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
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tlos'`
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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.