HomeMy WebLinkAboutOrdinance 338PREAMBLE TO ORDINANCE N0._338 _~BEING AN
ORDINANCE ENTITLED "AN ORDINANCE AUTHORIZING
THE SALE BY THE CITY TREAS~ OF_ $3,OOO.OO
EMERGENOY DEBT OERTIFICATE".
WHEREAS, it became necessary to properl~ carry on the functions
of Municipal Government of the City of Columbia Heights to proceed with
the Recreation program
............ ~ and,
WHEREAS, there are insufficient monies in the city treasury, to pay
costs currently due, and the city is' therefore without funds to pay for
contract payments new due$
THIS COUNOIL 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. 338
as an emergency ordinance.
Passed this_ loth day of May · 195~.
Offered by: ..... Hosch
Seconded by:_~ Knuts.on
~ all ayes
Roll Calls ~yes ~__.
Secrjt~ to t~ ~oun~:' ' ...........
ORD tI~ANOE NO'. 338.._
AN ORDINANCE'AUTHORIZINGi THE SALE BY THE
a ASm m OF_ $3,9.90.00 .zmm cx
CE :OA E.
THE CITY OF CGLUMBIA HEIGHTS DOES OBDAIN,
Section 1. That the City of Columbia Heights, Minnesota does
hereby authorize the sale by the City Treasurer of_ Columbia.. He~gh~ihs __
emergency d~bts eertificate, to be date~_ May 10th , 195~ ,
3
to bear interest at the rate of $ per annum, interest to be payable at
the maturity of said eertifioate, 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 · ~August .Sth . ~ , 19 55.
That sai~ certificate shall be in substantially the following form:
UNITED STATES OF AMERICA
STATE ~ OF MINNESOTA
COUNTY ANOKA
CITY OF COLUMBIA HEIGHTS
~ERGEMCY CERTIFIOATE OF INDEBTEDNESS
THIS ~S TO CERTIFY THAT THE CITY OF COLUMBIA HEIGHTS, in the County
Anoka, State of Minnesota, for value received hereby premises to pay bearer the
sum of $ ~ ...... at the _ .~ ~ LOolumbia
Heights, ~es°ta' upon surrender o~"th~~ Oe~tif'~cat~'0f'indeb~edness, on the
rate of ocr cent per e_nnum, 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 WITNESS WHEREOF said City of Columbia Heights, Anoka County, M~nne~sota
has caused this Certificate to be signed by i s Mayor and City Manager a d counter-
signed by the City Clerk and sealed with the seal of said City, and has caused this
Oertificate to be dated as ~f the .............. , 195~.
Attested:
City Manager
city Cler ..............
It is hereby certified and recited that all acts, conditions and things
required ~y the Charter of said City and by the Constitution and Laws of the State
of Minnesota, to Save 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 ~nner 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 WITNESS WHEREOF the City of Columbia Heights, State of Minneso~a, 'by
its council has caused this certificate to be issued in its behalf by its City M~mager
and Mayor and countersigned by the City Clerk and sealed with the seal of sa~
city, and has caused this Certificate to be dated ....... May. lOth ..... ,195~_..
Section Il. That this certificate shall be executed in behalf of said
City ~y the Mayor and City Nanager 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 irrevc~ablypledged to the performance and full pay-
ment of both principal and interest of said certificate when it becomes due.
Section III. This O~inance being necessary for the immediate preservation
of public peace, health and safety hereby declares to be an emergency ord~ence
and shall take effect i~ediately upon its passage.
Passed~this loth . day of__ ~ May., ~p , 195.~--o
Offered by: ~o~ ~
Roll Call:
SeCre~ ~6the