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Home My WebLink AboutOrdinance 91 Oouncilman ./~.._ introduce~ the following ' ! preamble and emergency ordinance and the same was re~i in full: PREAMBLE TO ORDINANOE NO. ~.~_. Being an Ordinance ~titl~ "~ Ordin~ce ~ho~z~g ~e of the 0try of Ool~bla Hei~ts~ M~es~ta~ ~ ~e~l~g ~ e~ency. ~hereas, a public emergency has subjected the Oity to the necessity of making extraordinary expenditures, in. the repair of its sanitary sewers in order protect the public health, and ~hereas, ~he receipts from taxes and other sources are tnsuffisient a~d the ~ity is without funds to defray the expense incurred or to be incurred in making such repairs to its sanit~ar~' se~er system. This Oouncil hereby and un, er this preamble declares that an emergency emists for the immediate preservation of the public health and that in order to meet such emergency promptly it is ne~xary to enact Ordinance No., ~/ as an emergency ordinance. Adopted 'by ~the Oouncil December ~nd, 1930. Filed and Recorded with me this ~d day Of December, 1930. Mayor. (City Seal) -!- An Ordinance authori,ing the issuance o! $, ~m~, ,~,,~ Emergency Debt Certificates 0! the 0ity of Columbia Heights, Minnesota, and declaring an emergency. THE OITY OF COLUMBIA HEIGHTS DOES ORDAIN: _Section. i. That this Council does hereby deem it advisable, expedient and necessary to issue and does hereby au%hofius the sale by the City Treasurer of the negoti&bie emergency debt ~ertificates of the City of Columbia Heights, Anoka County, Minnesota, in the aggregate amount of $. ~O ~ a public emergency having subjected the 0ity to the necessity of making extra- ordinary expenditures in the repair of its sanitary sewerz in order to protect the public health and the reoeiptz from taxes an~ other sources being insufficient and the City being without funds .to defray the expense incurred or to be incurred in making such repairs to its sanits.ry sewer system. That said certificates shall be dated December 1, 19S0, shall m~ture December 1, 19S1, shall bear interest at the rate of 6% per ~, ps,bls Dec~ber 1, i~SI~ sh~[-:be ~ ~eno~ti~n of $ .... ~ ~ e~ch, sh~l ~e ~.. in n~er~ n~m~ered ~m 1 to ,, ~. ~th in~l.~ s~il be payable ~ to both principal ~a int'eres~ at the ~l~bia Nation~ B~ in the 0ity of 0ol~bia Heights~ Mi~emota~ ~d sh~l be smld f~r ~t less ~h~ their par value and the interest accrued thereon. That said Certificates an~ the coupons thereto annexe~ shmll be in substantially the ~ollowing form with the necessary variations as to numbers, which said 'form is hereby approved an~ adopted: ~ OITY OF OOL~IA ~iGHTS XNOW ALL MEN BY THESE PRESENTS, That the Oity of Columbia Heights, Ancka County, Minnesota~ certifies that it is indebted and for value received hereby promises to pay to bearer the sum of ............... Dollars ($ ) in l~fui ~ne7 of the" ~te~ St~te~ Of?~er~c~, ~d 'to. p~Wi~e ~ne~ '/for the hereby irrevocably 'Pledge~. ~d 0~.in~ce ~o...~ . enacted by~ the~co~c~ of said,' 0it7 o~ the Dec~be~, 1980'~ ~Pu~t to ~d ~ ~uI1 'oonfo~ity with .~he Consti~tion of the'~State of M~nesota. things :required :by, the Constitution ~d 'X~e, of the.. State of ,~sso~,. ~a~erof sai~ City to ~ve be~ done~/to ~ve happ~ed'.~t to: '~ve be6n' ~o~ e'~~'p~cedent to .~ in the/iss~ce, cf 't~is. Oe~A~icate.'h~ ~e~ done~ happened ~d have be~ perfo~e~ in(re~lar ~d d~e/f~, .t~e'~d"~er ~ired by 1~,. ~d that' ~his .~e~ifioate~.. together, with ~1 ~'o~her~"deSta' o~. sai;~ 0ity outat~d~g on the date he=eo~i~ ~d~ not ~ex~eed ~y :c~e~t~tion~ or cha~er l~i~ation of ~deBte~ess. ~ 'Tn Testimony ~hereof, the City of Columbia Heights, Anoka CoUnty, Minnesota, by :its City Council, has 'Caused 'this Certificate of indebte!ness to be signed by its Mayor and City Mamager and countersigned ~by its' City. ~erk and sealed'with the seal cf said City and the .interest coupon'hereto attached to be executed and s~Athenticated' by the facsimile ~ignatures.'of the Mayor amd ~ity Man,get. and has caused this Certificate to be dated as o! the First day o! December, 19~O. Countersigned: ....... 0ity o! Columbia Heights, Minnesota. Coupon) 0try ~er. '(3~ the FirSt day of December~ the City of Columbia Heights, Anoka C0Unty~ Minnesota, will pay to bearer at the Columbia National. Bank, Columbia Heights, Minnesota~ ..the sum of Dollmrs, being the annual interest due that date on. its ~Emergency Debt dated 'December 1, l~a0, No City Manager. ~7or. .~ection. ~. _~ That said eer. tificates shall be signed by the Mayor and 0ity Manager and countersigned by the City 01er~ and sealed with the seal cf eaid 0ity ~nd that the interest Coupons thereto attached shall Be executed and autheu~ ticated by the printed~ lithographed Or engraved facsimile signatures of the Mayor and 0ity M~na~ero =S_ect.io, n 4,',~ That the full fa~tth~ credit ~nd resources Of said City Of Columbia Heights be and ~hey are hereby irrevocably pledged to provide ~oneys for the prompt payment of the principal and interest of sai~ certificates as such principal and interest respectively become due. __Sectio,n 5~ That there be ~nd hereby is ordered levied as a part of the budget o! the followin~ years tax sufficient to redeem all such certificates at maturity. _~ection,' ,, 6,. That said Certificates when pre~ared a~d executed shall be placed in the custody of the Treasurer who is hereby authorized to sell the same to shy persons desirin~ to purchase the s.ame upon such purchasers paying therefor the par value of such certificates and the interest accrue~ thereon. ..... Section 7. That ~his ordinance be passed as an emergency ordinance, this Council dee~ing it necessary so to do. and shall tame effect immediatly upon its passage. Passed and enacted by the Council this ~nd dax of December, 19~0. ?iled and Recorded with me this Mayor. "~ 3~nd day o! December, 19~0. ~er~pon ~cil~~ ~v~ the adoption of ~e pre.bls to 0~in~oe No... ~/ , w~ch motiom w~ seconded by ~c~~~- ..... ~d upon al! ~1 ~he a~e was ~d to ~y the fol~owt~ vote: Nays: ~ ~ . Ther~pon Council~ ~./ , , ~v~ the adoption ~$ Ord.- anco. ~ ~ ~ eme~en0y ~oe~ which ~tion w~ aeconde~ by ~unc~ ~~ an~ ~pon roll call itw. a~O. ed by the follow~g vote: Nays: S~AT~, O~ ~INN~SOTA COUNTY OF ANOKA the ~um of I~ tbs undersi~ned~ the duty ohos,n, qualified and actinE Auditor of Anokm Oounty~ Minnesota, do hereby OERTtFY that the ~ssessed valuation o~ the Oity ~ O~l~bia Hei~s~ Anoka Oo~ty~ Minnesota, for the ye~ 1R~O~ ~eing the last a~sessment for ~ pos~s of ~tion ~ flatly equalized p~or to the date hereof~ and $/~ 0 ~ ~ Moneys & Cre~its in Witness Where~, I ~ve her~nt~ set my h~d ~d cffici~ (Seal) C~unty Auditct', STATE OF MINNESOTA COUNTY O? ANOKA the under~igned~ the duty chosen~ qu~lif!ed and acting Clerk c! the City of ~olumb!m Heights, Anoka County, Minneeotm, do hereby CERTIFY ~hmt the indebtedness cf said City eutstanding aa of the 1st day of Janua~y~ 3B0282.04 1931~ wa~ the sum of $ ................. censistinE of the fo!lowlnE !ssumm: Description. of Issue 'v~at er works ' ........ Street Improvement Refunding ~ater works State Loan State Loan Sewer Refunding sewer efund~ng L'~iscl Mis¢l~mprovement warrants __Amount0~ztandinE 58,000,00 19.000.00 44.500,00 12,000.00 4.000.00 3,000,00 70,000.00 12,000.00 1~,000.00 84,782.04 .. 2/, y4 2 2/~,44 19Z9 In Witness ~hereof, I haws hereunto set my hand and the official seal of said 0ity this 29t~ ~ecomber ~0 y o~ 1.::: 1~