Loading...
HomeMy WebLinkAboutOrdinance 53 . ~ , EMERGENCY ORDINANCE NO. " "AN ORDINANCE AUTHORIZING AND DIRECTING T~ ISSUANCE AND SALE OF EMERGENCY CERTIFICATES OF INDEBTEDNESS OF THE CITY OF COLU~iBIA . HEIGHTS IN THE AMOUNT OF Section 1 The City of Columbia Heights do~s ordain: In s~uticipation of taxes coming due in the year !928.being duly authorized by the 0ity Council in their Budget for,. tSe yes~v ~92@, the City .Council directs the issuance of Emergency Debt Certi~ica~es in ~he ~ggregated ~mount of $~,976.05 to bear interest at 6 per cent, maturing on July 21st, 1928.. Said,Certiflcates to.be signed by the Mayor ~nd City · ~anager ~nd ~ountersigned~by the City Clerk ~nd sealed, with the seal. of said city. Section That sa~d certificate shall be ~n substantially the following form: '~ United S~t~s of State of Minnesot~ City of Columbim Heights, Emergency Cer~ific~tes of Indebtedness. No. THIS IS TO CERTIFY that the City of Columbi~ Heights, in the County of Anoka and State of Minnesota, for value received hereby promises to pay bearer~the sum :of at the office of the City Treasurer of sai~ City of Columbi~ Heights upon surrender ofthis certificate of indebtedness, on the dmy of ~ with interest thereon from d~te hereof until paid mt the r~te of 8~ per ~nnum~ interest payable at mmturity ~n~ for.the.prompt pmyment of the~prlnclp~l and interest of this cer- ti~ic~te the full fm~th, credit s~ud resources of said City are hereby irrevocably pledged. This Certificmte is c~!lable.by smid City upon thirty ~ye notice to the last known holder of record. THIS OERTIFIOATE is on~ of a series of six. Certifioates~! x~~--=~f~~?-~T---~?~i~su, ed .by the City of Columbi~ Heights, for the purpose.of providing for temporary deficiency ,n the Gener~ f~d Df t~e City and is issued pu~su~ to 'the City Ohart~ of s~id City on the l~th d~y of 0ctobe~ l~Z7 ~nd puTsum~t to &nd in full conformity with the laws ~nd constitution qf the State of Minnesota now in force. ~T IS HE,BY CERTIFIED thmt all acts, conditions ~nd things required by the City Chmrter mDd ~he lmws~of Minnesota~hmve been fully complied with. IN WITNESS W~0F s~id City of Ool~bi~ Heights, Anok~ Cowry Minnesot~ h~d cmused this.Certificate to be $i~ed by its ~ttested~by its Clerk ~nd the oo~po~te se~l ~ttaohed thereto hms c~used this Certificate to be dmSed ms of ~the 1st d~y . S~otion ~. That m t~x sufficient to redeem ~ll such Certificates at m~turity has ~been levied as required by the City Ch~rtero SectiOn ~. That the City Treasurer is hereby instructed to hegbti~te the smle of s~id~CertifioaSes at not less than p~r and aooured,interest. 'Section"5, That this o~din&noe b~ing neoessary~for the immediate preservation the ~ublio neao~, health ~n ~f ty ~nd emer e o 's.d~ l~ ~d nd t~ is