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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