HomeMy WebLinkAboutOrdinance 221~EEA~BLE TO ORDINANCE. NO ~_~.
~REAS, It is necessary pursuant to Section 77 Chatper $ of the
Charter of this City to issue its Certificate of IndebAe~lnsms~ and,
WH~REA~, mai~ section provides that the ordin~ce providing for the
ce ~
THIS COUNCIL hereby and under this .~reamble declares an emergency
exists for the imme~iate preservation cf the public peace and safety and
Preamble Offered
Preamble Secon&ed
Roll
that in order to promptly meet such emergency it is necessary to pass ~rdi-
nauce No. _-~'~[ sm ~ emer~ncy ordinance.
~opted ~y the Oo~cil
Nygaar~
, Aye~ All
Nays~- dd~,
AN ORDINA~OF~ AUTHORIZ~G T~ ISSUANCE O~ 0ER~IFICA~S OP
II~F~DNESS OF ~ 0ITY OF ,COL~I,~% [5~IGETS IN ~E ~0'~
OF 2 2.000..00 E E SES OR TO
BE ZNOUR~D ~ ~{4XI;~{G LOOAL I~OVE~NT8 NO3. 14~: 1 ~: 155,
156 and 157 ....
TEE C'IT¥ OF COLLR[BIA HEIGHTS DOF, S O}iDAIt~I
S~ectton.!. That thI~ Council hereby finds and determines
that there were heretofore duly ~.nd legally ordered to be made certain
local im~rovement~, a~':d that ~aid improvements ,~nd the expenses incurred
or to be incurred in the making thereof 9re as f~llowsl
Local Imorovement 7~o.
Section 2~. That in order to defray in part the expenses incurred
or to be incurred in the making of s~id local imorovement~ it is necessary
at this time to issue the City's Certificate of Indebtedness in the ~gregate
amount of $ ,~'2,000 and this Council hereby determines to'i~sue
such certificates in seid amount. That said certtficate~ shall be dated the
I ~. day of = .~.mb.~ 19~, and~ahall be~r interest at a rate not
tO exceed ~ % ~r annum, payable semi-ann~ually o~the first day~ of
~ ,~arch ,,, ~. and .... ~ep.temb~[, .... in each year, shsll be .~
, Ctty~ Office
be p~yable a~ to both principal ~d ~ntere~t ~ the ~~~ a~
,~ the City of ~Uet~i~$~~,, ~-~. ~].l be in ~he
follo,~ing denominations, 1 ~4~ 000:'~, ~= $~:000. OD , 3_ $4; OO~: O0
8 .......... , 9 . 10 . ..: , 11
and shall mature in the order of their number~, lowest number first as
Section 3. That of s.Tid certificates ~he following ,~mounts shell
be applicable to each of the several local improvements!
Loca~ Improvement No. Amount Local Improvemen~ No. ~mount.
/~/7~ ..... $ ~~ .... $ ,,~
Sec~i.on 4. That said ~ertific~tes of Indebtedne~ and the
coupons thereto annexed shall be substantially the~ following form with the
necessary variations as to mumbers and maturities, which sa~d form is hereby
approved and adopted:
UNITED STATES OF A~RICA
STATE OF~ MIN~ESOTA
C'OU~T¥ OF ANOKA
CIT70~ COLU~{BIA R~IGHTS
CERTIVICATE OF I~DEBTEDESS
Ki~O~' ALL ~N BY THESE PRESENTS, that the City of Columbia Heights,
Anoka County, Minnesota, certifies %ha~ tt is in.bred ~d for v~e rec-
eived here~y promise~ to p~ to %he bearer the s~ of ~O00~OO/~ ~ ~ ~
Doll.s on the d~ of' , , 19 to th~ with interest
~eF~n at the r~te of ~ ~:~r ce~% pe~ ~n~, n~able ~emi-~nu~ly on the
~*~ d~ys of ~a~ch ~ ~ ~d -~september in e~ch 'ear in accordance
with and upon presentation ~d surre~ger of ~he a~tached interest coupon~ a~
they aever,l ly become ~ ~h pri~p~ and interest of this Certificate are
p~able at the · '- , ~~ the City of ~~
Minnesota, in 1~ money of th~ United States of ~riea ~d %o pr~i~e
moneys for ~he proof p~y~nt of such prin~ipal ~d interest as the se~e b~
some due the f~l faith, credit ~d reso~ces of said City of Cot~bia Meights
have been and ~e hereby irrevocably pled~d.
This Certificate of Indebtedness is issued by said City oursuant to ~nd
in full conformity with the Constitution ~nd laws of the State of ~iunesota and
the provi~ions of the ~arter of said City there~to enabling, ~d is issued for
the ourpose of defr~ing a p~ of ~he expense tn~rred or %o be in~rre~ in the
m~ing of loc~ improvements in said City, ~11 as described ~d se~ forth in
Ordin.~nce No. of std City d~y pg~sed ~nd enacted on the ~%~dzy of
It is here~y OERTI~IgD and REOI~D that ~11 acts, condit[on~ ~d thin~
required by the Cons~Ytution ~d laws of the State of Minnesota ~d the ~arter
of z~d City to have been do~, to have hap~ned ~d to have been perfo~ed pre-
cedent to and in the lssu~ce~of this ~er~i~icate of Indebtedness have been done,
have hap~ned ~ have been perfo~ed in ro~lar ~d d~ form, time and m~ner as
re~ired by law, ~d that this Certificate off Indebtedness, to.thor with ~1
other debts of ~dJ,Ci~F outstanding on, the ~ate hereof, does not exceed ~y
.~$onstttution~, statutory Or charter limitation~ of indebtedness.
In Testimony ~ereof, the City of Colum%ia Heights, Anokm County,
Minnesota, by its Oity Council, ha~ Caused this Certificate of Indebtedness
to be ~igned by it~ ~or ~d ~he~Oity Man.er ~d co~ter~i~ed by f~m City
Ol~k ~d sealed with the ~e~ of sai~ City ~d ~e interemt cou~ns hereto
attached to be executed ~d au~hen~ic~ed by the fac~imile sigue, tures of the
N~or ~d City Mem~r and hes c~used this Oertific~te of Indebtedne~sto be
da~ed ~ of the _ d~ of .... ~ ...... 194~.
M~or
Oountersi~ed~ O~t~ of Ool~bia ~etgh~$, ~tnnesot~
Form of Coupon)
City M au'ager
Mayor.
~ That said Certificate of Indebtedness shall be signed
by the MaYor 'and C~ty Manager and countersigned by the City Clerk and sealed
with the se~ of ~d City ~d,that s~d integer coupons thereto att~hed
sh~l be executed ~d au~hentic~ted'bY the p~inte~, ltthog~aphe~ or engraved
facsimile ei~atU~e of the M~or ~d Oily
S=eeti:on~.~ ~t ~he ~11 faith, credit ~d resources of zat~
O,lt~[of,C°l~iA ~i~ts be ~a the~ ~e.here~,i~.evoc~bl~ ple~gea to '
p~vA~e ~ne2~ for ~he promp~ p~a~ of ~he ~ncip~ end f~ereet o~ s~i~
cer~iflc~ez,~e suoh,,princip~ ~ 't~'eres~ respectively become ~ue~
~he ~aeys ~ceive~ from a~es~ea~e, levle~ for e~ch loc~ tmp,rovemem~a', ~e
ins~fici'ent to ~et the. pa~ent of Pri~cip~ ~d'intere~t of ~ata ~e~tlftcatee
of Indebtednes~ the Oo~cil sh~l provide the ~neys for the p~nt of
~~ ~e Oity Council hereby fin~ that there i~ s~ficient
~ee in the 3t~ing ~ cf the City of Ool~bi~ HeiSts to p~chaee the
Oertific~.tea of IndeBtednea$ he~In~aUtho~'lzed ~ ~ issue~, ~d the
Ole~ is he.by ~thortze~ ~d [net~cte& ~o purchase ~he said Oertificatee
cn the date Cf their ia~e ~h'mo~e'~s now tn the Sf~fn~ ~,, ~
pla~ the pr~cee~ receive~f~m~he/'$~e,°f~s~id' Certificates in the
~ ection $.,~z ~ai,n~Ce,~f~'~l t~e effec$ and be in torte
OFF2RED 3¥! Nygaard
SEOO~DED ~TI Trench
ROLL OA~.~ Ail Ayes