200498ORIGINAL TO CITY CLERK
CITY OF ST. PAUL COUNCIL
E I NO. 200498
OFFICE OF THE CITY CLERK
~ COUNCIL RESOLUTION— GENERAL FORM
PRESENTED BY /
COMMISSIONER DATE
RESOLVED, That the Common Council of the City of Saint
Paul hereby approves:
1"A.BILL FOR AN ACT RELATING TO THE ISSUANCE OF
BONDS BY PORT AUTHORITIES IN CITIES OF,THE FIRST
CLASS ;'AMENDING MINNESOTA STATUTES 1957, SECTION
458.194, SUBDIVISIONS 2, 4, AND 5, AS AMENDED;
AMENDING MINNESOTA'STATUTES 1957, SECTION 458.195,
BY ADDING A SUBDIVISION THERETO, AND REPEALING
MINNESOTA STATUTES 1957, SECTION 458.194, SUB-
' DIVISION 7."
and recommends the same to the Ramsey County Senate and House
delegations.
it
COUNCILMEN
Yeas Nays
DeCourcy r
Rolland
Loss
Mortinson
Peterson
Rosen
Mr. President, Vavoulis
EM 5.6o aQN. 2
l
Council File No. 200498 —By George J.
Vavoulis, mayor —
Resolved, That the Common' Council,
of the City of Saint Paul hereby ap -'
roves:
"A BILL FOR AN ACT RELATING'
TO THE ISSUANCE OF BONDS BYj
PORT AUTHORITIES IN CITIES OF
THE FIRST CLASS: AMRNnTN63I '
DIVION THERETO, AND REPEAL-
ING MINNESOTA STATUTES 1937,j
SECTION 458.194, SUBDIVISION 7.
and recommends the same to the;
Ramsey County Senate and House
delegations.
Adopted by the Council January 20j
1961.
Approved January 20, 1961.
(January 28, 1961)
r
Adopted by the Council JAN 2 0 1969 19—
JAN 2 01961
Approved 19-
n Favor
n- Mayor
�LAgainst y
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to Am** icoun -COA4, t*l 044 Rouse
4y
`_ JAN 2 0 191.
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dstmainsd by it to M 02528SAU er desirable for the '
p ew of carrying out the powers emd authority; given
e;
• ,r
the pert authority under this seetien od•N�o- eei- lor�tiro" •";`,`~
leswnso -e! end assurim the am& Via_ ;. 4�: 7
sarketabilitr of j,tl revenue bonds.
Sea. S. Minnesota Statutes 1957v a action 4560-1%.
`et
Subdivision Ss as amended by Lug 19%9. Chapter 447.
Section 49 is amended to rsadt
Subd. S. In the issuance of the revenue bonds 4oritw ;..
"�a
pr oc1dods the port shall have the Pr and .
putherity to secure the parent of the principal and x '
interest on said revenue boaia by a pledge of amO Us*
the revenues of such part authority derived from. a
ioMole *•fNS- or- giber- lswwwo -od the facility and
lrprevweMe to be acquired jew aetrtsrstN. mr - i�rdr �s
tkS wag ,of thf orecesds of the bomdag and facet any otter; ;
facilities _des,tnatsd is the resolIftiow autheri:,im. Gush
and the covenant of the pert authority to Man"
maiatainA,,and collect suff icLent rellals, rates and shiSjos; }
fit all Meg and ..49SMM d _GHAh fallUties mad f9A.AU
ssrrices tract_ shtd tbgle v. to produce ad"usto revo s
. j�.
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aeoted acrto nting c Mi -els, a are noMl._reaggaabi ,.
IMU281 costs Qf the Operation and maintsmmeae, of swab r
jacilitie_a_tQ QKodytS_and- ssareiats is a special ISM #;
venues sufficient to most the interest and psiMipitl
roquiroments of such bondse ald to elate
kq ,
ank additifGal rsasrves as may be estahli ed i■ s±ai� .., R �.
resolytious, no revsucse so el u be wet ss•
the s�araemct of ANY Ott _ bends. 1hotber iplwd UMIS
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Mv.ATING TO THE ,158U 11Cl' -*
AUfHDBITISS IM CITII:,, JR11
V., AM µlMl�tFSOR'A• STAt": J951
450.1949 l UBDIVIt3I0N6 ''2. 4.
SlAMH�iyD/EN AWWDIPP MI�IMBBMA,�,i�' 1:
rj�lr /-+r w #nw ♦♦yyi•: ` z* MECUON 4541 "+ ff-HAW i` ,
ITO. Al�•.5El1iiMi
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isIt od 1. ` MiVA666oti' sto �;,. Tr
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4'. is iae aded_, -tai TO r r
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tiid. Z• MTh• •
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the jriaiNia
'� it r' � r. '; .�S �'t- -. � - �l•1 `k
t t:aeeet lat a ''sate ee` -s�atibs`` t ;
" ia�aYable semi -ail „A "u':
- �eeistera 1a. as asy be del emi ' b tMe '
�1 the •' j_,- *f,n; 7'•�' ;i+' 1'r
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�'} -$*a•. �Z. Minnesota Statutes 19�T, .Set s y
4, as as *Mad by Lais 1454.'�'C haptgw 44
Section 4+ is amended to reads. ;�" >>.�"+•
• n i
,
$"do 4. Tho poet •awtheritY 'shoo have the pared
••,: � 1\ 1\ . \NI) (Itltl -1' 1 ♦st
authority by res4littioe t#, o�49r.� 40 all eeatsaeta; :
' a4roiments and coveaannts with - the kalASM d
Yeada a, er with any trust ee - }
N� � prl•s' . �'
t
.. • yQ l%, a
P
im gugh - reselyll L
S*49 4s Min sofa StfitWt** 1957, .$*Cti*& 40495 10
meaded by adding a am subdivisioa to VWWS `k9;
Amma mak2aux mian mn as
fie ld AM& luk"
Main- M ww"A
an -MAMUM mom ad A k2adam bz
amok A,
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