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196886ORIGit' /TO CITY CLERK Council Rosen— File No. 198886 —By Milton 196886 + ` CITY O ' WHEREAS, The City of Saint Paul, by COUNCIL NO. a Ordinance No. 11322, passed by the FILE Council and approved by the Mayor g OFFICE OF T - October 3, 1958, and as ratified and O NCIL RESOLUT approved by a majority of the electors of said City at the election held No- t vember 4, 1958, provided for the Issu- ance and sale of Ten Million Dollars PRESENTED B ( ;10,000,000) par value in and of Water COMM Works Bonds of said Cityfoxthm_,— - NHEREO,, the City of Saint Paul, by Ordinance No. 11322, passed by the Council and approved by the Mayor October 3, 1958, and as ratified and ap- proved by a majority of the electors of said City at the election held November !4, 1958, provided for the issuance and sale of Ten Million Dollars ($1Q,000,0001 .par value in and of Water Works Bonds of said City for the purposes of extending, enlarging, improving, and bettering the Water Works System, owned and operated by said City; and TES, heretofore of said authorized bonds there has been issued by said City for said purposes bonds,aggregating Three Million, Five Hundred Thousand Dollars ($3 50afoao), denominated City of Saint Paul Water Works Bonds, Series 1959A and it has become :and now is advisable and necessary that 'an additional Two viii ti on Dollars ($2DW ,9000) par value in and of said bonds be issued and sold for said purposes, w.i.th .all convenient speed, as the Board of Vater Commissioners of the City of Saint Paul, by its Resolution adopted Ajri1�:27,.1960, has found and requested, it is hereby RESOLVED, that the Council of the City of Saint Paul issue and sell at this time Two Million Dollars (82 000...QM)_par value in and of said Bonds pursuant to and in accordance with said Ordinance No. 11322; that said bonds shall be in denominations of $1,000 each; that said bonds sh4n bear a rate of interest not to exceed six per cent per annum payable semi - annually o� Y and t ar. 1 according to the cqupons to be attached to said bonds; that said bonds shall bear date the first day of the month in which the same are sold; that said bonds shall be in the form of serial bonds, a portion of which shall be payable each year after issue; that the first installment of said bonds shall come due oneyear from the date of the same and the last installment of said bonds shall come due in not more than thirty (30) years from such date; that no annual installment of princi- pal of any of said bonds payable in any calendar year after the date of the same shall 'exceed five times the amount of the smallest prior installment thereof payable in any. calendar year after the second calendar year; that the principal $2,000,000 par value of said bonds shall mature serially commencing June 1, 19615 over said thirty year - period onthe following dates and in the following amountsf COUNCILMEN Adopted by the Council 19 Yeas Nays DeCourcy Holland Approved 19 Mortinson Peterson In Favor Rosen Mayor Winkel gainst Mr. President, Dillon 5M 7-59 c 8 '���- .1, Date of Maturity J . Amount June 13, .1, Date of Maturity Bond Numbers . Amount June 13, 1961 43.536- 41575- 40,000 June 1, 1962 41576-A.1615 40,000 June 1, 1963 41616 - 4.1655 40..000 June 1, 1964 41656 -41695 40,000 June 19 1965 41696- 41735 40,000 June 11 1966 41736 -41785 502000 June it 1967 41786 - 41835.- 50,000 June 11 1968 41836- 41885 50,000 June 1, 1969 41886 - 41935' 50,000 June 1, 1970 41936 - 41985. $0,000 June 1, 1971 41986 -42045 = 60,000 June 1, 1972 42046 -42105 602000 June 1, 1973 42106 -42165 60,000 June 1, 1974 42166- 42225 60,000 June 11 1975 42226 - 42285 60,000 June 1, 1976 42286- 42355. 70,000 June 1, 1977 42356- 42J}25. 70,000 June 1, 1978 42126 -42495 70,000 June 1, 1979 42496 -42565 70,000 June 1, 1980 42566 - 42635 70,000 June 1, 1981 42636 -42715 80,000 June 1, 1982 42716 -42795 80,000 June 1, 1983 42796 -42875 - 80,000 June 1, 1984 42876- 42965. 90, 000 June 11 1985 42966- 43055 90,000 June 11 1986 43056 -43145 90,000 June 1, 1987 43146- 43235• 90,000 June 19 1988 -43236 - 43335, 100,000 June 1, 1989 43336 -43435 100,000 June 11 1990 43436 -43535 100,000 _42 000 000 .x.96886 fy &vich-bends-sMil-be denonina *ed. bi *y -of -gain* Pau1- Water -Y@x4F Bends, ge�Aes-9:96QRt r . RESOLVED FURTHER, that sealed proposals be received at the office of the City Comptroller in the Court House and City Hall in the City of Saint Paul, Minnesota, up to ten o'clock A. M. (C! S,T.) on JyAq_] L1960, for the sale of all or none of said bonds, .after giving due notice of such sale in the manner prescribed by law in the St. Paul Legal Ledger, the official paper of said City, and in Finance and Commerce, a financial periodical published in the State of Minnesota; that each :bidder shall be required to accompany his bid by a certified or cashier's check for two (2),per cent of the amount of the bonds bid for, which shall be forfeited to the City .as liquidated damages'if the bonds are not taken and paid for when ready for delivery; and that the City Comptroller shall, at the next meeting after receiving-said bids, present the same to the Council for its action thereon, and that said bonds shall be offered to the person who will pay par or better therefor, and.at the lowest rate of interest, -2- L f not exceeding six per cent; 1 96886 RESOLVED FURTHER, that said Water W63*s Bonds of the City "of Saint Paul in the - amount of Two MiJ ion Dollars ($2,000,000):par value authorized and provided to be sold hereunder, in denominations of" .51,000 each, as aforesaid, shall be denominated City of Saint Paul Water Works Bonds, Series 1960 B, and shall be in the following form which has been prepared by the Sinking—Vu—n—Y Committee and approved by the Corporation Counsel of said City., and is hereby approved and adopted: UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF RAMSEY CITY OF SAINT PALTb WATER WORKS BON SERIFS 1960 B No. :.... $1,000.00 "KNOW ALL MEN BY THESE PRESENTS, that the Vity of Saint Paul in the County of Ramsey-and State of Minnesota, acknowledges itsel -`'to owe and for value received hereby promises to pay to bearer the sum of One Thousand Dollars ($1,000.00) on the first day of ......... 19..... together with interest thereon from the date hereof until paid..-at-the orate of ....... per cent per annum, payable semi — annually on the first days of mancr3 -Dec weer; in each year, as evidenced by and upon the presentation and su1^i-L-nder of the annexed interest coupons as they severally become�A,;,p.. •Both principal and interest of this bond are payable in lawful money of the United States of America at the office of the Commissioner of Finance in the City of Saint Paul, or at the Fiscal Agent of the City of Saint Paul, in either Saint Paul, Minnesota,` or New York, New York, .at the option of the holder; and for the prompt payment,of -,this bond, both principal and interest, at maturity, the faith and credit of the City of Saint Paul are,hereby, irrevocably pledged. '-'This bond is one of_a_ series amountjng in_ the_ aggregate to the sum of Two Million Dollars-(021000,,000) issued by the City of Saint Paul for the purpo "seS of extending, enlarging, improving and bettering the waterworks system owned and operated by the City of Saint Paul. This bond is issued pursuant to Ordinance No. 11322, passed by the Council of said,Uity, and duly signed, attested, approved and published in the manner required by the Charter of the said City and approved by the electors of the City of Saint Paul,at the election held November 4, 1958, also a, resolution of said Council No. 196886 p�,ss_rie nd pp_r v Aril 28� 1, 60 and under authority of and in all respects in full compliance with Section 217 of the Charter of the City of Saint Paul and such other sections thereof as may be applicable thereto, and Chapter 1.752 Minnesota. Statutes 1953, as amended. "It is hereby certifie and recited that all things, acts d required by the Constitution and laws of the State of Minnesota and of said City to happen and be done and performed precedent to and i n of this bond have happened and been done and performed in regular and time as required by law, and that the total indebtedness of sai d this bond, does not exceed any constitutional, statutory, or charter -3- j and conditions ; the Charter the issuance and due form City, including limitations. ORIGINAL TO`CITY CLERK COUNCIL -1,96880 • L CITY OF ST. PAUL FILE NO. OFFICE OF THE CITY CLERK COUNCIL RESOLUTION — GENERAL FORM PRESENTED BY COMMISSIONER DATE r - "IN irTITNESS WBLTMF, the said City of Saint Paul, by its Council, has caused this bond tn be sealed by the facsimile of its Official Seal, lithographed thereon, to be signed by the lithographed facsimile signature of its Mayor, attested by the lithographed facsimile ,signature of its City Clerk, and countersigned manually by its Comptroller, land each of the interest coupons hereto attached to be executers by the lithographed facsimile signatures of said officers, this first day of Junes 19600 . . . . . . . , . . . . . . . . . . . . . Mayor Attest: . . . . . . . . . . . Qity Clerk Countersigned: . . . . . . . . . . •. . . . . Comptroller" "COUPON No. , . . . . . . 'OnIthe first day of December- th_e City of Saint Paul, Minnesota, promises to pay to bearer . . . Dollars ($. . . . . .') at t� office of the Commissioner of Finance in the City of Saint Paul, or at the Fiscal Agent of the City of Saint Paul., in either Saint Paul, Minnesota, or New York, New York, at the option of the holder, for the interest due that day on its Water Works Bond, Series 1960 B, datedJune 1.. 1960 • • • • . . No. t Mayor Attest: . . . . . . . . . . . City Clerk Countersigned: . a . . Comptroller" RESOLVED FURTHER., that each said bond shall be sealed by the facsimile of tie Official Seal of the City of Saint Paul lithographed thereon and signed by the lithographed facsimile signature of the Mayor, attested by the lithographed facsimile signature of the City Clerk and countersigned manually by the City Comptroller in ac- cordance with Chapter 422, Minnesota Laws of 1951, and Section 475.55 Minnesota Statutes Atnotated, and the interest coupons thereto attached shall be executed by the litho raphed facsimile signatures of said officers. I k APR, 2 819 COUNCILMEN Adopted by the Council 19 Yeas Nays _-!l DeCourcy , APR 2 Holland �Mortinson -- ei In Favor Rosen Winkel A gainst 11�.Pxe� si'��.11o Mr. Vice Prtgent (Petcnot)' 6M 7-69 qop8 Approved 19 -, pl- &-,-2 , t,- , Agt jng Mayor DQKJ ATE= TO PRINTER CITY OF ST. PAUL COUNCIL NO. FILE OFFICE OF THE CITY CLERK COUNCIL RESOLUTION — GENERAL FORM PRESENTED BY COMMISSIONER DATE WHEREAS, the City of Saint Paul., by Ordinance No. 113221, passed by the Council and approved by the Mayor October 3, 1958, and as ratified and ap- proved by a majority of the electors of said City at the election held November 4, 1955, provided for the issuance and sale of Ten Million Dollars (110,000,000) par value in and of Water forks Bonds of said City for the urposes of extending, enlarging, improving, and bettering the Water. Works System..-owned and operated by said City; and "HEREAS, heretofore of said authorized bonds there has been issued by said City for said purposes bonds aggregating Three Million, Five Huncired Thousand Dollars (5325001000)3 denominated City of Saint Paul Water Yorks Bonds, Series 1959A and it has become and now is advisable and necessary that an additional `I'wo Million Dollars (f2,0001000) par value in and of said bonds be issued and sold for said purposes, with all convenient speed, as the Board of Water Commissioners of the City of Saint Paul, by its Resolution adopted April 27, 1960, has found and requested, it is hereby RESOLVI"D, that the Council of the City of Saint Paul issue and sell at this time Tkro Million Dollars (5,2,000,000) par value in rnd of said Bonds pursuant to and in accordance with said Ordinance No. 11322; that said bonds shall be in denominations of E10000 each; that said bonds shall bearee f inter t not to exceed six per cent per annum payable semi - annually on � and 1 according to the coupons to be attached to said bonds; that said bonds shall bear date the first day of the month in which the same are sold; that said bonds shall be in the farm of serial bonds, a portion of which shall be payable each year after issue; that the first installment of said bonds shall come due oneyear from the dl?te of the same and the lr�';t installment of said bonds shall come due in not more than thirty (30) years from such date; that no annual installment of princi- pal of any of said bonds payable in any calen0ar year after the d -te of the same shall exceed five times the amount of the smallest prior installment thereof payable in any calendar year after the second calend ^r year; th�Lt the principal 12,0001000 par value of said bonds shall mature serially commencing June 1, 1961, over said thirty year period onthe following dates and in the following amounts: COUNCILMEN Yeas Nays DeCourcy Holland Mortinson Peterson Rosen Winkel Mr. President, Dillon 6M 7-69 S Tn Favor Against Adopted by the Council 19 Approved 19 Mayor Date of Maturity Bond Numbers Amount June 1, ].961 41536 -41575 40, 000 1 - June 1,-"1962.1 -. 41576- 41615 40;000 June It 1963 - 11616 -41655 40,000. . June -1� _ 196/+. 4,16 '56 -41695 ..40,00 0 ' - June 1, 1965 tr .. 41696 -41735 40,000 ' June It 1966 41736 - 41785. - 50,0O0 June Ai'-l967- ,:4178b -41835 r - 500000. • June 1, .3.968` =41836 - 41885 __ d 50,000 June It 1969 - ; 1 l,T886= 41935 50, 000 _ June 1, 1970,_ - ' 4].936_ -41985 60"000, - T June , 1971 s. - 41:986.4 045 60,000 June 1,. 1972' . = - =,' 42046 -42105 - 60,000 June It 1973_ - 'j 42106 -42165 60,000 . June 1,:- 19,74= ,; ;= _42166 -42225 609000 _ June 1,.1975•. t' °42226 -42285 60,000 June It 1976 42286 -42355 709000 June It 1977. 42356 -42425 70,000 June 1,; 1978 442426 -42495 70,000- - June.1, 1979 42-496 -42565 .70,000 June 1, 1980 42566 -42635 70,000 June It 1981 ` = 42636 -42715 80,000 ` June 11 1982 427I6 -42795 SO,oOO June 1, 1983 42796 -42875 80,000 Tune It 1984 42876 -42965 _900000 June 19 :985 42966 -43055 900000 June 1, 1986 -43056 =43145 90,000 y June 19, 1987 -' 43146- 43235.. =- 90,000 June 1, 1988 - 43236- 43335 100,000 '- June it 1989 43336 =43435 - 100,00o June It 1990 43436 -43535 100.000 _ 02,000,000 8r�Oade- e1: ab�- deacitec.Cityc.rai- Sarint�sul Ttsteu �tarkr. " RESOLVED FURTHER, that sealed proposals be� received at the office of ` + the City Comptroller- in'the Court Rouse and City Hall- the City of Saint Paul, Minnesota, to ten o'clock A.-M. (O.D.S.T.) on June 1.4, 1960, for the sale of all or none'of said bonds, after giving due notice of such sale in the manner prescribed by law in the St. Paul Legal Ledger, tht official paper of ,said 'City, and in Finance and Commence, a financial periodical published in the State of . Minnesota; that each bidder'shall be-required to accompany his bid_by a certified or cashier's, check for two (2) per cent of the amount of the bonds bid fort _ which shall be forfeited to the City as liquidated damages if the bonds are` not taken and paid for vhen`ready-for ` delivery ;, and that the City -Comptroller- - shall, at the next meeting after receiving said bids, present the same_ to-the -Council for its action thereon, end that said bonds shall be offered' to .the person who will.pay par_or better therefor, and at the lowest rate of interept' ' no'E - nzeqeatw six peer. mti _ _ RyfJLY& 7q&�' A� :thrtt said, aeter Vork& $onas ol'_'tbee fatty 91 d+aint Paul in the wnot of two lic►�e Dollars ( -a; i£oo) par viaue authorized and �prcwideid to be Old boraueider, in .dem*tnat+ione of �.1,,OOD each, as eMf'ore�saiai} elatll br! deenotaietettte+ £lam off' l a►lmt 'p%uj, Vator ' 44rkA z►de, derive 19bt1 ! , eball bs it! 't the f'oilo irao t'axrt sa�bieh hartt be�aa prep,eree'! by the Si io9 7M14 Ce:MAU4e t %ppMod b7 the corporstioo 00% metl of st4�d City, eeeul la 4iereab�► APp�vaed e� r��lopte�3t STATE OF 9101INUOTA tNlli'Y 07 RANJU CITY 07 0 AjwT PAUL ` vAT 10%8 SORDS S MMS 1960 B _ QV ALL OEM by THFAV Mowre, tbat+, the ottr.o� faint PAu3 in tit ' County or -Rameor 4nd btati, of anspotap OkOuovlod ees Itself to ova and for .value received hereby p"Miess to pny -to bas ror the Oft. Of #30e TUOUPmatl D011x e 1g.,... t4gertber vith interast thetxeon ' on tl� ,first .Qe�t of • � �, • • • • • is o! ... per cent pear ann"a pe►7+tl►J.ee Eros the �3:kta ia+aareo ' t ail pain, in each ye stro as ovideacod eetsai�sa*�ually on the first 4479 o e►trd by and upon the pre►e b# matetioti 4hd ourrender of t ,*a*eaead intereSt tqu Ae ++� they severallr becoxt 44e.'. Both prin alpal *Ad iaterast of t]aia bead ors oyable An ' lx%dmjjl eotaoy of thePulted States[ of America, at U6' officee. Of thy► Cs,mi ssiener of. i'"inRnas - the city of $aiAt Paul, or et tb* fiac�.. Agent of the MAY of faint Pauli iu eltbor Satat $aui1 41=06ota, or Aov York# low Tor7c, 0 th0 - Qption of the holdtrl: s44' for- the proupt p eats of tMw bond, both .prtndpal .*Ad int0706t, et ceetasvi'ty, thQ fail and credit of the City of �afnt Pe ;t l ar+a he�aeebg jirreroc+ably "wee bflnd is or�ee of t aori.oe `A*Ounting iA the eggteg&te tQ the of �ro iti�: Ion mbillArs (� V000, .j isaug4 � tbe* City of 641st ptu ,. for they p rfloeet of oxteadiag, --enj,*rgjrAj Improving, And. bettor egr the wotetvcarks systsm omest3 and ©peraates by Us Cif. of lint Paw3.. ?bier bond to Issued pursuant to CrdiTionc e City and ai�n «1, ttteated� approved No. 11 -322, paasd by tho tunatl of "id ; end ittbiioieeel 3n.tth+e aestsnets� re(.uirod by thee. 0b rter of 0e -eaid, City and sppraVed by tbo electare. of the City of •9eint Paul- at alas eloctjon J�a1d gov*0bor 40 19"o, olsa a eeolutioia ox ee14 9..0unoll 10. pass cad. and Approveed ona. under atutbority of aeidjn all respe+Mze .a. eoaipl,i tnae rith t �' of b!>+� Charter - �f the MW Of S "Int Peeu►1 and such outer vat atitons thereof ERs mad ba, aglal3ctble� ttxere►ta, sr�d t�tu�ptfr 4150 Hisnesots Uta►tute iw 1.951►, -as sa►e� ded. ,�Zt Is bireeby 06rbitlesd "d recited that a l.tbIUM sate and. danditions roquIred by the ConetitutiMi �� 1s�rn e±f the :k�t�tes of i�4nhs�ats "d t13s t�'itart�er of, sa id G '.t3r' to tie apene .quad ;tie dan and performed precedgat`to and in the 10�aumee 4 oi`t,thi o band, teams '3tappe�tavd and `been _ 0nek atsd psrfo ad in rear sod dna, fot'ae - and Use ae_ 'regAdreed by lamp ae+d that. -tbG totatl, Andebte0neas Of said MV# In1cludiUg ' tbis bondz do rao _ ea ceedt Amy, 'ooa'etit+utfo�ael, etatutoryip or charter lioltat sax n. V Dt PL-ICATE TO PRINTER X96886 CITY OF ST. PAUL FILE L NO. FILE OFFICE OF THE CITY CLERK COUNCIL RESOLUTION — GENERAL FORM PRESENTED BY COMMISSIONER DATE' "IN 'FITNESS WHEREOF, the said City of Saint Paul, by its Uouncil, has caused this bond t be sealed by the facsimile of its Official Seal, lithographed thereon, to be signed by the lithographed facsimile signature of its Mayor, attested by the lithographed facsimile signature of its City Clerk, and countersigned manually by its Comptroller, and each of the interest coupons hereto attached to be executed by the lithographed f ^csimile signatures of said officers, this first day of .JPI 01960 .............. Attests City Clerk ............. Mayor Countersigned: . . . . . . Comptroller" No. ..... $.... . "On the first clay of . December., 19 the City of Saint Paul, Minnesota, promises to pay to bearer . . I)oll-),rs (1. . . . ) at the i office of the Commissioner of inance in the City of Saint Paul, or at the Fiscal Agent of the City of Saint Paul, in either Saint Paul, 'Minnesota, or New York, New York, at the option of the holder, for the interest due that Oay on its Water Works Bond, Series 1960 B, dated . . dw7e .l, 1960. . . . . No. . . . . . . . . . Mayor Attest: . . . . . . . . . . . . . . City Clerk Countersigned: . . . . . . . . . Comptroller" RFSOLVFD FURTHER, that each said bond shall be sealed by the facsimile of th-e Official Seal of the City of Saint Paul lithographed thereon and signed by the lithographed facsimile signature of the Mayor, attested by the lithographed facsimile signature of the City Clerk and countersigned manually by the City Comptroller in ac- cordance with Ch.i.pter 122, Minnesota Laws of 1951, and Section 475.55 Minnesota Statutes Annotated, and the interest coupons thereto attached shall be executed by the lithographed facsimile signatures of said officers. COUNCILMEN Yeas Nays DeCourcy Holland Martinson Tn Favor Rosen - ,WjnkeL� ._ 7:3 Against �� ISM 7 -59 jqW8 -4- APR 2 81960 Adopted by the Council 19 ,fig 281960 Approve 19 Mayor 4 _. - CITY OF ST. PAUL No. s OFFICE OF THE BOARD OF WATER COMMISSIONERS RESOLUTION —GENERAL FORM PRESENTED BY / �� COMMISSIONER / DATE RESOLVED, By the Hoard of mater Commissioners of the City of Swat Paul, that the Council of said City be and hereby is•requested to authorize and provide for the issuance, and sale* with all • ONF_ I: couvenisgt..rspeed, Two IH on ($2,000,00©.00) Dogs of the Ten. ?�UIldn ($10,090,000.00) Dollar Waxer Works Bonds- of said City, said Bonds to be used ejccluAve1,y for extending enl rgingf impr!Z and betters of the Water -Works System. s 1 \v C� c - C Water Commissioners Informal Approval- -April 27, 1960 Yeas Nays Adopted by the Board of Water Commissioners ` 195 — In favor Opposed 4� 8 ASST. SECY. 1M 11 -58