HomeMy WebLinkAboutOrdinance 140PREAtvIBLE T0 ORDINANCE NO.
Being an Ordinance entitled "An Ordinance Authorising
the sale by the City Treasurer of ~,~'~"0~, CO Emergency Debt Cer-
tificate''
WHEREAS, owing to the excessive delinquency in the receipts
from taxes ~md other sources, the receipts from taxes and other
sources have for such unforseen causes, become insufficient for the
ordinary expenses of the City, and the City is wJt, ho~t funds to
carry on and pay fhe cost of City Govern=ent:
THIS COUNCIL, hereby, and under this preamble declares
that an emergency exists for ~he immediate preservation of public
peace ancl safe~y and that in order to promptly meet such emergenc.y
it is necessary to pass Ordinance No. ~-?~as a emergency ordinance.
Passed Sepb~mber~TM, 193,~.
Offered
Seconded
Roll Call
SecretarTto the' Council.
ORDINANCE NO.
AN ORDINANCE AUTHORIZING THE J~,~fLE ny THE CITY TREASURER
, , /~ E[~RGENCY DEBT CERTIFICATE.
The City of Columbia Heights does ordain:
Section 1. Elast the City Council of the City of Columbia
Heights, ~inneso~a, does hereby authorize ~he sale by the City .Treas-
urer of $ 3~c~. ~'
/~ Emergency Debt Certificate, to be dated the
~day of ~ 193~, to bear in~erest at the ra~e of
~per cent per annum, interest to be payable at the maturity
of said Certificate, to }'~e in number one (i), and shall be payable
as to both principal and interest st the Eidel'Z~yT~[S~at~l Bank, in
the City of ~[inneapolis, Minnesota, and shalil mature on the ~/__~
That the said terrific@re shall be subs*~antially the
T~NITED STATES OF AMF. RICA
STATE OF ~INNESOTA
C OT~{TY OF ANOKA
CITY OF COLUf~IBIA ~IGHTS
This is to certify that the City off Columbia Heights, in
the County of Anoka, Stat~ of Minnesota, is indebted to and for
value ~eoeived hereby promises ~o pay to the bearer ~ereof on the
~an' [ ~'a~k, with {nterest thereo~ from ~he da~e hereof u~ti! paid
a~ tho ra~e of per cent per annum Dpon ~-he presentation and sur-
rended of this certificate. '
This certificate for ~.~/:~is issued by said City of
~o provide for temporary deficiencies
Columbia Heights, Minnesota, . ~ _
in the revenues of said City, the receipts from taxes and other sources
having from unforseen causes ~ecome insufficient for the ordinary
expenses o~ the City and is issued pursuant to the Charter of said CitM
and ~he Constitution and laws o~ the State o~ i~inn~sota thereunto
~nabling and in ~ull congormity therewith in accordance with the
provisions of ordinance No.
It is hereby C~rtified and Recited that all acts, conditions
and ~hings required by tho Charter o~ said Cindy and by .~h~ Constitution
and laws o~ the State o:~ Minnesota, to have ~'.: : to have happenea
and to have been performed, precedent to an~ in issnance of this cer-
tificate have been done, have happened, and have ~een performe~ in
regular and due ['orm, t:i~es and manner, and that ~his certificate,
together with all other indebtedness of said City outstanding on the
date hereoe does hOe exceed any constitutional, Statutory o~~ Charter
following form:
limitation of indebtedness.
In Witness whereof, said City of Colum':i:.: Heights, Anoka
County, State of Minnesota, by its council, has caused this certi-
ficate to be executed in its bohalf by the ~,~ayor and City Manager,
and c ounterstgne~ by the City Clerk, and scale with tho official
seal, and has caused 'this certi'~'icate to b~ dated as of the ~/~
day of ,
/
Section 2. That this certificate shall be ezecuted in behalf
of said City, by the Mayor and City Manager, and countersigned by the
City Clerk, an,-] sealed with ffhe 6ffic!al seal of said City and ~he
f~ll faith, credi'~ and resources of said City shall be an:~ hereby
are irrevocably pledge~ to the prompt and ft;l.l pa?,,w~ent ce ~oth prin-
cipal and in~erest o? said certificate when it becomes due'.
Section 3. That the City 'Treasurer be and she hereby is'
authorized and directed to sell said certificate at not less than
par valise and accrued interest.
Sectio~ 4. That this Council hereby declares that an
emergency ezists for the prompt issuance o? sai~ Emergency Debt
Certificste owing to the fact that receipts from taxes an~3 other
sources have from unforseen causes become fns:~fficient for the
ordinary expenses of the City.
Section 5. That this ordinance being necessary for the
immediate preservation o~ the public peace, health, and safoty is
hereby declared 'to be an emergency ordinance an,~ shall take effect
immediately ~pon its passage.
P. aase~] S~ibt~]~er~,~ 193V.
Offered:
Roll Call.
Aye s :~ ~.~. ~ . ./ ~ //
Secretar~:~o :he Council,
STATE OF NINNESOTA
COUNTY OF ANOKA
SS
I, the undersigned, ~e duly chosen, qualified
and acting Clerk of the City of Columbia Heights,
Anoka County, Minnesota, do hereby
CERTIFY that I have carefully compared the
attached copy of Ordinance No... J~O with the original
of such Ordinance as the same was duly passed and
enacted by the City Council of said City at its meet-
lng duly and legally called and held on the
day of ~ , 1937, at which maetlng all members
of said Council were present, except ,
as the same is now on file and of record in my office
and that the same is a true and correct copy of the
whol9 of such Ordinance No.....j ~0.
In Witness Whereof I have hereunto set my
hand and the official seal of said City this ..
day of . . . ~2~. ..... , 1937.
City Clerk
(Seal)