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HomeMy WebLinkAboutOrdinance 104 .... " ~ ra!nance authorizing Be~nS~x .~ Ordin~dace emtit!ed, by the Oity Treasurer of $ ~~~ ~nerj~ency D~bt the C~srti .... ~lO~e. V{hereas owi~!6 to She excessive delinquency in the r~oei~ ~ o~s frd~ ~s.~es and other so-~ces, one receipts taxes and other so~ces have fop such unforseen causes become insufficient for tho orGinary expenses ~ the City and City is without funds to carry om ~nd pa~ the cost of City Govern~ent ~ T}IS COI2~C!L, hereb3; and ~er this pre~ble declares that an emergency exists fop the i_rEediate preservution of t~s ?ublic peace {~nd sa!cry and that in order to meet such emergency it is neo~ssary to pass Ordinance ?o. as an emergency ordina~ce. P~_~Ssed by the Council, J~:.nuary ~/~ 1933. }~ayor AY 'OR D !iT ~,'TCE 351TrHOR i Z i!f G ~ ~ _~H~ S~,%E BY T~ CITY RM~RG~TCY DEBT The City of Columbia Heights does Ordain: Section 1. That the City Council of the City ct~ Col~uabik lieights, Kinnesota, does hereb~ authorize the sale by th.; City Tr,sasuz'er of ~7.~ ~._~-~~ Emera'enc'/ D~bt Certificate, to be dated the 2~dev o-r Jc.nua~y, ~_953, to bear in~erest at the rate of slx }per cans Der an:tun, interest to be sayable at she maZurity of saia Certificate, to be in nuzaber one (1), c~nd shall be payable as to both principal and ins_rest at the Central ~{_tionat B:~nk, and sh~l mature on July I, 1933. That said certificate shall be in substantially the foliowiag form: Ho. i IilYITED STATES d,P PY.?~RICA ST~TE 0P N!i?ESOTA . COLq?~f OF fG~OKA CITY OF COLDU~IA ~I,GHTS This is to cer~zf~ that t}.~e City of Coiu~bia Hei~'hts, in the County cz Anoka and State of "~.~ ~ is indebte~ to aha ret value received ~ereby }romlses to p~ to the ben, ret hereof on the !st day of Juiy~ 193~, the s'e~ of ~~ ~ a.t she Central National Bank~ with interest ~He~eon from the date hereof ~til o~.id at the rate of six per cent per ann~ upon pre~s~.~ation and surrencer of this o :BP t ii _oats. This ,¢crtific"te for ~ is m.sued by sa~d City Col~bia Heights, ~{innesota to .Brovide~ for temeorar7 deficiencies in the revenues of said City, the ;:'eoeipts from taxes amd other ~ o':' insuf~ zo!ent sourcea havinG from unforseen causes bec .... ~e ~' ' zor the ordinary expenses of the City ::~nd ~ is issuea nursuant to the Charter of the s~:..id City and She Consti~ut~on :.nd laws of the St:.te of Ninnesota there.%to enabling and in full conformity thor :with, in accordance with the -provisions of I~ zs hereby ,~ezti led and Recited t~t all e.~ous, conditions C~a~ ~er of said City._~*-*-:~a b~*~ the and things requires by the ~ -~ Consitution and laws of the Stateof },{inmesota, to have been done, to have haDpened :~nd to have been 2er~.~moa precedent to and in issuance of t~is certmz_c__te have been done, have and ha~e been eerformed in regular and due form, tim~-~s and manner, and that this certificate, touether with all other indebtedness of the said City outstanding on tho date hereof does not exceed any constitutional, statutory or charter limi%ation of indebtedness. In Witness whereof, said City of Col,~ibma ~ights, :dno~: b~. · ~ -- ~ ~ ~ ,- Co'~ty, }"innesota, ~ zts ,~o~mo~, ~R.s causea this cersifioate to be executed in its behalf by hhe }~ayor aRd Clt~ ...... countersigned by the Citz* Clerk, cna sealed wish its official -' --+~-ate to be dated as of the ~-~ S~aA~ :..i~ has caused this d~:~y of J~.~nuary, 19'.33.