Loading...
219516► ORIGINAL TO CITY CLERK _; .• CITY F ST. P ' � �' G �' COUNCIL 219516 OFFICE F T FILE _ NO : _ �uncil Flle No. 219516 —By James J. OUN RES GEY9RAL FORM 'r °waERsEAS. By Ordinance No. 1157,,' Opted ?y the Council and appr'o . ,z h� 4jdayor October 1, 1959, i? PRESENTED BY -'if- electors of the Clo" COMMISMONE DA oan�clect eld N -'-" i rd REASV By Ordinance No. 11575, adopted by the Council and appro by the Mayor October 1, 1959, and ratified by the electors of the City of Saint Paul at an election held November 3, 1959,1the Council of the City of Saint Paul was authorized to issue,and sell the negotiable bonds of the City of Saint Paul of the par value of Twenty -three Million Five Hundred Thousand Dollars ($23,500,000.00) for the following purposes: For the purpose of acquiring school sites and grounds, and constructing and equipping of new school build- ings and additions to existing school buildings, and for the purpose of the reconstruction, repair, better- ment, remodeling and equipp dgtof existing school buildings; WHEREAS, Heretofore said City, for the aforesaid purposes, issued and sold such authorized bonds aggregating in par value amount Fourteen Million Nine Hundred Sixty Thousand Dollars ($14,960,000.00) and no more; and WHEREAS, It is necessary t this time that an additional Four Million Four Hundred Thousand Dollars ($4,400,000.00), par value amount, of such authorized bonds be issued and sold by said City for the-purpose of its acquisition of additional funds necessary for its accomplishment of several essential parts of the several improvement purposes for which such bonds, as_ aforesaid, were authorized to be issued-and sold, to- wit:'', For the purpose of acquiring school sites and grounds, and constructing and equipping of new school buildings and additions to existing school buildings and for the purpose of the reconstruction, repair, betterment, remodeling and equipping of existing school buildings; therefore, be it RESOLVED, That the issue and sell at this time. Dollars ($4,400,000.00) par COUNCILMEN Council' of the City of Saint Paul .such Four Million Four Hundred Thousand value bonds authorized by said Adopted by the Council 19— Yeas Nays Dalglish Holland Loss. Tn ifty r Meredith t Peterson f r � A gaifis t Rosen Mr. President, Vavoulis' ' 10M 6.62 r i Approved 19- i Mayor a o r` 21.9516 Page 2. Ordinance No. 11575, to be denominated "City of Saint Paul School Improvement Bonds, Series 1964 E"; be it FURTHER RESOLVED, That such bonds authorized by said Ordinance No. 11575, hereby provided and directed to be issued and sold in the par value amount of Four Million Four Hundred Thousand Dollars ($4,400,000.00), shall be issued and sold/ in the manner required by law, and that each of said bond=s shall be in the denomination of $1,000.00 or a multiple,of $1,000.00, dated October 1, 1964, and bear interest at a rate not in excess of 6% per annum payable semiannually on April 1 and October 1, according to the coupons to be attached to said bonds; that said bonds shall be serial in form, and a portion, thereof shall be payable each year commencing October 1-)- 1967, but none of said bonds shall run for a longer period than thirty (30) years; and be it FURTHER RESOLVED, That said Four Million Four Hundred Thousand Dollars ($4,400,000.00) par value bonds to be issued and sold for such improvement purposes and to be denominated as aforesaid, "City of Saint Paul School Improvement Bonds, Series 1964 Ell, shall mature serially commencing October 1, 1967, over said thirty -year period on the following dates and in the following amounts: Date of Maturity 1967 1968 1969 1970 1971 1972 1973 1974 1975 1976 1977 1978 1979 1980 1981 1982 1983 1984 1985 Amount $701000.00" 70,000.00+ 70,000.00 90,000.00 90,000.00 110, 000.00, 110,000.00 1301000.00• 1301000.00, 1301000.00' 1501000.00• 1501000.00' 1501000.00' 1501000.00• 170,000.00, 1701000.00` 170,000.00 170,000.00 200, 000;.:00 f 29516 Page 3. 1986 2007000.00 , 1987 200, 00000 - 1988 200,000.00. 1989 220,000.00- 1990 220,000.00- 1991 220,000.00- 1992 2201000.00• 1993 2201000.00- 1994 220:000.00 TOTAL 941400,000.00 That said Four Million Four Hundred Thousand Dollars ($4,400,000..00) par value bonds to be issued for school improvements shall be in the following form, which has been prepared by the Sinking Fund ,Committee and approved by the Corporation Counsel cif' the City of Saint Paul and is hereby approved and adopted: "UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF RAMSEY CITY OF SAINT PAUL SCHOOL IMPROVEMENT BOND SERIES 1964 E No. . KNOW ALL MEN BY THESE PRESENTS, that the.CitY of Saint Paul, in the County of Ramsey and State of Minnesota, acknowledges itself to owe and for value received hereby promises to pay to Bearer the sum of Dollars ($ ) on the first day of October, 19 , together with interest thereon from the date hereof until paid at the rate - of per cent per annum, payable semi- annually on the first days of April and October 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 money of the United States of America: -at the office of the Commis- sioner of Finance in the City of Saint Paul, or at the Fiscal Agent of the City of Saint 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 irrevocably pledged. b 219516 Page 4. This bond is one of a series amounting in the aggregate to the sum of Four Million Four Hundred Thousand Dollars ($4,400,000.00), issued by said City for the purpose of paying the cost of school improvements authorized by Ordinance No. 11575, passed by the Council of said City and duly signed, attested, approved and published in the manner, required by the Charter of said City, and approved by the electors of said City of Saint Paul at the election held November 3, 1959, and under the authority of and -in all respects in full compliance with Section 217 of the Charter of said City of Saint Paul, and such other sections thereof as may be applicable thereto, and Chapter 475, Minnesota Statutes 1961, as amended, and said Council's Resolution Council File No. 219516 , adopted and approved august 6 , 1964. It is hereby certified and recited that all things, acts and conditions required by the Con- stitution and Laws of the State of Minnesota and the Charter of said City to happen and be done and.per- formed precedent to and in the issuance of this bond, have happened and been done and performed in regular an4 due -form. and time as required by law-'arid that the total indebtedness of said City, including this bond, does not exceed any constitutional, statutory or charter limitations. IN WITNESS WHEREOF, the said City of Saint Paul, 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 lithographed facsimile signature of its City Clerk, and counter- signed manually by its Comptroller, and each of the interest coupons hereto attached to be executed by the lithographed facsimile signatures of said officers, this first day of October, 1964. Mayor Attest: City Clerk Countersigned: City Comptroller 219516 Page 5. "COUPON No. April On the first day of October, 19 , the City of Saint Paul, Minnesota, promises to pay to bearer Dollars ( ) at the office of'the Commissioner of Finance, in the City of Saint Paul, or at the Fiscal Agent of the City of Saint Paul, in either Saint Paul, Minnesota, or New York, New York, at.the option of the holder, for interest due that day its School'Improvement BondF, Series 1964 E, dated October 1, 1964, No. Mayor Attest: City Clerk Countersigned: c ,49ityComptroller" and be.it FURTHER RESOLVED, 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 countersigned manually by the City Comp'troller,fn accordance with Chapter 422, Laws of Minnesota 1951, and Section 475.55, Minnesota Statutes Annotated, and the interest coupons thereto attached shall be executed by the lithographed facsimile signatures of said officers, and FURTHER RESOLVED, That sealed proposals be received in the office of the City Comptroller in the Court House and City Hall Building in the City of Saint Paul, Minnesota, up to ten o'clock a.m. (C.S.T.) October 6, 1964, 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 St. 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 cent of the amount of bonds bid for, which will be forfeited to the City as liquidated damages if the bonds are not taken and f r } . ORIGINAL TO CITY CLERK 21_ CITY OF ST. PAUL COUNCIL NO OFFICE OF THE CITY CLERK COUNCIL RESOLUTION - GENERAL FORM t PRESENTED BY COMMISSIONED DATE Page 6. paid for when ready for delivery; that the City Comptroller shall, at the next meeting after receiving said bids, present the same to the Sinking Fund Committee and the Council for their action thereon; and that said bonds shall be offered to the person who will pay par or better therefor, at the lowest rate of interest, not exceeding six (6) per cent per annum. COUNCILMEN Yeas Nays Dalglish Holland Loss Meredith Peterson Rosen Mr. President, Vavoulis 10M 6.62 Tn Favor Against AUG 6 1964 Adopted by the Counc* 19— AN 6 I p roved 19— Mayor DUPLiCAT[ TO M11NT[R ���� CITY OF ST. PAUL COUNCIL NO OFFICE OF THE CITY CLERK FILE COUNCIL RESOLUTION — GENERAL FORM FRESMnD BY COMMISSIONER DwTF WHEREAS, By Ordinance No. 11575, adopted by the Council and approved by the Mayor October 1, 1959, andiatified by the electors of the City of Saint Paul at an election held November 3, 1959, the Council of the City of Saint Paul was authorized to issue and sell the negotiable bonds of the City of Saint Paul of the par value of Twenty -three Million Five Hundred Thousand Dollars ($23,500,000.00) for the following puixposes: For the purpose of acquiring school sites and grounds, and constructing and equipping of new school build- ings and additions to existing school buildings, and for the purpose of the reconstruction, repair, better- ment remodeling and equipping of existing school buildings; WHEREAS, Heretofore said City, for the aforesaid purposes, issued and sold such authorized bonds aggregating in par value amount Fourteen Million Nine Hundred Sixty Thousand Dollars ($14,960,000.00) and no more; and WHEREAS, It is necessary t this time that an additional Four Million Four Hundred Thousand Dollars ($4,400,000.00), par value amount, of such authorized bonds be issued and sold by said City for the purpose of its acquisition of additional funds necessary for its accomplishment of several essential parts of the several improvement purposes for which such bonds, as aforesaid, were authorized to be issued and sold, to -wits' For the purpose of acquiring school sites and grounds, and constructing and equipping of new school buildings and additions to existing school buildings and for the purpose of the reconstruction, repair, betterment remodeling and equipping of existing school buildings; therefore, be it RESOLVED, That the Council of the City of Saint Paul issue and sell at this time uch Four Million Four Hundred Thousand Dollars ($4,400,000.00) par alue bonds authorized by said COUNCILMEN Adopted by the Council 19— Yeas Nays Dalglish Holland Approved 19— Loss rn Favor Meredith Peterson Rosen Mr. President, Vavoulis 10M sus Against Mayor 'A 219516 Page 2. Ordinance go. 11575 to be denominated "City of Saint Paul School Improvement bonds, Series 1964'9";- be it FURTM RESOLVED, That such bonds authorized by said Qrdinance go. 11575,, hereby provided and directed to,bO issued and sold in the par Value amount of Four Million Four-IlUndrdd 'Thousand Dollars (849400,000.00), shall be issued end..,�iold 'in the manner required by law, and that each of said 06hda shall be in the denomination of $1,000.60 or a multiple of $j-,t000.00j dated October 10 196 and bear interest at..a rate no in excess of 6% per annum payable semithni)allr on "April I e,00upons, to,be, at said and October 1- according to th' attached Sa bonds; that said bonds shall be serial ij2 form and-a,,�ortion thereof .,shall be payable each year commencing 6ctober,J ; 1967, but none of said bonds shall run for a longer pertbd'4an thirty years; and be ,it FURTHER RESOWED That said Four Millio- -Foo Hundred Tho'usand,Dollars (04,0460,060.00 par value bonds td,beIssued And sold for 'such imprbvemat purposes and to 'be denominiated as aforesaid "City of Saint Paul S6hool Improvement Bonds$ ..,Series 19 ti shall mature serially commencing Oct6bO.r 10 19670 's a - `� in the over - aid thirty -yeas period on following dates,:, i�bdl fo llowing amounts 77 Date of,, -.Maturity Amount 196 X700000:00 196� 701000i.00 1969 70000,00• 1970 90,000.00.: 1971 900000.00 1972 110,000400 1973 1102000400 1974 1309000400 1 f7 K 9r., 1309000#00 1976 130,000i00 1977 150$000,00L. "-78 1509,000-0001, 1979 150,000.00— 0^ 1900 150,000,00 1981 170,s000ioo 0^ 19022 170000400 15183 170$000400 1984 170,000.00 1.985 200;000:00 "Yr 219516 i Page 3. 1986 2001000.00 1987 2009 00000 1988 20 0,000.00 1989 2201000.00 1990 2201000.00 1991 2201000.00 1992 2201000.00 19993 2201000.00 4 220 000.00 TOTAL 84-14001000.00 That said Four Million Four Hundred Thousand Dollars ($4,400,000.:00) par value bonds to be issued for s:chmol improvements shall be in the following form, which has been prepared by the Sinking Fund Committee and approved by the Corporation Counsel of the City of Saint Paul and is hereby approved and adopted: "UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF RAMSEY CITY OF SAINT PAUL SCHOOL IMPROVEMENT BOND SERIES 1964 E No. $ KNOW ALL MEN BY THESE PRESENTS, that the City of Saint Paul, in the County of Ramsey and State of Minnesota, acknowledges itself to owe and for value received hereby promise's to pay to Bearer the sum of _ Dollars ($ ) on the first day of October, 19 , together with interest thereon from the date hereof until paid at the rate of per cent per annum, payable semi- annually on the first days of April and October 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 money of the United States of America.-,.at the office of the Commis- sioner of Finance in the City of Saint Paul, or at the Fiscal Agent of the City of Saint 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 irrevocably pledged. 219516 Page 4. This bond is one of a series amounting in the aggregate to the sum of Four Million Four Hundred Thousand Dollars ($4,400,000.00), issued by said City for the purpose of paying the cost of school improvements authorized by Ordinance No. 11575, passed by the Council of said City and duly signed, attested, approved and published in the manner required by the Charter of said City, and approved by the electors of said City of Saint Paul at the election held November 3, 1959, and under the authority of and in all respects in full compliance with Section 217 of the Charter of said City of Saint Paul, and such other sections thereof as may be applicable thereto, and Chapter 475, Minnesota Statutes 1961, as amended, and said Council's Resolution, Council File No. 219516 , adopted and approved August_, 1964. It is hereby certified and recited that all things, acts and conditions required by the Con- stitution and Laws of the State of Minnesota and the Charter of said City to happen and be done and per- formed precedent to and in the issuance of this bond, have happened and been done and performed in regular and due form and time as required by law and that the total indebtedness of said City, including this bond, does not exceed any constitutional, statutory or charter limitations. IN WITNESS WHEREOF, the said City of Saint Paul, by its Council has caused this bond to be sealed by the facsimile of its Official Seal, lithographed thereon, to be signed by the lithographed facsimile signature of its Mayor, attested by the lithographed facsimile signature of its City Clerk, and counter- signed manually by its Comptroller, and each of the interest coupons hereto attached to be executed by the lithographed facsimile signatures of said officers, this first day of October, 1964. Attest: Mayor City Clerk Countersigned: City Comptroller No. On of Saint Page 5. "COUPON El 21.9516 April the first day of October, 19 , the City Paul, Minnesota, promises to pay to bearer Dollars ($ ) at the office of'the Commissioner of Finance, in the City of Saint Paul, or at the Fiscal Agent of the City of Saint Paul, in either Saint Paul, Minnesota, or New York, New York, at the option of the holder, for interest due that day o$ its School'Improvement Bond,$, Series 1964 E, dated October 1, 1964, No. Mayor Attest: City Clerk Countersigned: City Comptroller" and be it FURTHER RESOLVED, 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 countersigned manually by the City Comptroller,jtn accordance with Chapter 422, Laws of Minnesota 1951, and Section 475.55, Minnesota Statutes Annotated, and the interest coupons thereto attached shall be executed by the lithographed facsimile signatures of said officers, and FURTHER RESOLVED, That sealed proposals be received in the office of •the City Comptroller in the Court House and City Hall Buildin in the City of Saint Paul, Minnesota, up to ten o'clock a.m. C.S.T.) October 6, 1964, 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 St. 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 cent of the amount of bonds bid for, which will be forfeited to the City as liquidated damages if the bonds are not taken and DUrLICAT[ TO MINT[R ��_���� CITY OF ST. PAUL COUNCIL OFFICE OF THE CITY CLERK FILE NO. COUNCIL RESOLUTION -- GENERAL FORM PRESENTED BY COMMISSIONER DATE Page 6. paid for when ready for delivery; that the City Comptroller shall, at the next meeting after receiving said bidst present the same to the Sinking Fund Committee and the Council for their action thereon; and that said bonds shall be offered to the person who will pay par or better therefor, at the lowest rate of interests not exceeding six (6) per cent per annum. COUNCILMEN Yeas Nays Dalglish Holland Loss Meredith Peterson Rosen Mr. President, Vavoulis 1ou 6-02 Adopted by the Counc"i l 6 1954 19— AUfLI 19 Approves 19— in Favor Mayor Against