HomeMy WebLinkAboutOrdinance 239Preamble to Ordlnance ~~ bein~ an
"an Ordinance authorizinr~
Ordinance entitled~
the
~.±e by txe Cit~ Treasurer of ~,n!~
emergency debt certificate".
WHEP~S, l~ became necessary to pro!erly carry on the
functions of ~[unicipal Government of the City of Co!~mnbia Heights
to obtain additional road equipment, and
t'IHER~S, there are insufficient monies in the city treasury
to pay the costs thereof and the city is therefore without fun~s
to pay for sa!~ equipment:
THIS COUiCIL hereby and under this oreaub!e declares an
emergency exists for ~r_e pre~v~-.t~on of the cub!lc safety and
that In order to promptly h~eet said emergency it is necessary to
~ ~ an ~~nav ordinance.
pass Opdinance ~.~~ ~ ...... o~
Passed this 22nd day of June, 1948
Offered by Weldon
Seconded by Nygaard
Roll Call - All Ayes
CITY = ....... ~"='
THE CITE OF COLUi~iA HEIGHTS DOES ORDAIN:
. T.~s.t the of Columbia Heishts,
Section I ~ ez~.y _ .. = !{!.nnesota
does hereby authorize the sale by the City Treasurer of :~,0!~
~ ~'~ to be dated June 25, leb2 to bear
emergency debts ce. ti_m~te~ _ .
iht-rest at the rate of 5~ net annum, interest to be ~}ayab!e
at the maturity of said certificate, to be number One (!), end
. -)rmnc.=p~= and interest at ~he
shall be vayabie as to both ' ~ ~'
= ~ ~ o lmm cia i ?hr s,
Columbia H~lhts s~ate ~.ank in t~e City of '' ~ He
Minnesota and shall mature on the 25th day of June, ~
That said certificate shall be in substantially the follor-
lng form.
NU~BF~R
DOL~
~iTZ OF COLb-.!BIA HEIGHTS
THIS IS TO CERTIFY TNAT THE CiTY OF COLUHBIA
HEIGHTS, in the County of Anoka, State of l:innesota,
for value received
her~oy ~romises to ~ bearer the
sum of ~ at the
Columbia Heis'hts, Hinnesota,
uoon surrender of this Certificate of Indebtedness,
on the , v, ith interest thereon
~.ate here
from ~ of until ~aid. at the rate of var cent
~er am. mum, int-arest 'oayab!e at ms~turity and for the
orompt 'oayment of t~ ~}rlncioa! and interest of this
Certificate the full faith, credit and resources of
said City of Columbia Hei~z~hts ape hereby irrevocably
pledged.
IN :,-'ITl{ESS i,~EREOF said City of Co!umhia
Heights, Anoka County, i{Innesota has caused this Cer-
tificate to be signed by its Mayor and City Hsnager
and countersigned by the C~ty Clerk and sealed
the seal of said , '~ ~' '
ei~y and has caused this
to be date~ as of the ~ ., i9~
Attested: _ /~,ayor
City Y-anager
City Clerk
It is hereby cert!fled and recited that all acts~ conditions
~O
and things required by the '~er,~._ ~ o~' said C~tv.~ ~ and by the .~ n-
stitution and !a~s of the State of ~innesota, to have been done,
to ha~e happened an~. to have been verformed ~orecedent to and ~n
issuance of this certificate ha~e been ~one, have ha??~ned and
have been performed in regulation and due form, time and manner
and that this certificate, together ~-'ith all other indebtednesses
of this city outstanding on the date hereof du not e~ceed any
constitutional, statutory or charter limitation of indebtedness.
'.,I~mo~ ~,~L~ the City of Columbia H~!qhts, State of
Minnesota, by its council, has ceuse~ this certificste to be
issued in its behalf by its City i[ana~er and ~fayor and counter-
signed by the City Clerk
~d has caused this Certificate to be fated June 2~, !9~
Section II. That this certificate shall be executed in
behalf of said '~ ~:anaaer ~'~ counter-
~it~. by the :.~ayor and City ..... ~ ......
signed by the City C!e~k and sealed ;~.~ith the official seal of
said City and the full faith, credit and resources of said City
shall be and hereby are ~rrevocably pledged to the performance
~ia cert!f-
and full payment of both principal and interest of -a ~
icate -.~hen it becomes due.
Section III. This Ordinance being necessary for the im-
mediate ~reservatlon of public peace~ health an~ safety hereby
declares to be an emergency ordinance and shall take effect
immediately upon its passage.
Passed this 22nd day of June,1948
Offered By: Nygaard
Seconded By: Ueldon
Passed By Ayes All ~,~e~
Mayor
...... secretarY to the Coun-c~il