HomeMy WebLinkAboutDec 10, 1924 A continuation of the adjourned
'meeting of Tuesday, Dec. 9th, was
~ ~eld in the Columb,ia School, W, sd-
nesd,ay, Dec. 10th, ,for the purpose of
c:dopting resolution to take up State
Loan. Meeting. called to order by
Maypr Morton. Roi.1 call t]e.und
Councilm,~m Ledwein ab~snt. Corn~
mun{cation was read from City
torney. Peterson in regard to takin,g-
up State Loan.
6oun¢ilwoman Ostrander offers the .
following resolution an'd moves
its adoption: 'Whereas, the~treasurer
of the~ City of Columbia Heights in
the county (~f Anoka, State of Minne~
sore, has hero,Glare made applies-.
tion ,to ,the state board ,of investment
;~f tile state o.f Minnesota, for a loan
of ~95.000 pursuant to* a special elec-
tion ,held in said city ~n~ the f3th day
of Oct'obek,' 1923. And, ~hereas,
i orable action, upon sa~d applieati'on
!.has been/wifahhsld bY l~k~ state board
i'because .the indebtedness of said cily
excee0~ed 15 per cent of its assesse'd
valu'ati~n. And; w,h-ereas, 9he in-
debtedness ,of said city has bee~
reduco~ that it is now well within
~5 per cent of ~ts .assessed valuation
',for the year !of 1924; and the
amount ~now required to take up alf
' the outstanding warrant.s of said ciW
is'but $47,500, now, therefiore, be it,
, Resolve:Yay the .~overning body of
said city of 6olumbia Heights at 'a
regular ~ ~rnd duly called ,meeting,
thereof, leg,%lly held on the lO~h day
of Deezmber, 1924, a quorum being
presort:t, that .in tf~ opin;ion it is
pofl.ien:t f:~r ~he pur. pose o£ refunding
said outstanding v,:krrants ,in accord~l
, anco wif;h sa:id Simcial electian, audi
sa,i,d application to ,said State Boardi
,of Inwestment, to issue to the ,Sts~te~
of Minnesota the refunding bends of[
said, City in the aggregate amount of
$47.500 only, and that the maturities
and amoun~ Of sai'd b~on.ds bo chang-
ed to :the maturities ,~nd amounts'
herehmfhe:r se~ forth:
1. One E:ond .for the ~m'
pa~yabl~ July 1st, 1930.
2..One '~::ond 'fO~ the ~um ,of $3,000
payable July 1st, 1931.
3. One r-:end for the sum ~of $3,000,
,payable July lsl, 1932.
4. , One ~:ond ,for the sum ~af $3,00O
'payable July 1st, 1933.
5. O~e Bond..for the sum ~f $3,000
payable July 1st, 1934.
6. O,ne }:end for ~he sum ~f $3,000
pays.bls July 1st, 1935.
7. 'One Bond for t. he sum of $3,000
~ayable July 1st, 193'6.
8. One ~;.ond for the sum of $3,000
p~able July l:st, 1937.
9. One ~ond for the sum ~o,f ~3,000
payable July 1st, 1938.
10. One Bond for th~s, sum of $3,000
' payable July 1st, 1939.
11. One 'Bond for the sum ~c¢ $3;000
payable July 1st, 1940.
12. One Bond for the sum .of $3,000
~p~able July 1st, 1941.
13. One Bon, d for the sum of $3,000
payable July 1st, 1942.
14. &ne' Bond for ~h~ sum..~-'~3,00O
payable July ist, 1943.
15. Om~ Bond'for ~he sum ,o.f $5,500
r~able July 1st, 1944.
This motion w~ duly seconded by
Councilman Kavrow. Boll'cai1. Ays, 4.
Na~s, none.: Motion by ~urgoyne
seconded %y Ostrander t'hat*meetin~:
;be 'a.~JPur-ned fi~ Tuesday, December
23r, 1924. Carried,.
~ . ~eeretarT;:'
Amendment ~o Ordinance No. 23
The.'foi~owing amendment to
dinan~ No. '23 to be known as
~tion 5 (b).
~a person, iirm or corporation
.shall m~intain any pool or ~aillia~d
:room er bowling alley within one
th'ousand (1000) feet of school build~
ings~ all in the city of' Columbia
Heights. ~ ~"
First Reading, November 2~,
Second Reading, Dec. 9, 1924.'
Passe,d, Dec, 9,' 1924:
AtteSt; ·
'~ ~. H. Morton, .Mayor
. Mrs. J. G0al(1, Sec'y ~f Council