HomeMy WebLinkAboutOrdinance 313PREAMBLE
PREAMBLE TO ORDINANCE N0.3t3 BEING AN
ORDINANCE ENTITLED "AN ORDINANCE AUTHOR-
IZING THE SALE BY THE CITY .TREAS3RER OF
$15,O00. EtZERGENCY DEBT CERTIFICATE."
WHEREAS, it became necessary to properly carry on the functions
of Municipal Government of the City of Columbia Heights to proceed with
the Permanent Improvements; and,
WHEREAS, there are insufficient monies in the ciby treasury to
pay costs currently due, and the city is therefore without funds to paY
for contract payments now due;
THIS COUNCIL hereby aud 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 No. 313
as an emergency ordinance.
~Passed this:
Offered by:
Seconded by:
Roll Call:
28th day of July~ !9~q3
Deeble
Ayes: All
Nays:
Secretary to the Council
ORDIN~1GE NO. 313
AN ORDINANCE AUTHORIZING THE SALE
BY THE CITY TREASURER OF $%5,000.
t~ERGENCY DEBT CERTIFICATE.
THE CITY OF OOLUMBIA HEIC~HTS DOES ORDAIN:
Section I. That the City of Columbia Heights, Minnesota does
hereby authorize the sale by the City Treasurer of I~5,0OO.00 emergency
debts certificate, to be dated ~ to bear interest at
the rate of 3% per annum, interest to be payable at the maturity of said
certificate, to be numbered one (1), and shall be payable as to both
principal and interest at the Columbia Heights State Bank in the Cityo~
Columbia Heights, Minnesota, and shall mature
//
That said certificate shall be in subs~tially the following
NUMBER
~LL~S
UNITED STATES OF ~ERICA
STATE OF MINNESOTA
COUNTY OF ANOKA
CITY OF OOLUMBIA HEIGHTS
EMERGENCY CERTIFICATE OF INDEBTEDNESS
THIS IS TO CERTIFY ~AT THE CITY OF COLUMBIA HEIGHTS, in the
County of Anoka, State of Minnesota, for value received hereby promises
to pay bearer the sum of $/~'c~ at the
Columbia Heights, Minneso]~$, D~pon.~ur~render of this Certificate of In-
debtedness, on the _~~ /~'~) ~. , with interest thereon from
date hereof until paig Et thC'rate o'f ! ~ .per cent per annum, interest
payable at maturity, and for the prompt ~ayment 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 WITNESS WHEREOF said City of Columbia Heights, Anoka County,
Minnesota has caused this Certificate to be signed by its Mayor and City
Manager and countersigned by the City Clerk and sealed with the seal oft
s~ Ci~, and has caused this Certificate to be dated as of the ~
,19~.
Attested:
City Manager
City Clerk
It is hereby certified and recited that all acts, conditions and
C '
things required by the Charter of said City and by the onstztutzon and
Laws of the S~te of i~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 %~ith all
ether indebtedness of this city outstanding on the date hereof do not
exceed any constitution, statutory or char~ter limitation of indebtedness.
IN WITNESS WHEREOF the City of Columbia Heights, State of Minne-
sota, by its council has caused this certificate to be issued in its behalf
by its City Manager and Msyor and co,inter signed by the City Clerk and
sealed wi~ the seal of said city and has caused this I~.~rtzf~cate to be
dated ?,,~_¥ .~. · 19~_.
Section II. That this certificate shall be executed in behalf
of said City by the Mayor and City Manager and co~ntersigned by the
City Clerk and sealed with the 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 o£ both principal and in-
terest o£ said certificate when it becomes due.
Section III. This Ordinance being necSsaary for the immediate
preservation of public peace, health and safety hereby de~lares to be
an emergency ordinance ~nd shall take effect imediately upon its
pas s age.
Passed this: ~a+.~ ~y _~f Jr2y, !9~3
Offered by: Holm .
Seconded by: M~
Roll Call:
Aye s: All
Nays:
~ecretary to the Council