HomeMy WebLinkAboutOrdinance 240 (2)0RD!NAi~CE i,}0. ~40
THE CITY OF COLUHZI~ HE!C-HTS DOES OP~DA!N:
Section !. That the City of Columbia ~el~-nts, _~nn ..... ora
does hereby authorize the se!e by the City TPeasurer of '~16,957.!0
Emergency Debt Certificate, to be ~ated June 25, 19~,8, to bear
interest at the rate of 3~ per annum, interest to be payable at
the maturity of said certificate, to be number One (i), and shall
be paysb!e as to both erincieai and interest at the Columbia
~. o_ty of {~o!umb!a Hel~ht~, Hinnesota,
Hei~hts ~tat~ ~ank in the ~ ~
an~ shs!! mature on the 25th day of June, 194,9.
That said, Certificate shall be in substantia!~? the follow-
form:
NUi[B ER
DOLASaRS
CITY OF COLUi, i~iA HEI3HTS
E}.~RemNo~ CERTIFiCaTE OF l~.~:s-a~T~D~,~.uo
"~ ~ ~ THE CiTY OF COLUi3IA
THIS
H~!C-HTS'~, in the "'~oun%" of Anoka, 3tare of Hinnesota, for
value received hereby -oromises to~=~'=.~ bearer the s.~m of
· ~_ at the Co!u~bia
Heights, ~{lnnesota, umon ~rr~nmeP of this Certifimate of
Indebtedness, on the __, ~,.rith int:srest
thereon from date hereof until :}aid at the rate of
per cent per annum, int.-~rest pay;=b!e at maturity ama for t
the prompt payment of the ~-)rlnciea! and interest of this
Certlfmc~ue the full ~azt:=, credit and resources of said
r'ity of Columbia Hezg!,ts ~_re hereby irrevocably mi:~dF~ed.
IN if!TNESS i~HEREOF said City of Columbia
Heights, Anoka County, l{innesota~ h~s caused this Certi-
ficate to be signed by its Rayor and. City "{anager and
countersigned l,y the City J!erk snd sealed ?~ith the seal
of said. City, and has caused this Ca~_tificate to be dated
as of the ,,,,
Attested:
City Clerk
City Manager
It is hereby certified and recited that all ~_ to,
dit!ons and thin&'s required by the Charter of said '~' ~*
~y and by
the Constitution and !a~.~,s of the State of ._mnne=ot~, to have
been done, to have na:~:~en~d and to have been performed mrecedent
to~n ~ ~.~ in issuance of this certificate have been done, have
happened and have been ~erformed In re~u!atlon and d~e form,
time and manner and this certificate, together ~.;ith all other
indebtednesses of this ~zt~ outstanding on the date hereof mo
not exceed any constitutional, statutory or charter limitation
of indebtedness.
IN '~"~'~ ...... '~ ~ ' ' =~h' State
of ~_inne~ot~., ~,,' , has caused t~is Certificate to be
issued in its oeh~.~f by its ~t0 '"~ .... '~ and "' ,
~..~ .... ~,r.. ~,~a~. or and c~nter-
signed by the "City Clerk and sealed ?~ith the seal of said ~it¢,
and has caused this Certificate to be fated June ~ ~o~
Section II. That this 3ertificate s?~.a!! be ezecuted in
behalf of said City by the ;;ayor and ,City ;,¢~.~,~r and counter-
~e~em with the official seal of
signed by the~'ity Clerk and
said City and the full fait._,, credit
shall be and hereby are irrevocably pledged to the .~erformanoe
and full payment of both ;~rinci~a! an~ interest of said certif-
icate~-,n' en it becomes due.
Section IIi. This Ordinance being necessary f3r the im-
medlate preservation of p~b!ic Deace, bee!th and safety hereby
...... t~e efCeot
deo!are~ to be an emergency ordinance ant.,. ~aq~ ¢~- _
immediately u'~3on its
Passed this 22nd day of June, 1948
Offered By: Yencho
Seconded 2,y: Nygaard
Passed by Ayes
Secretary to the CounCil~'