'
An Ordinance authorizing the issuance of certificates of indebt-
edness in the amount of Five Thousand Dollars ($5000.00) for the pur-
chase. of additional fire apparatus and fixing~ the form thereof'~
The 0ity of ColUmbia Heights does Ordain:
Section ~.' An emergency ha~ng been declared the proper City
Officials are hereby empowered tO 'issue and sell certificates of in-
debtedness in the amount of Five Thousand Dollars ~$~000.00) for the
purchase o~ additional fireapparatus.
Section ~.~ Sai~ oerti~ica%es of 'indebtedness to be in denomi-
nations of Five Hundred Dollars~($~00~00) eaoh, numberea One to Ten
inclusive maturiUg One each on July l~th and January ~th of each
certificates excep~ ~um~ers ~ght, ~xne aha ~en ~ ~ ......... o~
the rate of six per cent per annum, Certificates Eight~ ~ine and Ten
to bear interest at the rate of ~our per cent per annum, interest
payable semiannually and int~erest and principal payable at the Col-
umbia National Bank.
· Section ~. That said certificates of indebtedness and the
coupons thereto a~exed shall be in subs'tantially the following form
with the necessary variations as to numbers, maturieties, and interes~
rate, ~hich said form is hereby approVed and adopted.
Section 4. That said certi'd'ica~es of indeb'tedness shall be
signed by the ~aYor and 0ity Manager and countersigned by the City
0lark and sealed with the seal Of said City and that said interest
coupons thereto attached shall be execute~ and authenticated by the
print_ed-,, l'ithcgraphed or engraved facsimile signature ~f the ~yor
and. city Manager.
Section §. That the full faith, credit and resources of the
City of 001umbia:iHeigTM be and are 'hereby irrevocably pledged to
provide money fo~ the prompt paym.ent o.f.p,rinci.~al and .in~t.eFes.~ of
said certificate as such principa, an~ xnzerest respec~mum±y ~oe-
come d~e.
Section 6. That such certificates' of indebtedness be use~ in
making the payments on the contracts Tot the fire apparatus for which
they were issued..
Section ?. That this ordinance Shall take effect immediately
on its passage. ~ ,z, ~:j,~~~
Passed by the 0ouncil this ~ day of , 1 ~0.
Filed and recorded with me this/~ day of~, 1930.
~ Y~~' ^ Soore~ary~of Council
CITY 0F C OLU.~;[BIA HEIGHTS~
CERTIFICATE OP IN~EBTE])NESS
l[now all men by these presents, t?-',t the City off ~o!umbia
~eights,Anoka Oounty, ~,-innesota,certi£ies that it is indebted
and for vslue received hez. eby ~romises to pay to bearer the
sum off ~o!lars ~ ) on the
day off July t9 ,to~ether with interest thereon from the date
hereof until paid at the rate off six per cent per annum,
payable semi-annually on the days off July and
January in each year in accordance with and upon presentation
and surrender off the attached interest coupons as they sever-
ally become due. Both principal and interest off this Certi-
fficate are payable at the Columbia National ~a~ ,in the City
off OoRumbia Heights,12innesota,in tawffu~ money off the United
5tares of America a~d to provide moneys flor the pro~t payment
off such principa~ and interest as the same become due the
ffaith,credit and resources off said City off Columbia Z~eights,
have been and ere hereby irrevocably pledged.
This Certificate off Indebtedness is issued by aaid 0ity
pursuant to [~nd in i'ut! conformity with the Constitution and
laws of the State off i,~i~.esota and the provisions of the Charter
off sr~Jd Oity thereunto enabling,and is is~':ued i'or the purpose
off defraying a part off the e~ense incurred or to be incurred
in the purchasing' of Fire Apparatus flor said 0ity,all as des-
cribed and set fforth by Ordinance No. off said City duly
passed and enacted on the day off ,!9~0.
It is hereby CERTti~ZE~ and REOI~i~ that all acts,conditions
and things required by the 0onstitution a~d Isws off the ~tate
of ~-i~mesota and the Charter of said Oity to have been done,
to have happened and to have been performed precedent to and
in the issuance o~ ~his Certificate of Indebtedness have been
done,have happened and have been performed ib regular and due
form,time a:~d marshier se required by !sw,snd that this 0ertiffi-
cate of naebtedness rca'ether with all other debts of said City
outstanding on the date hereof,does not exceed any col~stitu-
tional,statutory or charter limitation of indebtedness.
In Testimony ~[hereof, the City of Columbia iteights,Anoka
Oounty,~innesota,by its City Council,has caused this Ce~tifficate
o~ Indebtedness to be signed by its ~yor and City Manager and
countersigned by its City Clerk,and sealed with the seal of
said City and the interest coupons hereto attached to be exec-
uted and authe~_ticated by the fac-simile signatures of the
Mayor and 0ity l~nager and has caused this Certificate off
Indebtedness to be dated as of the ~.~/ ~ day o~ ~u!y,19 ·
~yor
City of Columbia tleights, Minnesota.
Countersigned:
City Clerk
City--ger.
(FORM O~~ COUZ0i~)
0n the day of Ouly ~January),19
~he City of Columbia ~eights,Anoha County,
l..~nne~$ta,wi].l pay to bearer at the Columbia ~ationa! ~al~c
the sum of ~o~lars,being the semi-
annual ins21!ment of interest then due on its Certificate
of Indebtedness, dated 19 . No
ayor