207267i1, File No. 207267 — By Milton
�
ORIGINAL .T0 CITY CLERK � glen—
CITY OF ST. 11 a 12188 City bearing i ICI NO
i No 206780, duly enacted by its
FFICE OF THE CTt
'`,ez - ss , approved b be its a or,I i
CO IL RESOLUTION - cried the issuance and sale -bt
of bonds of said City, t
PRESENTED BY , :x'14 1Oato par value amAur f If
COMMISSIONERII _;,, +our Hu :redx
i
-WHEREAS, the City of Saint Paul,'by Ordinance
No. 12188, bearing Council File No. 206780, duly enacted
by its Council and approved by its Mayor, May 2, 19629
provided therefor and authorized the-issuance and sale
by said City, of bonds of said City, in the aggregate par
value amount of One Million Four'Hundred Eighty -five
Thousand Dollars ($1,485,000.00); authorized by Chapter
543, Session Laws of Minnesota for 1961, for the purpose
of the procurement by said City of Saint Paul of the neces -'
sary funds in the amount of One Million Four Hundred Eighty -
five Thousand Dollars ($1,485,000.00), for payment by said
City of Saint Paul of costs and expenses for the construc -I
tion by and within the said City of Saint Paul of Storm ;
Water Relief Sewers to provide- necessary .storm water
drainage for certain areas of said City of Saint Paul and
the contiguous City of West Saint Paul, under and pursuant to
that certain pertinent Agreement by and between the'said
City of Saint Paul and said City of West Saint Paul, au-
thorized by said Chapter 543, Session Laws of Minnesota for
1961, dated the 8th day of November, 1961, whereunder and I
whereby said City of Saint Paul agreed to undertake the
construction of such storm water relief sewers and to pay 1
the total cost therefor subject to reimbursement thereby,
provided to be made to said City of paint Paul by said,Cit
of West Saint Paul, for the proportionate share of such
total cost of such storm water relief sewers and the sub-
ject construction project embracing the same and thereby
allocated to and provided to be borne by said City of West
Saint Paul, all in accordance with the provisions, terms
and conditions of said Chapter 543, Session Laws of
Minnesota for 1961; -
*WHEREAS, Chapter 543, Session Laws of Minnesota,
for 1961, according to its pertinent terms, became operative
upon its approval by a majority vote of the City Council I
of the City of Saint Paul and by a majority vote of the City
Council of the City of West Saint Paul and upon due compliance
with all pertinent provisions of Statutes of the State of
� COUNCILMEN Adopted by the Council + 19—
Yeas Nays
DeCourcy
Holland Approved 19-
' Loss
Tn Favor
Mortinson
Peterson
Rosen gainst
Mr. President, Vavoulis
5M 6 {i1
Mayor
i
207267
Minnesota, in such cases made and provided, as evidenced by
the Resolution of the City Council of the City of Saint Paul,
Council File No. 202234, approving "the same, adopted and
approved the 19th day of May, 1961, and the Certificate of
the City Clerk, as the Chief Clerical Officer of the City o
Saint Paul, incorporating a certified copy of said Resolu-
tion, the Printer's Affidavit of its official publication
and all other requisite data'filed with the Secretary of State
on the 31st day of May, 1961, and as further evidenced by
Ordinance No. 558 of the City of West Saint Paul, approving
the same, adopted and approved July 26, 1961, and the Certi-
ficate of the City Clerk of the City of West Saint Paul, as
the Chief Clerical Officer of the City of West Saint Paul,
incorporating a certified copy of said Ordinance No: 558,
the Printer's Affidavit of its official publication, and all
other requisite data filed with the Secretary of State here!
tofore and in accordance with all provisions of the Statutes
of the State of Minnesota in such cases made and - provided; and
WHEREAS, said Chapter 543, Session Laws of Minnesota
for 1961, among other things, for'the purposes of expediting
and facilitating the construction, by said City,of Saint
Paul, of necessary'Storm Water Relief Sewers, within said
City of Saint Paul,- -to provide necessary storm water drainage
for said areas of said - "City -.of. Saint Paul and the eontiguou's
City of ,West Saint Paul_, authorizes an agreement by and
between said City of Saint Paul and said City of West Saint
Paul whereunder and whereby said City of Saint Paul shall
agree to undertake the construction of such Storm Water
Relief Sewers and to pay the total cost therefor, subject to
reimbursement to be made and thereby agreed to be made by said
City of West Saint Paul to said City of Saint Paul to the Ix_
tent of the proportionate share of said total cost of such
Storm Water Relief Sewer Construction Project thereby allocated
to and provided to be borne by said City of West Saint Paul;
and -V
WHEREAS, ,said City .of�Saint ,Paul and said ,City of
West Saint Paul, under and pursuant to said Chapter 543,
Session Laws of Minnesota for 1961, entered into that cer-
tain written agreement dated the 8th day of November 1961,
by and between them, whereunder and whereby said City of
Saint Paul did agree to undertake and complete said Storm
Water Re lief _Sewer Construction Project and to pay the total
cost of the same, subject to reimbursement to be made, dndl
thereby agreed to be made by said City of West Saint Paul I
to said City of Saint Paul on account and to the full extent
of the proportionate share of such Storm Water Relief Sewer
Construction Project total cost thereby allocated to and I
provided to be borne by said City of West Saint Paul thereby
fixed and limited to the equivalent of 31.1 per cent of said
total project cost up to but not in excess of $725,656.30;1
a fully executed counterpart of said Agreement by and between
said City of Saint Paul and said City of West Saint Paul,
- 3 -
dated as aforesaid the 8th day of November, 1961, being on
file in the office of the City Comptroller of said City of
Saint Paul, a duly certified copy of the same being filed
herewith in'the office of the City Clerk of said City and
by reference incorporated herein; and
WHEREAS, at this time, it is necessary_that
provision be made for the issuance -and, sale by-.'said
City of Saint Paul of its bonds authorized by said Chapter
543, Session Laws of Minnesota for 1961, in the par value
amount of Five Hundred Thousand Dollars ($500,000.00)9 for
the procurement by said City of necessary funds for payment
by said City on account of the costs and expenses incurred
by said City for and ita the construction._ by said City of
said Storm Water Relief Sewers, under and pursuant to said
agreement,'by and between said City and said City of West
Saint Paul, to provide necessary storm water drainage for
certain areas of said City of Saint Paul and said City of
West Saint Paul;
THEREFORE, BE IT RESOLVED, that the Council of
the City of Saint Paul issue and sell at this time, Five
Hundred Thousand Dollars ($500,000.001 par value in and of
said bonds; pursuant to and in accordance with said Ordinance_
..No. 206780, and said Chapter 543, Session Laws of Minnesota)
for 1961; that each of said bonds shall be in the denomina-
tion of a multiple of $1,000.00; that said bonds shall be in
the form of serial bonds; that the first installment of said
bonds shall mature not later than three (3) years from and
after the date of the same and the last installment of said
bonds shall mature not later_ than thirty (30) years from an
after the date of the'same; that said bonds shall bear datel
the first day of July, 1962; that no amount of principal ofl
said bonds payable in any calendar year shall exceed five (5)
times the amount of the smallest amount of principal maturing
in any calendar year ending three (3) years or more after the
date of issue of the same; and that'said bonds shall be, issued
and'sold by said City of Saint Paul, in the manner provided1by
law. That said bonds shall bear interest not in excess of six
per cent (6/) per annum payable semiannually according to in-
terest coupons_to be attached to the same; that said bonds ,'
shall be in the form prescribed by the Council of said City,
and approved by its Corporation Counsel; and that said bond's
shall bear such interest•,as said City Council shall prescribe,
and shall be sold by said City Council for not less than par
value plus accrued interest, to the highest bidder therefor!,
after two weeks' published notice of the time and place fori
receiviixg-bids thereon. That the proceeds from the issuance
and sale of said bonds, as received by said City, shall be
deposited'by it in the Sinking Fund of said City or in a
38 "-
Special Fund of said City designated as "Riverview Storm
Sewer Bond Fund No. 4600" and allocated thereto and subject
to disbursement only for the purposes aforesaid in payment
on-account of said City's costs and expenses incurred for
the construction of said Storm Water-Relief Sewer Project
undem and according to the provisions, terms and conditions
of said written agreement by and between said City and'said
City of West Saint Paul authorized by said Chapter 543,
Session Laws of Minnesota for 1961; that the principal Five
Hundred Thousand Dollars (500,000.00) par value of said bonds
shall mature serially commencing July 1, 1965, over said thirty
year period, in numerical order on July 1 in each of the years
and in the amounts as follows: I
� ♦ i
Date of
Maturity
July 1; 1965
July 1; 1966
July 1; 1967
July 1, 1968
July 1; 1969
July 1; 1970
July 1; 1971
July 1; 1972
July 1; 1973
July 19 1974
July 1, 197
July 1, 1976
July 1; 1977
July 1; 1978
July 1; 1979
July 1; 1980
July 1, 1981
July 1 ;;1982
July l ;'a 1983
� July 1; 1984
July 1;'.1985
July 1, 1986
July 1; 1987
` July 19•1988
July 1 ;'1989
July 1; 1990
July 1; 1991
July 1; 1992
d ,
- 4 -
Amount
10;000
10 ;000
10 ;000
10 ;000
10;000
10 ;000
10,000
15 ;000
15 ;000
15,000
15;000
15;000
15 ;000
15 ;000
20 ;000
20 ;000
20 ;000
20 ;000
20 ;000
20 ;000
i ! 20,000
25 -000
25 ;000
25 ;000
25 ;000
25 ;000
25 ;000
'1,5 ; 000
Total $5009.000
207267
RESOLVED FURTHER, That sealed .probosals be received
at the office of the City Comptroller in the Court House an
City Hall in'the Cit of Saint Paul, Minnesota, up to ten 1
o'clock A.M E�.S.T.� on July 17 - , 1962, for the sale
of all or -n ne of said bonds, after giving due notice of
such 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 I
accompany his bid by a certified or cashier's check for two
(2) per cent of the amount of the bonds bid for, which shall
be forfeited to the City as liquidated damages if the bonds
are not taken up and paid for when ready for delivery; ands
that the City Comptroller shall, at the next meeting afterl
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 ('s-17n (6%)) per annum.
,�Ik
r
- 5 -
RESOLVED FURTHER, That said City of Saint Paul
Bonds; in the amount of Five Hundred Thousand Dollars
($500,000:00) par value authorized and provided to be sold
hereunder; each in the denomination of a multiple of
519000.001 as aforesaid, shall be denominated City of
Saint Paul Riverview Storm Sewer Bonds, Series No. 1, and
shall be substantially in the following form, which has be
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 PAUL
RIVERVIEW STORM SEWER BONDS
SERIES NO. 1
No.
0
"KNOW ALL MEN BY THESE PRESENTS, that the City o
Saint Paul in the County of Ramsey and State of Minnesota,
acknowledges._Its.elf to owe and for valu r ceive,d hereby
promises to pay to bearer the sum of
Dollars ( ) on the first day f
lg , together with interest thereon rom the date6he of
until paid, at the rate of per cent per annu
payable semi = annually on the first days of January and Jul
in each year, as evidenced by and upon the presentation an
surrender of the annexed interest coupons as they severall
become due. Both principal and interest of ,this bond are
payable in lawful money of the United States of America at
the office "of the Commissioner-of Finance in the City of
Saint Paul,.or at the Fiscal Agent of the City of Saint Pa
in either Saint Paul, Minnesota,_or New York, New York, at
the option of the holder; and f or'the prompt payment of th
bond,, both principal and interest, at maturity, the faith
and credit of the City of Saint Paul are hereby irrevocabl
pledged.
"This bond is one of a series amounting in the
a gregate to the sum of Five Hundred Thousand Dollars
(500,000.00), issued by the City of Saint Paul for the
purpose of the procurement by said City of Saint Paul of
necessary funds for payment by said City of Saint Paul on
account of the costs and expenses incurred by said City o:
Saint Paul for and "in the construction by and within said
City of Saint Paul, of Storm Water Relief Sewers to provi(
necessary storm water drainage for certain areas of said
City of Saint Paul and the contiguous City of West Saint ]
1,
s
e
aul,
7
- 6 -
under and pursuant to that certain pertinent Agreement
by and between said City of Saint Paul. and 'said City of
West Saint Paul, authorized by Chapter 543, Session Laws
of Minnesota for 1961, whereunder and whereby said City
of Saint Paul agreed to undertake the construction of
such Storm Water Relief Sewers and to pay the total cost
therefor subject to reimbursement thereby provided to be
made to said City of Saint Paul by said City of West
Saint Paul_, for the proportionate share of the total cost
of such Storm Water_ Relief Sewers thereby allocated to
and provided to be borne by said City'of West Saint Paul,
all in accordance with the provisions, terms and conditions
of said Chapter 5Y3, Session Laws of Minnesota for 1961.
This bond is issued pursuant to Ordinance N6. 12188, enacted
by the Council of the City, and duly signed, attested, ap-
proved and, published in the manner required by 'the Charter
of said City, and authorized by said Chapter,5439 Session
Laws of Minnesota for 1961, also by Resolution of said
Council No. 207267, passed and approved May 17, 1962, 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,
and Chapter 475, Minnesota Statutes 1957, as anended.¢
_. 'if ' _ _ V Sti \:'e. T - yly.�ildh���• LLi.. . • • r h.+ .i .wY _ � _ � +.
{# 5 �' It is-hereby certified and recited that �all • �.
thin gs, acts and conditions required by the Constitution
and•-paws of the State 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 City,'in-
cluding this bond, does not exceed any constitutional,
statutonyy'or charter limitations.
"IN WITNESS WHEREOF, the said City of Saint
Paul, by its Council, has caused this bond to be sealed
by the facsLmile of its Official Seal lithographed thereon
to be'signed by the lithographed facsimile signature of
Mayor, attested by the lithographed facsimile signature o
its City Clerk, and countersigned manually by its Comptro
and each of the interest coupons hereto attached to be ex
cute by the lithographed facsimile signatures of said of
ficers, this first day of July, 1962.
Attest:
City Clerk
Countersigned:
1.
yor
ity Comptroller
rdbwj
&T-4
IP5�'
er,
{ ! ORIGINA�-Tb CITY ICLERK -
CITY OF ST. PAUL
OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION — GENERAL FORM
PRESENTED
COMMISSI
ti
-7-
"COUPON
No.
20
COUNCIL
FILE NO. -
Or
January
"On "thUVfirst day of July, 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 the interest due that day on its
Riverview Storm Sewer Bonds, Series No. 1, dated �� 1- ;
1962, No. .
Attest:
City Clerk
Countersigned: '
City Comptroller" }j
RESOLVED FURTHER, That each said bond shall be }
sealed by the facsimile of the Official Seal of the City ofj
Saint Paul lithographed Freon and signed by the lithographed
facsimile signature of Mayor, attested by the lithographed
facsimile signature of the City Clerk and countersigned manu-
ally by the City Comptroller in accordance "with Chapter 422,.
Minuesota'Laws of 1951, and Section 475.55,, Minnesota Statutes
Annotated, and the interest coupons thereto attached shallibe
executed by the lithographed facsimile signatures of said of-
ficers.
MAY 17 1962
COUNCILMEN Adopted by the Council { 19—
Yeas Nays
DeCourcy MAY 17 1964`
Approved 19
"r 4
LOSS � ` i
In Favor
Mortinson
�eersvrr -- Acting Mayor
Against
Rosen
Mr. Prec;�t_ Vaz:oulis 1��� fZ
� J�o
SM G-(il P-UBLISBM
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