HomeMy WebLinkAboutOrdinance 349PREAMBLE NO.
PREAMBLE TO ORDINANOE NO.~349 ~. .... BEING AN
ORDINANCE F2~TITLED "AN ORDINANCE AUTHORIZING
THE SALE BY THE CITYi ~~ ~ $75O00
D~.GENOY DEBT 0ERTIFIOATE".
WHEREA$, it became necessary to properly carry on the functions
of Municipal Government of the Oity of Columbia Heights to proceed with
the . local improvements L_; and, i
WNF2F~AS, 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 mow due;
THIS OO~OIL hereby and under this preamble declares an emergency
exists for the preservation of th~ public safety and that in order to
promptly meet sai~ emergency it is necessary to pass Ordinance No....
as an emergency, ordinance.
-.. 26th July 195~
Passed ~nme ~.day of ......
Offered by: ..... Hoseh
Seconded by,._ , ..... ~n~Son,
Roll Gall: Ayes :_ All
Nays: ...........
Secretary to the 0~u~eil -
ORD INANOE NO. 349.
AN ORDINANCE AUTHORIZING THE SALE BY TI:E
CITY TR~mS~ o~_ $75~oo0'
DEBT CERTIFIOATE.
THE CITY OF COLUMBIA HEIGHTS DOES OEDAL~:
section 1. That the City of Columbia Heights, Minnesota does
hereby authorize the sale by the City Treasurer of.. Col... Heights
emergency d~bts certificate, to be dated_ July. 27~h_ -: , _1955 .... ,
to bear interest at the rate of 4% 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 mat~we on or
before ..... 0etober ._24 .......... ~ 19.,, ~55~.
That said certificate shall be in substantially the following form:
NUMBER
DOLLE~S
IlL II It I I IIJ IJ
UNITED STATES OF AMERICA
STATE OF MINNFSOTA
CO~NT~ OF ANOK~
CITY OF COLUMBZA ~iGHTS
~2~ERG~2~CY CERTIFIDATE OF INDEBTEDNESS
THIS IS TO CERTIFY THAT THE CITY OF COL~UMBIA HEIGHTS, in the County off
Anoka, State of Minnesota, for value received hereby promises to pay bearer the
~ of $ i [ ........ att~--~ il ,, ~`~ ~ y ~......... I Columbia
Heights, Minnesota, uPo~ surrender of this Certificate 6~-in~bt~lness, on the
rate of...___per cent per auto, m, intel, est payable at maturity and for the
pr~pt payment of the principal ar~l interest of this Certificate the full faith,
credit and resources of ,aid City of COl,~hia Heights are hereby irrevocably
pledged,
IN WITNES~ WHEREOF sai~ City of Columbia Heights, Anoka C~un~t.y. Minnesota
has caused this Certificate ~ be signed by its Mayor and City M~eEer a d counte~m-
signed by the City Clerk and sealed ~ith the seal of said City, and has caused tk~s
Certificate to be dated as Of the .............. , 195....
Attested
City Manager
City Clerk " ......
It is hereby ce~tified and r~ite~ that ~_!~_ acts, conditions and thi~s
re~!:~ed ~ the Charter of said City and by the Constitution and Laws of the Stat,~
of Minnesota, to ~ave been done, to have happened and to have been performed
precedent to and in issuance of this certificate have been done, have happened ar~!
have been performed in regulation and due form, time end manner and that this
certificate, together with all other indebtedmesses of this city outstanding on the
data hereof to n~t excee~ any constitutional, statutory or ohar~er limitation of
indebtedness.
I~ '~ITNE~S WHEREOF the City of Columbia Heights, State of Minnesota, by
its council has caused this certificate to be issued in its behalf by its City Mazlager
and Mayor and countersigned by the City Olerk and mealed with the seal of/~Said
city, a~ has caused this Certificate to be dated ~~ .... _--. .
Seetiem II. That this certificate shall be executed in behalf of said.
City ~y the May~r and City ~v~agar and countersigned by the City Clerk and sealed with
the official seal of said City and the ~ faith, credit and resources of sa~
City shall be and hereby are irrevoeabl~v pledged to the performance and full pay-
merit of both principal and interest of said certificate ~hen it becomes due.
Section III. This Or~inanoe being necessary for the immediate preservation
of public peace, health and safety hereby declares to be an emergency ordinance
and shall take effect immediately upon its passage.
Passed this 26th day of J~y , 195.$_.
Offere~ by:~ . F~utsen.
Seconded by: Hosch .....
Roll Call:
Ayes, Ail ~ _
Nays ~ ...............
Secretary to the Council