Loading...
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