HomeMy WebLinkAboutOrdinance 137 Councilman ~~ _ _offere~ the following preamble and
ordina /" ~
nce and the same was, read in full: ~ ~~'~~'
PREAMBLE TO ORDINANCE NO.~/~7_. .
Whereas, it is necessary pursuant to Section 77 of Chapter 8
of the City Charter for this City to issue its Certificates of Indebt-
edness, and
Whereas, said section provides that the ordinance providing
for the issuance of such certificates may be passed and enacted as an
emergency ordinance
This Council hereby and under this preamble declares that an
emergency exists for the immediate preservation of the public pea'ce
and safety and that in order to promptly meet such emergency it is nec-
s to pass Ordinance No. /.~_y. as an emergency ordinance.
',"es ary Adopted by the Council~_ ~~, 193~
'
Filed and Recorded with me this
Secr~ry of t~he council.
ORDINANCE NO. ~
An Ordinance authorizing the issuance of Certificates
of Indebtedness of the City of Columbia Heights in
the amount of $. to
defray the expenses incurred or to be incurred in making Local Improve-
ments Nos. 39, 40, 41, 42, 43, 44, 45, 46~ 47, 48, 49/ 50, 51, 52, 53,
54, 55, 56, 57, 58, 59, ~nd 60, and fixing the form thereof.
The City of Columbia Heights does' ordain:
Section !. That this Council hereby finds and determines that
there were heretofore duly and legally ordered to be made certain
local improvements and that said improvements and the expenses incurred
in the making thereof are as follows:
Local Improvement_No
Local
50 -
51 -
52 -
53 -
54 -
55 -
56 -
57 -
58 -
59 -
60 -
61 -
62 -
Improvement No.
s7~.9o . .
1490~84 _ _
,.1.166.0~ . .
188.~80
165.88
300.00
600. OQ_ ~
8.79.oo . .
206o.s5
1.245,27,
$ 181.4~
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Section 2. That in order to defray in part the expenses in-
curred or to be incurred in the making of sai5r local improvements it is
necessary at this time to issue the City's Certificates of Indebtedness
in the ag~fregate amount of $ , and this Council hereby
determines to issue such certificates in said ~uount. That said certif-
icates shall be dated August l, 1937, shall bear interest at a rate not
to exceed ~-?~ per annum, payable semi-annually on the ¢irst days of Febru-
ary and August in each yesr, shall be in n~uber, n~ufoered from !
to , both inclusive~ shall be payable as to both principal and
interest at the First National Bank and Trust Compa,ny?.;in the City of
Einneapolis, Minnesota~ sna_l be in the following denomination:
and shall mature in the order of their numbers, lowest n~abers first,
as follows:
Section 3. That of said certificates the following amounts
shall be applicable to each of %he several local improvements:
Local Improvement Amount Amount
Local Improvement
No. No.
3~ $_ 50 ~ s?~. ~o
4e $, 2~.00 _. 53 $,, 418.. 41
43 $ ~s~.oo 54 $ ~ss.~
44 $ zzo,oo 55 $ ~65.ss
45 ~ .... ~sg~,zo _ 56 ~ ~o,oo
46 $ ~_o~ 57 ~ 600,00
47 8. sss,05 _ 5S $ s79.oo .
48 8, 175,oo 59 $, 2060.35
~9 $ 72~. Sa 60 $ 1245.27
61 $ 1822.,0Q . _
Section 4. That said Certificates of Indebtedness and the
coupons thereto annexed shall be in substantially the following form
with the necessary vairations as to ~humbers and maturities, which
said form is hereby~ approved and adopted:
UNITED STATES OF AMERICA
STATE OF MINNESOTA
COUNTY OF ANOKA
CITY OF COLUMBIA HEIGHTS
CERTIFICATE OF INDEBTEDNESS
KNOW ALL MEN BY THESE PRESENTS, that the City of Columbia
Heights, Anoka County, Minnesota, certifies that it is indebted and'
for value received hereby promises to pay to bearer the sum of
Dollars on the First day of August, 19 ...... ~ ,
together with interest thereon from the date hereof until paid at
the ~rat~ of per cent per annum, payable semi-annually on the
First days of February and August in each year in accordance with
and upon presentation and surrender of the attached interest coupons
as they severally become due. Both principal and interest of this
Certificate are payable at the First National Bank and Trust Com-
pany in the City of Minneapolis, Minnesota, in lawful money of the
United States of America and to provide moneys for the prompt pay-
ment of such principal and interest as the same become due the full.
faith, credit and resources of said City of Columbia Heights have
been and are hereby irrevocably pledged.
This Certificate of Indebtedness is issued by said City pur-
suant tO and in full conformity with the Constitution and laws of
the State of Minnesota and the provisions of the Charter of said
City thereunto enabling, and is issued for the purpose of defraying
a part of the expenses incurred or to be incurred in the making of
local improvements in said City, all as described and set forth by
Ordinance No. /~ of said City duly passed and enacted on the
day of , 1937.
It is hereby CERTIFIED and RECITED that all acts, conditions
and things required by the Constitution and laws of the State of Minne-
sota and the Charter of said City to have been done, to have happened
and to have been performed precedent to and in the issuance of this
Certificate of Indebtedness have been done, have happened and have
been performed in regular and due form, time and manner as required
by law, and that this Certificate of Indebtedness, together with all
other debts of said City outstanding on the date hereof, does not
exceed any constitutional, statutory or charter limitation of indebted-
ness. ,
In Testimony Whereof, the City of Columbia Heights, Anoka County,
Minnesota, by its City Council, has caused this Certificate of In-
debtedness to be signed by its Mayor and City Manager and counter-
siged by its City Clerk and sealed with the seal of said City and the
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interest coupons hereto attached to be executed and authenticated
by the facsimile signatures of the Mayor and City Manager and has
caused this Certificate of Indebtedness to be dated as of the First
day of August, 1937.
~z ~ayor~~ -
(Dountersigned: City of Columbia Heights, Minnesota.
City Clerk
City Manager
Form of Coupon )
No.. ..... On the First day of February (August), 19 , the $
City of Columbia Heights, Anoka County, Minnesota, will pay to
bearer at the First National Bank and Trust Company in the City of
Minneapolis, Minnesota the sum of Dollars,
being the semi-annual installment of interest then due on its Cer-
tificate of Indebtedness, dated August l, 1937, No. .
City Manager ~/~' Mayor~~~"
Section 5. That said Certificates of Indebtedness shall be
signed by the Mayor'and City Manager and countersigned by the City
Clerk and sealed with the seal of said City and that said interest
coupons thereto attached shall be executed and authenticated by the
printed, lithographed or engraved facsimile signatures of the ~ayor
and City Manage~.
Section 6. That the full faith, credit and resources of said
City of CoLumbia Heights be and they ~re hereby irrevocably pledged
to provide moneys for the prompt payment of the principal and in-
terest of said certificates as such principal and inZerest respect-
ively become due, and if the moneys received from assessments levied
for such improvements are insufficient to meet the payment of prin-
cipal and interest of said Certificates of Indebtedness the Council
shall provide the moneys for the payment of same.
Section 7. That this Council will meet on the day of
... , 1937, at o'clock . . . M., at the City Hall in
said City to receive and consider bids for such Certificates and
the Clerk be and she hereby is authorized and directed to give due
notice of such sale by publishing a notice thereof once in each week
for two successive weeks in the official newspaper of said City.
Section 8. That this Ordinance shall take effect immediately
upon its passage.
Passed by the
MayorQ :
S;Cre~rY~of the OounSil.
','}TATE OF MInnESOTA
COUNTY OP ANOKA
SIGNATURE
We, the undereigned~ being respectively the duly cho~en~ qua!-
and Treasurer
lfied and acting ~yo~, City Nanager and City Clerk/of the City of
Columbia Heights, Anoka Gounty, Nin~eota, do hereby C~RTI~
we did ~on the ~. ......... ~day of ..... ~ ~ ~_, 19Z?~ In our official
capacities as such officers, sign o~ own prope~ na~es and affix the
official seal of said City ~o $18,~00~00 Ger~!ficate~ of !ndebtednezs
of ~aid City. Said Certificates are ~ted October l~ 19Z7~ ~re Z7 in
n~ber, numbered f~m I ~o ~7~ both Inclusive~ are in the denomln~tio~
of ~800.00 each, bea~ intere~t at the r~te of G~ per annum~ payable
semi-annually on ~he Flz~et ~y of April and October in each y~ar, pay-
~ble ~s ~o bo~h principal and inter~S~ at ~e First NatiOhal B~nk and
Tru~ Company in the City of ~inneapoli~ ~in~sota~ ~nd ~ture in the
order of their numbers, lo~,e~t numbers first, a~ follo~'s: ~l~O00 on
October l, 19~8; $~,000 on October l, 19~9; ~Z~O00 on October ls~ in
each of the ye~.re 19~, 1941 ~nd 1942; SB~500 on October l, 194~ ~nd
$1,000 on October 1st In each of the years 194~% 1940~ 1946 and 194~.
We ~ther C~TI~ ~ha~ we now are and were on the date of
such certificates and on the ~te of signing and delivering such ce~tif-
lea~e~ ~ d~y chosen, ~uallfied and acting officers indicated herein
and duly authorized ~o execute the same and hereby ra~ify the facsimile
signatures of the ~yor and ~he City ~nager on ~he coupon~ at%~ched
~o each and ~l of ~aid certificates ~as the ~rue and proper signatures
for the execution thereof.
~e furthe~ CERTI~ tha~ said certi~icate~ were in all respects
duly executed pursuant to authorlZy oonfe~red on u~ as such officers;
~ha~ no other obligations have be~n i~eued pursuan~ ~o such author-
ity; that none of ~he proceedin~ or records which have been certified
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the purchasers or their attorneys have in any manner been amended,
changed or repealed, and that there have been no cl~anges in the finan-
cial condition of ~he City or in the fae~s a~feoting 8~td cer~ifica~es
not ~hown by the proceedings furnimhed, ezceDt ~he ordinary financial
~ansac~ions of the city.
~e further CE~tTIPY ~ha~ there is no litigation uhre~tened or
pending ~uestioninE the organization or boundaries of ~he City o~ ~he
right of any of us to ou~ ~espeo~ive offices~ or in any manner quest-
loning our ri~t and power ~0 ~xeou~e and deliver ~aid cePtlfioa~es
or otherwise questioning ~he validity of said.certificates.
In w. itness Whereof ~:e ~ve hereunto ~et o~r hands and the
official ~eal of said 0ity this .~.day of ~, 1987.
~yo~
(~eal) O~tty ~anager
....... ~l~Y :Cl-e~k and 'T~-~asu~er
STATE OF ~ESOTA
I, %he undersigned, do hereby 0~RTIFY that I am' ~ell aoquainted
with Mr. Louis w. Bamsett, }~r. Herman W. Earrow and ~rs. Mazel Trucker
tha~ said persons are the ~ayor, City ~anager, .an~,Oity Clerk and
Tl, eaeurer, respectively, of the City of Oolumb~a HeiEh~s, Minnesota~
and fha2 the sig~tures above ~rlt~en are. the true and cor~ec2 sig-
natures of said officers.
~TATE OF MI~tNEMOTA
COUNTY OF ANOEA
I, ~he undersigned, ~he duly Chosen, qualified and ac~ing
Treasurer of ~he City of Columbia Heigh~, AncOna County, Minnesota, ~
do hereby
1987, dUly received from ~' Kalman .&~ Company
being the purchase Driee of $18,500.00 Certiflco. tes of Indebtednesm
of the Oity of Columbia Heighte, ~inne~ota, dated October !, 19G7
and bearing inte~'es~ at ~he rate of ~% per annum, being $18,500.00
of the actual delivery of ~id Certificates to the purchaser ~hereof
and paymen~ therefor.
In Witness Wher~f I have hereunto set my hand and the offiCiAl
~eal of said Cigy this ~- ~y o~ ......... ~ !9~7.
(
RESOLUTION.
WHEREAS, the City Treasurer has thiS. day been duly authorized
to sell $ ~ ~0..~ Emergency Debt iCertific~te, to be dated
the 3< %' day of ~ ~,~,~% 193~ , to bear interest at the
rate of Six per cent per a~num~ ~payable ~t the m~turity of said
certificate ~nd both principal and interest bo become due and
WHEREAS, there is sufficient money in the Sinking Fund to
take care of the demands thereon~ and it is desireable and bene-
ficial to the City of 'Columbi~ Heights, Einnesota, to invest mon-
eys in the Sinking Fund in said Emergency Debt Certificate.
MOW THEP~FOBE BE IT RESOLVED by the City Council of the City
of Columbia Heights that $. _52~.~E0.o~ be transfered from the
Sinking Fund and invested in said Emergency Debt Certificate. Up-
on the Haturity of said Certificate the amoun~ thereof and inter-
est is to be returned forthwith to the Sinking Fund.
~urther Resolved'that the City Treasurer be and she hereby
is authorized and directed to make the necessary transfer ~nd ~in-
vestment in ~ccordance with this Resolution.
Secreta~ to the Co~zncil
Filed thais ~ y _, 195~.
Offered by
Seconded by
Roll C~ll