247759 OR161NAL TO CITY CL6RK � � 1��5�
- CITY OF ST. PAUL FOENCIL NO.
' OFFICE OF THE CITY CLERK
CO NCIL RESOLUTION-GENERAL FORM
PRESENTED BY
COMMISSIONE pqTF
WHEREAS, pursuant to Chap ter 1103, Laws of Minne sot a
for 1g6g, 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 1970, for acquisition, construc-
tion and repair of capital improvements ; and
WHEREAS, the Council of the City of Saint Paul on
October 1, 1g6g, by its resolution adopted the Cityts
Capital Improvement Budget for 19'70, after a duly held
hearing with respect thereto, which Capital Improvement
Budget for 1970 contemplates the issuance of �4, 500,000
in bonds o.f said City,
Now, Therefore, be it
RESOLVED� That the Council 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 Chapter 1103, Laws of
Minnesota for 1g6g; be it
FURTHER RESOLVED� That said bonds shall bear date
'�► the first day of the month in which they are sold; that
� such bonds shall be in the form of serial bonds , a portion.
e� � of which shall be payable each year after issue but none
�
� of said bonds shall �un for a longer period than'trtL�r' yeals;
-p and the Council of the City of Saint Paul shall by its
d � �� subsequent resolution fix the dextomination and �6rm of said
� .� bonds, the dates of maturity thereof, and the details and
date of the sale of the same ; .be it
FURTHER RESOLVED� That the proper City officers are
hereby authorized and directed to initiate preparation of
the appropriate documents looking towards the sale of such
bonds .
4 1970
COUNCILMEN Adopted by the Counci 19—
Yeas Nays � L� 1'�0
Carlson
Dalglish pproved 19—_
Meredith
�In Favor
Peterson '
Sprafka Mayor
�Against
Tedeaco �AR � ���
Mr. President, Byrne pUBlfS��
O
t o-,w.
DUPLICATE TO PRINTER . L�� ��Q
O j
CITY OF ST. PAUL FOE NCIL NO.
� OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION-GENERAL FORM
PRESENTED BY "
COMMISSIONER
DATF
WHEI�EAS, purauant to Chap ter 1103, Laws of Minne�at a
for ig69, the City of Saint Paul is authorized �to is�ue and
sell general obligation bonds of the City in an amount of
�4,500,000 for each calendar year during a two-year period
csommeneing with the year 1970, for aoquisitian, construo-
tion and repair of eapital improvemente;:� and
WIiEItEAS, the Counoil of the City of :�aint Paul on
Oetaber 1, i969, by its reeol.ution adopted the City� s
Ca�ital Improvement Budget �or ig70, after a duly held
hearing with respeet thereto, whioh Capital Improvement
Budget for 19?0 contemplate� the iseuance of �$4,500,000
in bands of said City�
Now, There�ore, be it
I�ESOLVED, That the Counof�. of the City of �aint Paul
hereby authorizes the i�suance and sale of general obligation
bonda of said City in the par value a� amount o� �4, 500,000
for the purposes oantemplated by said Chapter 1103, Laws of
Minnesata for 1g69; be it
I?URTHER RESOLVED� That said bonds shall bear date
the first day of the morlth in whieh they are aald; that
such bonds shall be in the form a� serial bonds, a portion
o� wi�ich shall be pa,yabl� each year after issue, but none
of said bonds shall �un for a longer period than�trt�+. yea�
and the Council of the City of Saint Paul shall by ite
subeequent resolution fix the denomination and form of said
bonds►, tho dates of maturity thereo�, and the details and"
datP o� the sale of the same; be it
FURTHER RESOLVED, That the proper City officera are
hereby authorized and direc�ed to initiate preparation of
the appropriate doeuments laoking towards the sale oY suoh
bonds. � � ����
COUNCILMEN Adopted by the Council 19—
Yeas Nays
;�!,'�.�.y �S ��";'pa
Carlson
Dalgliah � Approved 19__
�
Meredith � Tn Favor
Peterson
Sprafka � Mayor
A gainst
Tedesco
Mr. President, Byrne
O