201322� T 1
did by Resolution C. F. No. 200642,
IL approved February 2, 1961, authorize
the issuance and sale by said City of
ORICIMAL O CITY CLERK Sai
T nt Paul of $6,210,000 par value of 1 I,.
the bonds f id C'
PRESENTED BY
COMMISSIONI
o sa rty authorized to be DUNCIL
'
and viirtuelof syaid�Ordiinance under
No. LE NO
OFFICE OF 11575, for the procurement by said
COU L ESOLU City of additional funds in the sure
of $6,210,000, necessary for the purpose
of accomplishing several essential parts
of the improvement purposes for which
such bonds, as aforesaid, were author-
ized to be issuo and sold, to -wit:
"For the purpose of acquiring school
sites and grounds, and constructing
and equipping of new school buildings I
WHEREAS, the Coun �.i� 'o` :� °
01 Saint Paul,
i �
pursuant to the provisions of Ordinance No. 11575, adopted
by.the Council and approved by the Mayor October 1, 19599
and ratified by the electors of the City of Saint Paul at
an election held November 3, 1959, did by Resolution
C. F. No. 200642, approved February 2, 1961, authorize the
issuance and sale by said City of Saint Paul of $6,210,000
par value of the bonds of said Cityasuthorized to be issued
and sold by said City under and by virtue of said Ordinance
No. 11575, for,the procurement by said City of additional
funds in the sum of $6,210,000, necessary for the purpose
of accomplishing several essential parts of the improvement;
purposes for which such bonds,as aforesaid, were authorized to
be issued and sold, to -wit:
"For the purpose of acquiring school sites
and grounds, and constructing and equipping
of new school buildings and additions to
existing school buildings, and for the pur-
pose of reconstruction, repair, betterment,
remodeling and equipping of existing school
buildings."
said bonds being designated as "City of Saint Paul School
Improvement Bonds, Series 1961 B "; and
WHEREAS, Chapter 475, Minnesota Statutes, 1957,
as amended, provides that the governing body of any municipality
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 specified 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 perrcent (5 %) in excess of the amounts
needed to meet, when due, the principal.and interest payments on
the obligations, and said law further provides that said resolution
COUNCILMEN
Yeas "� Nays
DeCourcy
Holland
Loss
Mortinson
Peterson
Rosen
Mr. President, Vavoulis
,5M 5.60 QG102
Tn Favor
Against
Adopted by the Council 19—
Approved 19—
Mayor
a t r
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 providing for the
payment of the principal and interest upon the said 6,210,000
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 $6,210,000 of bonds,
the following direct annual irrevocable taxes, to -wit:
TAX REQUIRED BY
CHANTER 4175*
MINNESOTA STATUTES
1957* AS AMENDED,
5% THEREOF AND IN
BUDGET TAX FOR _r TAX FOR EXCESS OF PRINCIPAL TOTAL,
BAR INTEMT :•�'':� _._
'""'�. PRT�icTPDT. AIM rwTm•cinrnc.m n�v�T1TT
lybl
1962
105* 57' '- -_, ., ...
211,110
-
5* 278.50
110, 848.50
1963
2113 X40
101557.00
221,697.00
1964
1965
208;930
- 130,000
10-s557-00
16,94,6.50
221, 697.00
- 355,876.50
1966
204-,510
200,090
1309,000
1309000
16,725.50
16,5o4.50
351,235-50
346,594-50
1967
1968
195 *670
130,000
16,283.50
341 *953.50
�i 1969
Y�<<
191,250
186,830
130,000
130,000
16,o62.50
15,841.50
337,312.50
332,671.50
1970
1971
182,410
176,970
130,000
159620.50
328,030.50
1972,
1709510
190,000
190,000
18,348,.5o
18,025.50
385* 318.50
378
1973 -
1974
164,o50
157,590, 1
190,000
1909000
17 *702.50
*535.50
371,752.50
1975
151,130
190,000
17,379.50
17,056.50
364,969.50
358,186.50
1976
1977
1440670 j
138,210
1909000
169733.50
351 *403.50
1978 ;
130,730 1
1909000
250000
16 f 410.50
19 *036.50
344,620-50
3999766.50
1979
1980
122,230
113 *730
250,9000
250,000
18,611.50
18,186.50
390,841.50
381,916.50
1981
1982
105,230
96,730
250000
17,761.50
372,991.50
1983
X88,230
250,000
2509000
17036.50
16,911.50
3641,066.50
3559141.50
1984
1985
79,730
70,380
2509000
16,486.5o
346,216.50
-
1986
6o,18o
300,000
300,000
18,51900
181,009000
3889899.00
378,189.00
1987
1988
499980
399780
300000
17,499.00
3670,79.00
1989
29,580
300,000
300,000
16,989.00
16,479.00
356,76940
346,059.00
1990
1991
18,36o
6,120
36o,000
36o,000
18,918.00
180o6.00
397,278.00
384,426.00
2 _
:,
ORIGINAL TO CITY CLERK' .,
CITY OF ST. PAUL COUNCIL , x
" ..
r OFFICE OF THE CITY CLERK FILE NO
COUNCIL RESOLUTION - GENERAL FORM
PRESENTED BY
COMMISSIONER DATE
be it
FURTHER RESOLVED, that in the event any principal and
interest come due prior to the receipt of the proceeds of said
taxes, it shall be 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 sepa-
rate 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 instructed to file in
the office of the County Auditor of Ramsey County a certified
copy of this resolution, together with full information regard-
ing 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 entered the obligations in the tax
register as required under the provisions of Chapter 475,
Minnesota Statutes 1957, 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 pro-
visions of Chapter 475, Minnesota Statutes 1957, as amended;
be it
FURTHER RESOLVED, that such taxes shall be collected
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.
_3_
COUNCILMEN Adopted by the Council MAR 2 2 19619-
Yeas Nays
DeCourcy MAR 2 2 19W
Holland pproved 19—
Loss In Favor
Mortinson
Peterson Mayor
Against
Rosen
Mr. President, Vavoulis PUBLISHED
aM 5.60 2
STATE OF MINNESOTA )
COUNTY OF RAMSEY (SS )
2- 0�3��
CERTIFICATION AS TO TAX LEVY
AND REGISTRY OF BONDS UPON F I L E D
COUNTY AUDITOR'S BOND REGISTER
11 MAR 214 PH 3 36
I. the undersigned, being) the duly qualified and actin4 Coeppy CLERK`- ffrh .
Auditor, of Ramsey County, do hereby certify that there was filed ikjMy 7
PAUL, 91E�P1.
office on the 24th day of March, 1961, a certified copy of Council File
No. 201322 adopted March 22, 19619 by the City Council of the City of
Saint Paul levying taxes for $6,2;0,000.00 City of Saint Paul School
Improvement Bonds, Series 1961 "B ", dated March 19 1961, as the same
fall dike and to pay and dischargelthe principal and interest thereof
at maturity.
It is further certified that pursuant to Section 475.63 Minnesota
Statutes Annotated that said bondiissue has been entered and registered
upon the County Auditor's bond register File No. 333 and that such tax
I
for the payment thereof has been levied as required by law.
WITNESS, my hand and official seal this 24th day of March, 1961.
EUGE MONICK, County Auditor
4
7
Entered in Bond Register this
24th day of March, 1961
BANKERS RUST COMPANY
NEW
F F. STANSBERRY
ASSISTANT VICE PRESIDENT
YORK
April 3, 1961
20 /3zZ
TELEPHONE RECTOR 2.8900
16 WALL STREET
NEW YORK 15, N. Y.
Mrs. Agnes H. O'Connell, City Clerk
386 City Hall and Court House
St. Paul 2, Minnesota
Dear Mrs. OtConnell:
Thank you for your letter of March 28 enclosing the
certificates of the RamseyjCounty Auditor to the effect that
he has entered the tax levies for the following bonds on his
Bond Register File Nos. 334, 333, 335 and 336 respectively:
$ 7001000 City of Saint Paul ,Flood Control Bonds
$6,210,000 City of Saint Paul School Improvement Bonds,
Series 1961 116,
$1,4742000 City of Saint Paul General Improvement Bonds,
Series 9
$1,0002000 City of Saint 'Paul Water Works Bonds,
Series 1961 11Cn
F. F. tansberr
Assistant Vic President