HomeMy WebLinkAboutOrdinance 86 ~hereas, the
~e~ ~e b~ ~ ~ ~ t~e up ~d ~F e~d ~~t, the
~t~ w~ ~e~o~ ~v~
e~er ~ ~v~t u~n~ lit~t~n
t~t ~ o~er ~ p~tly
~opte~ by t~ ~oiI ~y 8~, i9~.
theorem.
~1); T~t' for ~he ~U~oSe O~ ~i~ ~d ~t~ ~ 3~~ l~ ~ ~ the
payable $~-~ly on the ~i~t h~' or ~a~ ~ ~7 ~ ~h year;
~ ~temt berg .parle at the ~t, ~a$~ ~k in ~he City of
~,~ on ~y lei ~ o~ Or the ~ ~m lgS~ to X9~9, both ~olusive.
-1-
Oomaty~ Xtnnesot&~ seknowledsel, ~teolf lndebtod~nd for va~uo received he~b~
($X,~) ~ mue7 o~ ~e ~lte~ States or ~eflea, to~ethe~ wi~ ~terest ~he~on
at '~e:m~e Or bix per o~t per ~u, ~yable o~-~ly on ~e
J~ ~ ~12 ~ e~h year ~ acOo~oe wish ~ upon p~a~tation ~d su~er
o~ the ~te~st e~pons he~to'att~he~ ~t~ p~cip~ ~d ~terest of t~is bon~ a~
payable at the Fi~t ~ation~ ~k~ ~ tho ~7 of ~eapoli~, ~nesota~ ~d for the
~ull f~th. or.it ~d ~eeOurcee 'of ~l~' ~t~ ef ~b~
~mS Boa~ i~ One of ~'i,~e of 'bon~,~' ~1 of like '~ate ~ tenor,: except
~ to ~mritios, ~d ~s isluodb7 l~d City ?or the pu~ee o~
eo~fo~ty with th~ ~netitution ~d. l~s o~ tho ~tate of ~esota.
th~s re~i~d by '~e Conoti~tio~ ~d t~S'of the State of'M~nes°ta ~ ~ve be~
de~e~ to have ~pp~od, ~d to ~ve be~ per~o~ p~ced~ to ~ ~ the 'i8~oo
or t~s bona h~ been ~ono, h~ ~eno~ ~d ~ ~e~
due form, t~ue emd~ msr~er,~ that pz'Xor to the~ issuance heroo£ a di~e~ ~ ~t~ h~
be~ le~ u~on ~1 't~e t~ble p~Pe~F ~ '$~d ~ty~ a s~ ~t less t~ '~i~e
(5) per c~t ~ ~e~s of. the ~ ~i~ ~: pay the ~pr~cip~ ~d ~te~st her~r
Wh~ ~ ~ ~ 'p~ciP~ ~d ~terost '~oo~ '~ue; ~d tht this. bond, ~gether with
~ o~er ~debte~s of saiA ~ty ~tat~ing on ~e hte hereof, does not ex~ee~ ~
I~ WiTI~E~S ~OFf .sai~ city of C~lumbia Heights, ~oka ~ty, R~esota~
~ ~c~e~ ~is bond to ~e o~ted ~i~ 'its ~be~f by the h~r '~d bY ~e ~ty
~er ~ o~te~~ by ~e. ~ity. ~e~d le~ with its of fioi~ s~,
~ ~o~ed the inte~et O~pons he~to'a~t~hld to be executed wf~ the ~s~ile
s~~s of the .~7or ~d ~ity ~er ~ ~ c~ed Shit bon~ to be dated
Mayor,
City o! COlu~bi& HeightS, Mi~nes°ta.
Counteraigned ::~ ................ : _ ,: _ __
City Clerk. "
city
City Manager.
:s~~e o~ t~ ~7or ~d ~tY ~~, ~',$~t the ~1 '~th~~ Ore, it ~d ~
· ~ of I~4 City a~X be ~d th~y ~ he~by i~eToC&bly pledge~ t~ the p~t
~d f~l pa~t of ,tho'p~eip~ ~4 ~te~lt O'f each ~ ~1 of ~id bon~ ~ ~
(4} ,th s buno =aref 7 ex m ed
WO~ .~d laboP pe~o~ed ~d ~te~l ~ilhe~ ~d that ~ ~ud~t for such moneys
w~ l~l~y. ~de~d, ~et the City ~ioh ~ts in the ~gate to ~e
$~ ~d that said JuSt ii+ mt~ll '~)ai~ m~ the Oit7 is l~lly
~4ebte~ on
s~d ~u~t to s~d ~t ~ ~hat sUCh Jud~ is p~per ~ be
~nd~ ~to bondo~ ~d that ~he p~e~,~v~ from the s~e of this. $7.000
bf~di~ ~n~s be appli~ by tho T~~r ~ far ~ they will auil for the pu~e
to the pa~t of ~eh J~t ~d ~te~t' ~e~on ~d tho Trea~r ia
t~u~ ef the Oity'~e ~t o~ ~heL~ bid ~he~for;
the~ he ~ he.by is levi~ on ~1 th~ table p~pe~y ~ sa~d City a divot ~u~
$~ in ~ ~t ~ot less th~ 5~ ~ ~o~ O~ ~he ~ ~ired to pay the p~eip~
~d ~teres~ o'f l~d bonds ~ ~e s~o ~$~ ~ fOllows:
(6) ~t the ~t7 ~e~ be ~ she he.by is ~tho~se~ ~ tireotet to
~G~h s ~e~i~i~ oo~y of the ao~lon of the ~o~ ~ le~g t~s ~ to the
~tY ~itor by ~Om such ~ s~l be ezt~d~ ~d ~sessed as ~ other City t~e8.
(Y) ~t ~ o~i~ee ~ 'hl~by ~eal~d to be ~ ~~ey o~oe
aad shall '~t~-~feot ~e~iately ul~n its passage,
~Aled aud ~eoorded wAth me 'this
,Sth day of J~ly, 1980.
oreta~ of th Council
Mayor. -
,T~erevp~ ,said preamble was ~lare~ Se ha~e been ~Aly~ agreed tc by at
least
~e~lare~ ~uly a4ep~eA a~ aa emergeney or~inanom.
STATE 0~ EINNESOTA)
COUNTY
I, the undersigned, ~the duly chosen,qualified ~nd acting
City Olerk ef Oity of ~olumbia Heights, Anoka ~ounty, minnesot~,
de hereby
CERTIFY That 1 have carefully compared the copy of
Ordin~nce dumber 86 and preamble thereto deolsring ~n emergency
with the original of such or~in~nce ~nd preamble ~s ~dopted
~y the 0try Council at its regular meeting held on the 8th
d~y 0£ ~uly,19~0,as the s~me was duly filed in the book kept
for that purpose by the ~ecret~ry for the Oouncil, now on file
in my office, end that the s~me is a true ~nd correct copy of
the whole thereof~
In Witness ~hereof, I have hereto set my h~nd and the
official se~l od ssid ~ity this 9th d~y of ~ugust,19Z0.
(Oit2 Oeal ~
City Clerk