225596 � .
ORIGIAAL TO CITY CLERK ��y-����
" � '' : CITY OF ST. PAUL FOENCIL N�. �z�%
' OFFICE OF THE CITY CLERK
� COUNCIL R OLUTION—GENERAL FORM
►RESENTED EY `�
COMMISSIONE / DATF
WHERE�S, it appears from tl�e reports of the Comptroller and
the Gommissioner of Finance, in the premises� and the Cou�cil of the
City of Saint Paul finds that it is r�ecessary to the preserving of
the Permanent Improvement Revolving Fund that the same be replenished
in the sum of �1,000,000 by the authorization therefor and the issuanee
and sale of bonds of the City of Saint Paul in the amount and par value
of $1,000,000 and the application of the proceeds thereof to the said
purposes, the preserving and replenishment of said Permanent Improvement
Revolving Fund, and that such should be done wit� all convenient speed;
therefore be it
RESOLVED� by the Council of the City of Saint Paul� that said
' City of Saint Paul issue and sell, and its proper City officers, in
� � its behalf, herebp are authorized and direeted to issue a.n.d se11 bonds
` ' of said City of Saint Paul, in the amount and par value of $1,000,000
' for the purpose of the proeurement of the requisite funds therefor and
the application of the same, the proceeds of such issuance and sale
of such bonds� to the preserving and replenishment of said Permanent
Improvement Revolving Fund of said City of Saint Paul; a.nd
RESOLVED FURTHER� that such hereby authorized bonds of said
City of Saint Paul in the aggregate amovn.t and par value of �1�000,000 :
be sold in the manner provided by 1aw� to be dated the first day of
the month in which the same shall be sold; that stzch bonds shall
bear a rate of interest not exceeding five per centum (5�) per annum,
payable semi-annually according to the coupons to be attached thereto;
' that such bonds shall be due and payable twenty (20) years after the
^ date of the same; that _none of said bonds__shall, run for a longer' ��`
period than twenty (20)� years; that none of said bonds shall be sold
� for less than par value and accrued interest� that said Cow�.cil shall�
� by its subsequent resolution or resolutions, fix the de�nomination,
� , form., and dates of maturity of said bonds and other essential charac-
,L teristics of the same, as required by applicable provisions of the
Q Home Rule Charter of the said City of Saint Paul and the Statutes
� of the State of Minnesota in such cases made and provided; and
�. I�k76Q��TED FURTHER� That the issuance and sale of said bonds �
1
for the aforesaid purposes and the provision therefor hereunder
COLJNCILIV�N Adopted by the Council 19—
Yeas Nays
� Dalglish
� Holland Approved 19—
f,�
Loss „
Tn FavOI'
Meredith
Pete rs on MAyOr
t A$f11I1St
Rosen
�
� ' Mr. President, Vavoulis
r • �
IOM G-64 r ' ",`-
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,. �� ���➢���
ORIGINAL TO CITY CLHWK �
' ,- T � CITY OF ST. PAUL F�ENC�� NO
� OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION—GENERAL FORM
�RESENTED RY
COMMISSIONEQ
DAT�
Page 2.
are authorized by the governing an.d applicable provisions of Sections
217 and 278 of the Home Rule Charter of said City and by the governing
and applicable provision of Chapter 475, Minnesota S.tatutes 1961�-
as amended, and accordingly the authorization therefor and the
issuance and sale of said bonds .hereunder shall be subject to all
of the aforesaid governir�g and applicable provisions of law; and be i�
RESOLVED FURTHER�,: that the terms� provisions and conditions of
this Resolution shall be in lieu of the terms, provisions and conditions
of the prior Resolution of this Coun.cil� Council File No. 225456, and
the action of this �Council as recited in said prior Resolution is hereby
:ratified and confirmed.
OCT 191965
COUNCILD�N Adopted by the Council 19_
Yeas Nays �
Dalglish 8CT 19 1965
Holland � Approved 19—
Loss
Tn Favor `
I�4�ith
Peterson � yOr
Rosen Aga�t �UBLIStIED OCT 2 0 ��
Mr. President, Vavoulis PUBLISHE� QC� 2� �y�
ions e-as
� . � � . (� ��
DUrLICAT[TO rRINT[R � J'�p�i.'�"l
CITY OF ST. PAUL couHCi� � ��� "`�;��
r p�� NO
OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION—GENERAL FORM
n��reu nr
COMMISSIONE� DATF
WHEREAS� it appears from the reports of the Comptroller and
the Commissioner of Finance� in the premises� and the Council of the
City of Saint Paul finds that it is necessary to the preserving of
the Permanent Improvement Revolving Fund that the same be replenished
in the sum of �$1,000�000 by the authorization therefor and the issuance
and sale of bonds of the City of Saint Paul in the amount and par value
of �1�000�000 and the application of the proceeds thereof to the said
purposes� the preserving and replenishment of said Permanent Improvement
Revolving Fund� and that such should be done with a11 convenient speed;
therefore be it
RESOLVED� by the Council of the City of Saint Paul� that said
City of Saint Paul �ssue and sell� and its proper City officers in
its behalf, hereby are authorized and directed to issue and sel�. bonds
of said City of Saint Paul� in the amount and par value of �1�000�000
for the purpose of the procurement of the requisite funds therefor and
the application of the same, the proceeds of such issuance and sale
of such bonds� to the preserving and replenishment of said Permanent
Improvement Revolving Fund of said City of Sain.t Paul; and
RESOLVED FURTHER� that such hereby authorized bonds of said
City of Saint Paul in the aggregate amount and par value of �1�000,000
be sold in. the manner provided by law� to be dated the first day of
the month in which the same shall be sold; that such bonds shall
bear a rate of interest not exceeding five per centum (5�) per anntmi,
payable semi-annually according to the coupons to be attached thereto;
that such bonds shall be due and payable twenty (20) years after the
date of the same; that none of said bonds sha11 run for a longer
period than twenty (20) years; that none of said bonds shall be sold
for less than par value and accrued interest; that said Council sha11�
by its subsequent resolution or resolutions� fix the denomination�
form� and dates of maturity of said bonds and other essential charac-
teristics of the same� as required by applicable provisions of the
Home Rule Charter of the said City of Saint Pau1 and the Statutes
of the State of Minnesota in such cases made and provided; and
R��O�,YED FURTHER� That the issuance and sale of said bonds
for the aforesaid purposes and the provision therefor hereunder
COUNCILI�N Adopted by the Council 19—
Yeas Nays
Dalglish
Holland APPro�� 19_
Loss Tn Favor
Meredith
Peterson �ByOr
A g8in8t
Rosen
Mr. President, Vavoulis
1oM E-62
\
'i . l� I
DU�LICAT[TO r111NT[R ��j����
� CITY OF ST. PAUL couKCa '
OFFICE OF THE CITY CLERK F�� NO
COUNCIL RESOLUTION—GENERAL FORM
IRESENTED tY
COMMISSIONE� DA� _
Pgge 2.
are authorized by the governing and applicabl.e provisions of Sections
217 and 2�8 of the Home Rule Charter of said City and by the governing
and applicable provision of Chapter 475� 2•iinnesota Statutes 1961�
as amended� and accordingly the suthorization therefor and the
issuance and sale of said bonds hereunder shall be sub�ect to all
of the aforesaid governing and appiicable provisions of law; and be i�
RESOLVED FURTHEF�, that the terms� provisions and conditions of
this Resolution shall be in lieu of the terms� provisions and conditions
of the prior Resolution of this Council� Council File No. 225456, and
the action of this Council as recited in said prior Resolution is her�by
:ratified and confirmed.
QCT 19196�
COUNCILI�N Adopted by the Councii 19_
Yeas Nays
Dalglish
OCT 19 19�5
Holland Approv� 19—
Loss Tn Favor
.Mercdirtr
Petersofl � �AyOr
A gainst
Rosen
Mr. President, Vavoulis
ions aas