HomeMy WebLinkAboutOrdinance 329PREA~!BI~ No. 329
PREA~BLE TO O~DINA~CE NO. 329 B.,.,IGWV' Alt
ORDI~;C~ E~TITLED "AN
~ERG~CY DEBT CE~'ICATE".
~REAS, it ~c~ necessary ~ p~rly c~y on the functions
of ~uuicip~ Go~nt of the~ Oity of Colchis Heights to proceed
the _.~ lo~ ~prgve~e.~ts ....... ~ ; and,
W~HEAS, t~re a~ inefficient ~onies in tbs city treas~U to pay
costs c~r~ntly d~, md t~ city ts t~fom wi~out funds to p~ for
contract payments now due;
THIS CoU~;CIL hereby and uuder this preamble declares an emergency
exists for the preservation of the public safety aud that in order to
promptly meet said emergency it is necessary to pa~s Ordinance No. 329
as an emergency ordinance.
Passed this 14th day of September , 1954.
Offered by: Hosch
Seconded by: Holm
Roll Call: Ayes: all
ORDIMA~CE NO. 329
A~; ~RDiNAMCE AUTNORIZINO TME SAL~: Bt' TL~E
CITY THF~S~;RER OF ~$hO,O00. 0~, ~,,~ERGF, NCY
DEBT CERTIFICATE.
CITY OF COLUM~IA HEIGMTS D~S a~DAIN:
Section 1. That the City of Columbia Heights, Minnesota does
hereby authorize the sale by the City Treasurmr of ... $40,000.00
emergency debts ce~ttficats, to be dated ~Sept. 15th 1954
to bear interest at the rate of ~J~ per annum~ interest to be payable at
t~-e maturity of said certificate, to be numbered one (1), and shall %~
payable as to both principal and interest at the Columbia ~eiz, hts State
Bank in the City of Columbia Heights, )~lnne~ota, and shall mature on or
before ~Ssptember .1.~.th , 1955 .
That said certificate shall be in substantially the following form:
DOLTA~£
UNITED STATED OF A~RICA
STATE OF
C~fY OF A!~0FA
CITY OF COLUNB!A ;~:IGHTS
~F~E~GENGY CERTIFICATE OF INDE~TED~VESS
T~.IS 1~ TO CERTIFY THAT ~{E CITY OF COL~/~BIA HEIG5TS, in the County of
~oka, S~ of M~sota, for value ~cei~d he. by praises ~ pay ~a~r ~e
s~ of $ at the Col~bia
Heights,' Mih~s~ta~ ~n~r of-~s Oer~fi~'~''~.-.~ss, on the
p~pt Pay~'~" of ~e princip~ ~d ink, est of %his ~rt~ioa~ ~e ful~ faith,
c~'edit ~d ~SO~l~es of said City of Col~bia Heights ~ he,by ~vocably
ple~ed.
IN WITNESS ~EHEOF said City of Columbia i%ights, Anoka County, Ninnesota
has caused this Certificate to be signed by its Mayor and City Manager and countez~
signed by the City Clerk and sealed with the seal of said City, and ha~ caused this
Certificate to be dated as of the _ , 195 .
Attested:
City Clerk
~t is hereby certified and recited that all acts, conditions and things re-
quired by tb.e Charter of said City and by the Consit~tion 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 a~d due form, time ~nd manner and that this certificate,
together with all other indebtednesses of this city outstanding on the date hereof
$o not exceed any constitutiona!~ statutory or charter limitation of indebtedness.
IN WI~ESS ~UE~.F the City of Columbia Heights, State of Minnesota, by
its council has caused this certificate to be issued in its ~mhalf by its City ~anager
and Mayor and counte~' signed by the City Clerk and sealed with the seal of said
city, and has caused this Certificate to be dated
. ~ ......................... , !95 ~..
Section II. That this certifica~te shall be executed ir~ behalf of said City
by the Mayor and City Manager and cou~tersigned by the City Clerk a.ud sealed with
the official seal of said City and the full faith, credit and reeources of said City
shall be and hereby are irrevocably pledged to the performance and full payment of
both principal and interest of said certificate ~hen it becomes due.
Section iii. This Ordinance being necessary for the ~diate preservation
of public peace, health and safety hereby declares to be an emergency ordinance
and shall take e££ect :hnmedia%ely upon~its passago.
Passed this 14th day of September 195 4
Offered by: Hosch
Seconded by:
Roll Call;
Knutson
Ayes: all
Nays
Secretar~ to the ~ncil ·