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196929i l ' Council File No. 196929 — By Joseph E. Dillon 196929 _� rt •- „�� :� � � ; mayor— WHEREAS, B Ordinance No. 11575, ORi�GINAL TO CITY CLERK - �y Tv adopted by the By and approved IN CI 1 1 OF ST. by the Mayor October 1, 1953, and rati- - OFFICE OF THE fled by the electors of the City of Saint Paul at an election held November 3, f 1959, the Council of the City of Saint COUNCIL RESOLUTION- �3'>ul���c3= 2Lh!?3��cd_ to tssue and sell PRESENTED BY WHEV4., by Ordinance No. 11575, adopted by the Council and approved by the Mayor October , 1953, and ratified by the electors of the City of Saint Paul at an election held'November 3, 1959, the Council of the City of Saint Paul was authorized to issue and sell the negotiable bonds of the City of Saint Paul of the par value of Twenty -three Million, Five Hundred Thousand Dollars ($23,500,000) for the following purposes: - 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 purpose of the recon- struction, repair, betterment, remodeling and equipping of existing school buildings; and WHEREAS, it is necessary at this time that Two Million Dollars ($2,000,000) par value of such authorized bonds be issued and sold by said City for the.purpose of its acquisition of funds necessary to its accomplishment of several essential parts of several of the improvement purposes for which such bonds as aforesaid were au- thorized 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 purpose of the recon- struction, repair, betterment, remodeling and equipping of existing school buildings; therefore, be it RESOLVED, that the Council of the City of Saint Paul issue and sell at this time such -Two Million Dollars ($2,000,000) par value bonds authorized by said Ordinance No. 11575, to be denominated "City of Saint Paul School Improvement Bonds, Series 1960 A "; be it FURTHER RESOLVED, that such bonds, authorized by said Ordinance No. 11575, hereby provided and directed to be issued and sold in the par value amount of $2,000,000, shall be issued and sold.in the manner required by law, and that the same shall be in the denomination -of $1,000.00 each, dated June 1, 1960, and bear interest at a rate not in excess of 6% per,annum payable semi - annually on_December 1 and COUNCILMEN Adopted by the Council 19— Yeas Nays DeCourcy Holland Approved 19- Mortinson Peterson Tn Favor Rosen Mayor Winkel Against Mr. President, Dillon 5M 5.58 2 a P X15929 June - Beeember 1, according to the coupons to be attached to said bonds; that said bonds zhal -L be serial in form, and a portion thereof shall be payable each year commencing June 1, 1963, but none of said bonds shall run fora longer period than thirty (30) years, and shall be numbered 39536 to 41535 inclusive; and be it FURTHER RESOLVED, that said Two Million Dollars (52,000,000) par value bonds tp - be issued and sold for such improvement purposes and to be denominated as aforesaid, "City of Saint Paul School Improvement Bonds, Series 1960 An, shall mature serially commencing,,June 1, 1963, over said thirty -year period on the following dates and in the following amounts: Date of Maturity Bond Numbers amount J,tLn6 1.; ; x:963 39536 -39575 40.'000 June 1, 1964 39576 -39615 40,000 June 1, 1965' 39616 -39655 40,000 June 1, 1966 39656 - 39695- 40,E June 1, 1967 39696- 39735' 40,000 June 1, 1968 39736- 39775 40,000 June 1, 1969 39776-358X5 40,000 June 1, 1970 39816 -39875 60,000 w. June I, 4 1971 39876 -39935 60,000 June 1, 1972 39936 -39995 60,000 June 1, 1973 39996 -40055 60,000 June 1, 1974 40056- 40115 60,000 - June 1, 1975 4011640175 - 60,000 June,l, 1976 40176 -40235 60,000 - June 1, 1977 40236 -40315 80,000 June 1, 1978 ., 40316-40395 801000 June 1, 1979 40396 -40475 80,000 June 1, 1980 40476 -40555 80,000 June 1, 1981 40556-40635 80,000 June 13, 1982 40636- 40715 80,000 June 11 1983 40716 -40795 80,000 June 1, 1984 1796 -4d895 100,000 June 1, 1985 40896- 40995, 100,000 June 1, 1986' 40996 -41095 100,000 June 1, 1987 41096 -41195 100,000 June 11 1988 41196- 41295 100,000 June 11 1989 41296-41415 120,000 June 1, 1990 41416 -41535 120,000 That said $2,000,000 par value bonds to be issued for Mchool Improvements shall be in the following form, which has been prepared by the Sinking Fund Com- mittee and approved by the Corporation Counsel of the City of Saint Paul and is hereby approved and adopted: Id -2- 'UNITED STATES OF AMERICA STATE OF MINNESOTA COUNTY OF RAMSEY CITY OF SAINT PAUL SCHOOL IMPROVEMENT BOND SERIES 1960 A $1,000.00 KNOT ALL MEN BY THESE PRESENTS, that the City of Saint Paul, in the County of Ramsey and State of Minnesota, acknowledges itself to owe and for value received hereby promises to pay to Bearer the sum of One Thousand Dollars ($1,000.00)• on the first day, of . . . .JUn9 ., 19 . . together with interest thereon from the date hereof until paid at eo.p of . . . . per cent pet annum, payable semi - annually on the first days of Mt-and PeA er in each year as evidenced by and upon the pkesentation and 'surrender of the annexed interest coupons as they severally become aue. Both principal and interest on this bond are payable in lawful money of the United States of America -at the office of the Commissioner of Finance in the City of Saint Paul, or at the Fiscal .Agent of the City of Saint Paul, in either Saint Paul, Minnesota, or-New York, New York.$ at the option of the holder; and for the prompt payment of this bond, both principal and'interest,.at maturity, the faith a,ad credit of the City of Saint Paul are irrevocably pledged. This bond is one of a series amounting in the aggregate to the sum of Two Million Dollars ($2,000,000), issued by 9)3Id City for the purpose of paying the cost of school improvements authorized by Ordinance No. 11575, passed by the Council of said City and duly signed, attested, approved and published in the manner required by the Charter of said City ", and approved by the electors of 8eid City of Saint Paul at the election held November 3, 1959, and under the authority of and in all respects in full compliance with Section _ 217 of the Charter of,,.dd City of Saint Paul, and such other sections thereof as may be applicable thereto, and Chapter AM, Minnesota Statutes 1957, as amended. It is hereby certified and recited that all thingp, acts and conditions required by the Constitution and Laws of the State of Minnesota and the Charter of said City to happen and be done and performed precedent to and in the issuance of this bond, have happened and been dons and performed in regular and due form and time as required by law and that the total indebtedness of said City, including this bond, does not exceed any constitutional, statutory or charter limitations. c IN VITNESS ITHEREOF, the said City of Saint Paul, by its Council has caused this bond to be sealed. -by the facsimile of its Official Seal, lithographed thereon, to be signed by the lithographed facsimile signatbre of its Mayor, attested by the lithographed facsimile signature of its City Clerk, .sand countersigned manually by its Comptro7ler,*and each of the interest coupons hereto - attached to be executed by the lithographed facsimile signatures of said officers, this first day of June, 1960. Attest: City Clerk ............... Mayor Countersigned: . . . . . . . . . . . . . . . Comptroller ME -.1,915 929 ..yam' -• L *. � ORIGINAL TO CITY CLERK CITY OF ST. PAUL COUNCIL NO. OFFICE OF THE CITY CLERK FILE COUNCIL RESOLUTION — GENERAL FORM PRESENTED BY COMMISSIONER DATE / "COUPON On the first day of June , 19.-- the City of Saint Paul, Minnesota., December promises to pay to bearer Doll:'ars ( ) at the office of the Commissioner of Finance, in the CitsY 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 interest due that day on its School Improvement Bond, Series 1960 A, dated June 1, 1960, No. . . . . . Mayor Attest: . . . . . City Clerk Countersigned: Comptroller" and be it FURTHER. RESOLVED, that each said bond shall be sealed by the facsimile of the Official Seal of the City of Saint Paul lithographed thereon and signed by the litho- graphed facsimile signature `of the Mayor, attested by the lithographed facsimile signa- ture of the City Clerk, -and countersigned manually by the City Comptroller, in :accordance with Chapter 122, Laws of Minnesota. 1951, and Section 475.55, Minnesota Statutes Anno- tated, and the interest coupons thereto attached shall be executed by the lithographed facsimile signatures of said officers. ; and be it FURTHER. RESOLVED, that sealed proposals be received in the office of the City Comptroller in the Court House and City Hall Building, in the City of Saint P.aul,Minne- sota, up to ten o'clock a. m. (C.D.S.T.) June 11,.1 1960, for the sale of all or none of said bonds, after giving due notice of said sale in the manner prescribed by law, in the St. Paul Legal. Ledger, the official paper of said City, and in tW Finance and Commerce y a. financial periodical published in the State of Minnesota• that each bkd�der ck for tiro • shall be required to accompany his bid by -a certifies. or cashier's cAe 2 per cent of the amount of bonds bid for, which will be forfeited to the delivery; City liquidated damages if the bonds are not taken and paid for when ready for that the City Comptroller shall, at the neat meeting after receiving said bids, present the same to the Sinking Fund Committee and the Council for their .action thereon; and that said bonds shall be offered to the person who will pay par or better therefor, at the lowest rate of interest, not exceeding six (6) per cent per annum. MAY 3 COUNCILMEN Yeas Nays DeCourcy Holland Mortinson Peterson Rosen Winkel Mr. President, Dillon 6M 7-69 8 Adopted by the Council 19 &W 31MOD Approved n n 19 r Mayor DUPLICATE TO PRINTER CITY OF ST. PAUL . OFFICE OF THE CITY CLERK COUNCIL RESOLUTION — GENERAL FORM COUNCIL NO FILE WMMM., b Ordinance Mo. 33575: adopted by the Council and approved by the Iftyor October 3, l9 and ratified by the electors. of the City of Saint 'Paul at an election held Nor�b r 3,. 1959,• the Council of the City of Saint Paul was authorized to issue and sell the negotiable bonds of the City of Saint Paul of the par value of Twenty-three Killion, Five Hundred thousand Dollars (423,500,000) for the following purposes: 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 purpose of the recon- struction, repairs betterment, remodeling and equipping of existing school buildings; and VMMUS., it is r=essary at this time that Two Killion Dollars ($2,000,000) par value of such authorized bonds be issued and sg1d,by said City for the. purpose of its acquisition of funds necessary to its accamplilahmment of several essential parts of several of the improve®ent purposes ,for which such bonds as aforesaid were au- thorized to be issued and sold, to -wit: For the purpose of acquiring school sites and grounds, and constructing and equipping of nev school buildings and additions to existing school buildings, and for the purpose of the reem- struction, repair, betterment, remodeling and equipping of existing school buildings; therefore., be it El MUD, that the Council of the City of Saint Paul issue and sell at this time such Two Million Dollars ($2,000,000) par value bonds authorized by said Ordinance No. 11575,.to be denanU ated "City of Saint Paul School. Tsprovement Bonds, Series 1960 r; be it FUMM RESMVED, that such bonds, authorized by said Ordinance No. 11575., hereby provided and.directed to be issued and sold in the par value mount of $2,0000000, shall be issued and sold in the manner required by lave, and that the same aball be in the denomination of 1,000,00 each, dated June 1, 1960, and bear interest at a rate not in excess of 6% per,annum payable semi- annually on December 1 and COUNCILMEN Yeas Nays DeCourcy Holland Mortinson Peterson Rosen Winkel Mr. President, Dillon 5M 5.58 2 Tn Favor Against Adopted by the Council 19 Approved " 19— Mayor ' cv "6U&P 1, according to the coupons to be attached to .said bondaj that said bonds ' shell be'aerial in form, end a portion thereof shall-be Vgable ea.cb year eommeneing' -INJUA0, 1, 1969, bust none of edid bonde shall run for a longer period than thirty (30) - yeee be numbered 39536 to 41535 inclusive; and be' it ' FURTM- RESOLVED, that eaid•Two Killion Dollars ($2,000,000) par val.uo' bonds to be issued end 'sold for ouch Improvemeri Puurpos pea*a`and to be denominated as aforesaid,' "City of Ramat Paul S,obool Improvement Bonds, $erie`s 1260__AI"', shall mature serially ` • ocamencing' June 1, ' 1963, over said -thirty -year .period on the following dates and in ` the follo, i4rg- SMU4tas Date of Maturity Bond Numbere Amount _ Jun$'.1;A963 = 39536 -39575 .40„ Juno 1,, 1964 39576- 39615 . -'� 40,000 . June, 1, 1963 39616 -39655 . � � ' 40,E June 1 #•19.66. _ 39656 -39695 ^ - 40,E = June 1, 1967: 39696 -39733 -� i - 40,000 = June 1, 1968 39736- 39775- 40,E June- 3-, 1969 39776 - X39815 40pOOO , June Is 1970-1 39816.39875 60a0OO : Tune is 1971• 39876- 39935 60,000 suns z, 1972 '39936 -39995 60o=' June 1, 1973 39996 -40055 60,000 June Is 1974 �'' , 40056- -40115 60,000 ' - 'June 1, -1975' , <' 40+1{ 16 -AO175 60,OE30 June 1, 1976 ,x' 401.76 -40235 r 60,000 Junes 1, 1977' 40236 -40315 800000 Jan® 1, 1� 40316 -4o39S 80,000 June 1.,/1�79 40396- 40475 60-000 June 1980 : 404%-40555 So's(3 0 �i - June , 1981 40556;40535 • 80,000 June 16 1982 f 140636 -40715 80000 Jute, 1, 1983 4Q716-40795- 80,000 Jnine 1, 1984 , !�A0796 -40895 _ _ .,/dune 1, ..1985 k - 44696 -40995 1409000 June It 1986: '40996 -41095 100,(100 June 1, 1987 .F r 41Q9b- 1�1i.95 ' ' ` _ 1000000 - {� Sims It 1986 ` . 4119b- 43.295 T 100,000 , June 1, 1989 41296 -41415 120y000' Juma Z, 1990 ` % 41:416 -41535 120 000 That- said UOO..,paf value fionds to be issued for School Improvements • shall, be in the follo'I form; Which has,been' prepared by they Sinking Fund Con- - mittto and, approved by' the Corporation Counsel of tba City of Saint Paul and is hereby approved and adoptede • -2- - - - • . 196929 1 ° AUNITED .STATES OF :9WIOA STATE OF MINNF..SOTA ° _ WUNTY OF yiMSEr - CITY OF SAINT PAUL SCHOOL IMPROVEMENT BOND S-EKES .].960 RNOU Am. KEY BY THESE pRESUTS, that the City of Saint Paul, iii the COMV of Ramsey and State of Xinresota, acknowledges itself to owe and for value received. hereby promises to pay to BearOr the sum of One Tbou�e -nd Dollars (11,00074U) on -the f1ra�t day of ., 19 : '. together with Interest tbareQn from the date hereof until paid at he rate of percent per annum, payable semi- annually on the first mays of �ma� Deesi�� in each year as evidenced. by and upon the presentation and surrender of the annexed interest coupono an they severally become due. Both principal and interest on this bond are payeble.ln lawful money of the thi.ted States of Anericm'at the office of the�Commiablonen 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 Now York, Nov 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 irrevocably pledged. This bond is one 6f a aeries amounting in the aggregate; to the sum of Two yMillion nars2,00f;,EM� =,. Issued by chid City for the purpose of paying the cost of school impr6vements authorized by.•Ordinance No. 115751,_pacsod by the Council of paid City and duly signed, attested, approved. and published in the manner required by the Chowter of said. City, • mud approv ©d by the electors of said City of Saint Paul at the election held November 3, 1959, and under the authority of and in all respects 3n full compliance with Pection 217 of the Charter of said City of Saint-Paul,, and such other sections thereof as way be applicable thereto, and. Chapter 475, Minnesota. Statutea,1957, as amended.- It is hereby certified.and recited tht-t all thingp;'acts. and conditions required by the - Constitution and Laws of the State of Minnesota and tho Charter'of : said City to happen and be, done and performed precedent to and., iri the issuance of this bond, have happoped ,and been done and performed in regular and due fora and time as required by law and that the total indebtedness of s6id CItV, including this bond, does not exceed any constitutional., statutory or charter yimitations: ` IN tITBES.� NNIF3EOF, the -said ;Ci'b- of Saint Paul., by its Council has caused . this bond to'be sealed by the,facsimile of its OffieIL61 Seal, lithographed• thereon., to be signed bT• the lithographed fa.ceimila sigliatkre -of it:s Mayor, attested by the Y i lithographed faceii dle signature of Ito City Clerk v anc2 eounterstgried manually by its Comptroller, and each of the interest coupons' hereto attached to be executed by the lithograpbed faceimi.le.;tigneturos of said officeray this first day of > Mayor City Clerk Countersignedt i .. • • • • . * i • • • • ,-Comptroller DUPLICATE TO PRINTER CITY OF ST. PAUL OFFICE OF THE CITY CLERK COUNCIL RESOLUTION - GENERAL FORM PRESENTED BY COMMISSIONER DA "COUPON COUNCIL N929 O. X FILE No. . • • . • . • $♦ • . . On the first day of J -e , 19. . . the City of Saint Paul# Minnesota, December promises to pay to bearer . . Dollars ( ) 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, for interest due that day on its School Improvement Bond, Series 1960 n, dRted June 1, 19609 No. . Mayor Attest: • • • • ty • • • Ci Clerk Countersigned: . • . . . • • . . ♦ • • • . : • ♦ Comptroller" and be it FURTHER RESOLVED, that each said bond shall be sealed by the facsimile of the official Seal of the City of Saint Paul lithographed thereon and signed by the litho- graphed facsimile signature of the Mayor, attested by the lithographed facsimile signa- ture of the City Clerk, and countersigned manually by the City Comptroller, in accordance with Chapter 422, Laws of Minnesota 1951, and Section 475.55, Minnesota Statutes Anno- tated, and the interest coupons thereto attached shall be executed by the lithographed facsimile signatures of said officers; and be it FURTHER RESOLVED, that sealed proposals be received in the office of the City Comptroller in the Court House any City Hall Building, in the City of Saint Paul Minae- sota, up to ten o'clock a. m. 'C. D. .T.)_, for the sale of all or none 4f said bonds, after giving due notice of said sale in the manner prescribed by law, in the St. Paul Legal Ledger, the official paper of said City, and in the 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 caohier's cheek for two k2 per cent of the amount of bonds bid for, which will be forfeited to the City as liquidated damages if the bonds are not taken and paid for when ready for delivery; that the City Comptroller shall, at the next meeting after receiving said bids, present the same to the Sinking Fund Committee and the Council for their action thereon; and that said bonds shall be offered to the person who will pay P or at the lowest rate of interest, not exceeding six (6) per cent per annum. COUNCILMEN Yeas Nays DeCourcy Holland Mortinson Peterson Rosen Winkel Mr. President, Dillon 5M 7 -59 8 ---In Favor /J�Against thAY 3' Adopted by the Council 19 14AY 3Igo► . Approved 19 Mayor