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HomeMy WebLinkAboutOrdinance 48Emergency Ordinance An ordinance authorizing and directing the issuance ~nd sale of Emergency Certificates of Indebtedness of~ the~ City of! Col- umbia Heights~in the ~t of ~8,0~,~ 00. The City of Col,~ia ~eights d~e~ o=~in: In anticip~tion of taxes em~ due DeCe~er 1,~27,be~ng duly authorized by the City Council in their budget f~r the year l~, the City Co~eil direct~ the ims~n~e of the Emergency Debt Cer~ificmtes ino~e aggregated ~t of Six Thousand ~ n~lO0 d~llar~($6,00o.~.?o) t~b~ar int~est at 6 De= cent ~turin~ ~ Deee~e~ the ~ixth 1527. Said ce=tificmtes to be signed by the ~yor ~nd City ~g~r ~nd c~te~signed~by the City Clerk~mnd sealed with the seal ~f~ a~id city. t~mmed August, 3, 1~27. Secret~r~r to the counclZ. ~'~'~.~ ID TO C~i,~TI~Y T~-~T~ Ti~ City of Coi~u~b~a Heig'hts, in the Co~uuty of Anok~ end state oi' l'~ir~osota, ~°ox~ va ]ne received hereby pro~ises to Day to bearer tho ~'~m~ of ~'i)6000 at the Cold.able State !~ank. Columbia ~.lei~t~, ~,~in~osota upon surrender o£ this Certificate of Indebtedz~ess, on the 6th day of December, 19~, with interest thereon frcn d~to hero, of until paid at the rate of 6)'$ t~r ar~uv~n, inter.,it pay- able at maturity and fez' the prompt ps~,n~nt of the princi?sl end interest of this Certificate the full faith, c~edit and resomrces of said City are hereby irrevocably pledged.