234703 .
OriQinal to CIty�Clerk ''' •' � ! � ,
� � ORDINANCE 23��Q°�
COUNCIL FILE NO.
� PRESENTED BY ORDINANCE NO �� ��
' An ordinance authorizing and providing for the
_ _ issuance and sale by the City of Saint Paul of Sewage
Disposal System Bonds , Series 1g67E, of said City of
Saint Paul , in the aggregate par value amount of
. �1, 150, 000, authorized by Chapter 341, Minneaota
Session Laws for 1933, as amended; Chapter 445,
Minnesota Statutes 1965, as amended, for the pur-
pose of the procuremen� of funds in said amount for
application in par`t'ial payment of the duly apportioned
obligation of said City of Saint Paul for the payment
, ' of the cost of that portion of the expansion of the
sewage system and- treatment plan.t of Minneapolis-
Saint Paul Sanitary °District proposed to be constructed `
in the years i967 and 1968, and to constitute 'part of
the expansion thereof proposed to be constructed in its
entirety during the years 1g63, 1964, 1g65, 1g66, 1g67 �
and 1968, such sewage system and treatm-ex�t plant having
been and to continue to be established and maintained
for the collection, treatment and disposal of sewage ,
an.d waste materials, used by said City of Saint Paul
jointly with the City of Minneapolis, and comprising
and to continue to comprise a part of the complete plan
' of sewage and waste material collection, treatment,
and disposal system of said Minneapolis-Saint Paul
Sanitary District, as authorized by said Chapter 341,
Minnesota Session Laws for 1933, as amended (Chapter
445, Minnesota Statutes �g65, as amended) .
� THE COUNCIL OF THE CITY OF SAINT PAUL DOES ORDAIN:
Section 1. That the City of Saint Pa�.l shall issue and
, sell the Sewage Disposal System Bon.ds of the City of Saint Paul
in the par value amount of One Million One Flundred Fifty Thousand
Dollars (�1, 150, 000) authorized by Chapter 341, Minnesota Session
Laws for 1933, as amended; Chapter 445, Minnesota Statutes ig65,
as amended, for the pu�pose of the procurement of the necessary
funds in said amount for the partial payment of the portion of
the cost of the construction to be carried out during 1:g67 and
1g6s of such uncompleted part of said proposed expansion of the
Sewage Disposal System of the Minneapolis-Saint Paul Sanitary
District, due from said City of Saint Paul , and apportioned to�'
said City for payment, on su`ch account, p.ursuant to�the provi-
sions of said Chapter 341, 1Kinnesota Session Laws for i933, as
amended; Chapter 445, Min.nesota St•atutes 1g65, as amended,
the presently estimated cost of egpansion of the sewage system
. and treatment plant of the Minneapolis-Saint Paul Sanitary�-
District being in the estimated and probable amount of
�27 , 150,000, the City of Saint Paul ' s assigned and apportioned
share thereof being in the presently estimated and probable
f total amount of �11,777,6�0, said City having heretofore issued
and sold its general obligation bonds in the amount of �10,615,000
� �
Yeas Councilmen ' Nays Passed by the Council
Carlson '
_ Dalglish
- .� Holland In Favor
' Meredith Against �
w .. � Pete�,son
� Ted'esco . .
Mr. President (Byrne) Approved:
Attest: `y
.
City Clerk Mayor �
�O �
Form approved Corporation Counsel By
. �
2�;�'f��
' Page 2, i�� p
. for the purpose of providing fun.ds to pay a part of its duly
, assigned and apportioned obligation of said total amount of
, �11,'777,670. That said sewage disposal system bonds of the -
City of Saint Paul hereby authorized to be issued and sold.
,.-:���' . shall be designated "Sewage Disposal System Bonds , Series
. ` 1967E!'; and the proceeds of the issuance and sale of the same
shall be applied only to the said balance of partial payment
of said apportioned obligation of the City of Saint Paul in
the aforesaid estimated and probable amount of �11,777 ,6'70 for
the payment of : cost of construction of such part of such pro-
posed expansion of the sewage disposal plant, said expansion
to be carried forward during the years sg67 and �:968.
Section 2. That said bonds shall be authorized by reso-
lution of the Council of the said City of �Saint Paul , and shall
be in the form of serial bonds and the same shall bear such date
' , and �mature at such times as such resolution sh all prescribe ;
� provided that the first installment of said bon.ds shall mature ,
not later than three (3) years from and after the date of the ,
�.ame and the las t installment of said bonds shall mature not - ,,;,�� '
later than thirty (30) years from and after the date of the same ;
that no amount of principal of said bonds payable �in an.y,� -
calendar year shall exceed two and one-half (22) times the amount
of the smallest amount of principal maturing in an.y calendar year
ending three (3), years or more af ter the date of issue of the
�� same ; and that said bonds shall be issued and sold by said City
� of Saint Paul in the manner provided by law. That said bonds
� shall be in such denominations as the Council shall prescribe
by such resolution and shall bear interest not in excess of
five percent (5�0) per annum payable semiannually according
to interest coupons to be attached to the same ; that said bonds
shall be in the form prescribed by the Council of said City and
approved by its Corporation Counsel ; and that said bonds shall
bear such interest as said City Council shall prescribe and
' _ shall be sold by said City Council for not less tYian par value
. plus accrued interest, to the highest bidder therefor, after
ten days ' publis'hed notice 'of the time and place for receiving
bids thereon. That the proceeds from the issuance an d sale of
said bonds , � as received by said City , shall be deposited by it
in the Sinking Fun.d of said City or in a Special Fund of said
City and allocated thereto and subject to disbursement onTy
for the purposes aforesaid. That the full faith and credit o�
said City of Saint Paul hereby are irrevocably pledged for the
prompt and faithful payment of both principal and interest of
said bonds and the proceeds of the issuance and sale of said
bonds hereby are appropriated and shall be used solely for the
purposes set forth in Section �.. That said bonds of said
City of Saint Paul shall be payable in lawful money of the
- United States of America.
, . -
�; Section -3. That each of said bonds shall be sealed_ by
��` ' the facsimile of the Official Seal of said City lithographed
thereon and signed by the lithographed facsimile signature of
its Mayor, attested by the lithographed _facsimile signature
of its City Clerk and countersigned manually by�the City
Comptroller, and each interest coupon thereto attached shall
be signed by the lithographed facsimile signatures of its
said Officers .
� i
Orlginai to City Clnrk • "
.
, � ORDINANCE 2������
COUNCIL FILE NO
PRESENTED BY ORDINANCE NO ✓ D —
Page 3.
Sec�ion 4. That said City' s proper officers hereby are
authorized, directed and required to set aside annually from
the revenues of said City an amount sufficient for the payment
of the intere�st on said hereby authorized bonds and the principal
of any such bonds maturing in such year and hereby are authorized,
directed and required to make a sufficient tax levy for the pay- .
ment of the same under and pursuant to the provisions of Chapter
475, Minnesota Statutes sg65 , as amen.ded. The provisions of
this Section are in addition to the pledge of the full faith
and credit of said City for the payment of said bonds and are
not in lieu of such pledge. �
Section 5 . That the principal and interes.t coming due
prior to the receipt of the proceeds of the said tages shall
be paid promptly when due out o� the general fun.ds of said
' City of Saint Paul, and reimbursement therefor shall be made
when said taxes shall have been received. Before the said
bonds shall be delivered to the purchaser, the Council of the
City of Saint Paul shall obtain from the County Auditor and
deliver to the purchaser a certificat�e of the County Aaditor
that the issue has been entered on his re�ister and that a
tag has been levied as required by laz}�, in accordance with the
provisions of Chapter 475 , Minnesota Statutes ig65, as amended.
Such taxes shall be collected and payment thereof enforced
at the same time and with and in like manner as other tages
of the City of Saint Paul, and when collected shall be used
solely for pay9i;ng�the interest and principal of said bonds
when. and as the same shall ma ture.
Section 6. This ordinance shall take effect and be in
force thirty days after its passage , approval a.n.d publication.
"�'�, - - -
SEP 1 1���'
Yeas Councilmen Nays Passed by the Council
Carlson �
Dalglish Tn Favor
/ Holland
(_ Meredith � � Against
'�� Peterson
��' SEP 1 1���
Mr. President rne
App ed:
est: , ,
`. .
Clerk Mayor �
�O
' Form approved Corporation Counsel By
PUBLISH�ED sEP 91967
Dnpllcate to Printer '
� ^ �� ORDINANCE
COUNCIL FILE NO �~
e
�
PRESENTED BY ORDINANCE NO- � �� ��
An ordinance authorizing and providing for the
issuance and eale by the City of Saint Paul of Sewage
Disposal 5ystem Donds, Seriea ig67E, of said City of
Saint Paul, in the aggregate par value amoun.t o�
�1, 150,000, authorized by Chapter 341, Minnesota
Session La��s �or 1933, as amended; Ch�pter 445,
Minne�ota Statutes ig65, aa amended, for the pur-
pose of the procurement of funds in said amount for
application in partial payment of the duly apportioned
obligation of said City o� Saint Paul for the payment
o� the cost o� that portion of t�e egpansion of t�ie
eewage system and treatment plant of Minneapolis-
Saint Paul Sanitary District propoeed to be constructed
in the years ig67 and 1968, an.d to constitute part o�
the expansion thereof proposed to be constructed in its
entirety during the years 1963, 1g64, 1g65, 1g66, 196'7
and �.g68, such sewage system and treatment plant having
been and to continue to be eatabli�hed an.d maintained
�or the collection, treatment and diepoaal of sewage
and �,�t�ste matori�,ls, used by said City o� Saint Paul
�ointly with the City o� Minneapolis, and comprising
and to Qontinue to comprise a part o� the eomple te plan
� o� sewage and waste material colleetion� treatment�
and disposal system o� said Minneapolia-Saint Paul
Sanitary District, as authorized by said C�apter 341,
���.�n.esuta �ession L�,ws for 1933, as amended (Chapter
4�5, Mi�n.esota Statutes �.g65, as amended) .
TI� COUATCIL OF THE CITY OF SAINT PAUL DOES ORDAIN':
Section 1. Th�t the City of Saint Paul shall issue and
sell the Sewage Disposal System Bonds of the City o� S�.int Paul
in the par value amount of One Million One IIundred Fifty Thousand
Dollars (�1, 150,000) authorized by Chapter 341, Min.nesota Session
Laws �or i933, as amended; Chapter 445, DSinnesota Statutes 1965,
as amended, �or the pt��r.pose o� the procuremont o� tho neceasary
funds in said amount for the partial payment o� the portion of
the cost o� the constructio� to be carried out during ig67 and ,
�.968 of such unaompleted part oY said proposed expansion of the
Sewaga Disposal System of the Minneapolis-Saint Paul Sanitary
District, due �rom said City o� Saint Paul, and apportioned to
said City �or payment, on sueh account� �rursuant £oi-the provi-
aions o� said Chapter 341, riinnesota Session Laws for �.933, ae
amended; Char,ter 445, Minnesota Statutes 1965, as amended,
the presently estimated cost o� egpansion of the sewage system
and traatment plant of the Minneapolis-Saint Paul a��Qita�y�:
District being in the estimated and probable amoun.t of
�27 , 150,000, the City of Saint Pau]. ' s assigned and apportioned
share thereo� being in the presontly estimated and probable
total amount of �11,77�,6�0, said City having hereto�ore isaued
and aold ita general obligation bonds in the a.mount o� �10,615,000
Yeas Councilmen Nays Passed by the Council
Ca,rlson
Dalglish Tn Favor
Holland
Meredith
Peterson Against
Tedesco
Mr. President (Byrne) Approved:
Attest:
City Clerk Mayor
��
Form approved Corporation Counael By
��`���C�
'>� Page 2. ¢�
. - _ f�-loJ
for the purpose of providiizg funcls to pay a part of its cluly
assignecl and apportionecl obli�ation of said total amount of
�11,777, 670. That said sezvage clisposal system l�onds of the
Ci:ty o� Saint Paul hereby authorized to be issued and sold
shall be designat�d "Sewage Disposal System Bonds , Series� �
1g67���; aizd i;he proceeds of the iss�.iance and sale of the same
shall be applied only to the said balance of partial paynient
of said apportionecl obligation of the City of Saint Paul in
the aforesaid estimated and probable amount of �11,?77, 670 for
the payment o� cost of construction or such part of such pro-
posed expansioil of the seivage disposal plant , said expansion '
to be carried forward during the years sg67 and 1968.
Section 2 . That said bonds shall be authorized by reso-
lution of the Council of the said City of Saint Paul , and shall
be in the form of serial bonds and the same shall bear such date '
, and mature at such times as such resolution sh all prescribe ,
provided that the first installment of said bonds shall mature
not later than three (3) years from and after the date of the
�a�iie and the last installr,:ent of saicl bonds shall mature not
later thari thirty (30) years from and after the date of the same ;
that no amount of principal of said bonds payable in any �
calendar year shall exceed two and one-half (22) times the amount
of the smallest amount of p'rincipal maturing in any calendar year
ending th ree (3) years or more aSter the date of issue of the
same ; and that said bonds shall be issued and sold by said City
of Saint Paul in the manner provided by law. That said bonds
shall be in such denominations as the Council shall prescribe
by such resolution and .shall bear interest not in excess of �
five percent (5�/0) per annum payable semiannually accordin.g
to interest coupons to be attached to the same ; that said bonds
shall be in the forrn prescribed by the Council of said City and
approved by its Corporation Counsel ; and that said bonds shall
bear such interest as said City Council shall prescribe and
" shall be sold by said City Council for not less than par value
plus accrued in�;erest, to the highest bidder therefor, after
ten days ' published notice of the time and place for receiving
bids thereon. That the proceeds from the issuance ancl sale of
said bonds , as received by said City , shall be deposited by it
in the Sinking Fund of said City or in a Special Fund of said .
City and allocated thereto and subject to disbursement only
for the purposes aforesaid . That i;he full faith and credit of
said City of Saint Paul hereby are irrevocably pledged for the
• prompt and faithful payment of both principal and interest of
said bonds and the proceeds of the issuance and sale of said
bonds hereby are appropriated and shall be used solely for the
purposes set forth in Section 1 . That said bonds of said
City of Saint Paul shall be payable in lawful money of the
United S�;ates of America. '
Section 3. That each of said bonds shall be sealed by
the facsimile of the Of�icial Seal of said City lithograplied
thereon and signed by the lithographecl facsimile sign.ai;ure of
i�;s Mayor, attested by the 3ithographed facsimil:e S1bI11tllx'P
of its Ci�;y Clerl� and couni;ersigned manually by' the City
Comptroller, and �each interest coupon � therei;o attachecl shall
be sigiled by the lithographed facsim�ile signatures of its .
said Officers . " - , .
Dupllcate to Prtnter "
�
' � � � ORDINANCE
COUNCIL FILE NO t ��� �
PRESENTED BY ORDINANCE NO � l!
PB�;e 'j.
See�ion 4. That said City� s proper o�f3.oers hereby are
authorized, direated and required to set agide annually �rom
�'` the revenues o� said City an amount au��iQient for the payment
-�. of the int��tes� on said hereby authorized bonds and the prinQipal
of any such bonds maturing in suQh year and hereby �re authorizeda
direoted �nd require d to make a su��icient tag Ievy for the pay—
ment o� the s�.me under and pursuant to the provisiona o� Chapter
475, Minnesota Statutea �.965, as amended. The provisions of
this Seetion are in addition to the pledge of the full faith
and credit o� said City for the p�yment af said bonda and are
not in lieu of such pledge.
Secstion 5, That the prinQipal and intere6t ooming due
prior to the reeeipt of the proceede of the said tagee shall
be paid promptly when due out o� the general fun.ds of eaid
City of Saint Paul, t�,nd reimbursement there�or shall be made
4�. when said ta.ges shall have been reQeived.. ;Be�ore th,e said
� -w bonds shall be delitiered to the purchaser, ths� CounQil o� the
, City of Saint Paul ahall obtain �rom the Count�y Auditor and
deliver to the purcha�er a certifioate o� the County A�ditor
that the is�ue hae been entered on his re�iater and that a
tax has been levied as required by lay�, in aocorda.nce with the
� provisions of Chapter 47y, M3nnesota Statutes 1965, a� amended.
Such taxes shall be colleoted and payment thereof en�oraed
at the same time and with and in l�.ke manner�tas othor ta:�es
of the City o� Saint Paul, and when collected ahall be utted
solely �or pay�n��!�the intereat and prinaipal of said bonde
when and se the eame ahall ma ture.
Section 6. Thia ordinan.ve ehall take e�feot and be in
Yoroe thirty days a�ter its passage, approval and publiQation.
�Ep 1 1967
Yeas Councilmen Nays Passed by the C ncil
Carlson �
Dalglish Tn Favor
Holland
Meredith l� Against
Peterson
�G��-- SEP 1 1g6Y
Mr. President (Byrne) Approved:
Attest:
City Clerk Mayor
�O
Form appro�ed Corporation Counsel By
� �
' . � - r� i �
I st 2nd
Laid over to
3rd and epp.��,�—Adopted �
Yeas Neys Yeas Nays
@arlset� �arlson
\ �
Dalglish Dalglish
�' -��.,., �3�`��
olland Holland
� �vleredith ` Meredith
�Peterson � \ Peterson
\Tedesco tT,�vesc�—
\
Mr. President Byrne � Mr. President Byrne
�O