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ORI INAL TO CITY GLERK,�
� � CITY OF ST. PAUL FOENCIL NO. _
� ICE OF THE CITY CLERK
CO i S N—GENERAL FORM
PRESENTED BY
COMMISSIONE DATF
�0 D� B�t the Council of the City of �aint Paul� that
pursuant to the provisions of Chapter 700, Laws of Minnesota
for 1963, there shall be 3ssued and sold bonds of said City
in the par value amount of One Hundred and Fifteen Thousand
Dollars (�115,000) , for the purpose of procurement by said
City of funds� in the amount of One Hu.ndred and Fifteen Thousand
Dollars (�115,000) , to be used by said City for the payment o�'
costs and expenses incurred and to be incurred in connection
with the preparat3on of a -study and plan for sewage service
for an area within and without said City' s boundaries, suthorized
p�rsuant to the. provisions of said Chapter 700, Laws of Minnesota
for 1963; be it .
RESOLVED FIIRTHER� That said bonds shall be issued and
sold pursuant to the provisions of said Chapter 700, Laws of
Minnesota for 1963, and in accordance with Chapter 475, Minnesota
Statutes 1g61, as amended; that said bonds shall be in the
denomination of $1�000, �5�000 or �10�000� at the option of the
purchaser; that said bonds shall bear a rate of interest not to
exceed six per centum (6�) per annwn, payable semi-annually on
the first day of January and the first day of July� according
to interest coupons to be attached to' said bonds; that said
bonds shall bear date the first day of July, 1966; that said
bonds shall be issued and sold by said Ci�y of Saint Paul in
p the manner provided by law; and that said bonds shall mature �
� serially in each of the years and in amounts as follows :
r,. ,
�' � Date of Nlaturity Amount
� � July 1, 19�9 � 10,000.00 ,
o � Julp l� 1970 10,000.00
_ "' July 1� 1971 10�000.00
o � July l� 1972 15�000.00
� July l, 19�3 15,000.00
� July 1� Zg'74 1.5,o00.00
July 1, 1975 20�000.00
. July l� 1976 20,000:00 �
TOTAL $ 115,000.00
OUNCILMEN Adopted by the Council 19—
Yeas Nays
Carlson
Dalglish Approved 19—
Holland
Meredith � In Favor
Peterson Mayor
Tedesco A gainst
Mr. President, Byrne
�z2
�2�?�0
Page 2.
be it
RESOLVED FURTfiER� That said bonds shall be in substantially�
the following form, whidz has been prepared by the Sinking �,ind
Committee and approved by the Corporation Counsel of the City of
Saint �=aul and is hereby approved and adopted:
"IINITED STATES OF AMERICA
STATE 0 F MINNESOTA
COIINTY OF RAMSEY
C I TY 0 F SAI NT F'AUL
- " _ JOINT .SEWER STIIDY BOND
No. . . . . . . . . . . . . . . . �. . . . . . . . . . . . . . .
"KNOW ALL MEN BY TFiESE P�RESENTS� That the City of Saint
�aul� in the County of Ramsey and State of Minnesota,
acknowledged itself to owe and for value received i�areby
promises to pay �o Bearer the .sum of . . . . . . . . . . . . : . . . . . . . . �
Dollars ($. . . . . . . . . : . . ) on the first day of ,Tuly, 19. . . ,
together with interest thereon from the date hereof until
paid at the rate of . . . . . . '. . . . per centum per annum� payable
semi-annually ,on the first days of January and July in
each year , as evidenced by and upon the presentation and
surrender of the annexed interest coupons as they severally
. become due.: Both principal and interest on this bond are '�
payable in lawful moneg of the IInited States of America '�
at the Fiscal Agent of the City of Saint Paul� in either
Saint P�aul� Minnesota� or� -New York� New York, at the
option of the holder; and�for the prompt payment of this
bond, both principal and interest, at maturity, the full
faith and credit of the City of Saint �aul are irrevocably
pledged.
"This bond is one of a series of bonds issued and sold
by said City of Saint �'aul, in the aggregate par value
amount of �115�000.00� authorized by Chapter 700, I,aTss
of Minnesota for 1963, for the purpose of the procurement
of funds in said amount to be used by said City for the
payment of costs and expenses incurred and to be incurred
in connection with the preparation of a study and plan
for sewage service for an area within and without said
City' s boundaries, as authorized by Chapter 700, Laws of
Minnesota for 1963. .
" This bond is issued and sold by said City of Saint
Paul� under and by authority of said Chapter �00, Zaws of �
�����o
Page 3.
Minnesota for 1963, under and by authority of a duly
adopted Resolution of the Council of the City of Saint
�aul� and in full complia nce with said Chapter '700,
Laws of Minnesota for 1963, said Resolution� the Charter
of the City of Saint Paul, as applicable� and 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 Charta� of said City
to happen and be done and performed precedent to and
in the issuance of this bond� have happened and have
been done and performed in regular and due form and time
as required by law, and that the total indebtedness of
the said City, including this bond, does not exceed any
constitutional, statutory, or charter limitation.
"IN WITNESS WHEREO F, the said City of Saint Faul by
its Council has caused this bond to be sealed by the
facsimile of its Official Seal� lithographed thereon� to
be signed by the lithographed facsimile signature of its
Mayor, attested by the lith ographed facsimile signature
of its City Clerk, and countersigned manually by its
Comptroller� and each of the interest coupons hereto
attached to be executed by the lithographed facsimile
signatures of said officers� as of the f irst day of
July, 1966. , �
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Ma yor
Attest : . . . . . . . . . . . . . . . . . . . . . . . . . . .
City Clerk
' Countersigned: . . . . . . . . . . . . . . . . . . . . . . . . . . .
City Comptroller
"COIIL�ON
No. . . . . . . . . . . . . . . . $. . . . . . . . . . . . . :
"On the first day of JJulyry' 19" • � the City of Saint
Paul� Minnesota� promises to pay to bearer . . . . . . . . . . . . . . . . . .
Dollars (�. . . . . . . . . . ) at the Fiscal Agent of the City of
Saint Faul, in either Saint Faul� Minnesota•� � or New York�
New York, at the option of the holder� for `interest due
that day on its Joint Sewer Study Bond, dated as of July l,
1966, No. . . . . . . . . . . .
. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
Mayor
Attest: . . . . . . . . . . . . . . . . . . . . . . . . . . .
City Clerk
Countersigned• . . . . . . .
. . . . . . . . . . . . . . . . . . . . .
City Comptroller "
• i
ORI��NAL TO CITyY CLERK _
, • CITY OF ST. PAUL F,OENCIL N�. ���'4�� �
OFFICE ,OF THE CITY CLERK
COUNCIL RESOLUTION—GENERAL FORM
PRESENTED BY
COMMISSIONE� DATF
Page 4.
and be it �
�IT�f�THER"RE80LVED, That each said bond shall be sealed by
the facsimile of the Official 'Seal of the City of Saint Paul
lithographed thereon and signed bs the lithographed facsimile
signature of the Mayor, attested by the lithographed facsimile
signature of the City Clerk, and countersigned mangally by the
City Comptroller� in accordance with Section 475•55, Minnesota
Statutes 1961� as amended, a nd the interest coupons thereto
attached shall be execnted by the lit�ographed facsimile
signatures of said officers; and be it
FURTHER RESOLVED, That sealed pr,oposale be received in
the office of the City Comptroller in the City Hall and Court
House Building, in the City of Saint �aul, Minnesota� up to
9�30 o' clock A.M. (C.D. T. ) July 19� 1966, for the sale of all
or none of said bonds, after giving due notice of said sale
in the manner prescribed by law, in the 5t. F�aul Legal Ledger,
the official newspaper of said City, and in the Commercial
West, a financial periodical published in the State of Minnesota;
that each bidder shall be required to accompany his bid by a
certified or cashierts check for two per centum (2�) of the amount
of bonds bid for, which will be forfeited to the City as liquidated
damages if the bonds are not taken and paid for when ready for
delivery; that the City Comptroller shall, at the next meeting
after receiving said bid�, present the same to the Council for
their action thereon; and that said bonds shall be awarded to
' the person offering the lowest net interest cost to the City�
not exceeding six per centum (6�) per annwn. '
.
�ur� 2 s r�s
COUNCILMEN
_ Adopted by the Council 19—
Yeas Nays
� Carlson � 2 g�
Dalglish pproved 19—
,� �' Meredith In Favor
.
Peterson J Mayor
Tedesco A gainst
Mr. President, Byrne - 2M9���
���o �N
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