HomeMy WebLinkAboutOrdinance 04 The 0!fy of Columbia Heig~h~ doe~ or'dain as follows:
Sec$ion 1. Un, er ~d ~s~ to ~he provisions of the c~ter of the City
of Cel~bta Heights ~d ~aer laws 0f ~ $t~e of Minnesota, the 0ity Co,oil of
s~ 0tt~ of Col~bfa Heights, ~eS hereb~ de~e~in~ ~$ it is ne~esz~ ~d ex-
pe~ent to ~chaze, cons~r~ ~ ex~e~i ~he waterworks syst~ in ~i for said
Section ~. ~at for the p~pose of ~ing ~ney for said ~rove~nt~
~s~ce ~ ~der provisions of ~eet!On 7~ e~ O~pter ~ off the ~ter of the
of Ool~bia HeiSts, it ts hereb~ ordered ~d ~e~ined that the s~d Ci~y of
Ool~bia Heights i~z~ and ne~tiate itm ecoa bonds In the aggregate s~ of
$~,~, said bo~ds to be iss~d to be ~si~ted as "Water works
Feb~a~ !st, 1922 with interest ccupcna att~hed, to ~aw interest at the rate of
~ 3/4 per cent per a~, p~able se~-~!y on the 1st ~s of
Feb~ of es. eh ye~. ~he principal ~!~reof to be p~ab!e on the 1st ~ of
Feb~, !9~ wi~u2 option of prier p~n2. ~aid bonds to be in the denotation
cf $i,000 each, to be n~mbered from ! ~o 88, both n~mbers inclusive, both principal
~t interest off a~d bonds t0 be p~able ~ ~!d coin of the United Btatea of the.
Section ~. S~ ~o~ ~D~I! b~ si~e~ by the M~or of sai~ Otto,
t~ 0it~ Clerked c~ters~$~ed by tbs ~es~s~er o~ the 01fy of Col~bia
~ s~l be se~e~ ~ttl ~ official se~ Off maid 0ity ~d the in~erest co~ons
t~re~o att~hed s]m!l be aut~ntieated by the f~sim!le sixties of s~d offficers
~d when so exerted, s~ll be delivered to the Tr~ms~e~ and to be b~ said Treas~er
delivered to the ~ucCeszff~ p~c~ser ~here~ff upo~ ps~ent of the ~c~se price
w~eh shall not be le~s t~a p~ ~d acc~ed
Section 4, $~d bonds ~d co~ons s~ll be in ~ubstmnti~l~ the following
~YTED STATES 0~ ~RtC~ STATE 0F MI~OTA O~ 0F O0L~iA ~IGHTS WAT~
NO. A $1,000.00
~ow all men By these presents t~t the City of Col~bia Heights, Oo~ty of
~o~, State of Mt~esota, a~owle~es itself indebted for v~ received, .hereb~
promises to p~y to the bearer ~1,000.0~, on the let da~ of ~ebru~, 19~ together
the interest thereon ~t the rate ~ ~ ~r Cen~ per ~, p~able se~-s..~lly on
t~ izt ~s 0f A~st ~ ~eb~ Of each ~ear, interest to ~t~ity to be
presented by appropriate co.ns attache~hereto, both princip~ ~d interext off
s~ bonds to be p~able ~n gol~ coin,of the Untte~States of the present st~rd
0ff wei~t ~d fineness at the First ~atio~ B~ in the 0~ty of ~lt~eapolis, Minnesot~
~ts bond is one of a series Of bO~ of lt~ ~te, e_~t ~d tenor, all
for the ~se of ~C~si~, const~cti~ ~d e~endi~ the wate~k~system in
for said Oity~ ta tas~ In ~s~Ce to Section 72 of C~ter 7 of the c~rter of
a~ 0it~ ~d ~~t to ~d in f~i co'Ii.ce With the laws of the State of
Minnesota thereunto er~bling,
Zt is hereby certified and recited that all acts, conditions and things required
by law to be done precedent to and in the issuance of ~his bond, have been properly
done, have been performed in regula~ and due tim~, fo~m and m~ner sm prescribed by
law and the total indebtedness of said 0itT, including this bond and others of its
Series, do not exoee~ an~ constitutional or et~tutor~ limitation.
~EE FVLL ~AITE ORED!~ AND RE~0UR0~S of the City of 0olumbia Heights are hereby
irrevocable pledged for the punctual payment of the principal and interest of said
bonds as the same mature.
IN WITNESS WEERE0~ the 0ity of ColumbiG Heights hms cause~ this bond to be
signed by its M~vor, ettested by its 01arkan~ countersigns&by its ~re~surerand
the seal of ssdd 0ity to ~e affixe~ hereto and the interest coupons hereto attached
to be authenticate~ by the facsimile eiga&tures of aaid officers and to be d~ted as
of the let ~ay of 2ebx~a,~, 1922.
Atteat~
0ountersigned~
~reasurer
(Zo~ o~ co'on)
~eaotm, will p~ to the be~er ~ ~ld Coin at the First N~tto~l B~, Mi~eapolis,
~esota, ~ 1~ ~ei~ the s~-~n~ interest then d~ on ira Waterworks Bond
~e& a~ ~of the 1st d~ of 2ebb, 1~
Attest:
Section 5. Mt the City couUcil, d~e~ hereby accept the bid of the Drai~e-
3allar~ 0omp~, ~nnea~lis ~ Mi~esota~ 2o ~chase Said bondsa~ ~ ~ice of p~
~ ~c~ interes~, ~ bi~ bei~ ~e' ~e~ bi~ reCsive~ ~ tt appe~i~ to
proper ~ee~nt with s~ ~-~1~~; ~0~ for the sale of said bonds.
Section 6, ~is or~tn~ce s~l tE~e effect ~ ~ in fores ~ ~s ~ter
i~s pamsage. ~'
First reading ~a~uax~ 17, 1922.
let Reading J~u. 17, 192~
Passed Jan. 27, 1922
O. E. Bennett
Clerk
E, Bennett,
City 01erk
Attest~
S~A~ OF
O0m~f 0~ ~0~A ) ss.
l, C. E. 3a~et~, bei~ ~u!y elected, ~lifie~ ~ ~ti~ 01erk off the 0ity of
0ol~bia Heights., ~o~, 0o~nt~, Mi~eso~a, do hereby certtf~ ~t the foregoi~
Collie Het~= at their ~eting ~ld on $~ 17th ~ of ~~, 192~ in the
~t~er of t~ ts~oe of ~heir ~~ Wa~m~ork
In witaem~ Shereof I ~ere~to me~ ~ ~ ~ ~fix the