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229251 ORIGINAL TO CITY CLERK� i �) � ' � CITY OF ST. PAUL "' F,OENCIL N0. �2 2�1 • OFFICE OF THE CITY CLERK , OU IL �S LUTION—GENERAL FORM • PRESENTED BY COMMISSIONE DATF r Wfi�REA�, the Council of the City of Saint Paul finds it necessary a�G this time that provision be made for the issuance and sale by the City of bonds of said City in the par value amount of Nine Hundred Eighty Thousand Dollars ($980�000) for the procurement of necessary funds in said amount by said City for payment by said City on account of advances by said City to the State of Minnesota for public purposes under and pursuant to Chapter 538 Session Laws of Minnesota for 1959, and said Cityts Ordinance No. 13250, adopted June 8, 1966; therefore be i.t , / �. BE�OLVED� That the Council of the City of `Saint Faul issue and sell at this time Nine Hundred Eighty Thousand Dollars • (�980,000) par value in and of said bonds, pursuant to and in accordance with said Chapter 538� Session Laws of Minnesota for 1959� and said Ordinance No. 13250; that said bonds shall be in the denomination of �1�000.00� �5�000.00 or �10�000.00� at the option of the purchaser; that said bonds shall bear a rate of interest not to exceed' five per centum (5�) per annum payable semi-annually on January 1 and July 1 according to the � interest coupons to be attached to said bonds ; that said bonds shall bear date �he first day of July� 1g66; that said bonds � shall be in the form of serial bonds� a portion of which shall become payable each year after issue commencing July 1� 1969; that the first installment of said bonds shall come due three h, (3) years from the date of the same and the last in�tallment N � of said bonds shall come due 3n not more �han twenty (20) � years from such date; that no annual installment of principal 0 of any of said bonds payable in any calendar year after the .� � date of the same shall exceed five times the amount of the ° o smallest prior installment thereof payable in any calendar year o � after the third calendar year; that the principal Nine Hundred . = o Eighty Thousand Dollars (�980�000) par value of said bond's shall � mature serially commencing July l, 1969, over said twenty (20) � � year period on t�he following dates and in the following amounts: � COUNCILMEN Adopted by the Council 19— Yeas Nays Carlson Dalglish Approved 19— Holland Meredith In Favor Peterson Mayor Tedesco A gainst Mr. President, Byrne • �2z . ��R�� Page 2. Date of Maturity Amount July l, 1969 � 20,000.00 July l, i97o 20,000.00 July 1, 19'71 20,000.00 Ju1y l, 1972 30,000.00 July l, 1973 30,000.00 July l, 1974 30,000.00 July l, 1975 40,000.00 July 1, 1976 40,000.00 July 1, 1977 50�,000.00 July l, 197� 50,000.00 July l, 197� 70,000.00 July l� 1980 70,000.00 July 1� 1981 80,000.00 July l, 1982 80,000.00 Ju1y 1, , 1983 80,000.00 � July 1, 1g84 *; 90,000.00 July l, 1985 90,000.00 July l, 1986 - go,000.00 Total �980,000.00 be it RESOLVED F�TRTHER� That sealed proposals be received at the office of the City Comptroller in the City Hall and Court House in the City of Saint Paul�� Minnesota up to g:30 o' clock A.M. (C.D. T. ) ' on July lg, 1966, for the sale of all or none of said bonds, after giving due notice of such sale in the manner prescribed by law in the �t. Paul 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 cashier' s check for two (2) per centum of the amount of the bonds bid for, which shall be forfeited to the City as liquidated damages_ if the bonds are riot taken up and paid for when ready for delivery; and that the City Comptroller shall, at the .next meeting after receiving said bids, present the same to the Council for its action thereon, and that said bonds shall be offered to the person who will pay par or better therefor and at the lowest rate of interest not exceeding five per centum (5�) per annum; be it RESOLVED F�TRTHER� That said City of Saint Paul Bonds in the amount of Nine Hundred Eighty Thousand Dollars (�980,000.00) ' � ' ��(��`� ,� Page 3. par value authorized and provided to be sold hereunder� in the denomination of $1,000.00, �5,000.00 or �10,000.00, at the option of the purchaser, as aforesaid, shall be denominated City of Saint Paul Trunk Highway Bonds, S eries No. 4, and shall be in substantially the following form, which has been prepared by the Sinking Fund Committee and approved by the Corporation Counsel of said City, and is hereby approved and adopted: "UNITED STATES OF AMERICA STATE OF MINNESOTA � COUNTY OF RAMSEY CITY OF SAINT �AUL TRUNK HIGHWAY BOND SERIES N0. 4 No. . . . . . . . . . . . . . . . $. . . . . . . . . . . . . . . "KNOW ALL MEN BY THESE P�RESENTS, t'hat the City of Saint ��aul in the County of Ramsey and State of Minnesota acknowledges itself to owe and for value received hereby promises to pay to bearer the sum c�fi • • • • • • • • • • • • • • • • • • • • • • Dollars (�. . . . . . . . . . . . ) on the, first day of July, 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 �of this bond are payable in lawful money of the IInited States of America at the Fiscal Agent of the City of 8aint Paul� in either Saint Paul, 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 faith and credit of the City of Saint Paul are hereby irrevocably pledged. "This bond is one of �"iseries amounting�iri-the aggregate to the sum of Nine Hundred Eighty Thousand Dollars ($980,000) issued by said City of Saint Paul for the purpose of procure- ment by said City of funds for the payment on account of said City' s advances to the State .of Minnesota therefor, and not to exceed the State' s share of the estimated cost of certain State Trunk Highway Pro�ects for the location� construction, reconstruction and improvement of said State Trunk Highways � within the � corporate limits of said City, pursuant to several Agreements made by and between said City and said State, making additiona]� provision for reimbursement of the principal amount of such. advances by said 8t8te to said City authorized thereby, in accordance with the provisions , terms and conditions of Chapter 538, Session Laws of Minnesota for 1959• This bond is issued pursuant to Ordinance No. , f � � �� t ' -gage 4. 13250, enacted by the Council of said City, and duly signed, attested, approved and pizblished in the manne'r required� by the Charter of said City, and authorized by said �hapter 538� Session Laws of Minnesota for 1959, and� also by a duly adopted Resolution of the Council of the City°°of Saint Paul� and under authority of and in all respects in full compliance with Section 21'7 of the Charter of the City of Saint Paul and such other sections thereof as may be��.pplicable thereto, and Chapter 4'75, 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 gtate 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, and that the total indebtedness of said Cit y, including this bond, does not exceed any constitutional, statutory, or charter limitations. "IN WITIVESS WHEREOF� the said �ity of Saint Paul� by its Council� has caused this bond to be sealed by the f acsimile of its Official Seal lithographed thereon� to be signed by the lithographed facsimile signature of its Mayor, attested by the lithographed 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, thi§ first day of July, 1966. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Mayor� Attest: . . . . . . . . . . . . . . . . . . . . . . . . . . . . City Clerk Countersigned• . . . . . , . , , , , . . . . . . . . . . . . . . . . . . . City Comptroller "COUPON �'On the first day of JJuly y� 19• • • , the City of Saint Paul, Minnesota, promises to pay to bearer . . . . . . . . . . . . . . . . . . . Dollars ($. . . . . . . . . . . . ) at the Fiscal Agent of the City of Saint Paul, in either Saint Paul, Minnesota, or 1Vew York, ORIG�NAL TO CITY GLE12K �/'�/� lf� � � CITY OF ST. PAUL COUNCIL ��d�-��'��' OFFICE OF THE CITY CLERK FILE NO. . , COUNCIL RESOLUTION—GENERAL FORM PRESENTED BY COMMISSIONER DATF Fage 5, � New York� at the option of the holder, for the interest due that day on its Trunk Highway Bond, Series No. 4, dated July 1� 1966, No. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . Mayor Attest: . . . . . . . . . . . . . . . . . . . . . . . . . . . ' City Clerk � Countersigned: . . . . . . . . . . . . . . . . . . . . . . . . . . . . . City Comptroller " � and be it RESOLVED FURTHER, That each said bond shall be sealed by " the facsimile of the Official Seal of the City of Saint Paul lithographed thereon, and signed by the lithographed facsimile signature of the Mayor� attested by the lithographed facsimile signature of the City Clerk, and countersi gned manually by the City �Comptroller� in accordance with 'Section 475• 55, Minnesota Statutes 1g61� as amended, and the interest coupofls thereto � attached shall be executed by the lithographed facsimile sig- natures of said officers. �uN 2� �� COUNCILMEN Adopted by the Council I9— Yeas Nays - Carlson �� 1 Dalglish Approved 19— �� Meredith fn Favor Peterson J Mayor Tedesco A gainst Mr. President, Byrne � � ' �P�so �W �9��6` - . �22 . . DUPLIGATE TO rRINTER - �2��1 i � CITY OF ST. PAUL FOENCIL NO. OFFICE OF THE CITY CLERK COUNCIL RESOLUTION—GENERAL FORM PRESENTED BY COMMISSIONER DATF - WSEREAS� the Council of the City of Saint F�ul finds it necessary at this time that provision be m�.de t'or the issuance and sale by the City of bonds of said City in the par value amount of Nine Hundred Eighty Thousand Dollars (�980,000) for the procurement of necessary funds in said amount ty sa City for payment by said City on account of advances bq said Ci to the State of Minnesota for public purposes uader and pursua � ` to Chapter 538 Session Laws of Minnasota for 1.959, 8nc1 said City�s Ordinaace No. 13250� adopted June 8� 1966; therefore be it RSSOLYED� That the Council of the City of Saint Paul is�ue and sell at this time Nine Hundred Eighty Thousand Dollars ($98� 000) par value in and of said boads� pursu�nt to and in acQOr�dance �S.th said Chapter 538� Session Laws of Mi�nesota for 1959, $nd said Ordinanee No. 13250; that said bonds shall be in the denomination of �1�000.00� �5 000.00 or $10�000.00� at the option of the purahaser; that sa�.d bonds shall bear a rate of inte�est not to exceed five per centum (5�) per annum �payable semi-annually on Januery 1 and July 1 accorcling to the interes� coupons to be attached to said bonda; that said bond� shall bear date the first day of July, 1966; that said bonds shall be in the form of serial bonds� a portion of which shall become payable each year after issue commenaing July 1, �969; that the first installment of said bonds shall come due three (3) years from the date of the same and the last in�tallment of said bonds shall come due in not more than twenty (20) years from such date; that no �nnual inatallment of principal of any of. said bonds payable in aay Qalendar year a�'t$r the data of' the �ame s�all exceed five times the amount of the smallest prior installment thereof payable in any calendar year after the thircl calendar year; that the principal Nine Hundred Eighty ThousBnd Dollars (�980�000) par value of said bonds shall mature serially commeneing July 1� 1969 over said twenty (20) year p eriod on the following dates and �n the t'ollowing amountss COUNCILMEN Adopted by the Council 19— Yeas Nays ' Carlson Dalglish Approved 19— Holland Meredith In Favor Peterson Mayor Tedesco A gainst Mr. Preaident, Byrne �az C � ! �/'�� i � Page 2. ' . �f �� ,� .� Date of � Maturity � � Amount i� July 1, 1969 � 20,000.00 July l, 1970 20,000.00 July l� 19'71 - 20,000.00 July l, 1972 30,000.00 • JulJ l, 1.973 • 30,000.00 July l, 1974 30,000.00 July 1, 1975 40,000.00 July 1, 19�6 40�000.00 ' ' July l, 1977 50,000.00 ft July l, 1978 50,000.00 July 1, 1979" ' 70,000.00 July l� 1980 70,000.00 July l, 1981 80,000.00 July i, 1982 � 80,000.00 .rul� 1, i983 80,000.00 July 1, 1984 90,000.00 � July 1, 1985 90,000.00 July 1, 1986 go,o�o.00 Total �g80,000.00 be it , RESOLVED F[TRTHER, That sealed proposals be received at the office of the City Comptroller in the City Hall and Court , House in the City of Saint Paul� Minnesota up to g:30 o' clock A.M. (C.D. T. ) on July 19, 1,966, for the sale of all or none of said bonds, after giving due notice of such sale in the manner prescribed by law in the 3t. Paul Legal Ledger, the official . newspaper of said City, and in the Co�ercial West, a f inancial periodical published in the State of Minnesota; that each bidder shall be required to accompany his bid by a certified or cashier' s check for two (2) per centum of the amount of the bonds bid for, which shall be forfeited to the City as liqu�dated ' � damages if the bonds are not taken up and paid for when reaay for delivery; and that the City Comptroller shall, at the next meeting after receiving said bids, present the same to the Council for its action thereon, and that said bonds shall b� ' offered to the person who will pay par or better therefor and at �he lowest rate of interest not exceeding five per centu� (5�) per annum; be it • RESOLVED FUR'i'HER, That said City of Saint Paul Bonds in , the a:nount of Nine Hundred Eighty Thousand Dollars ($980,000.00) � " . � . �2g2�1 . , _ Page 3. � � par value authorized and provided to be sold hereunder, in - the denomination of �1,000.00, �5,000.00 or �10,000.00, at the option of the purchaser, as aforesaid, shall be denominated ' City of Saint Paul Trunk Highway Bonds , Series No. 4, and shall be in -substantially the following form, which has been prepared by the Sinking �.ind Committee and approved by the Corporation Counsel of said City, and is �hereby approved and adopted: ' • • . "UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF RA.MSEY - CITY OF SAINT �AUL TRUNK H I GH��dAY BOND SERIES N0. 4 , No. . . . . . . . . . . . . . . . . �b. . . . . . . . . . . . . . . "KNOW ALL MEN BY THES� P�RESENTS, �'ha� the City of Saint Faul in the County of Rarnsey an� State of Minnesota acknowledges itself to awe and for value received hereby � promises to pay to bearer the sum of . . . . . . . . . . . . . . . . . . . . . . � Dollars ($. . . . . . • . • • • • ) on the first day of July, 19. • • � . • together with interest thereon from the date hereof unti2 ; paid, at the rate of . . . . . • . • • • • • p�r centum per annum� payable . semi-annually on the first days of January and July, irl each year, as evidenced by and upon the presentatian and surrender of the annexed interest coupons as they severally b�ca:ne � due. Both principal and interest of this bond are payable , � in lawful �oney of �he United States of America• at the Fiscal Agent of the City of Saint Paul, in either Saint Paul, Minnesota, or N��a York, � New York, at the option of the holder; and for the prompt payrnent of this bond, both principal and interest, at maturity, the faith and credit of the City of Saint Pnul are hereby irrevocably pledged. � "This bond is one of a: series amounting in the aggregate to the sum of Nine Huncired Eighty Thousanct Dollars ($980,000) issued by said City of Saint Paul for the purpose of procure- ment by said City of funds for the payment on account of said � . Cit,y' s advances to the State of Minnesota therefor, and not � to exceed the State' s share of the estimated cost of certain , State Trunk Highway Pro�ect� for the location, construction, reconstruction and improvement of said State Trunk Highways � within the corporate limits of said City, pursuant to � . several Agreements made by. and between said City �nd said State, making additiona� provision for reimbursement of the principal amount of such advances by said @tate to said City autnorized thereby, in accordance with the provisions , terms and conditions of Chapter 538, Session Laws of Minnesota for 1959• This bond is issued pursuant to Ordinance No. ,- . • � - t , , , . ` � � . ; ��9251 � Fage 4. . - 13250, enacted by the Council of said City, and duly $igned, attested, approved and published in the manner required by � t}�e Charter of said City, and authorized by said �hapter 538, Session Laws of Minnesota for 1959, and also by a duly . adopted Resolution of the Council of the City �of Saint Paul, and under authority of and in all respects in full compliance � . ' with Section 217 of the Charter of the City of Saint Paul and such other sections thereof as may be �applicable thereto, V and �hapter 475, Minnesota Statutes 1961� as a�ended. , � "It is hereby certified and recited� �hat all things, acts and conditions required by the Constitution and laws of the gtate of Minnesota and the Charter of 5aid City to happen and be done and performed precedent to and in th e issuance of this bond �ave happened and been done and performed - in regular and due form and time as required by law, and that the total indebtedness of said City, including this bond, does not exceed any constitutional, statutory, or charter - limitations. • "IN WITNESS WHEREOF, the said �ity of Saint Paul� by its Council, has caused this bond to be sealed by the f acsimile . of i�s Official Seal lithographed thereon, to be signed by the lithographed facsimile signature of its Mayor, attested by the lithographed facsimile signature of its City Clerk, and countersigned manually by it s Comptroller, and each of the interest coupons hereto attached to be executed by the - � lithographed facsimile signatures of said officers, this � first day of July� 1966. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . • Mayor Attest: . . . . . . . . . . . . . . . . . . . . . . . . . . . . , City Clerk - � Countersigned: . . . . . . . . . . . . .�. . . . . . . . . � . . . . . City Comptroller • "COUPO�i " ` "On the first day of JJulyr�� 19' • • � `the City of Saint Paul, Minnesota, promi�es ta pay to bearer . . . . . . . . . . . . . . . . . . . � Dollars (�. . . . . . . . . ) at th� Fiscal Agent of the City of Saint Paul, in either Saint Paul, �Iinnesota, or Netti* York, ' � , � .. y -o"��„"Te To �R�"TeR ~ CITY OF ST. PAUL couNCi� N� ��,1 �1 OFFICE OF THE CITY CLERK FILE COUNCIL RESOLUTION—GENERAL FORM PRESENTED 8Y COMMISSIONER DATF -- Page 5. , ' New York� at the option of the holder� for the interest due that day on its Trunk Highway Bond� Series No. 4� dated July 1,•.1966i No. . . . . . . . . . . . . . , , . . . . . . . . . . . . . ... . . . . . . . . . . . . . . : . � � Mayor Attests . . . . . . . . . . . . . . . . . . . . . . . . . . . City Clerk . Countersigneds . . . . . . . . . . . . . . . . . . . . . . . . . . . . . � City Comptroller " and be it RESOLVED �TRTHER, That each said bond shall be� sealed by the facsimile of the Official Seal of' the City of Saint Paul li�hographed thereon� and sigaed� by the lithographed faca3mile signature of the M$yor� attested by the lithographed facsimile signature of the City Clerk� and countersi gned manually by the City Coinptroller� in accordance with Section 475•55, ��sot8 Statutes 1961 as amended� and the interest coupons thereto attached shal� be executed by the lithographed facsimile sig- natvres of said officers. � � ,{' � � � , 1� � . � . , � � ��u� 2 � � COUNCILMEN ' j Adopted by the Council I9— Yeas Nays Carlson i Dalglish ��I Approved `B�� 19— ,�� r ,� . Meredith ,�� In Favor Peterson ; � Mayor Tedesco � A gainst Mr. President, Byrne � + i' � ' �2a i � _ .►