HomeMy WebLinkAboutOrdinance 195,~," o
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Sect%on Z. That said Certificate of Indebtedness and the coupons thereto
anne?:ed sha]! be sub.~tantia!ly the fot!owin~l for~n:, which ssi! form is hereby
t~:..r!TED STATES OF A[~fER!CA
STATE OF MIi',rN.~SOTA
COU!YTY OF
CITY OF COLN.~IA }~!G}rTS
}To. $, 500. O0
~0',7 ALL ME}; ~Y TP~S~ PRESEi'TTS, that the City of Co!,~mbia He~ ~h~s ~oka
Cou~+~', '" ereo~,
..~ ,,'nnnesota, certifies that it is .indebted and for value received h
vromises to ~ay the bearer the s=~ of $. 500.00 Dollars , on the 9th
day of }~ovember , 19 44 , together w~th interest thereon at the rate of
~' var cent mar anmmn, payable on,the 9th
in accordance w~th and umou mresentat~on am! s~rrendered of the attached interest
coupon as it becomes due. ~oth mrinct~a! and interest off this Certificate are
payab!~ at .the Office of the C~ty Treasury in the C~t~.~, of Ool~m%i~ Uei~hts,
M~nne~.~to, in lawful money of the Un, ted States of ~merica and to vrov[de moneys
for the nro~:r~t m~y'ment of such principal a~nd interest as the sas'ae becofae due the
full faith, credit and resources of s~id City of Col~m'nbia Heights have been and
are hereby irrevocsb!y mled~ed.
This Certificate of Indebtedness is issued by said City purs~zant to and
full conformity with the Constitution and laws of the State oF Hinnesota, and the
vrovisions ~= t]~.~ Charter of said City there~to enabling,. ..... and is ~sued~ for the
murmose of defraying the balance of the expenses incurred in the ~:ing of local
Immrovement in said City, all as described an~ set forth in :~hin~ of Ordinance
Mo. 195 of said Oity duly ~assed and enacted on the 9th d~ off ~ovember ,
!t ~s }~ereby CERTiFI~D A}~ RECITED that all acts, cona![t~ons and things
recuired by the CoRstitut~on an.d laws of the State of Minnesota ~nd the 0hatter
of sa~d. City to have been acne, to h~e haepenea and to have been eerformed nre-
cedent to and in the issuance of this Certificate of Indebtedness have been done,
have ~haneened, and have been ee~orme~
as reo~lired bi; 18W, and that this Certificate of Indebtedness, to~iether with all
other debts of said City outstanding} on the date hereof, aces not exceed any.
constitutional, statutory or charter limitations of indebtedness.
an~Foved and adonted:
liJ TESTII~O]".-f. ','~qEREOF, the City of Columbia Heights, Ano]~a Co~ty, t[innesota,
by its City Council, has caused this Certificate of Indebtedness to be signed by
its M~yor ~nd the Cit~~ Mana.~er and co~tersi~ned by its City Clerl~, and sealed
with the seal of said City, and the interest couoon hereto attached to be executed
and suthentic~ted by the facsimile signatures of the ~yor and City lJ[anager and
h~s c2used t~is Certificate of Indebtedness to be dated as of the day of
L{~yor
City of Col~ambia Heights, Minn.
Couat er signed:
City Clerk
City
(Form of Coupon)
On this day of , 19__
the City ~f Co)ra'abia
Hei~;hts, Ano~ca County, tfinnesota, will ~ay to the bearer at the City Office, in
the City of C,o!~':tbia Heights, the stun of Dollars, being the install-
ment of interest then due on its Certificate of Indebtedness, dated
City
Section 8. That said Certificate of Indebtedness shstl be signed by the
~.!syor ~nd City Manager and countersigned by the City Clerk 2nd sealed with the seal
of said City and that said interest couuons thereto.~tt~ched shall be executed and
authenticated by the printed, tithogr~vhed or en~raved facsimile sigant~ares of t]~e
i,~syo r and'City
Section 6. That the ff~!
Columbia Heights be and they are hereby irrevocably n!edged to nrovide moneys for
the nromnt sayment of the nrincinal and interest of said certifficate as such
nrinciva! and interest resvectively become d~, and if the monelrs received from
assessmants levied for such local improvement are !nsuff~.cie'at to meet the nayment
of mrincinal and interest of said Certificate off Indebtedness the C.,unc[1 shstt
nrovtSe the moneys for the n~[zment off same.
Section 7. The 0ity 0ounci! hereby finSs t~mt there is mffficient moneys
in the Si~]~ing F~mnd of the City of 0olmnbia Hei~:')~ts to eurchase the Certificate
of Indebtedness herein authorized to be issued, and the City Clerk is hereby
authorized to be issued and instructed to murchase the said Certificate on the
date of its issuance with moneys now in the Sint[ing Fund, and to ,vlace the ~ro-
ceeds received from the sale of said Certificate in the P.!.R. Fund.,
Section 8. This ordinance shslt ta):e effect and be in force i~nediate!y
after its ~assage.
Passed this ~ ~ ,
~,t,. day of ~[ovember 194~.
Offered by: Behtzen
Seconded by: Jsckso n
Roll Call: All Call
Secret~ry~O the Council