HomeMy WebLinkAboutOrdinance 335PREAmbLE
ORDI~$AMCE ENTITLED "AN OR~UTHO~IZING
THE SA~ BY ~'CiTY TREASU?J~ 0F '~$1,500.00
DfERGENCY DEBT CE~?ICATE". ~'
~E~AS, it ~C~ ~cessary ~ pro.fly c~y on the functions
of Wunicipal Oo~nt of the City of Col~bia Heights to proceed with
the recreation pro~~ . ..... ; and,
W~HEAS, there a~ ins~ficient monies in t~ city treasu~ to pay
costs c~r~ntly due, ~d t~ city ~s t~fo~ wi~out ~nds to pay for
present committments;
THIS COt'NCIL hereby and uuder this preamble declares an emergency
exists for the preservation of the public safety and that in order to
promptly meet said emer.~ency it is necessary to pass Ordinance No. 335
as an emergency ordinance.
Passed this 28th day of December , 1954.
Offered by:
Seconded by:
Deeble,
Roll Call: Ayes: ,41!
Mays:
Secretary to the Council
ORDINANCE NO._. 335,,,
A!.~ ORD1R~ANCE AUT~RIZING THE SALE BY T}~
CITY TRF~S~R OF ~_$!,500.O~O ~"ERGEMCY
DEBT CERTIFICATE.
T~ CITY DF COLUMBIA HEIGHTS D~E80?J)A!N:
Section 1. That the City of Columbia Heights, Minnesota does
hereby authorize the sale by the City Tream~rer of ~ ~1.~00.00 ~
emergency debts certificate, to be dated December 29th , 19~4
to bear interest at the rate of ~ per annum, interest to be payable at
t}m maturity of said certificate, to be numbered one (1), and shall be
payable as to both principal smd interest at the Columbia Heights State
Bank in the City of Columbia }{eiEhts, )~innesota, and shall mature on or
before March 28th , 1955 .
That said certificate shall be in substantially the following form:
Attested:
EMERGENCY CERTIFICATE OF iNDEB~,D SS
T.UIS IS TO CERTIFY THAT THE CITY OF CO L~BIA H~IG~TS, in ~e County of
&
sum of $ at the /'~ ~i ~ Ciolumbia
Heights,: ~inr~s°ta': upon surren~r Of '~-iS certificate: o~.~i~~-~es,S, on the
rate of .... 'per cent per annum, interest payable a~ ma~ur~ty~and for the
prompt payment of the principal and interest of this Cert~ica~ the full faith,
credit and reso~rce~ of said City of Columbia Heir, hfs are /~hereb~ \irrevocably
pledged. ,/! ~
IN WITNESS WHEHF~F. said City of Columbia ~igh~s, Anok~ ~ounty, ~,innesota
has caused this Certificate to be signed by its Mayor and city M~gger and counter-
signed by the City Clerk and sealed with the seal of ssi4 City, ~n~ has caused this
Certificate to be dated as of the .......... ,
It is hereby certified and recited that all/ acts, conditions and thin~s re-
qutred by the Charter of said City ar~ by the Consitution and Laws iof the State of
Minnesota, to have been done, to have happened and ~ have been pe~form*~,~recedent
to and in issuance of this certificate have been done ,~. have happene~ an~ ~Haveqt~en
performed in regulation and due form, time and man~,er And that thiS:i[ cert~fi~gt~,
to~ether wi~h all other indebtedrmsses of this ci~ out!standing on ~he da~e
to not exceed any constitutional, statutory or cha)~er imitation o indeb~dness.
IN WITNESS ~ER~DF the City of Columbia ,Eeigh~s, State of ~innesota,
its council has caused this certificate to be ssued In!,:~ts behalf bY~ its 05~y ~naHer
and Mayor and counter signed by the City Clerk and .~eale~)~,with the se~l of s~id
city, and has caused this Certificate to be dated i! ,~ ........... ~ , 195 . ·
Section
II. That this certifica,~e, shall be exerCiSed in beha!~f of said City
by the ~;ayor and City ~'anager and countersigned by the i~y ¢lerk~ and se~led~ ,,with
the official seal of said City and the f%~ll faith, credit' .and resources of sa~City
shall be and hereby are irrevocably pledged to the"performance and full. payment of~~
both principal and interest of said certificate when it ~c~mes due.
Section III. This Oml~nance bein~ necessary £ r tl~e :b~diat.~ p~es~mratlon
,~bf' public peace, health and safety hereby declares to be
and sht~l take e££oc% tJn~diatoly upon it~ Passage.
Passed this 28th
Offered by: Knutson
Seconded by: Ho$Ch
Roll Calls
day of _ December, _, 1954 .
Ayes:___ Al..! ......
Nays
an emergency ordinance
Secretary to the Council