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201325oy the Council and approved by the Mayor October 3, 1958, and ratified by the electors of the City of Saint Paul at b election thield November 4, 1958, ORIGINAL PTO. CI*Y CLERK PRESENTED COMMISSI1 y eso u on , C. F. No. 200645, CITY OF ST. approved February 2, 1961, authorize NOS OFFICE OF THE the issuance and sale by said City of Saint Paul of $1,000,000 ,par value of the bonds of saki City authorized to be COUNCIL (RESOLUTION -by and sold by said City under and by virtue of said Ordinance No. 11322, for the .procurement by said City of additional f tL d s ,im the sum of $1,000,000 necessary for thg purposes of ? "*^�trx.r- tinlreinr• ' :n � :ek . ~. •..• tlos'` '. ;9�3fv 7aTQ 9fi:'' 9r %�' WHEREAS, the Council of the Cl" of Saint Paul, pursuant to the provisions of Ordinance No. 11322, adopted by the Council and approved by the Mayor October -3, 1958, and ratified by the electors of the City of Saint Paul at an election held November 4,.1958, did-by Resolution C.-F. No. 200645, approved February 2, 1961, authorize the issuance and sale by said City of Saint Paul of $1,000,000•par value of the bonds of said City authorized to be- issued,and sold by said City under and by virtue of said Ordinance No. 11322, for the procurem6nt by said City of additional funds, in the sum of $1,000,000 necessary for the purposes of extending, enlarging;rimproving and bettering the Water Works System owned and.bperated by said City, said bonds being designated as "City -.of Saint Paul Water:-Worlts Bonds, Series 1961 C "; and WHEREAS, Chapter 475, 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 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 coliected`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 meet, when due, the principal and interest payments on the obliga- 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 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 1,0009000 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 COUNCILMEN Yeas Nays DeCourcy . i- Holland Loss Mortinson Peterson Rosen Mr. President, Vavoulis ISM 3.60 46102 Adopted by the Council 19— . w .. .._ .�.:.._ ._. Approved_ 19— In Favor Against ti Mayor r 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 $1,000,000 of bonds, the following direct annual irrevocable taxes, to -wit: - 2 - TAX REQUIRED BY CHAPTER 475 a, MINNESOTA STATUTES 1957, AS AMENDED 5% THEREOF AND IN BUDGET TAX FOR TAX FOR EXCESS OF PRINCIPAL TOTAL YEAR INTEREST PRINCIPAL AND INTEREST PAYABLE TAX .1961 17,000 850.00 179850.00 1962 -6 33,660 20,000 29683.00 56,343.00 1963 32080 20,000 2,649.00' 55,629.00 1964 32,300 20,000 2,615.00 54,915.00 1965,; 31,620 20,000 2,581.00 54,201.00 1966 30,940 20,000 2,547.00 53,487.00 1967 30,175` h 25000 29758.75 57,933.75 1968 29025 25,000 `...2,716.25 57,041.25 1969 28,475 25,000 2,673.75 56,148.75 1970 27,625 259000 2,63'1.25 55,256,25 1971 26,775 25,000 2,588.75 54,363.75 1972 25,840 30,000 2,792.00 58,632.00 -1973 24,820 30,000 2,741.00 57,561.00 1974 ` 239800 30,000 29690.00 56949o.00 1975 229780 30,000 2,639.00 55,419.00 1976 21,760 30,000 2,588.00 54;348.00 1977 20,655 35000 29.782.75 58,437.75 1978 T 19,465 35,000 2,723.25 57,188.25 .1979 •- 18, 275 .35, 000 29663-75 55,938-75 1980 _ 17,085 35:000 - 2,604.25 M 54,689.25 1981 15,895 35,000 2,544.75 53,439.75 1982 14,620 4o,000 2,731.00 57051.00 1983 '* 13,z6o 4o,000 2,663.00 55,923.00 1984 11,900 4o,000 2,595.00 54,495.00 1985 10,455 45,000 2,772.75 58,227.75 1986 8,925 45,000 2,696.25 56,621.25 1987 7,395 45,000 2,619.75 55014.75 1988 5,865 45,000 2,543.25 539408.25 1989 49250 50,000 29712.50 56,962.50 1990 29550 502,000 2,627.50 559177.50 1991, .` 850 50,000 2,542.50 53,392.50 - 2 - n ORIGINAL TOE CITY*CLERK PRESENTED BY COMMISSIONER be it CITY OF ST. PAUL OFFICE OF THE CITY CLERK COUNCIL RESOLUTION - GENERAL FORM FIOUNCIL NO. )01325 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 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 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 Holland Loss Mortinson Peterson Rosen Mr. President, Vavoulis ISM E -60 qao.2 )r MAR 2 2 NO Approved 19— Mayor v PUBLISHED STATE OF MINNESOTA ) CERTIFICATION AS TO TAX LEVY (SS AND REGISTRY OF BONDS UPON COUNTY OF RAMSEY 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. 201325 adopted March 222 19619 by the City Council of the City of Saint Paul levying taxes for $190009000.00 City of Saint Paul Water Works Bonds, Series 1961 "C ", 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. 336 and that such tax for the payment thereof has been levied as required by law. WITNESS, my hand and official seal this 24th day of March, 1961. Entered in Bond Register this 24th day of March, 1961. !��E A. MDNICK, County Auditor J' FILED `bi MAR 24 PH 3 30 CITY CLERK'S OF: SAINT PAUL, MINN.