252134 � • ��2���
ORIGIN.'�J.TO CITY CLERK
� CITY OF ST. PAUL FIOENCIL NO.
OFFICE OF THE CITY CLERK
C RESOLUTION—GENERAL FORM
PRESENTED BY
COMMISSIONE ATF
WI�REAS, pursuant to Chapter 1103, Laws of Minnesota
for 1969, the City of Saint Paul is authorized to issue and
sell general obligation bonds of the City in an amount of
�4, 500,000 for each calendar year during a two-year period
commencing with the year 1g'70, for acquisition, construc-
tion and repair of capital improvements; and
WHEREAS, the Counc il of the City of Saint Paul on
January 19, 1971, by its resolution adopted the City ' s
" Capital Improvement Budget for 1971,
, which Capital Improvement
Budget for 197•1, contemplates the is suance of �4, 500,000
in bonds of said City,
Now, Therefore , be it
RESOLVED� That the Counc il of the City of Saint Paul
hereby authorizes the issuance and sale of general obligation
bonds of said City in the par value amount of �4,500, 000
, for the purposes contemplated by said Ghapter 1103, Laws of
` Minnesota for 1969; be it
FURTHER RESOLVED� That said bonds shall bear date
-� the first day of the month in which they are sold; that
p such bonds shall be in the form of serial bonds , a portion
q � of which shall be payable each year after issue , but none
" of said bonds shall run for a longer period than thirty
o ..�o years ; and the Council of the City of Saint Paul shall by
o � its subsequent resolution fix the denomination and form of
c� p said bonds , the dates of maturity thereof, and the details
� m and date of the sale of the same ; be it
c
FURTHER RESOLVED� That the proper City officers are
� hereby authorized and directed to initiate preparation of
the appropriate documents ].00king towards the sale of such
bonds .
JAw �6�9T1
COUNCILMEN Adopted by the Counci� 19—
Yeas Naya JAN a s �s71
Butler
Carlson App ve 19—
Levine ?_In Favor
Meredith �
Sprafka U
Tedesco A gainst
J��y � 0 197a
Mr. President, McCarty PUBLIS�ll -
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�,� • 252134
.���,�
, CITY OF ST. PAUL �COENCiI NO
OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION—GENERAL FORM
PRBENTED CT
COMMISSIONER DAT�
1�S�AS� guraataat to Chspter ��03i LaM� oi Mians�rota
ior i9b9, the City oi 8aiat Psul ts aa��horised to i��us and
�ell seneral obligation boads o! the Cfty ia aa a�onnt o=
�4,g00,0�0 !or eaoh eal�ndar y�ar dnrin� a trto-year period
oo�usencin6 rith the ysar i970, tor aoqui�ition, oon�truo-
tioa and repair oi oapltal i�prove,eats; aad
1�8BR�CA3, the t3o�o il o! t�e City ot 9alat Paul on
Jan�axy 19, 1971, by i�s r��olutioa adopted the City�s
Capitsl I�proveseat Hndsst ior i97i,
, rrhioh Capitsl Ia roveoent
Hud�et ior l97� oont�aplate� the issnanoe ot �i�00,000
in bc►nde ot raid City,
KaM, T2ae s�e io rs, be it
BSSOLVED, Tbat f�i,• �ouaoil oi the City ot Saint Paul
Loreby snthorises t�e ��usnee a�nd sale ot g�n•ral obli�stioa
bonds a� said �ity in the par valne �moaa� ot �i,S00,000
!or th� p�i�pasee conte�aplstsd by �r�'i`�" Chapter 114;, Laxs ot
M3nns�ota ror 1969; be !t
.,,�.,,
P'U8'PSEB �E30LY�D, That �aid bonds �hall �sr dste
tHe iir�t day o! th� �onth tn Mhioh they are iold; tbat
�uoh bo�l� �h�ll be in the iora� oi serial �ad�, a�portioa
oi Nhicrh shall be payablo eaoti ysor sitsr i�n�s, but noae
oi �aid bonds shali rva �or a loa�er period tn+� t,tiir*y
ysar�; end the Counoil oi the City oi Ssint Panl a�hall by
1t• rnb��quent rs�olhtion :ri: th� deao�instion +�d ior� oi
sald boa�l�, t6s dste• ot �atnrity the rsoi, and the detailr
an� Qate oi the •ale oi the aaae; be it
1�tTxTIIEB RESOLYED, Tliat the proper City ottiaers are
hereby snthorised aad dineted to i�i�tiate preparstion o!
�h• eppropris't� doom�ent• �ookia� toNards t6e �ale ot �u�h
boad�.
rAH a��s�a
COiTNCILMEN Adopted by the Council 19.—
Y� xa� JAN a 61971
Butler
Caxlson Approv� 19�
�� � Tn Favor
Meredith
Sprafka v ��
Tedeaco Ag�t
Mr. President, McCarty
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