HomeMy WebLinkAboutOrdinance 320PREAMBLE
PHEAMBLW~ TO ORDINANCE NO j~ BEING AN
ORDINANCE ENTITLED "AN OR~'INANCE AUTHORIZING
THE SALE BY THE CITY THEASURER OF... $3,000.00
EMERGENCY DEBT CERTIFICATE".
WHEREAS, it became necessary to properly carr~ on the functions of Muni-
cipal Gove~ent of the City of Columbia Heights to proceed with the Recreation
Program ; and,
WHEREAS, there are ~ insufficient 'monies in the city treasury to pay costs
currently due, and the city is therefore without funds to pay for contract payments
now due;
THIS COUNCIL hereby and under this preamble declares an emergency exists~
for the preservation.of the public safety and that in order to promptly meet
said emergency it is necessary to pass Ordinance No. 3ZO~as an emergency
Passed this_ 12th day of
Offered bys wolm
Seconded byI ' ' Deebl$
Roll Call, IAYes,
Nays
Mayor
ORDINANCE NO._s20__'
AN ORDINANCE AUTHORIZING THE SALE BY THE
CITY TREASURER OF $3.0Q0,00 EMERGENCY
DEBT CERTIFICATE. -
THE CITY OF COLUMBIA HEIGHTS DOES ORDAIN:
Section 1. That the City of Columbia Heights, Minnesota does hereby author-
ize the sale by the City Treasurer of SB.O00,00 emergency debts certifi-
cate, to be dated January !2th ,195~_, 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 City of Columbia Heights, Minnesota, and shall mature
on or before
_ ~ept. 12th , 195~..
That said certificate shall be in substantially the following form: