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235212 a � G Y t . Odalnal to City Cler& t s , , . : ORDINANCE �. a COUNCIL FILE NO. �S�"'�''`� PRESENTED BY �� / �� ORDINANCE NO An Ordin.ance authorizing the issuance of- bonds . by the Port Authority of the City of Saint Paul � in the princip�,l amount of �4� 500�000 over and ' above the amounts issued under Ordinances No. 11�13� No. 121�66, No. 12287� and No. 13223� for � the purpose of securing �funds as needecl for the ,payment of the cost necessarily incurred and to be incurred by said Port Authority for the acquisition of property and other purposes in � furtherance of its program of port� harbor� industrial and recreational develop ment, in � anticipation of the receipt by said Port Author- • i�y of payments� appropriations� rents and ` profits and of income from other sources ; , � prescribing �he form and details of such bonds; and authorizing said Port Authority to pledge _ _ the full faith� credit -and resources of the City - - - of .�aint Paul for the security of said bonds. WHEREAS� the Port Authority of the City of Saint Paul by its resolution No. 414, dated �September 19� 1967, has � requested the Council of the City of Saint Paul by ordinance -� • � to authorize the issuance of bonds by said Port Authority in the aggregate principal amount of $4, 500,000, for the purpose ,� set forth in said resolution, a certified copy of which has been presented to the Council and is now on file in the office of the City Clerk� all pursuant to the provisions of �Section 458.193, Minnesota Statutes 1961; and � . ; WfiEREAS, the Council of the City of 5aint Paul, being r duly advised in the premises, finds and determines that it is necessary �or the Port Authority to issue and sell said bonds in the near future for the purpose of securing funds as needed by it to pay the cost of property acquired and for other pur- ` poses in furtherance of the program of port and industrial Yeas Councilmen Nays Passed by the Council � Carlson Dalglish " Holland Tn Favor � Meredith � Peterson A gainst Tedesco Q- � Mr. President (Byrne) Approved: Attest: r,� City Clerk May r � �� Form approved Corporation Counsel BySr�'��i��C fiCJ/ . � , - . - ' • � . , , ' �� development referred to in said resolution, and authorized . by P�Iinnesota Statutes 1961 , Chapter 458 , as amended , in anti.- cipation of the receipt by the Port Authority of payments , appropriations , rents and profits and of income from other sources , and it is necessary and proper for the Council, pursuant to said law, to authorize the issuance and sale of said bonds and the pledge of the full faith, credit and resources of the City of Saint Paul for the security thereof, and to prescribe and �consent to the form and terms of said . bonds when and as issued by the Port Authority under �the � �uthorization granted by this ordinance, . - - NOW THEREFORE, THE COUNCIL OF THE CITY OF SAINT 'PAUL DOES ORDAIN: . Section 1. That pursuant to and in accordance with the provisions , terms and conditions of tY�is ordinan�ce and of � Minnesota Statutes 1g61, Chapter 458 , as�yamended, authority is hereby granted to the Port Authority of the City of Saint Paul to issue and sell its bonds as authorized by Section 458.193 , Subdivision 1 of said Chapter 458, in addition to its General Improvement Bonds , Series A to F, inclusive , heretofore issued and sold under authority of Or.dinances No. 11913, No. 12�66 , No. 12287 and No. 13223; and that said bonds are authorized to be issued and sold in the aggregate principal amount of $4 ,500 ,000, for the purpose of securing funds as needed by the Port Authority, in said aggregate amount, in anticipation of the �receipt by the Port Authority of payments , appropriations , r - . -2- . � � � ; . . . � . . ' � . . . ;; . • a • • , S " • 1 • rents and profits and of income from other sources , to . defray the cost and expense necessarily incurred and to be incurred in the near future for its program of port , harbor, industrial and recreational development , generally described as follows : ' ;(1) The acquisition of waterfront , riparian .and other lands and the construction of docks , wharves , piers , dikes and other related port facilities , both in con,junction with the Federal government and separately; ~ (2) The acquisition, development and redevelopment of lands for the purpose of establishing a system � • of harbor and r�,ver improvements and industrial � developments within the port district , and within the industrial development district heretofore created therein for that purposeo _. � . --- ( 3) The provision of recreational lands and �'' facilities along the river; and N (4) Incidental to the foregoing, and in addition � ;� to the dike heretofore constructed in con,junction � with the Federal government : dredging and fillin�, grading and reclaiming marginal land for port and industrial purposes ; the development of port and � industrial areas; and the construction of storm � and sanitary sewage disposal facilities , water distribution systems for drinking and other pur- • poses , streets, trackage, surfacing and other land improvements , and •other utility installations = in those areas . Section 2 . That the bonds of each ser.ies issued and . , sold pursuant to this ordinance .shall bear date not later than the first day of the month in which such bonds are delivered to the purchaser thereof; that the first installment of each �e��es shall nia�u��e not iater tihan tinree years from date and � the last not later� than thirty years from date; that no amount ' of principal of any series payable in any calendar year shall . exceed five times the smallest amount of principal maturin� in � -3- � .; � • � • � . , . . � � � ; - _ • �, . � '; . + . . • f ' i L�:.� .�.. • . • ,. - - - any calendar year ending three _years -or more after the date of issue of the series ; that the bonds of each series shall be issued and sold by the Port Authority in the manner � provided by law, shall be numbered serially, shall be each in the d'enomination of a multiple of $1,000 , and shall bear interest not in excess of 6� per annum payable _ semiannually, according to interest coupons to be attached to the same; that the bonds of each series shall be substantially in the form hereinafter prescribed by the Council and approved by . the Corporation Counsel of the City; that sai�ei bonds shall bear such interest as the .-- � City Council shall approve, and shall be sold in one or more : series by the Port Authority for not less than their par value 1 ; plus accrued interest , to the highest bidder therefor, after ' . two �veeks ' published notice of the time and place for receiving � . � _ . b3ds thereon; that the proceeds from the issuance and sale of �� ' said tionds, as received by the Port .Authority, shall be deposited : by it in a fund of the Port Authority allocated thereto and ' � � sub,ject to disbursement only in defrayment of the costs and ' expenses necessarily incurred and to .be incurred by the Port ' � Authority for the program ,of port and industrial development ' ' hereinabove described ; that all of t.he bonds shall be payable 3 { . in lawful money of the United States of America at the office , . � of a fiscal agent or agents designated by the Port Authority , , and as security for the prompt and faithful payment of both a • . principal and interest on said bonds the Port Authority is + hereby authorized to pledge the full faith, credit and re- sources of the City of Saint Paul; that the bonds of each series 'issued hereunder shall be entitled "�Port Authority of , ' -�t- , � �z--- r � ; - . ; � -. . . � . • . � , - � �. . ��5��,`:) _ . ' , . � � o,� �the City of Saint Paul General Improvement Bonds , Series G", � � � 'shall be issued in series consecutively designated, beginning with Series G, and the bonds of each series shall be numbered consecutively beginning with No. 1; that each of said bonds shall be signed by the President of Port. Authority., attested by its Secr.etary and countersigned by its Treasurer; provided that all but one of said signatures may .be printed, lithographed ' stamped or engraved on the bonds , and interest coupons shall be attached thereto, and shall 'be executed and authenticated by � the printed', engravec� or lithographed facsimile signatures of . said President and Secretary; that each of the bonds shall be � , , ,� sealed with the corporate seal of the Port Authority , or a printed, lithographed or engraved facsimile thereof; that if approved by resolution of the City Council, any of said bonds may be made sub�ect to redemption and prepayment at the option of the Port Authority at such time and price or prices and upon. such notice as shall be provided in .said resolution; and � that each of �he bonds � shall be in substantially��he follocaing form, with -suitable variations as to serial designation and number, denomination, place or places of payment , redemption provisions ,' interest rates and nominal� date of issue : -5- � . � � ; . � , • . .� . . . . �.�. � - . . � , � • . � . � UNITED STATEfi OF AMERICA � STATE OP MINNESOTA � COUNTY OF RAMSEY . PORT AUTHORITY OF THE CITY OF SAINT PAUL GENERAL IMPRbVEP�IENT BOND SERIES G • ' No. ' $1 ,000 KNOW ALL MEN BY THESE PRESENTS, that the Port Authority of the City of Saint Paul, in the County of Ramsey and State of Minnesota, acknowledges itself to owe and for value received here- by promises to pay to bearer the sum of ' ONE THOUSAND DOLLARS on the first day of , 19 , together with inter- est thereon at the rate of ,per cent ( �) per annum from the date hereof until paid., payable � � - , 19`, and semiannually thereafter ' on the first days of ` - ' ' . and in each year, interest to maturity being evidenced by and pay- ab�le in accordance with and upon presentation a'nd surrender of the annexed interest coupons as they serially become due . Both principal and interest. of this bond are payable in lawful money of the United States of America at the office of • .in . , and for the prompt payment of this bond, both principal and interest , when due, the full faith, credit and resources of the � City of Saint Paul are hereby irrevocably pledged. I • • This bond �.s- one of a series amounting i►� thE aggregaice ' • to the sum of $ ' issued by said .Port Authority for the purpose of securing funds as needed �by the Port Authority to pay the cost and expense necessarily incurred ' � and to be incurred for. the program of port and industrial development� described in Ordinance-No:- "" " of"tYi,e� City of Saint , �Paul, all •pursuant to the provisions an�by authority of Minnesota Statutes 1961, Chapter• 458, and in anticipation..of the receipt by said Port Authority of payments , appropriations , rents and profits and income from other sources thereunder, and in accordance with the provisions, terms and conditions of Chapter 458, Minnesota Statutes 1961, as amended. This bond is issued pursuant to said ordinance, as enacted by the Council of the City of Saint Paul and duly signed, attested and authorized in accordance with said Chapter 458 , and pursuant t�o- Resolution of said Council No. , �assed and approJeu ,� 19 , anci u�lder� authori�y and in all respects in full compliance with the Charter of said City � �- . • -6- � , , . ` . ;F - i . . , r ; � , t , • + , • i �� . " 2�� of Saint Paul, pursuant to resolution of said Port Authority No. , passed and approved , 19 , and in all respects in full compliance with all applicable ,provisions • of law, including Chapter: 4?5', Minnesota Statutes 1961, as amended. • 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 been done and performed in regular and due form and time as required by law; that prior to the � issuance of this bond said. Port Authority has levied for each year, until the principal and interest are paid in full, a direct annual tax on all the taxable property in the City of Saint Paul in an amount not less than five per cent in excess of the sum required to pay the principal and interest hereof when and as such prir�cipal and interest mature, which tax is irrepealable until all such indebtedness is paid, and may be � reduced only in the manner and to the extent provided in said � Chapter 458 ; that additional taxes , if r.ecessary for .full pay- ment of such principal and interest , are required by law to be levied upon all such property without limitation as to rate or , amount ; and tha� neither the total indebtedness of the City of Saint Paul nor that of.-said Port_,Authority-, includin� this bond, exceeds any constitutional, statutory or charter limita- ,tion. �� ,,�yr . . IN WITNESS tidHEREOF, said Port Authority of the City of Saint Paul, by ii:s proper• officers , -.has caused this bond -to be sealed by a lithographed facsimile of -its Official Seal, to be signed and oountersigned by the lithographed facsimile ' signatures of its President and its Treasurer, attested by the ' ' manual signature of its Secretary , and each of the interest coupons hereto annexed• to be executed and authenticated by the lighographed��facsimile signatures of its President and Secre- tary , and has caused a true and correct copy of the opinion rendered by bond counsel as to the validity of the issue in- cluding this'sbond, rendered at the time of deliver,y hereof, to be printed on the reverse side of this bond;• and has caused . � this bond to be dated as of the first day of 19 . � President Countersigned: _ �Treasurer 1 Attest : . } • __,,._ .._ ecretary. � '��'' � -7'=, , f • " � �:• +r,M � . � [ • that the coupons appurtenant to said bonds shall be in substan- ' tially the following form: No. $ On the first day of . , 19 , the Port Authority of the City of Saint Paul , Ramsey County, Minnesota, promises to pay to bearer the� sum shown hereon in lawful money of the United States at the office of , in , � or interest due that day on its General Improvement Bon , Series , dat ed . � 19_, No. . . (Facsimile Signature) (Facsimile Signature) Attes� : Secretary President and that there shall be printed on the reverse side of each bond a true and correct copy of the text of the opinion rendered by bond counsel as to the validity thereof, at the time of delivery of such bond, togethe'r with -the follotaing certificate to be � , executed by a lithographed facsimile of the signature of the Secretary : • I certify that the above is a. full, true and correct copy of the legal opinion rendered by bond counsel on the 3.ssue of bonds of the Port Authority of the City of Saint Paul wh3.ch includes the within bond, dated as of the date of delivery of and payment for the bonds . • (Facsimile Signatur.e) Secretary ' • Section 3. That such bonds , both in respect of the principal amount of the same and in respect of the interest thereon, shall be paid by said Port Authority from tax levies � provided for and authorized by said Chapter 458 , Minnesota . ; Statutes 1961 , and from the earnings and all ir�come received by � said Port Author3.ty from whatever source derived, to the extent ; that such earnings and income are de�ermined by the Port Autho- - - rity to be available fcr such purpose and are not pledged for the paym�nt of revenue bonds issued vnder Minnesota Statutes 1961 , � . , Section 458 . 194 , as� amended; that said Port Authority shall, . � . -8- ' : . i , � S . t . , • ' ' , '� . ' ' � , , . � . .. . i �._ � � _ � � � � , . ' before the issuance of any series of bonds authorized hereunder, levy for each year, until the principal and interest are paid in . full, a direct annual tax on all the taxable property in the City of Saint Paul, in an amount not less than 5� in excess of the sum required to pay the principal and interest of the same when and as such principal and interest mature, and after such bonds have been delivered to the purchasers , such tax shall be irrepealable until all such indebtedness is paid, and after the issuance of such bonc�s no further action by said Port Authority ' shall be necessary to authorize the extension, assessment and collection of such tax; that the Secretary of said Port Authority ; shall forthwith furnish a certified copy of such levy to .the County Auditor of Ramsey County, Minnesota, the county in which said Port Authority and said City are located, together with � full information regarding the bonds of said P!�rt Authority for which the tax is levied, and such County Auditor shall exten�t✓ and assess the tax so levied, and shall do so annually until the principal and interest have been paid in full ; provided that � said Port Authority may, �n or before O�tober 15 in any year, by appropriate action cause its Secr.etary to cei�tify to the said County Auditor the amount on hand and available in its own treasury from earnings or other income , including the amount in the sinking fund , which it will use to pay the principal or - :interest or botli o�� each spe�ified issu° of its Uonds and �he County Auditor shall reduce the levy for that year herein provided for by that amount; that the amount of funds so acquired " . -9- - � . �,�.. . _ , , Y , { t ' � . , � . � . + � . . . 1� � • 1 . � r . , .�.- Otialnal to City Clerk • . . , � ORDINANCE ��,� COUNCIL FILE NO. PRESENTED BY ORDINANCE NO shall be set aside by said Port Authority and be used for no other purpose than for the repayment of the principal and interest on such bonds; and that all such taxes, bein.g authorized to be levied under �ection 458.193, Nlinnesota Statutes 1961� as amended� shall be collected and remitted to the Port Authority by the County Treasurer in accordance with the provisions of law governing the collection of other taxes and shall be used solely for the paym.ent of the principal and interest on such � I� bonds. �Section 4. That said Port Authority shall provide for , the exercise of the authority hereby granted for its issuance " and sale of' its said bonds� and the pledge of the full faith� credit and resources of said City of saint Paul as security for the payment of the same� by its appropriate resolutions ; and ' tha� in each such in.stance said Port Authority shall make due � compliance with all applicable requirements of this ordinance� said Chapters 458 and 47 5� Minnesota Statutes 1961� as amended� and all other applicable laws. � �ection 5. That this ordin.ance shall take effect and be in force thirty days after its passage, approval and� publ,i- cation. , . � ��' 17 1967 Yeas Councilmen Nays Passed by the Council ' JCarlson� � / Dalglish � � �/ Holland Tn Favor �J �Meredith � Against Peterson /� Tedesco v �CT 1 l 1967 � Mr. President (B e) A ed: Atte t: ' • � -._r t �.�,..— � Ci Clerk ` Mayor �� F�rm approved Corporation Counsel By �. 1967 , Pus�is o �CT 2 ;� : � Dapllcate to Printer . � ORDINANCE ��,�� - ,.k.� COUNCIL FILE NO PRESENTED BY r ORDINANCE NO. An Ordin�nc� author�zing th� i�suance oP bonds by trie Port Au�hor��y of th� Gity of �a9.�t Paul in the pr3.ncip�l amount of �4�500�000 ov�r �nd " �bov� th� amount� i��ued under Ordin�nces No. . �a.9i3, xo. 1216b� No. 1228�� d No. 13223a for the pv.rpose of �eauring fund� a� n��d�d fbr th� �"p�ym�nt oF �h� eo�� n�e�ssa�riZ�r 3:zic�rr�d and to 'be incurr�d by s�id Port Author3ty fvr the acquiait3on of prop�rty and oth�r purposes in - f'urthe�anc� o� its pro�ram oP port, h�rbor, . . � • 3�dus�sial and ,r�er��tion�l development �.n �� , ' � ' .'"�ri�ie3pation of th� r�ce�.p� by said Por� Author- ' ." ,.` �"i�3r of�'p�yme��s � appropr3.ations� rent� �nd � -• � profit� �nd o�' �n�o�e �'rom oth�r source�; . � � �re�arifi�ing. ��, fbrm a�d det�.�l� of� �uch borida; and 'su�hori�i�g �aid �ort Authority� to` pl�dge� � ' ' the �'ull �f�3�h� �aredit �ncl r��otl.TQes of' th�' �i�y; ; . � , . ' o� Sa3,nt Paul� �or the seeur3��r oP� �a�d bonds�. • � � , � . . � ; , , • .�. . � . , � t � � , , , . . '. .` WHEREAS'`the Port Au�hor3�y of the �ity of Saint Pau1.� by its� re�olution No. 414� d�.�Ced �ept�mber 19� 196.7, h�.s , requ��ted the Counail of, the ��y� of, S�int:Pav,l by ordin��ce , ,to �.uthor3z� ,�he �i�st�snae of bo�d�, by s�id Part� Authority �xi , the �ggregate pr�neip�l ��unt of �4,�500,�400� for th� purpos� •set .forth 3n .�a�.d r��olut�ons a� ��i�t3fi�d, copy o�' which ha�� b�en p�ese�t�ad to the �ounc3.l ari� i� noW ori file 3n the offic� , o� the City �1erk.� all pursuant to the prov3�ior� of Section. 458.�93, M�z�nesot� �t�tut�s �96�; �.nd , WSER�AS�. th� Council of the City of Sa�nt Pau1� bei�ng , duly .adv�sed in the pr�mise�� find� and: d�ternin�� th�t it is n�cessary for the Por� Authority to iss�.e and seZl said bonds 3n the n��r f'utur� for the ptt�pos• of seauring �und� �s need�d by it �o pay the aos� af prop�rty eac�tiired and t'or oth�r pui�- po�es in furtherana� of th� prograffi oF port and ind.u�trial Yeas Councilmen Nays Passed by the Council ' Carlson Dalglish In Favor Holland Meredith A gainst Peterson Tedesco Mr. President (Byrne) Approved: _ Attest: City Clerk Mayor �� Form approved Corporation Counael By / . � . ; . f . • � � . � � � �. ��5�� development referred to in said resolution, and authorized by Minnesota Statutes 1961 , Chapter 45�8 , as amended, in anti- cipation of the receipt by the Port Authority of payments , • appropriations , rents and profits and of income . from other sources , and it is necessary and proper for the Council, pursuant to said law, to authorize the issuance and sale of � said bonds and the pledge of the full faith, credit and ' resources of the City of Saint Paul for the security thereof, and to pr,escribe and �consent to the form and terms of said bonds when and as issued by the Port Authority under the authorization granted by this ordinance, NOW THEREFORE, THE COUNCIL OF. THE CITY OF SAINT PAUL DOES ORDAIN: Section 1. That pursuant to and in accordance with the provisions , terms and conditions of this ordinan�ce and of � Minnesota Statutes 1961, Chapter 458 , as amended, authority is hereby granted to the Port Authority of the City of Saint Paul to is'sue and sell its bonds as authorized .by Section 458 .193 , Subdivision 1 of said Chapter 458, in addition to its General Improvement Bonds , Series A to F, inclusive , he''retofore issued and sold under authority of Or.dinances No. 11913, No. 7-2�66 , No. 12287 and No. 132�23; and that said bonds are authorized to be issued and sold in the aggregate principal amount of $4 ,500 ,000, for the purpose of securing funds as needed by the Port Authority, in said aggregate amount, in anticipation of the receipt by the Port Authority of payments , appropriations , . -2- -----� -- - ------ -- - -- . �.._ .. .; � .. s . . � . � ,; :� . - ' ' . • _ '; . � . � � ' � �� .� . • � . � . � - � . � . . � � /� � rents and profits and of income from other sources , to . defray the cost and expense necessarily incurred and to be incurred in the near future for its program of port , harbor, industrial and recreational development , generally described as follows : (1) The acquisiti�on of waterfront , riparian and other lands and the construction of docks , wharves , piers , dikes and other related port facilities , both in con�unction with the Federal government and separately; . (2) The acquisition, development and redevelopment of lands for the purpose of establishing a system of harbor and r�,ver improvements and industrial developments within the port district , and within the industrial development district heretofore . , created therein for that purposeo _ �__ ( 3) The provision of recreational lands and facilities along the river; and (4) Incidental to the foregoing, and in addition to the dike heretofore constructed in con,junetion + with the Federal government : dredging and filling, grading and reclaiming marginal land for port and industrial purposes ; the development of port and industrial areas; and the construction of storm • and •sanitary sewage disposal facilities , water distribution systems for drinking and other pur- poses , streets, trackage, surfacing and other - land improvements, and other utility installations � in those areas . • . • Section 2. That the bonds of each ser.ies issued and _ sold pursuant to this ordinance . shall bear date not later than the first day of the month in which such bonds are delivered ' to the purchaser thereof; that the first installment of each series shall mature not later than three years from date and the last not later� than thirty years from date; that no amount ' of principal of any series payable in any calendar year shall exceed five times the smallest amount of principal maturing in _3_ . , ; � ., . , j . t . . '! • li • � i • . Y • � _ 1 L�.�.�: - any calendar year ending three _years .or more after tYie date of issue of the series ; that the bonds of each series shall be issued and sold by the Port Authority in the manner provided by law, shall be numbered. serially , shall be each in the denomination of a multiple of $1,000 , and shall bear interest not in excess of 6� per annum payable _ semiannually, according � to interest coupons to be attached to the .same; that the bonds of each series shall be substantially ..in the for.m hereinafter • prescribed by the Council and approved by the Corporation Counsel of the City;. that sai�3. bonds shall bear. such interest as the City Council shall approve, and shall be sold in one or more series by the Port Authority for not less than their par value plus accrued interest, to the highest bidder therefor, after two weeks ' published notice of the time and place for receiving � � _ b�.ds thereon; that the proceeds from the issuance and sale of said bonds, as received by the Port .Authority, shall be deposited by it in a fund of the Port Authority allocated thereto and ' . sub�ect to disbursement only in defrayment of the costs and �I , expenses necessarily incurred and to _be incurred by the Port { ! � Authority for the program of port and industrial development hereinabove described; that all of t.he bonds shall be payable in lawful money of the United States of America at the office of a fiscal agent or agents designated by the Port Authority, and as security for the prompt and faithful payment of both - principal and interest on said� bonds the Port Authority is , hereby authorized t.o pledge the full fai�h, credit and re- - sources of the City of Saint Paul; that the bonds of each series issued hereunder shall be entitled "Port Authority of . • ��_ ' _ , . .�..._.. . _ , „ . � R . � � l� . + ' � • . � � . � ' ' i the City of Saint Paul General Improvement Bonds , Series G" , shall be issued in series consecutively designated, beginning with Series G, and the bonds of each series shall be numbered consecutively beginning with No. 1; that each of said bonds shall be signed by the President of Port Authority , attested by its Secretary and countersigned by its Treasurer; provided that all but one of said signatures may .be printed, lithographed stamped or engraved on the bonds , .and interest coupons shall be attached thereto, and shall be executed and authenticated by the printed, engrave� or litho�raphed facsimile signatures of said President and Secretary ; that each of the bonds shall be sealed with the corporate seal of the Port Authority, or a printed, lithographed or engraved facsimile thereof; that if approved by resolution of the City Council, any of said bonds may be made sub�ect to redemption and prepayment at the option of the Port Authority at such time and price or prices and upon such notice as �shall be provided in .said resolution; and . • that each of the bonds shall be in substantially the following form, with .suitable variations as to serial designation and number, denomination, place or places of payment ,. redemption provisions, interest rates and nominal date of issue : . -5- , . � . . , � ,� - • , , . ; . . ,f . . . � ' a • ' �� ' � � . . � . � �� UNITED STATEfi OF AMERICA �� STATE OF MINNESOTA COUNTY OF RAMSEY , PORT AUTHORITY OF THE CITY OF SAINT PAUL GENERAL IMPROVEMENT BOND . SERIES G No. ' $1,000 KNOW ALL MEN BY THESE PRESENTS, that the Port Authority of the City of Saint Paul, in the County of Ramsey and State of Minnesota, acknowledges itself to owe and for value received here- by promises to pay to bearer the sum of . ONE THOUSAND DOLLARS on the first day �of � _ �-, 19 , together with inter- est thereon at the rate of per cent ( �) per annum from the date hereof until paid, payable , .19_, and semiannually thereaf�er on the first days of - = and in each year, interest to maturity being evidenced by and pay- able in accordance with and upon presentation and surrender of the annexed interest coupons as they serially become due. Both principal and interest. of this bond are payable in lawful money of the United States of America at the office of in . , , and for the prompt payment of this bond, both principal and interest , when due, the full faith, credit and resources of the City of Saint Paul are hereby irrevocab ly pledged. � • • This bond is one of a series amounting in the aggregate to the sum of $ ' issued by said Port Authority for the purpose of securing funds as needed by the � Port Authority to pay the cost and expense necessarily incurred ' and to be incurred for. the program of port and industrial development described in Ordinance No. of the City of Saint • Paul, all pursuant to the provisions and by authority of Minnesota Statutes 1961, Chapter- �{58, and in anticipation..of the receipt by said Port Authority of payments , appropriations , rents and profits and income from other sources thereunder, and in accordance with the provisions, terms and conditions of Chapter 458, Minnesota Statutes 1961, as amended. This bond is issued pursuant to said ` ordinance , as enacted by the Council of the City of Saint Paul and duly signed, attested and authorized in accordance with said Chapter �58 , and pursuant t�o Resolution of said Council No. , � ' passed and approved ,� 19 , and under authority and in all respects in full compliance with the Charter of said City � - -6- ; ' . �� " � 'f r , , , . . �' . ' � • � . , , a � S . � • � - ` � - , _. .. _ . f _ ��_ �� . . . - 23��2'�d� . of Saint Paul, pursuant to resolution of said Port Authority No. , passed and approved. , 1� , and in all respects in full compliance with all applicable provisions of law , including Chapter 475, Minnesota Statutes 1961, as amended. • 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 been done and performed in regular and due form and time as required by law; that prior to the issuance of this bond said Port Authority has levied for each year, until the principal and interest are paid in full, a . direct annual tax on all the taxable property in the City of Saint Paul in an amount not less than five per cent in excess of the sum required to pay the principal and interest hereof when and as such prir�cipal and interest mature , which tax is irrepealable until all such indebtedness is paid, and may be reduced only in the manner and to the extent provided in said Chapter 458 ; that additional taxes , if necessary for full pay- ment of such principal and interest, are required by law to be � levied upon all such property without limitation as to rate or amount ; and that neither the total indebtedness of the City of Saint Paul nor that of said Port Authority, including this bond, exceeds any constitutional, statutory or charter limita- ' tion. -� • IN WITNESS WHEREOF, said Port Authority of the City of Saint Paul , by its proper. officers , .has caused this bond to be sealed by a lithographed facsimile .of .its Official Seal, to be signed and countersigned by the lithographed facsimile ' signatures of its President and its Treasurer, attested by the manual signature of its Secretary , and each of the interest � coupons hereto annexed to be executed and authenticated by the lighographed facsimile signatures of its President and Secre- tary , and has caused a true and correct copy of the opinion rendered by bond counsel as to the validity of the issue in- cluding this bond, rendered at the time of delivery hereof, to be printed on the reverse side of this bond;• and has caused this bond to be dated as of the first day of 19 . President Coun.tersigned : Treasurer . f Attest : • � ecretary. . -7- .� _ - \ , Y . 1: A _ , � . ` � • ' • . . 1. • •�i . ' • p , - � • � !! � � � r — 7 ` � � that the coupons appurtenant to said bonds shall be in substan- tially the following form: No. � $ On the first day of _ , 19_, the Port Authority of the City of Saint Paul, Ramsey County, Minnesota, promises to pay to bearer th�e sum shown hereon in J.awful money of the United States at the office of , in , � or interest due that day on its General Improvement Bond, Series , dat ed • 19_, No. . . (Facsimile Signature) (Facsimile Signature) Attest : Secretary President and that there shall be printed on the reverse side of each bond a true and correct copy of the text of the opinion rendered by bond counsel as to the validity thereof, at the time of delivery of such bond , to�ether with the following certificate to be executed by a lithographed facsimile of the signature of the Secretary : I certify that the above is a full, true and correct copy of the legal opinion rendered by bond counsel on the issue of bonds of the Port Authority of the City of Saint Paul which includes the within bond, dated as of the date of delivery of and payment for the bonds . . (Facsimile Signature) Secretary Section 3. That such bonds , both in respect of the � principal amount of the same and in respect of the interest � thereon, shall be paid by said Port Authority from tax levies provided for and authorized by said Chapter 458, Minnesota . Statutes 1961 , and from the earnings and all ir�come received by said Port Authority from whatever source derived, to the extent ' that such earnings and income are determined by the Port Autho- rity to be available for such purpose and are not pledged for the payment of revenue bonds issued under Minnesota Statutes 1961 , Section y58 .194 , as amended; that said Port Authority shall, � . .. . . -8- , � � . . � .� ♦ { . . e . � 'r � . :� . • . � ' � ; ' � . � • � . . , .� . • .�r _ . • � + 1 ! r e. � �(, • � L',...�� 4 1 , before the issuance of any series of bonds authorized hereunder, levy for each year, until the principa�l and interest are paid in f�.ill, a direct annual tax on all the taxable property in the • City of Saint Paul, in an amount not less than 5� in excess of the sum required to pay the principal and interest of the same when and as such principal and interest mature, and after such bonds have been delivered to the purchasers , such tax shall be irrepealable until all such indebtedness is paid, and after the issuance of such boncl�s no further action by said Port Authority shall be necessary to authorize the extension, assessment and collection of such tax; that the Secretary of said Port Authority shall forthwith furnish a certified copy of such levy to the County Auditor of Ramsey County, Minnesota, the county in which said Port Authority and said City are located, together with full information regarding the bonds of said Port Authority for which the tax is levied, and such County Auditor shal.l extent� and assess the tax so levied, and shall do so annually until the principal and interest have been paid in full ; provided that s�.id Port Authority may, on or before October 15 in any year, by appropriate action cause its Secr.etary to ce�tify to the .sa,id County Auditor the amount on hand and available in its own treasury from earnings or other income , including the amount in the sinking fund, which it will use to pay the principal or interest or both on each specified issue of its bonds and the . County Auditor shall reduce the levy for that year herein provided for by that amount; that the amount of f'unds so acquired -9- „____ . � . . x . � ;. _ . � � : . � . . . . � , ' ' a 4 ' � ' . f Dupllcate to Printer - � � A ORDINANCE 2��,�� COUNCIL FILE NO �PRESENTED BY ORDINANCE NO. / shall be s�t m�ide by ssid Fort A��hority and be u�ed fbr no o�her purpose th�n far th� reps�ymer�t of th� pri�cipal �an,d intereat on �ueh bond�; and tha� a3�1 �uch tsa�� b�ing �uthoriz�d to be �evied und.�r Seetion ?+58.�93, Mj.nnesota S��.�u�e� 1961� as �:men,deds � s1��11 b� col:l�eted an� ri�mitted to the Port Authori�y � b� �he Coun�y mreasurer ��.n �.�QOrdanQe ��th the p�ovisions of la� �overning �he co].lection o�' o�her ��ge� and �hal7� be used. sol�ly �or the psym�n� oP the prir�a�.pa1 and 1nt�rest on sucY� bond�. . Section �. Tha� said Por� A�thos�.�y sh�1.1 p�ov3.de for the ea�e�ais� of th� authority h�r�by g�antecl for ita is��nce an,d ��le of 3ts s��d bonds� �nd th� pl�dge of the t`ull f�ith� credi� �nd resour�es o�' aaid Ci�y ofi' 8aint P�v.1 a� security for tk�e p�.y��nt of th� sa�e� by its �ppsopriate r��olt�tion�; and th�.t in ea.ah �u�h 3�stance safd 1'ort Au�hor3ty �hr�ll make due compli�.na� with all �ppl3cabZe requ3rem�n�s of th3�s ordi�ance� said �hapt�rs 458 �.nd 475� �3lnaesot� 3tatut�� 1�61� �s �r�ended� ar�d all other applicabl� l�w�. � S�a't�.on �. �'hat thi� ordinanae $l�a1l ta�ke effeat �r�d be �.n �oree thirty d�y� af�er its p��s�ge�. apprvval ar��. publi- eat�.on. ��T 17196� � . Yeas 'Councilmen Nays Passed by the Coun '1 Carlson Dalglish n Favor Holland� Meredit � Peterson / ��°r 1 7 l��i%''t Tedesco v Mr. President (Byrne) Approved: Attest: City Clerk Mayor �� Form approved Corporation Counsel By .. p ....�.i v.j var.� ' J •4 ,• • • � � � � �� . COUNCIL FILE NO. PRESENTED BY ' ORDINANCE NO. � -- An Ordinance authorizing the issuance of bonds by the Port Authority of the City of Saint Paul � in the principal amount of �4� 500,000 over and above the amounts issued under Ordinances No. 11913, No. 12160� I1o. 12287� and No. 13223� for the purpose of securing funds as needed for the payment of the cost necessarily incurred and to . . be incurred by said Port Authorit� for the acquisition of property and other purposes in . furtherance of its program of port� harbor� - industrial a nd recreatio nal develop ment� in • anticipation of the receipt by said Por�t Author- ity of payments� appropriations� rents and � profits and of income .from other sources ; prescribing the form and details of such bonds; � and authorizing said Port Authority to pledge the full faiths credit and resources of the City ' of Saint Paul for the security of said bonds. r WHEREAS� the Port Authority of the City of Saint Paul by its resolution �oe 414, dated September 19� 1967, has requested the Council of the City of Saint Paul by ordinance to authorize the issuance of bonds by said Port Authori�ty in the aggregate principal amount of �4� 500�000, for the purpose set forth in said resolution, a certified copy of whicn has been presented to the Council and is now on file in the office of the City Clerk? all pursuant to the provisions of Section � , 458.193, Minnesota Statutes 1961; and •� WHEREAS� the Council of the City of Saint Paul� being duly advised in the premises� finds ancl determines that it is necessary for the Port Authority to issue and sell said bonds in the near future for the purpose of securing funds as needed by it to pay the cost of property acquired and for other pur- poses in furtherance of the program of port and industrial Yeas Councilmen Nays Passed by the Counci� CarIson Dalglish �Iolland In Favor . Nleredith Against Peterson Tedesco Mr. President (By�ne) Approved: �1tte�t: � City Cle•rk 1VIayor �C � Form appx•ovecl Corporatian Counsel By � t r-`�'°- i ' • • ! . development referred to in said resolution, and authorized ' by t�finnesota Statutes 1961, Chapter 458 , as amended , in ant:L- ' cipation of the receipt by the Port Authorif.y of payments , appropriations, rents and profits and of income from other sources , and it is necessary and proper for the Council, � pursuant to said la�a, to authorize the issuance and sale of said bonds and the pledge of the full faith, credit and resources of the City of Saint Paul for the security thereof, , and to prescribe and �consent to the form and terms of said � � bonds when and as issued by the Port Authority under the ; authorizatioil granted by this ordinance, � NOW THEREFORE, THE COUNCIL C�F THE CITY OF SAINT PAUL DOES ORDAIN: , Section 1. That pursuant to and in accordance with the provisions , terms and conditions of this ordinance and of � Minnesota Statutes 1961, Chap�er 458 , as amended, authority is hereby granted to the Port Authority of the C3.ty of Saint Paul to is'sue and sell its bonds as autriorized by Section 458 .193 , Subdivision 1 of said Chapter 458, in addition to its Gener. al Improvernent Bonds , Series A to F, inclusive , heretofore issued and sold under authority of Or.dinances No. 11913, h'o. 1211'06 , No. 12287 and No. 132�23; and that said bonds are authorized to be issued and sold in the aggregate principal amount of $�{ ,500 ,000 , for the purpose of securing funds as needed by the Port Authority, in said aggregate amount, in anticipation of the receipt by the Port Authority of payments , appropriations , -2- . ' � . ; . . , � � - , . . � . rents and profits, and of income from other sources , to . defray the cost and expense necessarily incurred and to be incurred in the near future for its program of port , harbor, industrial and recreational development , generally described as follows : (1) The acquisition of waterfront , riparian ' and other lands and the construction of docks , � • wharves, piers , dikes and other related port � facilities , both in con,junction with the Federal . government and separately ; 1 . � (2) The acquisition, development and redevelopment of lands for the purpose of establishing a system � ; of harbor and r�,ver improvements and industrial developments within the port district , and within the industrial development district heretofore ' created therein for that purposeo _ . ` ( 3) The provision of recreational lands and , facilities along the river; and (4) Incidental to the foregoing, and in addition . to the dike heretofore constructed in con,junction � with the Federal government : dredging and filling, ; grading and reclaiming marginal land for port and , industrial purposes ; the development of port and � industrial areas; and the construction of storm � t and sanitary sewage disposal facilities , water distribution systems for drinking and other pur- . poses , streets, trackage, surfacing and other � land improvements, and other utility installations ' in those areas . . ' . Section 2 . That the bonds of each ser.ies issued and sold pursuant to this ordinance .shall bear date not later than � the first day of the month in which such bonds are delivered : to the purchaser thereof; that the first installment of each • series shall mature not later than three years from date and the last not later than thirty years �from date; that no amount ' of principal of any series payable in any calendar year shall F . exceed five times the smallest amount of principal maturing in � -3- . . � - � - - . _�... . , , i . • � � � i , - - . ° . � � . . � _ ; . . . ; � J ' . } --�;.- - . i �� ; � � ` � � . , i �. � . ; , , � � , � any calendar year ending three _years �or more after the � - • - ; . date of issue of the series ; that the bonds of each series � shall be issued and sold by the Port Authority in the manner ! , � provided by law, shall be numbered serially, shall be each in j the denomination of a multiple of $1,000 , and shall bear interest I . � � not in excess of 6� per annum payable . semiannually, �according i . . . � to interest coupons to be attached to the same; that the bonds ' of each series shall be substantially ..in the form hereinafter � f � prescribed by the Council and approved by .the Corporation Counsel ' of the City; that sai�i bonds shall bear such interest as the ; City Council shall approve, and shall be sold in one or more , series by _the Port Authority for not less than their par value � , plus accrued interest , to the highest bidder therefor, after � � , two weeks ' published notice of the time and place for receiving " � _ b�ds thereon; that the proceeds from the issuance and sale of said bonds, as received by the Port .Authority, shall be deposited ` by it in a fund of the Port Authority allocated thereto and sub�ect to disbursement only in defrayment of the costs and ' expenses necessarily incurred and to be incurred by the Port � Authority for the program of port and industrial development � � � hereinabove described; that all of t.he bonds sh2.11 be payable . in lawful money of the United States of America at the office of a fiscal agent or agents designated by the Port Authori.ty , and as security for, the prompt and faithful payment of bo�h principal and interest on said bonds .the Port Authority is hereby authorized to pledge the full faith, credit and re- sources of the City of Saint Paul; that the bonds of each series issued hereunder shall be entitled "Port Authority of ' -y� _ • .��... , . � � . ' N • .I - . . � , . . � ' a • . , ' { the City of Saint Paul General Improvement Bonds , Series G", shall be issued in series consecutively designated, beginning with Series G, and the bonds of each series shall be numbered consecutively beginning with No. l; that each of said bonds � shall be signed by the President of Port. Authority , attested by its Secretary and countersigned by its Treasurer; provided that all but one of said signatures may .be printed, lithographed F stamped or engraved on the bonds , and interest coupons shall be attached thereto, and shall be executed and authenticated by the printed, engrave� or lithographed facsimile signatures of said President and Secretary; that each of the bonds shall be � sealed with the corporate seal of the Port Authority, or a ' printed, lithographed or engraved facsimile thereof; that if approved by resolution of the City Council, any of said bonds may be made sub3ect to redemption and prepayment at the option of the Port Authority �at such time and price or prices and upon such notice as shall be provided in .said resolution; and . , � . . that each of the bonds shall be in substantially the following ; , , ". form, with .suitable variations as to serial designation an� number, denominati.on, place or places of payment , redemption provisions , interest rates and nominal date of �issue : : . _5_ . - - � ..--:.- , � - � � � . - } , , , , � ,, ; � � � � ` � � � �� . � . _ ' M . , ' • . �. E ' , . . � . � , � - J , � ; � , _ . - € ' . � � ' � . ' � UNITED STATE� OF AMERICA � ' STATE OF' MINNESOTA � � COUNTY OF RAMSEY , PORT AUTHORITY OF THE CITY OF SAINT PAUL � ' GENERAL IMPROVEMENT BOND � SERIES G t . � , No. ' $1,000 ` KNOW ALL MEN BY THESE PRESENTS, that the Port Authority � of the City of Saint Paul, in the County of Ramsey and State of � Minnesota, acknowledges itself to owe and for value received here- '. by promises to pay to bearer the sum of � . � � - ONE THOUSAND DOLLARS � - � on the first day of . . , 19 , together with inter- est thereon at the rate of per cent � . ( %) per annum from the date hereof until paid, payable � , 19�, and .semiannually thereafter on the first days of . - and � in each year, interest to maturity being evidenced by and pay- able in accordance with and upon presentation and surrender of the annexed interest coupons • as they serially become due. Both principal and interest. of this bond are payable in lawful money f of the United States of America at the office of I in . , f and for the prompt payment of this bond, both principal and ! interest, when due, the full faith, credit and resources of the � City of Saint Paul are hereby irrevocably pledged. � • This bond is one of a series amounting in the aggregate . to the sum of $ ' issued by said Port . Authority for the purpose of securing funds as needed by the ; Port Authority to pay the cost and expense necessarily incurred i and to be incurred for. the program of port and industrial development d�escribed in Ordinance No. of the City of Saint i Paul, all pursuant to the provisions and by authority of Minnesota Statutes 1961, Chapter• 458, and in anticipation .of the receipt by said Port Authority of payments , appropriations , rents and profits and income from other sources thereunder, and in accordance with the provisions, terms and conditions of Chapter 458, Minnesota Statutes 1961 , as amended. This bond is issued pursuant to said ordinance , as enacted by the Council of the City of Saint Paul and duly signed, attested and authorized in accordance with said Chapter 458 , and pursuant t�o Resolution of said Council Nc. , passed and approved ,� 19 , and under authority and in all respects in full compliance wi�h the Charter of said City . -6- C� . I . � � I � � � • 9 1 � � . , '� . ,� , . � . . - ,: , . � F f . _ . . , . � � � � ,� - � � � . � � � , ,, . - _ i �:�..... ► � , � � � ' i . . . i , • • .' � ; . . - ' I ' . , . ; 7 of Saint Paul, pursuant to resolution of said Port Authority , No. , passed and approved. , 19 , and in � all respects in full compliance with all applicable provisions � of law, including Chapter 475, Minnesata Statutes 1961, as ; amended. - . 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 been done and performed in regular and due form and time as required by law; that prior to the ; issuance of this bond said Port Authority has levied for each • year, until the principal and interest are paid in full, a . �' direct annual tax on all the taxable. property in the City of , Saint Paul in an amount not less than five per cent in excess of the sum required to pay th_e principal and interest hereof ' when and as such "prir�cipal and interest mature, which tax is irrepealable until all such indebtedness is paid, and may be j reduced only in the manner and to the extent provided in said � Chapter 458 ; that additional taxes , if necessary for full pay- men� of such principal and interest , are required by law to be � levied upon all such property without limitation as to rate or ; amount; and that neither the total indebtedness of the City of � Saint Paul nor that of said Port ,Authority, including this � bond, exceeds any constitutional, statutory or charter limita- , tion. �- � � IN WITNESS 6JHEREOF, said Port Authority of the City of Saint Paul, by its proper. officers , .has caused this bond to ` be sealed by a lithographed facsimile .of its Official Seal, to ' be signed and countersigned by the lithographed facsimile , ' signatures of its President and its Treasurer, attested by the ' manual signature of its Secretary , and each of the interest ' coupons hereto annexed� to be executed and authenticated by the ' lighographed facsimile signatures of its President and Secre- - tary , and has caused a true and correct copy of the opinion � . rendered by bond counsel as to the validity of the issue in- � cluding this bond, rendered at the time of delivery hereof, ' to be printed on the reverse side of this bond;• and has caused this bond to be dated as of the first �day of � 19 � , � . ' President � � Coun�ersigned ; � _ Treasurer , Attest : . • ecretary. ; . . -7- ,_ � - � .�-._- . � . � . � � - . ; . � . , . � ;. . , � - . + . �' '1 • - f • � � i ,. . - :�; , ., . �; -. . . .. . . � . . - . - . . .� , . � . � � . . . . � that the coupons appurtenant to said bonds shall. be in substan- tially the follovring form: � . No. � � � 1 • On the first day of . � , 19 , the Port . � Authority of the City of Saint Paul, Ramsey County, P�innesota, � promises to pay to bearer the sum shown hereon in lav�ful money ' � � of tYie United States at the office of ' in , , � � � � for interest due that day on its General Impxovement Bond, Series , dated - � 19`, No. . , . (Facsimile Signature) (Facsimile Signature) , Attest : Secretary� . President • � and that there shall be printed on the reverse side of each bond ' a true and correct copy of the text of the opinion rezldered by � � 'bond counsel as to the validiLy thereof, at the time of delivery � of such bond , togeth�r with the follo��ring certificate to be ; executed by a lithographed facsimile of the signature of the � Secretary : • ; I certify thai; the above is a full, true and correct ; c,opy of the legal opinion rendered by bond counsel on the issue � of bonds of the Port Authority of the City of Saint Paul which ; , includes the within bond, dated as of the date of delivery of and payment for the bonds . 1 - ' . • (Facsimile Signature) - � � � Secretary �: . `�; - Section 3. That such bonds , both in respect of the �� . . ;= pri.ncipal amount of the same and in respect of the interest � . . 4. thereon, shall be paid by said Port Authority from tax levies ;; provided for and authorized by said Chapter �158, Minnesota . �' Statutes 1961, and from the earnings and all ir�come received by , � . . ;, = . . �: � said Port Authority from whatever source derived , to the extent .; - _ �` that such earnings and income are determined by the Port Autho- � . . � rity to be available for such purpose and are not pledged for 'the i ' ' ipayment of revenue bonds issued under Minnesota Sta�utes 1961 , � Section 458 . 1g�1 , as amended; that said Port Authority shall, . ; � -8- • . � � .; � . - - , � . .. � •_M , _ . . � . i �� _ . � . . before the issuance of any series of bonds authorized hereunder, levy for each year, until the principa•1 and interest are paid in full, a direct annual tax on all the taxable property in the � , City of Saint Paul, in an amount not less than 5� in excess of the sum required to pay the principal and interest of the same when and as such principal and interest mature, and after such , • bonds have been delivered to the purchasers , such tax shall be � • irrepealable until all such indebtedness is paid, and after the , issuance of such bonc�s no further action by said Port Authority shall be necessary to authorize �he extension, assessment and collection of such tax; that the Secretary of said Port Authority shall forthwith furnish a certified copy of such levy to the ' County Auditor of Ramsey County, Minnesota, the county • in which said Port Authority and said City are located, together with full information regar.ding the bonds of said Port Authority for which the tax is levied, and such County Auditor shall exte t� � and assess the tax so levied, and shall do so annually until the . principal and interest have been paid in full ; provided that said Port Authority may , on or before October 15 in any year, by appropriate action cause its Secr.etary to certify to the said County Auditor the amount on hand and available in its own treasury from earnings or other income , including the amount in the sinking fund , which it will use to pay the principal or interest or both on each specified issue of its bonds and the County Auditor shall reduce the levy for that year herein provided for by that amount; that the amount of funds so acquired� _9_ � � " . � �-T-- - � . . - � � " � " � . � . i . � � � � . . 4 � � . , . k � 10r�elnal to City Clarlc .. .�, c � � � � � � � � � � � ' � ' • � • � COUNClL FILE NO. ' PRESENTED BY ' ORDINANCE NO shall be set aside by said Port Authority and be used for- no � � other purpose than for the repayment of the principal and . interest on� such bonds ; and that all sucYi taxes� being authorized to be levied under Section 458•1.93, I�innesota Statutes 1961� as amended, shall be collected and remitted to the Port Authority by the County Treasurer in accordance with the provisions of law governing the collection of other taxes and shall be used solely for the payment of the principal and interest on such � � bonds . . Section 4. That said Port Authority shall provide for the exercise of the authority hereby granted for its issuance and sale of' its said bonds� and the pledge of the full faith� � credit and resources of said City of Saint Paul as security for � the payment of the same� by its appropriate resolutions ; and ' � : that in each such instance said Port Authority shall make due compliance with all applicable requirements of this ordinance� said Chapters 458 and 47 5� Minnesota Statutes 1961� as amended� and all other applicable laws. - Section 5. That this ordinance shall take effect and .� be in force thirty days after its passage� approval and� publi- Catl.Ono , Yeas Councilmen Nays Passed by the Counci] Carlaon • Dalglish In Favor Holland Meredith Against � Peterson Tedesco - ' Mr. President (Byrne) Approved: ; Attest: City Clerk ' Mayor �� , Form approved Corporation Counsel By Excerpt from Minutes of September 21, 1967 Meeting of the Board of Directors of Saint Paul Beautiful Coordinating Council, Inc. . . . . . . . . . . . . . . rrUpon motion by Tod.d Lefko, d.uly seconded and. approved, the followi.ng resolution was mad.e with the request , that copies be sent to the City Council, Mayor, Housing and Redevelopment Authority, Port Authority and. the Planning Commission: rrRESOLVED, That the Board of Directors, Saint Paul Beautiful Coordinating Council, Inc. , formally opposes location of a proposed junk yard in the river valley until' an overall study be undertaken and completed,; , and be it rrFURTHER RESOLVED, That the said. Board of Directors hereby requests the Honorable Mayor, Honorable City Council, Housing and Red.evelopment Authority, Port Authority, and the Planning Comrnission of the City of Saint Paul to refer said matter to the proper municipal bureau or comnzittee for further stud.y and report, rr Area Cod�6I2 cl?r oa GER1ILD A. ALFVEBY 223-5121 R4� ��. PAUL J. KELLY � '�., THOMnS J.STEARNS a� :��i�� b JON R. DUCKSTAD w8 `d"« hc ARTHUR M. NELSON JEROME J.SEGAL ROBERT E.O'CONNELL THOMAS M. MOONEY Ftrst Assistant � cITY OF SAINT PAUL ��MES W. KENNEY KENNETH J. FITZPATRICK DANIEL A.KLAS GERALD H.SWnNSON Sp�cial Assistant LEGAL DEPARTM'ENT 316 Ci#�y Hall, St. Paul, Minnesota b5102 JOS�EPH P. SUMMERS Corporation Counsel October 2� 196�] Mr. Harry E. Marshall City Clerk City of Sai�nt Paul ' Dear Mr. Marshall : - Pursuant to the terms thereof, transmitted here- with for filing in the Office of the City Clerk is a , certified copy of Resolution No. 414, dated September 19� 1967, of the Port Authority of the City of Saint Paul, authorizing the making of an application to the Council of the City of Saint Paul for anthorization by ordinance for public sale of �4� 500,000.00 General Improvement Bonds, Series G. ' Very truly yours, C�� eral . Swanson Assistant Corporatio n Counsel ' a nd Counsel for Port Authority GHS :er Enc. O • '��► . , ` 1 , � , , ; , � • . '' ' , �' � ' �. Resolution No. � . y. � �� S � . .' �' , . . . �4 � . , . � RESOLUTION � ' � OF THE ' � PORT AUTHORITY OF THE CITY OF SAINT PAUL � ' � WHEREAS, .the Port Authority has heretofore issued its . General Improvement Bonds� Series A to �'� inclusive under .and � ' , �ursuant to the provisions of Minnesota Statutes, Section � 5$•193, and ordinances adopted by the Council of the City of � Saint Paul, including Ordinance No. ii913, dated February 3, � 1961, Ordinance No. 12166, dated March 13, 1962, Ordinance No. � 12287� dated 5eptember 5� 1962� and Ordinance No. 13223� dated ' April 21, 1g66, and the full amount of bonds authorize�d by said . ' • � . ordinances have been issued and sold and the proceeds set aside or expended � in' furtherance of the program of port and industri�al development within the Port District and the Industrial Development ' District heretofore established, including developments in ' : Riverview Industrial Park, Northport, Southport� Crosby Lake Park - - and Red Rock Industrial District, ' . WHEREAS, preliminary plans aizd specifications have been initiated in furtherance of the acquisition of land and construc-. � . � tion of improvements to land, port and harbor in the Red Rock Industrial District within the Industrial Development District, � . as well as other areas �presently under development� and it is � � estimated that such further development for port, harbor, indus- . ' . trial and recreational purposes will require additional commit- � ments to be made in the near future for which a further . � - authorization of borrowing in the aggregate amount of $4, 500,000 should be secureds . NOW, TH�REFORE� BE IT RESOLV'ED, That the Port Authority �f . the City of Saint Paul does hereby �make application to the Council � " ' � of the City of Saint Paul for authorization by ordinance, pursuant� � , to Minnesota Statutes, Section 458.193, of the issuance and sale � � of its General Improvement Bonds in the aggregate principal amount . � � of �4, 500,000., over and above the amounts of bonds authorized by ' said existing ordinances, to be issued and sold in one or more , additional series� when and as found necessary by the Authority� . � . • for the purpose of providing funds to pay costs of the port� , harbor, industrial a.nd ��creational .program for which the out- , �. . standing bonds haye been authorized, and the pledge of the full faith and �credit and resources of the City for the payment of such , bonds and interest �hereon; said bonds to be issued �,n comp�iance � � � with all applicable requirements of such ordinane� and o� Minnesota Statutesi Chapters 458 and 47 5� and all other applicable' � , laws� and bearing interest� at such rate or rates � as the Council � shall approve. . � ; • . ', . . � . ; , _ � . ,. . � � � ' . . f . � - . . - •' � . . � - . • ' . ., � . � ,_ ' _� . . � � �� . , , � , . . , . � . '; , ; •. , � ' , � � , .. . � , � .4 , , ,. . ... �- � . " •• . � - - • . ' - .. • � • , . y, . ; ' , ' . ` . 1 ri I , � .� ` 1 " •. .!;.. n ,,: .. S ' ,Y. `� � •' '`� , ,� . • . � '. . ' '"• , �f ' ,,� • • • • , i r • . . 1 ' � • � � - BE IT F[1RTHER RESOLVED� that the Secretary of the Port Authority be and he is hereby directed to present a cer.tified � . copy of this resolution to tYie Council of the City of Saint Paul� , as and for such application. ' . Adopted: September�� 19� , 196'] � . � . ' ' , . . . . . • . . . . . . . .. - " , . „- P e dent of the Port Authority _ , . ' � of, the City of Saint� Paul � . � ` � . � , � � . . , , � v. l �r Attest: , , ' . ' . . � � . , � ' . � � �. .' � , � .. . . , .• , � � . . . � � , . Secretar . - - , , , y , , � , . . . , ' • ' . � . ' y ' � ' � � . . ' . - � - . . � � • . , � , . � _ , ' : . _ _ . . . . ' � ' , , , . .' . �, • �. , •, � . : , � t . • ' ' ' • .' - � ' '. < ' " ' .'. . . � ' •- . '." r ' , .' � • , ' . , .. � . . .. � �,� •• , • ' i.' , ' . - , , - , , � . ' 3 . • , ' , f_ ' .i ;F . . . . .. , . : , . . � , � . . � _, ., - �, _, �� ' ` ,. . ', ` , _ . '. . . . � .r, . � ' � , , � � � . ' . r . . • , �. ' ,' ` . ,; ., � ' . • ' . . ; ' �;• , . . . . .� ' .L � - ' � _ . � , T .r . '' -. � . � .v , , . r,��. - ;. . . .. ,y,•��' ' . l �, , . , ^ . . � ' � ' . ,. • , . .� , . . • , � • ''� •' , . . �•�,. � � _ � � ' ';: � ' • . L • . � . �' ,^ •• ' ' �) �;: `'- � ' `' j , ^ ,, , , � ^ .. � _ '. ' . � . ,... . ' ' � : .. ' 'I � . : . ,.n, ': . . ; • ' I .. f,1 ' C .._S.� ' ", " . •. � `i � , -• . •' ^ . . , . �I. I •• ; .. '� ' ' -'- •..- , ` 1 . , r ' ., '; ' '• � . + . . ' . ' • • � • �' � . - •1 `',+ ti.•` , • � �, .� rl, ... ` ' .�' . �. •r ,��' ,(.• '. , • ' • �• •. . � . ' ' .' ,J ,.. . C-�.}ti• }r., -� . �'. . 1 . , ' , — ' ` • y'�1 ` i . ,. . . _ � fIJ � � ' " � i . . � '� . • • • . ' _• � • ^ ' s . � . . . . I � ' � .i .1 • •. . •• � 1. . • . �. . ' ` " . • � - I, � � + _ � � ' � ' • � � , . ` . � . ' • V �fr ' . � � � . .� � � �. � , �� .. . , . .. . , F , ' . ' . . " , ' , . .. � � *' a . . • ,,r ' • , ' ' � •'' . • . . � . .. ' ' .: , � � � • —_ , . . . , �. , ' . STATE OF MINNESOTA ) ) SS - COUNTY OF RAMSEY ) I, the undersigned, being the duly qualified and acting Secretary of the Port Authority of the City of Saint Paul, hereby certify that I have compared the attached and foregoing document with the original thereof on file and of record in my office and find the same to be full, true and correct copy of the following: Resolution No. 414, as adopted September 19, 1967, at a regularly scheduled meeting, providing for application to the Council of the City of Saint Paul for authorization by ordinance for the public sale of �4, 500,000 General Improvement Bonds, Series G. WITNESS my hand and seal of the Port Authority of � the City of Saint Paul this 29th day of September, 1967. �; . , � G c�.�2 , `- � Secretary � � Port Authority of the City of St. Paul ` . - � - f �-_..._ ,y �a ...� �• PORT AUTHORITY OF TNE CITY OF SAINT PAUL 1130 MINNESOTA BUILDING, 4TH AND CEDAR, SAINT PAUL, MINN. 55101, PHONE 224-5686 September 28, 1967 Honorable Mayor and Members of the City Council City Hall and Court House Saint Paul, Minnesota RE: Proposed Bond Ordinance - $4, 500, 000 Series G Gentlemen: � In order to continue its program of port, haxbor and industrial development the Port Authority of the City of Saint Paul requests your approval and authori:zation for the issuance of $4. 5 million in general obligation bonds. As you will recall, the City of Saint Paul on April 21, 1966, approved Council File Number 228019, Ordinance Number , 13223, authorizing the issuance of bonds by the Port Authority in the-principal amount of $1. 5 million for the purpose of securing funds as needed for the acquisition of land and the construction of improvements in the Red Rock Industrial District, formerly known as the Pigs Eye Lake Industrial District. General obligation bonds in the amount of $1. 5 million have been issued and the funds have been either expended or are committed by the Port Authority to develop- ments pr.esently under way. The location of the North Star Steel plant in the Red Rock District is evidence of how these funds have been used. FRANK D. MARZITELLI EUGENE A. KRAUT FRANK E. CLAw50N FRANCIS D HAGEN E%ECUTIVE VICE PRESIDENT ASSISTANT E%ECUTIVE VICE PRESIDENT OIRECTOR, INDUSTRIAL DEVELOPMENT CHIEF ENGINEER COMMISSIONERS RICHARD C. RADMAN SEYMOUR VERHEY BERNARO T HOLLAND H WILLIAM BLAKE GERALD J ISAACS LOUIS H MEYEFS ROBERT F PETERSON PRESIDENT VICE PRESIDENT SECRETARY TqEASURER LEGI9LATIVE ADVISORS NfCHOLAS D. COLEMAN, STATE SENATOR RICHARD RICHIE. STATE REPRESENTATIVE c�Z Honorable Mayor and Members of the City Council Page Two September 28, 1967 � Our present request is based upon plans for additional harbor and industrial improvements in the Red Rock Industrial District and for the development of a new district called the Pickerel Lake Industrial District. The estimated cost of the additional improvements in the Red Rock Industrial District is $3, 692, 000. The development of the Pickerel Lake Industrial District, including the acquisition of land, is estimated at $808, 000 based on minimal development. The total cost of these two phases of port, harbor and industrial ; development is $4, 500, 000. There is enclosed copy of a report analyzing the plan for development of approximately 25 acres of land in the Pickerel Lake area. This is presented in support of our requ:e`s,t for additional bonding authority to give proper continuity to the Industrial Development District Program. This report has been prepared by Francis D. , Hagen, Sr. , a registered professional Engineer, who is in the employ of the Port Authority of the City of Saint Paul. The Port Authority will use the land rentals not required for the payment of security of its outstanding revenue bonds received from the Red Rock Industrial District and proposed Pickerel Lake Development area towards re- tirement of this issue of general obligation.bonds and will not use these excess land rentals for any other purpose until the general obligation bonds have been retired. The Port Authority is aware of the public demand for the development and improvement of recreational areas abutting the Mississippi River. Honorable Mayor and Members of the City Council Page Three September 28, 1967 Present rules and regulations of the U. S. Army Corps of Engineers will not permit the Port Authority to utilize the shore line of the Pickerel Lake Industrial District area for the loading or unloading or the fleeting of barges. Because of this restriction, the present plan for develop- ment of the Pickerel Lake Industrial District will not include dock wall facilities. A buffer strip of trees and shrubs between the Mississippi River and the Industrial facilities, to be constructed on this sit.e, will be maintained so as to improve the aesthetics of the waterfront in��iis area. Your approval of the proposed Bond Ordinance, in our opinion, will best serve the social and economic growth of the City of Saint Paul. Respectfully yours, � f � Frank .'Ma zit 11' " Executive Vice P e dent FDM ; i � � , . } � � . _` � - . -_ � _ _ --_-� . ___` - -_� � _�� . . ��1! . _�_ _�� —t _ � , �� . —� -_'' �� ------ ;�-''` ;,. .x � . — �� ``� C;r a�''_�rr``�� `�`, ' ''Y� � �` . ,. nV� :'1•-+'i; ',.,y i ,Y }..FL:_�+ ..��, .��• _ " .5_ T'.:��iK•,,fiw _'s�'F'% ' �y�'r4.;.: . _. ,i('.'; \ � �w`t':_ .:n 1 - ..':�_�� ! t:y_4.-�. �•u:!�': - • - ,x�..�: �«.5;."..,� •;,,,,, � , , t •y,?y` � ,•�•• ' + ` • • , _},Z�, � i ' _ 4'r' , _:�`<` i�'. . -� .�. i .., `j �� • • . � � '�� ',�•1:•-�`/��i.i`•t..; - • , . .'i`r,.' :'�' • . . ' : - . . � _ • ¢ ;'. �^••cr" � _ ' ' • � � ., _ � ?' v �+�' . � . . ' T�• i: �" `,'r' �< i ' " T'. o . ,�� :'` � • `,f+.' �� ".y~ , ^ • ,_7. � : - :i' �r . _ . . ' ' 'w.R'��=°' . :�- .i -• 1� -_ " . ._ � �F.�.1L�.'yi . � , . ,+ � '.S" �t�. . �fra_� � • � _ _ I _ Cs: ''�:. ` ♦1'�.j -/ " _ ... , ' .,,y . . • jLi�-R;:' _ ' , ' - S� ;'-'' ' 's.. . ' . 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