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HomeMy WebLinkAboutOrdinance 254 SS AFFIDAVIT OF ?OSTi~[G COUNTY OF ANOKA ~/~_[~. _~_[~¢_ __, being duly s~.rorn u'~on oath, first deposes and says that on the 2nd day of Aug'ust, !9~,9, he posted a true and correct coi~y of Ordinance No. 2~ of the City of Co!u.mbla Heights, Minnesota, which was passed by the City Council on its first ~eading on June 28, !~9, on the official bu~.etin boards~ located in each of the following ten rub!is places within said City, in accordance with the provisions of Section 108 of the City Charter and City ordinances ' '~" mu_y adomted '~ursuant ~hereto: One at Fire Station One at ~0th and ~th St. One at O~kwood School, ~th and ~tnd One at ~th ave. & ?th St. One at Co!u~:~:bia Schoo!~ Central & ~!st One at Central & ~?th One at 3i!ver Lake School, ".ist & Tyler One at fgth & Jackson St. One at ~o!ice Station, ~Oth & .Monroe One at Central & Gould Avenue Affiant further deposes and says that attached hereto is a full, true and correct co.Dy of the o_mznance so posted. Subscribed and sworn to before // .... ~'~d of August, !9~9. me ~:m s ay ORDINANCE NO. 254 AN ORDINANCE PROVIDING FOR THE ISSUANCE .DF $325,000 P~P_MANENT I-~iPROVEMENT REVOLVING ~'UND BONDS, DETERMINING THE FORM AND DE- TAILS OF THE BONDS, CREATING A SINKING FUND THEREFOR AND LEVYING TAXES FOR THE PAY~fENT THFJ:~OF. The City of ColumOia Heights does ordain: t. It is hereby found, determined and declared that the Permanent Improvement Fund of the City, created by the provisions of Sec- tion 69 (D) of the Cith Charter, as amended by Amendment No. 3, adopted June 9, 1921, is such a fund as is'contemplated in the provisions of Sec- tion 72-B o~ said Charter, as amended April 22, 19~, and By Chapter 475, Minnesota Statutes, as amended, relating to the issuance of bonds for the creation and maintenance of Permanent Improvement Revolving Funds of cities and villages; into which fund are required to be pai~ all monies received from the proceeds of assessments levied for local improvements, and out of which fund is paid the cost of such improvements, subject to repayment of the mon~es so advanced from the proceeds of such assessments; that there are not now in the Permanent Improvement Fund sufficient monies for the payment of ~he cost of local improvements heretofore instituted and necessary to be instituted in the near future, and it is necessary and expedient that the sum of $325,000 be borrowed for the purposes of said fund by the issuance and sale of the negotiable coupon general obligation Permanent Improvement Revolving Fund Bonds of the City in sai8 principal ~mount, ~ich will not cause the indebtedness of the City to exceed any constitutional or statutory limitation. 2. Said bonds shall all be dat~ed August l, 19~9, shall be 325 in number and numbered from I to 325, inclusive, in the denomination of $1,000 each, shall bear interest at the lowest rate obtainable at a public sale not exceeding 3'~ per annum, payable February l, 1950, and semiannually thereafter on August i and February i of each year. Said bonds shall mature serially in order of serial numbers, lowest numbers first, on August i in the years and amounts as follows: ~30,000 in each of the years 19~2 to 1961, inclusive, and $25,000 in the year 1962, all without option of prior payment. The principal of and interest on said bonds shall be payable at any suitable banking institution in the United States designated by the successful bidder, and the City will pay tt~e reasonable and customary charges of such paying agent. Sai~ bonds and the interest coupons to be thereto at~ached shall be in substantially the following form: UNITED ·STATES OF AI~.ERICA STATE OF MINNESOTA COUNTY OF ANOKA NO. _ , $1,000 CITY OF COLUMBIA HEIGHTS PEB14ANENT IMPROVEYflENT REVOLVING FUND BOND KNOW A~L MEN BY THESE PRESENTS that the City of Columbia Heights, Minnesota, acknSwledges itself to be indebted and for value received hereby promises to pay to bearer the sum of ONE THOUSAND DOLL&RS on the let day of August, 19__, without option of prior oayment, and to pay interest thereon from the date hereof until said principal sum be ~aid at the rate of percent (__~) per annum; payable on ~, 19 . , and semiannually thereafter on the day of and on the day of of each year, interest to mat----urity being payable in accorda---~ce wit~ and upon presentation and surrender of the interest couoons hereto attached. Both principal and interest are payaole at the main oFFice oF in in any coin or currency of the United States of America which on the d~ of payment is legal tender for Dublic and private debts. For the oromDt and full payment of such principal and interest as the same respectively become due, the full faith, credit and taxing powers of the Cit~ have seen and are hereby irrevocably pledged. This bond is one of an issue of bonds in the aggregate principal amount of $325,000, all of like date and tenor except as to maturity, issued by said City for the purpose of maintaining the permanent improvement revolving fund of the City, and is issued pursuant to ordinances and res- olutions duly adopted by the City Council of said City, and pursuant to and in full conformity with the Constitution and Laws of the State of MinnesoZa and the Home Rule Ch~rter of said City thereunto enabling. IT IS HEREBY CERTIFIED AND RECITED that all acts, conditions and things required by the Constitution and Laws of the Staze of Minnesota and the Home Rule Charter of said City to be done, to happen, to exist, and to be performed precedent to and in the issuance of this bond have been done, have happened, do exist and have been performed in regular and due form, time, and manner as so required; that all of the taxable property within the territorial limizs of the City is subject to the levy of ad valorem tm~es, within the !imitalons prescribed by law, for the years and in the amounts necessary to pay the principal hereof and interest hereon as they respectively become due; and that this bond, together with all other indebtedness of said City outszanding on the date hereof and on the date of its actual issuance and delivery, does not exceed any con- stitutional, statutory or charter limitation of indebtedness. IN WITNESS WHEREOF, The City of Columoia Heights, Anoka County, Minnesota, by its City Council, has caused this bond to be executed in its behalf by the signature of the Mayor of said City, counversigned by the City Manager, and sealed with the official seal, and has caused the attached interest coupons to be executed and authenticated by the fac- simile signavures of said Mayor and City Manager, all as of August l, 1949, Countersigned: City Manager Mayor (Form of Coupon) NO. ~_______ On the 1st day of February (August), 19__, the City of Columbia Heights, Anoka County, Minnesota, will pay to bearer, at the main office of in the sum of DOLLARS for interest then due on its Permanent Improvement Revolving Fund Bond dated August l, 1949. o (facsimile signature) Countersigned'. (facsimile signature) City Manager Mayor -2- 4. Said bonds shat! be prepared under the direction of The City Manager and when so prepared shall be executed in oehalf of the City oy the signature of t~e Mayor of t~e City, countersigned 0y the City Manager, and the interest coupons shall be executed and authenticated by the printed, engraved or li~nographed facsimile signatures of the Mayor and City Manager. When said bonds have been so executed and authenticated4 they shall be delivered by the City Treasurer to the purchaser on receipt of the par value of said bonds with interest accrued thereon to the date of delivery at the rate or rates specified in the bid of the purchaser of said bonds at public sale, plus any premium offered in such bid, and said purchaser shall not be required to see to the application of said purchase price. 5. There is hereby created a separate sinking fund for said Per- manent Improvement Revolving Fund Bonds, which fund shall be kept by the City Treasurer apart from all othe~~ funds of the City and used for no purpose other than payment of principal and interest on said bonds; provided that if any payment of principal or interest shall bec~me due when thez.e is not sufficient money in said fund therefor, the City Tree. surer shall pay the same from the general fund of the City, and said general fund shall be reimbursed for such advances out of the proceeds of the taxes hereinafter levied. Into said sinking fund shall be paid the proceeds of all taxes levied pursuant to this resolution, ~l other moneys received for or appropriated to the payment of said bonds and interest, and all moneys received from collections of special assessments for local improvements or from other available funds. 6. For the prompt and full payment of the principal of and interest on said bonds as the same respectively become due, the full f~ith, credit and taxing powers of the City shall be and are hereby irrevocably pledged. The City hereby covenants and agrees with the holders from time to time of said bonds that it will annually levy and duly certify to the County Auditor of Anoka County a direct, annual, ad valorem tax on all taxable property within the City, in an amount as least sufficient, together with o~her mo~e~s in said sinking fund, to meet each such orincioal and intere~Y~ mue. §aid tax shall be irrepealable as long as any of said bonds are outstanding and unpaid; provided, that the City reserves the right and power to reduce the levies in the manner and to.the extent oermitted by Minnesota Statutes, .20. Section 475 ~ 7. The City Manager is hereby authorized and directed to file with the County Auditor of Anoka County a certified copy of this resolution, together wi~h such other information as the County Auditor may require, and to obtain from said County Auditor a certificate that the tax required by law for the payment of said bonds has been levied, and that said bonds have been entered upon his bond register. 8. The officers of the City and the County Auditor of Anoka County are hereby authorized and directed to prepare and furnish to the purchaser of said bonds, and to the attorneys approving the legality of the issuance thereof, certified copies of all proceedings and records of the City relating to said bonds and to the financial condition and affairs of the City, ~nd such other affidavits, certificates and information as may be required to show the facts relating to the legality and market- ability of said bonds as the same appear from the books and records under their custody and control or as otherwise known -3- to them, and all such certified copies, certificates and affidavits, including any heretofore furnished, s~all be deemed representations of the city as to the fS~cts recited t~erein. Mayor Offered by - Trench Seconded by - Spekulant First Reading June 29, 19~9 Second Reading August 9, 1949 Published~ 2, 9 and lb, i9~9 Ed Rafel Secretary S~±A'iE OF MINNESOTA GENERAL CERTiF! CATE AS TO CITY OF COLUMBIA HEiC~HTS COUNTY OF ANOEA I, the undersigned, the duly chosen, qualified and acting Clerk and Treasurer of the City of Co!umsia Heignzs oI' Anoka County, Minnesota, do hereby certify as follows: 1. That said City has been a municiua! corooration for more than 25 years. In 1921, it !'irst amo~Zed a Home Rule Charter oursuant to Section 3b, Article IV o~' the Sonstizuzlon of the State of Minnesota. Thereafter it adopted amendments thereto ~Ion are now in ez~ec~, amenalng vne sections !~s~ed below, vlz.: Amendment Provls ions Amended No. or Date Chaoter Section 2 2 !1 3 7 69 (d) 6 7 72-~% (added) 7 8 77 8 9 91 9 l0 Entire Chapt er April 22, 1948 7 72-B 2. That said City lies wholly in said County and inc!u~e§ ap0roxlmate!y 1670 acres, and is divided into 4 election districts. Ail officers of the City are elected at large. Its 1940 census population was 6,035, and its estimated present population is 9000. The following persons have held office and have been members of the City Council since August I, 19~9, and the dates on which their respective terms of office commenced and ex~oired or will excite are: Name O. H. Prestemann Paul Trench John Yencho Leonard Lange Andrew Spekulant P. Theo O!sson Rose!!a C. Johnson Office ~a~; 0 r Counci!man Counci!m~n Councilman C ou nc i !man Term Commenced July, 1949 July, 1947 July, 1947 July, 19~9 July, 1949 Secretary o!' Council Indefinite City Mana~er City Clerk and Treasurer ~ erm Exp ir s s July, :5! July, July, '~! July, July, i953 Regular meetings of the governing body are held at the City Office in said City on the 2nd, 4th Tuesday in each month at 8 o:ciock P M. 4. The Columbia Heights Record is ~e official news- paper of said. City and is published on Friday of each ~.,~eek. 5. That the City has outstanding bonds as follows: Refunding Bonds - 1~% - $40,000 Refunding Bonds - 1.10~ - 29,000 Sewer Bonds - 2% - 260,000 Sewer Bonds - 2~% - 150,000 That the City mai~utains the following funds and has cash therein or Marketable Securities, and has outstanding warrants or orders drawn thereon as follows: Nsme of Fund Cashon Hand Outstanding 0b!i~ations Value of Securities P. I. R. ~!8,921.22 Si~ing 11,445.76 Sewer 6,878.91 7. That to the best of my knowledge, information and belief, the City has never defaulted in ~ayment when due of shy of its general obligations. There is no litigation ?ending~ or known to me to be threatened~ questioning the organization or boundaries of the City, or the validity of its Charter or amend- -2- ments thereto, or the right of any person named herein to the office he is herein stated to hold, or the right of the City to borrow money or issue bonds. The seal af~'ixed oelow is the official seal of said 0ity. 8. That the City of Columbia Heights lles entirely within Independent School District No. 65 and the outstan.!ing bonds of said Independent School District No. 65 are as follows: $33,000 - 2-.~ Bonds, payable $4~,000 per year $24,000 - 1.2~ Bonds payable $4,000 per year that there is now accumulated in said bond account as of July 1, 1949, the sum of $19,599.60. WITNESS my hand as such Clerk and Treasurer and the official seal of said Cit~ this'~/~ay of ~1949 -3- Extract of Minutes of Meeting of the City Council of the City of Columbia Heights, Minn. Pursuant to due call ~ud notice t~ereof, a meeting of the City Council of the City of Columoia Heights, Minnesota, was duly held at the City Office in said City on August 23, 1949, at 8:00 o'clock P.M. The following members were present: Lange, Trench, Sp~kulant, Yencho and Prestemon and the following were absent: none Councilman ~w~jn.t _ presented the following written resolution and moved its adoption: A RESOLUTION PROVIDING FOR THE ISSUANCE AND SALE OF $325,000 PE~NENT IMPROVEMENT REVOLVING FUND BONDS. WHEREAS, ~he City Council on August 9, 1949 adopted an ordinance providing for the issuance of $325,000 Permanent Improvement Bonds, and WHEREAS, the City Council is authorized to proceed with the issuance and sale of said bonds, now, therefore, be it resolved by the City Council of the City of Columbia Heights, Minnesota as follows: 1. The City shall forthwith issue and sell its negotiable coupon bonds in the amount of $325,000, bearing date August l, 1949, bearing interest semi-annually and maturing serially in the amounts of $30,000 in each of the years 1951 and 1961 both inclusive and $25,000 in 1962, all without option of prior payment. 2. The City Council shall meet at the City Hall on the day of September, 1949, at 8:00 o'clock P.M. for the pur- pose of receiving and considering bids for the ~urchase of said Permanent Improvement Revolving Fund Bonds. 3. The City Manager is authorized and directed to cause notice of sale of said bonds to be given by publication once each week for two successive weeks in the Columbia Heights Record published at Columbia Heights, Minnesota, the first of said publications to be at least fourteen days and the second at least seven days before said date of sale. Said notice shall recite the time and place and where bids will be reSeived; that the City will furnish the printed bonds and approving legal opinion of Messrs. Faegre and Benson 1260 NW Bank Building, Minneapolis, Minnesota and of Mr. Joseph E.Wargo, of Columbia Heights, MinnesOta, without cost to'the ourchaser; that the bonds will be made payable to any suitable bank or trust company designated by the successful bidder; shall call for sealed bids, shall name one or more interest rates in multiples of one-tenth or one-quarter of one percent, and shall require a certified check, cashier's check or bank draft in the amount of at least $6500. Mayo~ - the motion for its adoption was duly seconded by councilman Trench _, and upon vote being taken thereon the following voted AYE: Lange, Trench, S!~ekulant, Yencho and Pres~mon and the following voted NAY: none whereupon said resolution was declared duly passed and adopted and the clerk presented the same to the mayor for his signature and the same having been approved and signed by the mayor was declared to be in full force and effect. STATE OF MINNESOTA ) COUNTY OF ANOKA ) CITY OF COLUMBIA HEIGHTS ) SS. I, the undersigned, being the duly qualified and acting Clerk of the City of Columbia Heights, Minnesota, do hereby certify that I have carefully compared the attached and foregoing extract of minutes of a regular meeting of the city council held August 23, 1949, with the oringinal thereof on file and of record in my office, and The same is a full, true and conect transcript of all the minutes of said meeting insofar as the same relates to the issuance and sale of $~25,000 Permanent Improvement Revolving Fund Bonds of said City. WITNESS~ hand officially/and the coroorate seal of said city this/2~ay of _~.ff_~~, 1949. ' City of Co!umUia~Heights, Minn. Ci~y of Co!umbi~ H~e!g)~t~, ?.no~ Co~ty~ Minne~ot~. Held ~u~t~ 9~ i~ur~uan~ to due c~l! and, noT. ice ~hereof, a regular meeting ~-~ Ooua¢,~¢ of ~he ufOS' of Columbia Height~, Mlnnm~ota~ The following members wera present: Trench~ Yeacho~ Spe~Ulant~ Lange~ znd Prm~te~an~ and %he following were abm~n~:: None The Secretary Dre~ented an affld~v!~ sbowlng posting on tho of~iclal bulletin bo~rds~ in aooord~nc~ with See,s%on t9 of %he City Gb~ter, of proposed Ord!nsnce No. 25b, entitled "An Ordinance Provid~n~ for ~he Issuance of ~325;000 Perzanent Imorovem~nt Revolving ~nd Bonds, De~erminln(~ ~he Fo~ and D et~zits of the Bond~, Crestln~ a Sicking Fund Therefor and L~tvy~n~ T~es for the P~yment Thereof", which ez~mined, found sati,~f~zctory and crd.~red pl~ced on file. ~e $ecr. etary further repo~ted that m~i~ ordinance had been filed in his office as directed by the Gouncil and l~ad remained so on file in his office for a period of more than one week prior to the time of this Upon motion duly made, seconded and carried, said ordinance was then placed upon its second rm~dlng ~%nd w~.s fully ~nd distinctly read. Coucc!lman ~ench ~..~ then moved the final ~ssage and ado~tion of said ordinance, which motion was seconded by Counciluan ~~ and upon vote being taken thereon, the following Gouncilm~n vo~ed AYE: Trench, Yencho, Spekulan~, ~mge, ~d and the following voted NO: None whereupon said ordinance was declared duly ]~see~ and ~d was approved and signed by ~he Mayor, whi~ wa~ attested by the Secretary. -1- STATE OF MIN~ESOTA ) COU~TY OF ANOF~ ) I, the undersigned, being the duly qualified and acting City Clerk of the Council of the City of Columbia Heights, Minnesota, do hereby certify that I have comoared the attached and foregoing extract of minutes with the original minutes on file and of record in my office, and that the same is a full, true, and corree~ trans- crll~t of the minutes of a meeting of the City Council of said City duly called and held on the date therein indicated so far ~s such minutes relate to $325~000 Permanent Improvement Revolving Fund Bonds of said City. '" WITNESS ~y hand and the seal of said Cit~ " this ~ cay of g~+~. , Extract of the Minutes of Meating of the City Council of the City of ColumOia Heights, Anoka County, Minnesota Held June 28, 1949. Pursuant to due call and notice thereof, a regular meeting of the City Co.~ncil of the City of Columbia Heights, Anok~ County, Minnesota, was duly held in the Citj Office of said Cizy on the 28th day of June, 1949, at 8:00 o'clock p.m. The following memOers were present: W~ldon and Soderholm, and the following were absent: none Trench, Yencho, Nygaard, First reading of Ordinance No. 254 entitled "AN ORDINANCE PROVIDING FOR THE ISSUANCE 0~v3zS, ~ ~ 000 P~E~T~ "~ ~ IMPROVEMENT REVOLVING FUND BONDS, DETERMINING THE FORM AND DETAILS OF THE BONDS, CREATING A SINKING FUND THE)~EFOR AND LEVYING TAXES FOR THE PAYMENT THEREOF". STATE OF MINNESOTA ) SS. COUNTY OF ANOKA ) I, the undersigned, being the duly qualified and acting City Clerk of the Council of the City of Columbia Heights, Minnesota, do hereby certify that I have compared the attached and foregoing extract of minutes with the original minutes on file and of record in my office, and that the same is a full, true, and correct trans- cript of the minutes of a meeting of the City Council of said City duly called and held on the date therein indlc~ted so far as such mir~tes relate to ~325,000 Permanent Improvement Revolving Fund Bonds oi' said City. WITNESS My hand and the seal of said City this ___ day of 1949. CITY CL~K CERTIFICATION THIS IS TO CERTIFY, That the following proposed Charter Ament- sent to the Charter of the City of Columbia Heishts, County of Auoka, State of }~innesota, was, at a Special Election called for the purpose of voting upon the adoption thereof on the ZEnd day of April, 1948, duly ratified and adopted. Section 72-B Bonded Debt and Limit. No bond shall ever be Issued to pay current expenses or to refund certificates of in- debtedness issued to provide for temporary deficiencies in the revenues %o cover current expensesj but bonds may be issued by a four-fifths vote of the counci~,~su~Jebt~to the ref~rgndun powers of the people, for the purchase of real estate, for new construction, for new equipment and for all improvements of a lasting character. The total bonded debt of the city shall never exceed l0 per cans of the assessed valuation of all the taxable proper~y in the citY,.~but in computing the total bond- ed debt, emergency debt certificates, and bonds issued prior to the adoption of this charter and either held in a sinking fund or issued for the purchase, construction, maintenance, ex- tension enlargement, or improvement of water, or other public convenience from which a revenue is or may be derived, owned and operated by such city or village, or the acquisition of property needed in connection therewith, or for the improvemeat of streets, parks or Other public improvements, to the extent that they are payable from the proceeds of assessments levied upon property especially benefitted thereby, and obligations issued for the im- provements which are payable, wholly or partly, from c~llections of special assessments levied on property benefitted thereby, or for the creation or maintenance of a permanent Improvement revol- ving fund shall not count as part of such to~al bonded debt. In no case will bonds be issued to run for more than ~0 years. The purpose for ~ich bonds are issued shall be set forth in the or~ dinance authorizing them and the proceeds from such bonds shall not be dluerted to any other purposes. b-i%y C~erk Councilman Yencho then introduced and read the following written written resolution and moved its adoption: A REoO..UTiO~i FIXING THE FO.~.~ AND DETAILS OF $325,000 P~R~,h~NENT~'~ - T IMPROVEMENT REVOLVING FUND BONDS, DIRECTING THEIR EXECUTION AND DELIVERY AND LEVYING A TAX FOR THEIR PAY]/~ENT. BE IT RESOLWED oy the city council of the City of Columbia Heights, Minnesota, as fo!lo~s: i. The City of Columbia Heights shall forthwith issue and deliver its negotiaOie coupon Permanent Improvement Revolving Fund Bonds in the aggregate principal amount of $325,000, dated August 1, 1949, said bonds to be 525 in number and numbered from 1 to 325, both inclusive, in the denomination of %t,000 each, to bear interest at the rate of 2.5~ for bonds No. 1 t¢ 120, inclusive, 2.7~ on bonds No. 121 to 325, inclusive, payable semiannually on the ist day of February and the 1st day of August in each year, and to mature serially in order of serial numbers, lowest numbers first, on August ist in the years and amounts as follows: $30,000 in each of the years !952 to 1961, bota inclusive, and ~23,000 in 1962, all without option of prior payment. Both princiDa! and interest on said bonds shall be payable at First National Bank of Mi.~:~eapo!is, and the city shall pay the reasonable charges of such bank for acting as paying agent. The Bonds and the interest coupons to be atlsched thereto shall be in the form set forth in Ordinance No. 254. 3. The City Manager shall cause said bonds to be printed at the cost of the city, and said oonds shall be ezecuted in behalf of the city by the mayor and city manager and shall be sealed with the official corporate seal, and said coupons shall be executed and authenticated by the printed, engraved or !ithographed facsimile signatures of said officers. When said bonds have been so e;~ecuted they shall be delivered to the purchaser thez~eof upon receiot of the purchase price and the puz~chaser sD. all not be obligated to see to the proper application of such purchase price beyond its oayment to the city. ~ 4. The full faith and credit of the city are hereby irrevocably pledged to the prompt and full payment of the orincipa! 'of and interest on said 'bonds as such principal and interest become due. In compliance wlt~ Minnesota Statutes and in order to provide moneys for the payment of the principal and interest on said bonds there shall be and is hereby levied upon all the taxable property in said city a direct, annual ad valorem tax to be spread upon the tax rolls and collected with and as apart of other general city taxes in the years and amounts as follows: Yea__r Amount Yea__r Amount 1949 $18,000 1955 $36,400 1950 40,500 1956 35,5OO 1951 39,800 19~7 3~,700 1952 38,900 1958 53,800 1953 38,000 1959 33,000 1954 37,200 1960 27,000 Said levy shall 'be irrepealable provided that when and if other :::oneys are available or shall be made available in the special sinking fund to pay said principal and interest, the dity manager shall certify such amount to the County Auditor of Anoka County on or before October 15th of an~ year amd direct him to reduce or cancel said levy. There is hereby created a separate sinking fur~d for the payment of the ?rincipal and interest on said bonds into which shall be paid the proceeds of the fo~_~egoing !evi~s and such oth~r sums as may be directed to be used for the payment of said bonds and out of which fund there shall be .maid the interest on and principal of said bonds as such principal and interest become due, and said fund shall be used for no other purpose untO! all of said bonds have been :?ald. 6. The secretary of the council is hereby directed to cause a copy of this resolution, certified by the secretary, to be filed in the office of the County Auditor of Anoka County, Minnesota, and to obtain from him the certificate required by Minnesota ~tatutes. 7. The ci~ manager is authorized and directed to furnish to the purchaser of said bonds and to the attorneys approvin~ the ss~ne certified copies of all proceedings and records of the city relating to said ~onds and to th~ financial af~'alrs of the city and such other certificates as may be required to sho~.~ the facts as to the power and authority of the city ~o issue said bonds within his knowledge or as shown by the 'books s~ad records Under his control and custody, and such certified copies and certificates shall be deemed representations of the city as to the facts stated therein. O. H. PRESTE~[ON Ma~or Secretary of the Council The motion for the adoption of' the forego2ng resolution was duly seconded by Councilman Trench, and upon vote being taken thePeon, the following voted AYE: Lange, Trench, ~peku!ant, Yencho and Prestemon, And the following voted NO: None, whereupo~ said resolution was declared duly passed and adopted.