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