257131 O'161NAL.70�ITY CLBRK �����J.
R. �. CITY OF ST. PAUL H ENCIL NO.
,, • OFFICE OF THE CITY CLERK
- COUNCIL RESOLUTION-GENERAL FORM
PRESENTED BY �
COMMISSIONE ArF
RESOLVED� by the Council of the City of Saint Pau1,
that pzirs�.iant to the provisions of Chapter 773� Laws of Minnesota
_Cor. 2y'71, Regular Session� and Ordinance �Vo. 13679 of the City
of Saint Paul� as amended by Ordinance No. 144G5, there shall
be issuecl and sold general obligation bonds o:f said City in the
��g�regate par value amount o:f Four Million Five Hundred Thousand
Dotlars (�4,500, 000) for the purpose of procurement by said
Ci�ty of �unds in said amount to be used by the Gity exc;lusively
fc�r �the acquisition� eonstruetion and repair of capital improve–
nients oP tl2e City of Saint Paul authorized in the capital i�prove–
r:ien�(; buitgei; of saicl City for the year 1972; be it
FU�TfiER PESOLVED� that said bonds shall be issueci and sold %
- �ilY•suant to th� pro�s*isions of said Cha�ter 773, Laws of. Minnesoi:a
t��' 197� � Regular Session, and in accordance with Chap•(;er 475�
�I:ia�.ne,^,ota S�t�.tutes 196g, as amended� and � said bonde hereby
a�.i�thox•ized to be issued and sold shall be dESigna.�ted, ��Capil�al
3n�p.rovement I3onds � S�ries 1972" ; �that each of said bonds sliall be iri the
cleriozua.z�a�:�on of Fi�e Thous�.nd Dollars (�� 0��0� • thai; s�,id bonc�s
, -a � r_l�1:n r 3^`.-{.`,� F • ... .i�,� f / f
'� l�i.1_�_ �.2f',�.T <_. `Ji :�.�it,c,i i;:i u fLv i� ?.n "CE't?Ci :�;T�"Lri �J�Y'•,•
�..�.
�%�?1t (l�o) per annum, payai�le semi-ar�rivally an the �firs� da,y o�
!��ih?.xst �.�d the firsi; day of February� accordin� to tr� �.:��.teres�f:
co��anns to be at�tached to saicl bonds ; that saici boz�ds sha�.1 l�a
��ate-'cI FeU�ua.r.y 1� 1y72, th�.t said bonds shall be issued auc� sold
b� the City of Saint Paul in th� manner provided 'uy l�zw; a�ad said
no_�2c1� shall ba se rial in form and sha11 matLYxP sera.a�.Iy ia�i eaeh
fl� tfie ��ars and in amounts as �ollows :
�
FORM APPROVED:
_ ��
Asst. Corporation Coun ei,
.� .
COUNCILMEN Adopted by the Council 19—
Yeas Nays �
Butler
Carlson Apprnve�_ 19—
Levine _In Favor
Meredith
Sprafka Mayor
Tedesco ASainat
Mr. President, McCarty
�
1 \ 4 + ' �LJJ� Y���,-
" � �•
Yc7.�P, Z .
Date of Maturi tS� A►noun�L
February 1 , 1�7; �450, 0OO. OU
I�'ebruary 1 , 9_G74 45Q, 000. 00
Fek�rua.ry 1 , 1975 , 1+:ti0 , 000. 00
Februar3� 1 , 1976 4�0, 000.00
P�:bru<�,ry 1_ , 1977 4�0 , 000. 00
Februa.ry 1 , 19%8 1t70 , 000. 00
Feli�°i.za.ry' 1- , 1-�79 1i jU , 000. C.�O
Febri�ary 1, �.)80 450, 000. 00
1�'ebrua.ry 1 , 1y81 ��50 , 000.00
Februar,y 1 , 1982 450�,000. 00
Total �1f, 500, 000. 00
be i.t
. FUR`1'HER RESOLt�ED, that said honds ancl 1;he coupons attached
thereto sh�.l.l be in substantially the followin�; form, wliich has
beerl prepared by �t;he Sinlci.i�g I'und Committee anc�. a��pro��ed by tile
Corporation Counse]_ of 1;he City oi Sairzt Paial , �xid is t�ereby
approved and adoptecl :
"Ul�TITED SZ'�TES OF AMERICA
�TnmF; �F M':�ti1��Sr�`I'��
COUI�rTY OF R.ar�1SEI' �
CI TY OF' SAIN`i' I'AUL
CAPITAL T�IPROVEMEtiT�P BOND
SFRIES 1972
No . . . . . . . . . . . . . . . . . . . . . . . . �5, 000
"KhO�J ALL� MEN BY THESF PRESENTS, That �he City o�
Saint Pau1 , in tl�e Couni ,y of Ramsey arid State of
Minnesota, acl�nowledgc;s itself tc� owe ar.ad ior value
recei��ed hereby promises to pa�y to bearer the sum of
Five Thousanu Doil�,:c:� �`;:� , ���j �� �=he ��'i?�s1-, ci.i�� o�f February ,
1g. . . , together �aitli iriter. est thereon i'rorn tiie date
hereof until p�id at ttie rat,e oi' . . . . . . . . . . . . per ceri tum
per annum, payakile semi—ar.iivally on 1;he first days o�'
August a.nd February in each. year, as evidenced by and
• upon the presentation and surrender of the annexed interest
coupons as they severally become due . lioth princip�.l of
and interest on this bond are paya.bl.e in lawful moriey of
the Unitecl States of America �t the office of the Fiscal
Agent of the City of Saint Paul , iii either Saint Paul ,
Minnesot�, or New York , New York , at the optiori of the
holder; and for the prompt paymeni; of this bond, both
principal and interesi� , at maturity, the full faitYi and
credii: of the City of Saint Paul are irrevocal�ly pledyed.
. h �
+ • .
� • ������
Page 3,
"This bond is one of aseries of bonds issued and
sold by said City of Saint Paul in the aggregate par
value amount of Four Million Five Hundred Thousand
Dollars (�4, 500, 000) , authorized by Chapter 773, Laws
of Minnesota for 1971, Regular Session, for the purpose
of the procurement of funds in said amour�t to be used by
said City for the acquisition, construction and repair
of capital improvements of the City of Saint Paul , as
authorized by said Chapter 773, Laws of Minnesota for
19'71, Regular Session.
"This bond is issued and sold by said City of Saint
Paul under and by authority of said Chapter 773, Laws
of Minnesota for 1971 , Regular Session, under and by
authority of a duly adopted Resolution of the Council
of the City of Saint Paul , an d in full compliance with
said Chapter 773, Laws of Minnesota for 19'71, Regular
�ession, said Resolution, the Charter of 'the City of
Saint Paul , as applicable , and Chapter 475, Minnesota
Statutes 1g6�, as amended.
"This bond may be exchanged for a fully registered bond
_. � �at the office of the Comptroller of the City of Saint Paul
at the expense of the holder.
"It is hereby certified and recited that all things,
acts and conditions required by the Constitution and Laws
of the State of Minnesota and the Charter of said City
to happen and be done and performed precedent to and in the
issuance of this bond, have happened and ha ve been done
and performed in regular and due form and time as required
by law, and that the total indebtedness of the said City ,
including this bond, does not exceed any constitutional ,
statutory, or charter limitation.
"IN WITNESS WHEREOF, the said City of Saint Paul by its
Council has caused this bond to be sealed by the facsimile
of its Offic ial Seal , lithographed Y���eon, to be signed
manually by its Mayor, attested by the lithographed facsimile
signature of its City Clerk, and countersigned by the litho—
graphed facsimile signature of its Comptroller, and each of
the interest coupons hereto attached to be executed by the
lithographed facsimile signatures of its said officers , as
of the first day of February , 1972.
. . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mayor
��Attest : . . . . . . . . . . . . . . . . . . . . . . . .
City�Clerk
Countersigned: . . . . . . . . . . . . . . . . . . . . . . . . . . . .
City Comptro �ler
,. :�� _� • .
. ,
����� �q
. ��� ti �
Page 4.
"COUPON
irNO . . . . . . . . . . . . . . . . . . . �. . . . . . . . . . . . . . . . . . .
"On the first day of August � 19. . . � the City of Saint
February -
Paul , Minnesota, promises to pay to bearer . . . . . . . . . . . . . . . . .
Dollars (�. . . . . . . . . . . ) at the office of the Fiscal Agent of
the City of Saint Paul , in either Saint Paul , Minnesota, or
New York, New York, at the option of the holder, for interest
due that day on its Capital Improvement Bond, Series 197�,
dated as of February 1 , 1972, No. . . . . . . . .
. . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mayor
Attest : . . . . . . . . . . . . . . . . . . . . . . . . . .
City Clerk
Countersigned: . . . . . . . . . . . . . . . . . . . . . . . . . .
City Comptro ller "
and be it
FURTHER RESOLVED, that each said bond shall be sealed
by the facsimile of the Official Seal of the City of Saint Paul
lithographed thereon and signed manually by its Mayor, attested
by the lithographed facsimile signature of the City Clerk, and
countersigned by the lithographed facsimile signature of its
Comptroller, in accordance with Section 475 . 55, Minnesota Statutes
1969, as amended, and the interest coupons thereto attached shall
be executed by the lithographed facsimile signatures of said
officers ; and be it
FURTHER RESOLVED, that sealed proposals be received in the
office of the City Comptroller in the City Hall and Court House
Building, in the City of Saint Paul , Minnesota, up to 10:00 o ' clock
A.M. (C .S.T. ) , February 14 , 1972, for the sale of all or none
of said bonds , after gi�ving due notice of said sale in the manner
prescribed by law, in the St. Paul Legal Ledger, the of ficial
newspaper of said City, an d in the Commercial West, a fi�ancial
periodical published in the State of Minnesota ; th at each bid der
shall be required to accompany his bid by a certified or cashier' s
check for two percent (2�) of the amount of bonds bid for,
which will be forfeited to the City as liquidated damages if
the bonds are not taken and paid for when ready for delivery;
oRta��w�.TOyctrr c�srtK ,..,,,.�w.�,a �I�
, � t - CITY OF ST. PAUL �E NCIL NO. `��
` OFFICE OF THE Cln CLERK
- � COUNCIL RESOLUTION-GENERAL FORM
PRESENTED 6Y
COMMISSIONEQ OATF
Page 5.
that the City Gomptroller shall� at the next me eting af ter
receiving said bids , present the same to the Gouncil for
their action thereon; and that said bonds shall be awarded
to the person offering the lowest net interest cost therefor
to the City , not exceeding seven pereent ('7�) per annum.
JAN 2 0 1972
COUNCILMEN Adopted by the Council 19—
Yeas Nays
Butler JAN �1 1��
� � A ro 19—
�� —�n Favor
Meredith
Sprafka a yor
Tedesco A8'ainat
Mr. President, McCarty
PUBLISHED JAN 2� 1972
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