HomeMy WebLinkAboutOrdinance 357 PREAMBLE TO ORDINANCE ~NO. 357 BE/NG AN
ORDINANCE ENTITLED .AN ORDINANCE AUTHORIAING
THE SALE BY THE CITY TREASURER OF $~!1~,000
EMERGENCY DEBT CERTIFICATE".
~gHEREAS, it bec~me necessary to properly carry on the functions
of Mun~ipal Government of the City of Columbia Heights to proceed with the
Liquor Store construc. ; and
kSiEREAS, there are insufficient monies in the city treasury to pay
costs currently du% and the city is therefore without funds to pay for contract
payment s no~ 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. 357 as an emergency
ordinanc e.
Passed this
Offered by:
Seconded by:
Roll Call:
Nays:
.~.th day of November, 1955.
Knutson
Hosch
Ayes:
all
Temple N~aard
Secretary to the Council
J~hn P.Stopka
Mayor
ORDINANCE NO. 357
AN ORDINANCE AUTHORIZING THE SALE BY THE
CITY TREASURER OF $115,000. EMERGENCY
DEBT CERTIFICATE.
THE CITY OF COIL~BIA HEIGHTS DOES ORDAIN:
Section 1. That the City of Columbia Heights, Minnesota does
hereby authorize the sale by the City Treasurer of $115~000.
emergency debts certificate, to be dated November 8th ..., 1955 .,
to bear interest at the rate of &% 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 Colum~bia Heights State
Bank in the City of Columbia Heights, Minnesota, and shall mature on or
hefor~ November 8th , 1956.
That said certificate shall be in substantially the following form:
NUMBER
UNITED ST;~TES OF AMERICA
STATE OF MINNESOTA '
COUNTY OF ANOKA
CITY OF COLUMBIA HEIGHTS
DOLLARS
EMERGENCY CERTIFICATE OF INDEBTEDNESS
THIS IS TO CERTIFY THAT THE CITY OF COLUMBIA HEIGHTS, in the County of
Anoka, State of Minnesota, for value received hereby promises to pay bearer the
sum of $ at the Columbia
Heights, Minnesota, upon surrender of this 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.~WITNESS WHER~F said City of Columbia Heights,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 thi;~
Certificate to be dated as of the ,195 ·
Attested:
City Manager
City Clerk
It is b~reby certified and recited that all acts, conditions and things
required by the Charter of said City and by the Constitution 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 and due form, time and manner and that this
certificate, together with all other'indebtednesses of the 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 Minnesota, by
its council has caused this certificate to be issued in its behalf by its City
Manager anA Mayor and countersigned by the City Clerk and sealed with the seal of said
city, and has cuased this certificate to be dated ,195 _.
Section II. That this certificate shall be executed in behalf of said
City by the Mayor and City Manager 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 irrevocably pledged to the performance and full pay-
ment of both principal and interest of said certificate when it becomes due.
SECTION III. This Ordinance being necessary for the immediate preservation
of public peace, health and safety hereby declares to be an emergency ordir~nce
and shall take effect immediately upon its passage.
Passed this 8th
Offered by:
Seconded by:
Roll Call:
yes.
Nays:
day of
Holm
Hosch
November 1955.
all
Temple NyEaard
Secretary to the ~ouncil
John P. Stopka
Mayor
I hereby certify that the foregoing Ordinance is a true and correct copy of
Ordinance No. 357 as passed by the City Council at a meeting held in the
City of Columbia Heights on the 8th day of November 1955 as disclosed by the
records of said City.
dated:
Aug.30th,1956.
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