Loading...
214704ORIGINAL TO CITY CLERK • I ' A`)OA PRESENTED BY COMMISSIONI CITY OF ST. PAUL P�L�DfILE NO. OFFICE OF THE CITY CLERK , a No. 214704 —By Janes J. U I R LUTION— GENERAL FORM ,Ush vi!ved By the Council of the City , nt Paul, that it satisfactorily DATE r.• -Xv. ;f;cm the pert inent rep of -lone* Finance "said A,dr of and f i r ' ,. t.' ` ae cash rin liaif = r ad,, PUBLISHED ,� RESOLVED, by the Council of the City of Saint Parj _ that it satisfactorily appears from the pertinent report of ' the Commissioner of Finance and said Council finds that the cash in said City's Treasury is and will be inadequate to meet the City's obligations for the current calendar year to the extent of Three Million Dollars, and that said City's share of the un- collected portion of the real estate and personal property t taxes levied for the current calendar year and to become j payable to said City for application to the payment of its said obligations for the current calendar year represent an ...r amount in excess of Three Million Dollars; that it is neces-2, sary for the meeting of said City's aforesaid obligations that its Sinking Fund Committee be and said Committee hereby is authorized, in behalf of said City, under and pursuant to Section 219 of said City's Home Rule Charter, to borrow the , sum of not to exceed Three Million Dollars and to execute < and deliver the notes of said City therefor in the aggregate ^t principal sum of not to exceed Three Million Dollars, payable within the current calendar year and within ninety days from the date of the same, with interest on said principal sum at a rate not to exceed 4% per annum, and to pledge the share of said City in the aforesaid uncollected portion of said real estate and personal property tax levies for the current calen- dar year; and RESOLVED FURTHER, that in event of such borrowing hereunder, the sum borrowed, not to exceed Three Million Dollars, shall be deposited in the City Treasury to supply said cash deficiency therein in respect of the funds available for the meeting of said City's obligations during the current calendar year, such cash deficiency being, as aforesaid, in the principal amount of Three Million Dollars, and that, to the extent of any such borrowing, hema.nder, on behalf of said City, for said purpose, said City's share of such uncollected real estate and personal property tax levies for the current year, shall be hereby deemed pledged to secure the repayment COUNCILMEN Yeas Nays Dalglish Holland Loss Mortinson Peterson Rosen Mr. President, Vavoulis 10AI 8-82 Tn Favor A gainst Adopted by the Council 19— Approved 19— Mayor ORIGINAL TO CITY CLERK f PRESENTED BY COMMISSIONER CITY OF ST. PAUL OFFICE OF THE CITY CLERK COUNCIL RESOLUTION - GENERAL FORM - 2 - COUNCIL NO. 2 ,14'x®4 FILE of the sum or sums borrowed as evidenced by the said City's note or notes, both principal and interest, which shall be executed and delivered hereunder, said City's share of such uncollected tax levies for the current year represent- ing an amount in excess of Three Million Dollars plus in- terest thereon at not to exceed 4% per annum which might accrue on any such authorized notes. COUNCILMEN Yeas Nays Dalghsh Holland Loss In Favor Mortinson Peterson Rosen A gainst Mr. President, Vavoulis I16Ti 6.62 SEP 17 1963 Adopted by the Council 19— 19— Mayor 4 DUPLICATE ` ;RINTER _ o CITY OF ST. PAUL COUNCIL NO. OFFICE OF THE CITY CLERK FILE COUNCIL RESOLUTION — GENERAL FORM PRESENTED BY COMMISSIONER DATA__ RESOLVED, by the Council of the City of Saint Paul, that it satisfactorily appears from the pertinent report of the Commissioner of Finance and said Council finds that the cash in said City's Treasury is and will be inadequate to meet the City's obligations for the current calendar year to the extent of Three Million Dollars, and that said City's share of the un- collected portion of the real estate and personal property taxes levied for the current calendar year and to become payable to said City for application to the payment of its said obligations for the current calendar year represent an amount in excess of Three Million Dollars; that it is neces- sary for the meeting of said City's aforesaid obligations that its Sinking Fund Committee be and said Committee hereby is authorized, in behalf of said City, under and pursuant to Section 219 of said City's Home Rule Charter, to borrow the sum of not to exceed Three Million Dollars and to execute and deliver the notes of said City therefor in the aggregate principal sum of not to exceed Three Million Dollars, payable within the current calendar year and within ninety days from the date of the same, with interest on said principal sum at a rate not to exceed 4% per annum, and to pledge the share of said City in the aforesaid uncollected portion of said real estate and personal property tax levies for the current calen- dar year; and RESOLVED FURTHER, that in event of such borrowing hereunder, the sum borrowed, not to exceed Three Million Dollars, shall be deposited in the City Treasury to supply said cash deficiency therein in respect of the funds available for the meeting of said City's obligations during the current calendar year, such cash deficiency being, as aforesaid, in the principal amount of Three Million Dollars, and that, to the extent of any such borrowing, hereunder, on behalf of said City, for said- purpose, said City's share of such uncollected real estate and personal property tax levies for the current year, shall be hereby deemed pledged to secure the repayment COUNCILMEN eas Nays Dalglish Holland Loss Mortinson Peterson Rosen Mr President, Vavoulis ions 6-sz In Favor Against SEP 17 1963 Adopted by the Council 19— 0 L r 11 19 Approved 19— Mayor x i DUPLICATE . IRINTER PRESENTED BY COMMISSIONI . CITY OF ST. PAUL OFFICE OF THE CITY CLERK COUNCIL RESOLUTION — GENERAL FORM - 2 - COUNCIL NO. 214704 FILE of the sum or sums borrowed as evidenced by the said City's note or notes, both principal and interest, which shall be executed and delivered hereunder, said City's share of such uncollected tax levies for the current year represent- ing an amount in excess of Three Million Dollars plus in- terest thereon at not to exceed 4% per annum which might accrue on any such authorized notes. COUNCILMEN eas Nays Dalglish Holland Loss Mortinson Peterson Rosen c. President, Vavoulis 6-62 Tn Favor Against Adopted by the Council 19— Approved 19— Mayor a r•