200499ORIGINAL TO CITY CLERK • - +
CITY OF ST. PAUL COUNCIL NO. -0(1
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:
"A BILL FOR AN ACT GRANTING'TO CITIES OF THE FIRST
CLASS CERTAIN POWERS RELATIVE TO.BONDING FOR FLOOD
CONTROL; AMENDING LAWS 19572 CHAPTER-685.7 _
and recommends the same to the Ramsey County Senate and House
delegations.
COUNCILMEN
Yeas Nays
DeCourcy
Holland
Loss
Mortinson
Peterson
Rosen
Mr. President, Vavoulis
BM 6 -0o u2
In Favor
.Against
Council File No. 200499 —By George J.
Vavoulis, mayor —
Resolved, That the Common Council
of the City of Saint Paul hereby ap-
proves'
"A BILL FOR AN ACT GRANTING
TO CITIES OF THE FIRST CLASS
CERTAIN POWERS RELATIVE TO
BONDING FOR FLOOD CONTROL;
AMENDING LAWS 1957, CHAPTER
`and recommends the same to thel
Ramsey County Senate and House
delegations. il
i Adopted by the Council January 20„
1961. I
Approved January 20, 1961."
(January 28, 1961) I
Adopted by the Council 19—
N 2 0 01 19—
Mayor
2 '0499
RESOLVED, That the Common Counoil of the .City of Saint
.Paul hereby approvesi F
i'A.BILL FOR AN ACT,'GRANTING TO CITIES OF THE FIRST
CLASS CERTAIN POWERS RELATIVE TO BONDING,FOR FLOOD '
CONTROL; AMENDING LAWS 1957s. CHAPTER 685.
and- recommends the same,to the'Ramsey County Senate and House
delegations,
' - '- •- { _ .. _.` ._ .may � + ,
_. AN 21 199)
2,00494,
RESOLVED, That the : Commoh Council , of the City_' of Saint
Paul hereby approvesi "A-'BILL FOR AN ACT .GRA'NTING 'TO_ CITIES- OF THE FIRST
CLAS:3.CERTAIN POWERS- RELATIVE TO BONDING FOR FLOOD
CONTROL; AMENDING LAWS 19572 CHAPTER 685.1f
and , recorrmaends the same to the Ramsey County- Senate and-House,
delegations . - '
:���fq��
A BILL FOR AN ACT
GRANTING 20 CITIES OF THE FIRST CLASS CERTAIN
POWERS RELATIVE TO BONDING FOR FLOOD CONTROL]
AMENDING LAWS 1957.9 CHAPTER 685.
=M11
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MINNESOTA:
Section 1. Laws 1957, Chapter 6851 is amended to read:
Section 1. Flood control, bonds, indebtedness_] Any
city of the first class is authorized and empowered to borrow
a sum not to exceed 47907900 $900,000 for the purpose of
matching funds allocated by the United States Government for
the purpose of flood control in such city, and for that
purpose to issue and sell, from time to time, and without
submitting the question of the issuance of the same to a
vote of the people, the bonds of said city in the sum and
amount of 47097090 900'0000 or such part thereof as shall be
deemed necessary] and to secure the payment of such bonds by
pledging the full faith and credit of such city therefor.
Such bonds shall be in such form Wd bear interest at such
rate as the council of such city may prescribe, and shall be
sold by the council of such city to the highest bidder
therefor after at least two weeks published notice of the
time and place for receiving bids. Said bonds shall be
issued to mature serially, the first installment of which
shall become due and payable in not more than three years and
the last of which shall become due and payable in not more
than thirty years from the date of their issue. The proceeds
received from the sale of such bonds shall be deposited by
the city in a fund to be designated as "Flood Control Project
Fund" and the moneys shall be disbursed therefrom for the
purpose aforesaid in the same manner as other funds of the
city are disbursed, but only for the purpose herein expressed.
�... ,.. 200499
The amount of such bonds from time to time outstanding shall
not be considered in determining the net indebtedness of said
city for the purpose of borrowing money or other purposes
and the amount of such bonds or certificates of indebtedness
shall be excluded in determining the debt limit of the city.
Sec. 2..eaeipts .and expenditures_% The receipt and
expenditure oF,any moneys hereunder shall not be included
within the definition of any 11mitation.imposed on taxing or
spending by the charter of such city.
2