HomeMy WebLinkAboutOrdinance 281PRE~.BLE
PREAMBI.E TO ORDINANCE 281 BEING AN
ORDINANCE ENTITLED "AN ~RDINANCE AUTHO-
RIZING THE SALE BY THE CITY TREASURER
OF $30~000. EMERGENCY DEBT CERTIFICATE".
~EREAS, it became necessary to properly carry on the
functions of ~lunicipal Government of the City of Columbia Heights
to proceed with the installation of sewer and water mains, and
¥~{EREAS~ there are insufficient monies in the city treasury
to pay costs currently due, and the city is therefore without funds
to pay for contract payments now due,
THIS COUNCIL hereby and under this preamble declares an
emergency exists for the preservation of the public safety and that
in order to promptly meet said emergency it is necessary to pass
Ordinance
Passed this
Offered by:
Seconded by:
Roll Call:
281 as an emergency ordinance.
26 day of June, 19~1.
Ayes: ,.A.11
Nayes:
Secretary to the Council
Mayor
ORDINANCE NO. 281
AN ORDINANCE AUTMORIZING THJ~ SALE BY THE
CITY TREASURER'OF $30,000.00 E}~ERGENCY DEBTS
CERTIFICATE.
THE CITY OF COLUMBIA HEIGHTS DOES ORDAIN:
Section !. That the City of Columbia Heights, Minnesota
does hereby authorize the sale by the City Treasurer of $30,000.00
emergency debts certificate, to be dated June 27, 19~1, to bear
interest at the rate of 3% per annum, interest to be payable at
the maturity of said certificate, to be numbered one (!), and shall
be payable as to both principal and interest at the Columbia Heights
State Bank in the City of Columbia Heights, Minnesota, and shall
mature June 27, 1952.
That said certificate shall be in substantially the follow-
ing form:
NU~BER
DOLLARS
UNITED STATES OF AMERICA
STATE OF MINNESOTA
COUNTY OF ANOKA
CITY OF COLUMBIA HEIGHTS
EMERGENCY CERTIFICATE OF I~EBTEDS~SS
THIS IS TO CERTIFY T?TAT THE CITY OF COLUMBIA HEIGHTS, in the
County of Anoka, State of Minnesota, for value received hereby promises
to pay bearer t~e sum of $ at the
Columbia Heights, Minnesota, upon surrender of this
~ertificate of Indebtedness, on the , with interest thereon
from date hereof until paid at the r~te of per cent per annum, interest
payable at maturity and for the prompt payment of the principal and interest
of this Certificate the full faith, credit and resources of said City of
Columbia Heights are hereby irrevocably pledged.
IN ~gTNESS ~EREOF said City of Columbia Heights, Anoka County,
Minnesota has caused this Certificate to be signed by its Mayor and Oity
Manager and countersigned by the City Clerk and sealed with the seal of
said City, and has caused this Certificate to be dated as of the
, 1951.
Attested:
c¥'ty Manager
City 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 of the State of Einnesota, 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 hereof do not exceed any constitutional, statutory or charter
limitation of indebtedness.
IN WITNESS YfHEREOF the City of Columbia Heights, State of
Minnesota, by its council has caused this certificate to be issued
in its behalf by its City Manager and 5~,ayor and countersigned by
the City Clerk and sealed with the seal of saidicity, and has caused
this Certificate to be dated~_~~-/f~U'/
Section II. That this certificate shall be executed in
behalf of said City by the Mayor and City 5~anager and countersigned
by the City Clerk and sealed with ~the official seal of said City and
the full faith, credit and resources of said City shall be and hereby
are irrevocably pledged to the performance and full payment of both
principal and interest of said certificate when it becomes due.
Section III. This Ordinance being necessary for the
immediate preservation of public peace, health and safety hereby
declares to be an emergency ordinance and shall take effect immediately
upon its passage.
Passed this
Offered by:
Seconded by:
Roll Call:
26 day of June !9~1.
Trench
, Spekul~ut, ,.
Ayes: .. All__
Naye s:
Secretary to the Council~
~ayor ~