HomeMy WebLinkAboutOrdinance 271PPJiA3:~BLE TO ORDINANCE 27] DTPI~,T~ ~,~
OPJDI_WA}~CE E['~TiTLED "AN ORDINANCE
AUTHORIZING T~ SALE BY THE CITY
TREASUREN OF ~,~,000. EYEROENC~t DEBT
C~RTIPICA_E"
~S.~ERE~S, it became necessary to properly carry on t¼e
functions of Yunicipat Oover~.m?.ent of the City of Columbia Heiilhts to
maintain the water department, and,
~'~EPXAS, there are insufficient monies in the city %re.asuty
to pay the costs thereof and the city is therefore without funds to pay
£or said department:
T.~II£ COUNCIL hereby and ~uader this preamble declares an emer-
gency exists for the preservation of the public safety a.nd that in
order to promptly meet said emergency it is aecessar:: to pass Ordinance
271 as an emergency ordia~nce.
Passed this ]2tho£ Sept. 1,o~o.
Offered by: Lange
Sec onde d by': SpeIn~l.ant
Roil Call: Ayes All
Nayes None
cecrparf to '~e Coun~%l
Pro tem
}./!ayor
OPOlNANCE NO. 271
AN ONDINA!'[CE AUTO{OR!ZINC THE SALE DY T?DS
CITY TREASURED OF ~,000.00 NYE~7:]E:CY
DEBTS CERTIFICATE.
T,~'[E CITY OF COLU:8I~. HFIGHTS DOES ONDAIW:
Section 1. That the cit2~ of Colt'mhia }.~ei:hts, ~,,~i.nnesota does
hereb?7 authorize thc sale by the City Treasurer of (::~,000.00 emergency
debts certificate, to ke dated Sept. ]-3, !9~0 , ~o ~hear interest
at the rate of 3: per annmn, interest to be payable at 'the maturity of
said certiricate, to be n~p. ber one (!), a~d shall be pay,~b]_e as to both
pP!ncipal and interest at the Columbia Heights State Pank in the City of
eo!umbia Hei:hts, }:innesota and shall mature 12th day of Sept. 17~-to
That said Certificate shall be in substantially the fotlo~v:-~:.: form.
~LLA~:
UNITED STATES OF :2:EllICA
STATE OF lt[IN:~SOTA
CO~TY OF
CITY OF COLL~:B]A HEIGHTS
ENERGE?[CY CERTIFICATE OP INDEBTED~,~SS
TUIS IS TO CERTIFY THAT T,~:E CITY OF COLUFBIA H~':?w~e in
~:.,~o~ the
County o£ Anoka, State of ~:innesota, for' value received hereby' promises
to pay bearer the sum of ~ at the
Col~bia ~ghts, ~:innesota, upon surrender of this
ertmfzcate of indebtedness, on the , rith interest thereon
from 6ate hereof until paid at the rate of
cent per ann~, interest
payable at maturity and fop the prompt pa~~:ez~he principal and
interest of this Certificate the full faith~ credit and resources of said
City of Columbia Heights are hereby irrevocable pledged.
IN WITNESS V~[E~2EOF said City of Columbia Heights, Anoka County,
· Vinnesota has caused this Certificate to be signed by its Yayor and City
l~anager and co~mtersigned by the City Clerk and sealed ~,~'th the seal of
said City, and bas a
c usem this Certificate to be dated so or t~e
Attested:
City l{anager
~ity Clerk
It is hereby certified and recited that all acts, conditions
and things required by the Charter of said City and by the Constitution
and Laws o£ the State or £<innesota, to have been done, to have happened
and to have been performed precedent to and in issuance of 'this
certificate have been done, have happened and have been performed in
regulation and due form, time and manner and that this certificate,
together with all other indebtednesses of this city outstanding on the
date Bereof do not exceed any constitutional, statutory or charter
limitation or indebtedness.
IN WITNES? ~.~'~.~-IER_EO~~ the City of Cot~mbia Heights, State of
~,!innesota, by its council, has caused this certificate to be issued
in its behalf by its City ~'ianager and F;layor and countersigned by the
City Clerk and sealed v~th the seal of said city, and has caused this
Certificate to be dated Sept. 12, 19~0 .
~ection ZI That this certificate shall be executed in
behalf of said City by the ~ayor and City ~.~anaffer and countersigned by
the City Clerk and sealed ~,.~th the official seal of said City and the
full faith, credit and resources of said City shall be and hereby are
irrevocably pledffec~ to the performance and full payment of' both principal
and interest of said certificate v,~en it becomes due.
Section III. This Ordinance heine necessary for tha immediate
~reservation of public peace, health and safety hereby declares to be an
emergency ordinance and shall take effect i.~med.iately upon its passage.
Passed this 12 day of Sept. t9[0.
Offered by: SpeKulant
Seconded by: Trench
Roll Call: Ayes Ail
Nayes None
Pro tern
I do hereby' s~;:ear that on the
./~.ay of .October 19~0, i did cost in ten p~'~lic
places in the C~tv_ ,~ of Columbia ~'~e~+s, ~ coeies of
Ordinance ~o. 272.
S~bscribed and from to before
me this //- day oi Oct. t.~