HomeMy WebLinkAboutOrdinance 228 Preamble to Ordiaa ~ce #~[Oeia~, an Ordi,la'~ce
e ~titled "A.n Ordinance a,tnorizi~g the sale by the City
Treasurer of ~34,000 emergency ~ebt certificate"
W~Ei~'EAS, senez'al operating funds of the City
Columbia ~!ei, oi,ts have become depleted aad
W-~:!E,~$]AS, there ~ave been earmaz.ked b~ the City
~ u~cz! of said city vaz'ious s,m~s from the liquor store
fu~ms to be used fo~', gene~a! operating purposes and,
,'~;E~:~EAS, t~,~e liqu~or store ,morlies imve bee/~
depleted by inc_-ease a~i exr~anslon i~ inveutory, this
hereby and u,~ueI~ this Pz'eamble declares t~;at a public emer~e~:~cy
exists wi';ich subjects tLe city to tlze aecessi-By of pz'oviming
~mmediate funds ~'or get, era! opez, atiag purposes, and that in
ordez, to prempt!y meet such em~ergency it is :'~ecessa~,y to pass
Ordina~ce #~as an emer6ency ordina~ce.
i~,'iayo r
Passed thi~[ 30th day of December, 1947
Offered by Nygaard
Seccnded by Weldon
Roll ~!1
Ayes - Ail
0RD!UA}iCE NO. 2- -~
An 0rdi~a~ce authorizine the sale by the
City Treasurer of ~$S4,000 emergency debt c
certificates.
TNE CITY C'~ ~ ~:E.~GHPS DOES
That the City Council of the City of Columbia
t}eiohts, Yinnesota does hereby authorize the sale b}. ~he
City Treasurer ofv~'~'~4,000 emergency mebt ce~.tificates to be
"' da,, of December, 1947 to bear interest at the
dated t_~e $!st .~
rate ¢~f S[g pez~ a~'~um, interest to be payable at the maturity
of said certificates, to be two in number, a~'~d shall be pay-
able bo'th as to iute~est and principal at she city office of
the City of Columbia Heights, Mi'anesota, a'~u shall mature on
the SOth day of September, 1948.
That said certificates shall be in form substant-
ially as follows:
U~'~ITED STAPES OP A~4EP. IOA
S£ATE OP ~,{IINESOPA
COUNTY Of ANOi{A
CITY OF COLUIv23IA HEIGHTS
Offered by Weldon
Seconded by }{ygaard
No!l Call - All Ayes.
Passed this SOth day of December, 1947
~ounc i'!~