HomeMy WebLinkAboutOrdinance 322PREA~BLE TO ORDINA~tCE NO. 322 BEING
ORDIN~,~CE ENTITLED "AN ORDINANCE AUTHORIZ~,~G
THE SALE BY THE CITY TREASU_~E~ OF ~1.O80.~0
E~RGENCY DEBT CERTIFICATE". ' '
WHEREAS, it became necessary to properly carry on the functions
of ~unicipal Government of the City of Columbia Heights to proceed with
the Civil Defense Program ; and,
V~REAS, there are insufficient monies in the city treasury to pay
costs c~rrently due, ~nd 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. 322
as an emergency ordinance.
Passed this 23rd day of March , 1954.
Offered by: Deeble
Seconded by: Hosch
Roll C all: Aye s: ~
Nays: ,, ~
'Secretary to the Council
ayor ~ - '
ORDINANCE NO. 322
AN ORDINANCE AUTHORIZING THE SALE BY THE
CITY TREASURER OF $1,080.50 ~ERGENCY
DEBT CERTIFICATE.
THE CITY OF COLUMBIA HEIGHTS DOES ORDAIN:
Section 1. That the City of Columbia Heights, Minnesota does
hereby authorize the sale by the City Treasurer of $1,080.50
emergency debts certificate, to be dated March 23rd 1954
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 Col~bia Heights State
Bank in the City of Columbia Heights, Ninnesota, and shall mature on or
before September 23rd , 1954. .
That said certificate shall be in substantially the following form:
NUPBER
DOLLARS
UNITED STATED OF A~,~_fl~tCA
STATE OF MINNESOTA
COIfNTY OF ANO¥~
CITY OF COLUMBIA HEIGHTS
EY~RGENCY CERTIFICATE OF I~fDEBTEDh~SS
THIS tS TO CERTIFY THAT THE CITY OF COL[~BIA HEIGHTS, in the County of
Anoka, State of Minnesota, for value received hereby promises to pay bearer the
sum of $ at the Columbia
Heights, ~innesOt~, upon surrender of' th'~s Certificate of indebtedness, on the
rate 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 WIT~ESSWHEREOF said City of Columbia ~ights, Anoka County, Minnesota
has caused this Certificate to be signed by its Mayor and City Manager and counter-
signed by the City Clerk and sealed with the seal of said City, and has caused this
Certificate to be dated as of the , 195m.
At te s t e d:
City Manager
City Clerk
It is hereby certified and recited that all acts, conditions and things re-
quired by the Charter of said City and by the Consitution and Laws of the State of
~nnesota, 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 ~nd manner and that this certificate,
together with all other indebtednesses of this city outstanding on the date hereof
to not exceed any constitutional, statutory or charter limitation of indebtedness..
IN WIT~SS ~EREOF the City of Columbia Heights, State of Minnesota, by
its council has caused this certificate to be issued in its behalf by its Cd~ty ~a~ager
and Mayor and counter signed by the City Clerk and sea]ed with the seal of said
city, and has caused this Certificate to be dated March 2~rd , 195 h .
Section II. That this certificate shall be executed in behalf of said City
by the Eayor and City Manager and countersigned by the City Clerk and sealed with
the officisl seal of said City and the full faith, credit aod resources of said City
shall be and hereby are irrevocably pledged to the performance and ft~ll payment of
both prdncipal and interest of said certificate when it becomes due.
Section III. This Ordinance being necessary for the i~mmedlate preservation
of public peace,
health and safety hereby declares to be an emergency ordinance
and shall take effect immediately upon its passage.
Passed this 23rd day of March 19~
Offered by: Deeble
Seconded by:
Roll Call;
Hosch
Nays:
Secretary to the Council
~ayor