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HomeMy WebLinkAboutOrdinance 256ORDINAYTCE I~O.
A~ O?~DINANCE AUT~ORIZING THE SAI~E BY THE
CITY TREASURER OF ~10;000.00 E~'iERGE!~CY
DEBTS CERTIFICATE.
~EI~H~ DOES ©RDAIN:
Tt~.E CIT;£ O~~ COLU.~¥~BIA ~ o. ~
Section 1. That the City of co!um~.~ia Heishts, _~[innesota does
hereby aut.b.:orize the sale by the City Treasurer of Columbia Heights
emergengy
interest at the rate of ~ per annum, interest to be payable at the
maturity of said certificate, to be number One (!), and shall be
payable as to both principal and interest at the Columbia Heights
State Bank in the City of Columbia Heights, ~.~iinnesota and shall
mature on the
day of
That said Certificate shall be in substantially the following
form.
DOLLARS
L~ITED STATES OF AMeRIcA
~:STATE OF MIN~ESOTA
COUNTY O? A~OF~
CIT~Z' 0~' COLU.~,IBIA ~_~EIGHTS
EIv[ERGENCY CERTIF.ICATE OF INDEBTEDNESS
TI-lIS !S TO CERTIP¥ THA'iP Ti~E CITY OF COLU}'~BIA HE.[GHTS, in the
County of l~noka, State of }f, innesota, for value received hereby
promises to pay beare~ t?~e sum of ~i! at the
Certificate of Indebtedness, on the , with
from date hereof until paid at the ra--~
interest payable at maturity and for the prUmp--ff paym--~i~n~--~f-~ ~ti-g'
principal and interest of t~is Certificate the full faith, credit
and resources of said City of Columbia Ileishts are h~reby
irrevocably pledged.
PREAMBLE
ORDINANCE ENTITLED, "A¥-URDINANCE
AUTHORIZING THE SALE BY THE CITY
TREASURER OF ~10,000.00 EMERGENCY
DEBT CERTIFICATE.
',.W_-iEREAS, receipts from taxes and the sale of
'bonds have been insuZ'ficient to pay for improvements
heretofore contracted and
~-iEREAS, t?'~ere are insufficient moneys on ha'ad
to make payment for such work completed and therefore
the general permenent improvement installation
program, is jeopardized.
T.~_~REF0~, the City Counail of the City of
NOW ~ ~
Columbia Heights hereby and under this p~eambla de-
clares t~at a puol_c emergency exists which subjects
the C~ty to the necessit} of providing immediate f~.mds
for the general ?~servation of 'the public peace, hea!ti~,
and safety, and ~hs passage of Ordinance number as
an emergency ordinance.
Offered by
Secoaded ~'
Roll Call
Passed this 6th day o[ September, 19~9.
~~~ th'
~d. ~a£el, Secretly ~ e Council
IN WITNESS ~JEREOF said City of Columbia Heights, Anoka County,
~,~innesota has caused this certificate to be signed by its ~ayor and
City ~.anager and countersigned by the City Clerk and sealed with the
seal of said City, and hs.,a caused this Certificate to be dated as of
the , 19
City ~ianager
Attested:
C'ity Olerk
IT is hereby certified and recited that all acts, conditions
and t?~ings required by the Charter of said City and by the Constitution
and Laws of the State of Minnesota, to have been done, to have
happened and to have been performed precedent toand in issuance of
this certificate have been done, t~ave happened and ~ave been performed
in regulation and due form, time and manner and that this certificate,
together with all other indebtednesses of this city outstanding on the
date hereof do not exceed any constitutional, statutory or charter
limitation of indebtedness.
IN WITNESS ~EPJ~0F the City of Columbia Heights, StaOe of
Minnesota, by its council, has caused this certificate to be issued
in its behalf by its City ~,~anager and Mayor and countersigned b y the
City Clerk and Sealed with the seal of said city, and has caused this
Certificate to be dated ~ o
Section II. That this certificate shall be executed in behalf
of said City be the ~gayor and City Manager and countersigned by the
City Clerk and sealed with the official seal of said City and the full
faith, credit and resources of said City shall be and hereby are
.irrevocably pledged to the per.~:ormance and full payment of both
principal and interest of said certificate when it becomes ~ueo
Section III. This Ordinance being necessary for the immediate
preservation of public peace, health and safety hereby declares to be
an emergency ordinance and shall take effect immediately upon its
passa6e.
Passed this 6t~ day of S~%1949.
Offered b::
Seconded by:
Roll call:
Trench
yencho
A~ es All
Nayes None
Se~t~-~~e~e Council