HomeMy WebLinkAboutOrdinance 315PREAMBLE TO ORDINANCE 315 BEING AN
ORDINANCE ENTITLED "AN OR~I'~ANCE AUTHO-
RIZING THE SALE BY THE CITY TREA~JRER
OF ~~ERGENCY REBT CERTIFICATE".
k~-tEREAS, it becsme necessary to properly carry on the
functions of Municipal Govermment of the City of Columbia Heights
to proceed with the f~,.~ local Lm~rovements ._, and
~ER~AS, there are ir~sufficient monies in the city treasury
to pay costs currently due, and ~the city is therefore without funds
to pay for contract payments now
~IS 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: Knutson
Roll Call: Ayes: All
N~y~s:
315 as an emergency ordinance.
22nd day of Sept. 19~. ~
Hosch
Secretary to the Council.~
ORDIN.%NCE NO. ~ ~
AN ORDINANCE AUTHORIZING ~HE SALE BY THE
CITY TREASURER 0F$15,0OO.00 EMERGENCY DEBTS
CERTIFICATE.
TI~E CITY OF COL%%IBIA HEIGHTS DOES ORD^IN:
Section 1. That the City of Oolumbis Mei~hts, Minnesota
does hereby authorize the sale by the City Treasurer of
emergency debts certificate, to be dated. ~Sept. 2~ ,19~, to bear
interest at the rate of ~% per annum, interest to be payable at
the maturity et' said certificat% to be numbered one (1), and sh~]l
be payable as to both principal and interest at the Columbia Heights
State Bank in the City of Columbia Heights, Minnesota, and shall
mature ~ept. ,~,3 , 1~5'~_.
lng form:
That said certificate shall be in substantially the follow-
NUMBER
,/
UNITED STATES OF AMERIC~
STATE OF MINNESOTA
COUNTY OF ANOKA
DOLLARS
CITY OF COLUMBIA HEIGHTS
~IERGENCY CERTIFICATE OF INDEBTE~qESS
THIS IS TO CERTIFY THAT THE CITY OF COLUMBIA HEIGHTS, in the
. ounty ?f Anoka, otate of Minn. gsota, for value re.~e~ved hereby promises
~o~p~ b~gr~_the sum of $_./~~.0,~. at the_ ~ ~ ~
~f~ ~ F~ ColUmbia Heights~ Minnesota, ~o~ ~e~der of this
b~rtificate~of ~debt~dness~ on the ~, with interest thereon
from date hereof until paid at the rate of ~per cent per annum,
interest payable at maturity and for the promp% payment of the principsl
and interest of this Certificate the full faith, credit and resources of
said City of Columbia Heights are h~eby irrevocably pledged.
IN WITNESS ~{EB/E)F said City of olumbia Heights, Anoka County,
Minnesota hss caused this Certificate to be signed by its Mayor and City
Manager and countersigned by the City Clerk and sealed with the seal of
s~d.~ty,/and has caused this Certificate to be dated as of the ~.Q~'-~
~.~~~ ~,1952.
Attested:
City Clerk ~~ -
'Oity Manager
It is horeby certified s~d recited that all acts, conditions
and things required by the Charter of said City and by the Constitution
and Laws of the State of Minnesota, 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 WHEREOF the City of ~olumbia Heights, State of
Minnesota, by its council has caused this certificate to be issued
in its behalf by its City Manager and M~yor and countersigned by
the City Clerk and sealed wi~hthe seal of said city¥ and has caused
this Certificate to be dated Sept. 23, 19~ .
Section II. That this certificate shall be executed in
behalf of said City by the Mayor and City Manager 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 ~nd safety hereby
declares to be an emergency ordinance and shall take effect immediately
upon its passage.
Passed this
Or'feted by:
Seconded by:
Roll Call:
2,2nd
Holm
day' of Seotember ,19~. 3
Deeble
Nayes:
Secretary to the Oou6cil'.TM