Loading...
HomeMy WebLinkAboutOrdinance 516 (2)NUMBER UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF ANOKA CITY OF COLUMBIA HEIGHTS DOLLARS EMERGENCY CERTIFICATE OF INDEBTEDNESS THIS IS TO CERTIFY THAT THE CITY OF COLUMBIA HEIGHTS, in the County of Anoka, State of Minnesota, for value received hereby prom- ises to pay bearer the sum of $165,000.00 a~ the Columbia Heights State Bank, Columbia Heights, Minnesota, upon surrender of this Certificate of indebtedness on the rate of 4 per cent per annum, interest payable at maturity and for the p~ompt payment of the principal and interest of this Certificate the full faith credit and resources of said City of Columbia Heights are hereby irrevoc- ably pledged. IN WITNESS WHEREOF SAID CITY OF COLUMBIA HEIGHTS, Anoka County, Minnesota, has caused this Certificate to be signed by its Mayor and City Manager and countersigned by the City Clerk and sealed with the seal of said City, and has caused this Certificate to be dated as of the 16th day of March, 1961. Attested: City Clerk City Manager It is hereby certified and ~ecited that all acts, conditions and things required by the Charter of said City and by the ~onstitu- tion and Laws of the State of Minnesota, to have been done, to have happened and to have been performed precedent to and in issuance of this certificate have been done, have happened and have beeh performed in regulation and due form, time and manner and that this certificate together with all other indebtedness of this City outstanding on the date hereof to not exceed any constitutional, statutory or charter limitation of indebtedness. IN WITNESS WHEREOF, The City of Columbia Heights, State of Minnesota, by its Council'has caused this certificate to be issued in its behalf by its City Manager and Mayor and countersigned by the City Clerk and sealed with the seal of said City, and has caused this Certificate to be dated March 15th, 1961. Section II. That this certificate shall be executed in behalf of said City by the ~aypr 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 performance and full payment of both principal and interest of said certificate when it becomes due. 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 passage. Passed this 13th day of March, 1961 Offered by: McCline Seconded by: King Roll Call - Ail Ayes. Secretary to City Council