201324c. F. No. 192221, and further pursuant
to the provisions of Ordinance No.
11905, adopted by the COUncll and ap.
.ORIGINAL TO CITY CLERX Proved by the Mayor, February 2, 1961, _
CITY OF ST. did, by Resolution C. F. No. 200646
approved February 7, 1961, authorizl; NO
" OFFICE OF THE
the Saint Paul issuance $1,250 0001 paar1 valute oof
the bonds of said City, authorized to
COUNCI RESOLUTION be issued and sold by said City for
the purpose of the procurement by said
City, of funds for the payment of said'
PRESENTED BY City s advances to the State of ]Win
COMMISSIONER r nesota in connection with the location,
construction, reconstruction and im-
provement of state trunk highways
within the cdrporate limits of said
F Itg, o,ta:.;_nf t4._agsr�rP, trt riVn' -�
WHEREAS, the Council of the City of Saint Paul,
pursuant to the provisions of Chapter 538, Session Laws of
Minnesota for 1959, which, according to its pertinent terms,
became operative by approval of the Council of the City of
Saint Paul, under Council Resolution adopted and approved
May 7, 19599 C. F. No. 192221, and further pursuant to the
provisions of Ordinance No. 11905, adopted by the Council
and approved by the Mayor, February 2, 1961, did, by Resolu-
tion C. F. No. 200646, approved February ary , 1961, authorize
the issuance and sale by said City of'Saint Paul of
$1,250,000 par value of the bonds of said City, authorized
to be issued and sold by said City for the purpose of the
procurement by said City of funds for the payment of said
City's advances to the State,of Minnesota in connection
with the location, construction, reconstruction and improve-
ment of state trunk,highways within the corporate limits of
said City, pursuant "tp agreement between the State of Minnesota
_ and said City, dated January 25, 1960., and supplemental agree -
ment dated November 29, 1960,.saird bonds being designated
"City of Saint Paul Trunk Highway Bonds, Series No. 111;
WHEREAS, Chapter 4.75, Minnesota Statutes, 1957;
as amended, provides that the governing body of any munici-
pality issuing general obligations shall, prior to the de-
livery 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 k
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 per cent (5 %) in excess of the amounts needed -to ee�t,
when due, the principal and interest payments on the o liga-
'tions, 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
COUNCILMEN Adopted by the Council 19—
Yeas Nays
� DeCourcy
Holland Approved 19—
Loss Tn Favor
Mortinson l
Peterson Mayor
'
Rosen A galnst , � q / I
Mr. President, Vavoulis PUBLISHED -9 �r (�
ISM 5.60 2 E:
A 21.324
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 1,250,000
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 1 4250,000iof bonds, the
following direct annual irrevocable taxe, o -wt:
.1^+�ee�� t .. ,.r_ :,i. `e. tr` •'r rE �� ti.a - ., vrf, r�i. ' �i r ; � #'Xw� � }; -'j.
-.A�- -a {. .'L S'' tie •vl, r - v "` - na 'i t l[ k •, !� %i.
y ?_tf{r � , : ���•'`.�'/�.���'t�� °' ..� fia ��t!- ��,.w7, .dY � _ • .. ;, f r.�'K. ".re , f 7 '7�'l.�� �{ !�- ya
:. yr�
;t.../ •ii 1,,1 ,UJ. '.fr,+a. J•J 4^ Las:ii4.�R > a•`' *.... ,.. .ta •E }i3 .. � �•'ei i '. f: j :M� r{�,
41 1
iF '- ' : :.'V .. ;•}..'ti. E ,Ii.'1a r�., ice.
"' }�� .;•�(','.i•� f,�Y':� yf,,e '} ,�' .�t'�� *l� I ? �`� 1' ri ''Z..+e� � ;- t��R'�,.:.�,� �. �,.2- ' e *` �e Y. �, et�s - ' '�C4 i�•� .. r
e
r
TAX U BY
MINNESOTA STATUTES
BUDGET + 1957, AS AmEMED
YYM �. TAX FOR INTERE 5% �EOF AND IN
19 1 ST TAX FOR EXCESS OF PRIrTCIPA2
T20,O60�0- PRINCIPAI, TOTAIf 1962 AND INTEREST PAYABLE TAX
1963 1,000.00 21,000.00
1964 4o,000 2,000.00
1965 39,200 2,000.00 42,000.00
1966 37,44o 50,0oo 4,460.00 42,000.00
35,520 6o,000 93.660.00
1967 33,600 6o,000 4,872.00 192,312.00
1968 ; 31,680 6o,000 49776.00 190,216.00
1969 6o,000 ,689.00 98,280.00
1970 29,760 41.4 8.00
1971 27, 840 6o,000 969264;00
1972 25,920 f O,oQO 4,392.00 94,248.00 `
1973 24,000 4,296.00 92 232.00
21,769 60,000 4,20o.00 909216,00
X974 19,200 80,000 88,200,,00
1975 16,640 80,000 5,088.00 106,848.00
X976 80,000 4.960.00 104,169.00
1977 14,080 4,832.00
11,520 80,000 4,704.00 101,472.00 '
1978 8,960 80,000 98,784.00
1979 80,000 4,576.00
1980 6, 400 4, 448. oo 96, 096,00
3,840 -80,900 93,408.00
1981 80,000 4320.00
_ 1,28o 80,000 4,192.00 90,720.00 .
4, 064. oo 88, 032.00
85,344.00
i
r
,ORIGINAL TO CITY CLERK
CITY OF ST. PAUL
OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION - GENERAL FORM
PRESENTED BY
COMMISSIONER DATE
be it
FILE NO�01324
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
theriefor shall be made when said taxes shall have been received;
be it
FURTHER RESOLVED, that there shall.1be 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 instructed
to file in the office of the County Auditor of Ramsey County
a certified copy of this resolution, together with full in-
formation 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 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:p:been levied as
required by law, in accordance with the provisions 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 - MAR 2 2 1961
COUNCILMEN Adopted by the Council 19—
Yeas Nays
DeCourcy MAR 2 2 1961
Holland A proved 19—
Loss
In Favor
Mortinson
Peterson Mayor
Against
Rosen
Mr. President, Vavoulis
EM 6' -60 c2
i
STATE OF MINNESOTA )
(SS
COUNTY OF RAMSEY )
*Z r 3 2�
QERTIFICATION AS TO TAX LEVY
AND REGISTRY OF BONDS UPON
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 24th day of March, 19619 a certified copy of Council File
No. 201324 adopted March 229 19619 by the City Council of the City of
Saint Paul levying taxes for $1,250,000.00 City of Saint Paul Trunk
Highway Bonds, Series No. 1, dated March 19 1961, 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. 337 and that such tax
for the payment thereof has been levied as required by law.
VaTNESS, my hand and official seal this 24th day of March, 1961.
Entered in Bond Register this
24th day of March, 1961
F A. MONICK9 County Auditor,
FILED
11 nAR 24 Ph 3 38
CITY CLFFk'SI`IC�
SAINT PAUL, jjINN. �