215598cj
ORIQINAL TO CITY ,CLERK • `
CITY OF ST. PAUL
OFFICE OF THE CITY CLERK
pUgLIg ��; ` COUNCIL RESOLUTION - GENERAL FORM
PRESENTED I
COMMISSIO
`
li��
FILE '5
COUNCIL NO.
,"Ir 1 1983, authorize the issuance
sale by said City of Saint Paul of
x1,000 par value of the bonds of
L City authorized to be issued and
by said City under and by virturl
apter 938, Session Laws of Mi~3-
u 1! 57 for the procure Ltj,
- s :. tdditio,30 fl,-
WHEREAS, the Council of the City of Saint Paul,
pursuant to the provisions of Ordinance No. 11555, adopted
by the Council and approved by the Mayor September 10, 1959;
did, by Resolution C. F. No. 215226, approved October 24,
1963, authorize the issuance and sale by said City of Saint
Paul of:;;$2,000,000 par value of the bonds of said City au-
thorized to be issued and sold by said City under and by
virtue of Chapter 938, Session Laws of Minnesota for 1957,
for the procurement by said City of additional funds in
the sum of $2,000,000 necessary for payment on account
of said City's share of the cost and expense of the ac-
quisition of the land for and the erecting, equipping, and
furnishing of a Joint City and County Public Hospital, and
a Joint City and County Nurses' Home thereunder, in accord -
ance-with the provisions, terms, and conditions of said
Chapter 938, Session Laws of Minnesota for 1957, said bonds
being designated as "City of Saint Paul Joint Hospital
Facilities Bonds, Series No. 4"; and
WHEREAS, Chapter 4.75, Minnesota Statutes 1961,
as amended, provides that the governing body of any muni-
cipality issuing general obligations shall, prior to the
delivery of the'obligations, levy by resolution a direct
general ad valorem tax upon all taxable property in the
municipality, to be spread upon the tax rolls for each
year of the term of the obligations, and said law also
provides that the tax levies for all years shall be speci-
fied and such that if collected in full they, together
with estimated collections of special assessments and other
revenues pledged for the payment of said obligations, will
produce at least five per cent (5 %) in excess of the amounts
COUNCILMEN
Yeas Nays
Dalglish
Holland
Loss
Mortinson
Peterson
Rosen
Mr. President, Vavoulis
10114 8-82
In Favor
Against
Adopted by the Council 19—
Approved 19—
Mayor
�ti
e,
- 2 - I..
215598
needed to meet, when due, the principal and interest pay-
ments on the obligations, and said law further provides
that said resolution shall create a separate sinking fund
or a special account in the municipality's regular sinking
fund, for each issue of obligations, and shall irrevocably
appropriate the taxes so levied and any special assessments
or other revenue so pledged to that fund or account; now
therefore, be it
RESOLVED, That for the purpose of providng for
the payment of the principal and interest upon the said
$290009000 in bonds so issued and sold when and as the same
mature, and for an additional direct tax in an amount not
less than 5% in excess of the sum required to pay such
principal and interest when the same mature, there is hereby
levied on all of the taxable property in the City of Saint
Paul, in addition to all other taxes, a tax for the payment
of said $2,000,000 of bonds, the following direct annual
irrevocable taxes, to -wit:
- 3 -
TAX REQUIRED BY
CHAPTER 475, LAWS
OF MINNESOTA 1957,
AS AMENDED IN EXCESS
BUDGET TAX FOR TAX FOR OF TOTAL
YEAR PRINCIPAL INTEREST PRINCIPAL AND INTEREST TAX
1964
66,,000.00
32300.00
69,300.00
1965
66, 000.00
3, 300..00
69, 30000
1966
403,000.00
66000.00
5,300.00
111000.00
1967
40,000,00
64,,680.00
5,234.00
109,914.00
1968
40,000.00
63 360.00
5,168.00
1082528.00
1969
50,000.00
.62,040.00'
5,602.00
117,642.00
1970
50,000.00,
60,390.00'
5,519.50
115,909.50
1971
50,000.00
58,740.00
5,437.00
114,177.00
1972
50,000.00
57,090.00•
5,354.50
112y444.50
1973
60,000.00
55,440.00
5,772.00
121,212.00
1974
60,000.00
53,460.00
5,673.00
1190133.00•
1975
60,000.00
51,480.00,
5,574.00
117,054.00
1976
60,000.00
49,500.00
5,475.00
114,975.00
1977
6031000.00
47,520.00
50376.00
112,896.00,
1978
60,000.00
45,540.00.
5,277.00
110,817.00.
1979
60,000.00
43,560.00
5,178.00,
108,738.00
1980
80,000.00
413,580.00
6,079.00'
127 0659.00
1981
80,000.00
38,940.00
5,947.00
124,887.00
1982
801000.00
361,300.00
5,815.00
122,115.00
1983
80,000..00
334660.00
5,683.00
119,343.00
1984
80,000.00
31,020.00
52551,00
116,57 1.00
1985
80. 00,0,0.0_^
_ : 28,38Q.0.0 -,�.:; _� .�
�; 5- ;419_:00 +- --:- --
113 799.00
1986
" 80,000..00 "" ` �` 25,.740.0'0' S �' �'
- 5,287`:00 -
111;027.00
1987
100,000.00.,
23,.100.00
611155.00
129,255.00
,1988.
1001000.00
19,800.00 •
5,990.00
125,790.00
1989
100,000.00
16,500.00
5,825.00
122,325.00
1990
100,000.00
13,200.00
51660.00
118,860.00,
1991,
100,000.00
9,900.00•
5,495.00
115,395.00
1992
100,000.00
62600.00
5,330.00
111,,930!00.
1993
100,000.00
31300.00
5,165.00.
108,465.00
2,000,000.00
1,238,.820.00
161,941.00
3,.400,761.00
- 4 -
be it
21_5 r--
FURTHER RESOLVED, That in the event any principal
and interest come due prior to the receipt of the proceeds
ft-u—e- or- o e rece p - e_.proc of said taxes,
i e paid promptly when due, out of the general fund
of the said City, of Saint Paul, and reimbursement therefor
shall be made when said taxes shall have been received; be
it
FURTHER RESOLVED, That there shall be created a
separate sinking fund, or a special account in the sinking
fund, for said obligations and that the taxes received for
the payment thereof are hereby irrevocably appropriated to
said account, and that the City Clerk be and is hereby in-
structed to file in the office of the County Auditor of Ramsey
County a certified copy of this Resolution, together with
full information regarding the bonds for which this tax is
levied, and the City Clerk is hereby ordered and directed to
secure from the County Auditor a certificate that he has en-
tered the obligations in the tax register as required under
the provisions of Chapter 475, Minnesota Statutes 1961, as
amended, and that the tax levy required for the-purpose has
been made; be it
FURTHER RESOLVED, That before the said bonds shall
be delivered to the purchaser, the Council of the City of
Saint Paul shall obtain from the County Auditor and deliver
to the purchaser a certificate of the County Auditor that
the issue has been entered on his register and that a tax
has been levied as required by law, in accordance with the
provisions of Chapter 475, Minnesota Statutes 1961, as
amended; be it
FURTHER RESOLVED, That such taxes shall be col-
lected and payment thereof enforced at the same time and
with and in like manner as other taxes of the City of Saint
Paul, and when collected shall be used solely for paying',
the interest and principal of said bonds when and as the
same shall mature; and be it
% ORIGI14AL TO CITY-CLERK '
CITY OF ST. PAUL O NCIL NO. ►
OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION - GENERAL FORM
PRESENTED BY
COMMISSIONER DATE _
_5_ I
FURTHER RESOLVED, That in compliance with and
for the purposes specified by the pertinent provisions—
of said Chapter 475, Minnesota Statutes 1961, as amended,
said special sinking fund in the nature of a special
account in the regular Sinking Fund of said City of Saint
Paul, hereby-is created.
COUNCILMEN
Yeas Nays
Holland
Loss
Mortinson
Peterson
Rosen
Mr. President, Vavoulis
10x1 8-82
Tn Favor
Against
,NOV 2t 1961
Adopted by the Council_ 19—
NOV 26
�% Approved 19—
November 29, 1963
The First National Bank of CYAcago and Associates
38 S- Dearborn St. ,
Chicago 90, Illinois
Gentlemen: A t ti we P. 13 Bergquist, Vice President '
Enclosed are certificates of Eugene A. kj ey County Auditor, �
to the effect that he has levied taxes to a for the payment of = �
principal and interest on the, e i the certificates.
ery trul,y youraij,
City Clerk
z
z1� �
STATE OF MINNESOTA ) CERTIFICATION AS TO TAX LEVY
(SS AND REGISTRY OF BONDS UPON
COUNTY OF RAMSEY ) COUNTY AUDITOR *S BOND REGISTER
I. the undersigned, being the duly qualified and acting County
Auditor, of Ramsey County, do hereby certify that there was filed in
my office on the 27th day of November, 19639 a certified copy of Council
File No. 215598 adopted November 269 19639 by the City Council of the
City of Saint Paul levying taxes for $2,000,000.00 City of Saint Paul
Joint Hospital Facilities Bonds, Series No. 49 dated November 19 19639
as the same fall due and to pay and discharge the principal and interest
thereof at maturity.
It is further certified that pursuant to Section 475.63 Minnesota
Statutes Annotated that said bond issue has been entered and registered
upon the County Auditor *s bond register File no. 432 and that such tax
for the payment thereof has been levied as required by law.
WITNESS, my hand and official seal this 27th day of November, 1963.
Entered in Bond Register this
27th day of November, 1963
E E A. MONICK, County Auditor
rILEU "
'63 14OV 29 An
C 17Y c ;. ai�if �r,,�u
INSTRUCTIONS TO DELIVERING EMPLOYEE
❑Deliver ONLY to Show address where
addressee delivered
(Additional charges required for these services)
RECEIPT
Received the numbered article described on other side.
SIGNATURE OR NAME OF ADDRESSEE (must always be filled in)
C «rLs
SIGNATURE OF ADDRESSEE'S AGENT, IF ANY
THE FIRST NATIONAL .BANK
Q6 CHICAGO
DATE DELIVERED SHOW WjJE9 DELIVERED (only if requested)
63..
C55— I6- 71546 -5 —F GPO
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