195401Council File No. 195401 —By Joseph E.
31 IGINAL TO CITY "CLERK A r Dillon, mayor—
CITY (r Whereas, The- Council of the City
r- ,of Saint Paul, pursuant to the pro -
O F� i the Council and approved enacted
OFFICE I by e
C NCIL RESOLI;'Mayor, September 10, 1959, did, by
resolution C. F. No. 195208, approved
December 30, 1959, authorize the issu-
e-7/1 �ance and sale by said City of Saint
PRESENTED BY L Paul of $500,000 par value of the bonds
C�$MhFF56'I`07VE of said City authorized to be issued
and sold by said City under and by
,vir�ttP -..of f;l��n ;er+„390,, Sessior�I.awe-
1 95401
COUNCIL NO.
the Council of the City of Saint Paul, pursuant to the
provisions of Ordinance No. 11554, enacted by the Council and approved by
the Mayor September 10, 1959, did, by resolution C. F. No. 195208, approved
December 30, 1959, authorize the issuance and sale by said City of Saint Paul
of $500,000 par value of the bonds of said City authorized to be issued
:aa�d sold by said City under and by virtue of Chapter 3�3, Session Laws of
iiiinnesota.for 1957, for the procurement by said City of ,additional funds in
t..� sum of $500,000 necessary for the payment of said City's share of the
cost and expense of acquiring, erecting, equipping, and furnishing of a
Joint City and County Detention Yacilitjn, or Facilities and a Joint City
aaid County workhouse of the City of Saint Paul and the County of Ramsey,
a: .authorized and provided by Chapter 353, Session Laws of Minnesota for
1955, •as amended, said bonds being designated-as Detention and workhouse
Facilities Bonds; and
VEEREAS, Chapter 475, Minnesota. Statutes 1957, as amended, provides
that the governing-,body of .any municipality issuing general obligations
shall, prior to the delivery of the obligations, levy by resolution a direct
general aid 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 pzo� es 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 meet, when due, the principal_,and interest payments on the obligations,
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 purposeCese) of providing for the
payment of the principal and interest upon the sai $500,000 in bonds so issued
and aol,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 $500,000 of bonds, the following direct .annual irrevocable
taxes to-wit:
COUNCILMEN Adopted by the Council 19
Yeas Nays
DeCourcy
Holland
Mortinson
Peterson Tn
Rosen
Winkel A g
Mr. President, Dillon
5M 7 -50 , QR08
' _ Vim'
U•
•
F
TAX REgUIRED BY CHAPTER
_5401
MINNESOTA STATUTES
' .XF5?,? AS AMMED, 5%
THEREOF AND IN EXCESS AF
BUDGET
TAX FOR
TAX FOR
PRINCIPAL AMID INTEREST
TOTAL
YEAR
PRINCIPAL
INTEREST
PAYABLE
TAX
1960
9,500.00
475.00
9,975.00
1961
19,000.00
950.00
19,950.00
1962
199000.00
950.00
19,950.00
1963
10,000.00
18,810.00
1,440.50
30,250.50
1964
lo,000.00
18,43o.00
1,421.50
29,851.50
1965
10,000.00(
18,050.00
1,402.50
29,452 *50
1966
10,000.00
17,670.00
1,383.50
29,053.50
1967
10.,000600
17,290.00
1,364.50
28,654.50
1968
109000.00
16,910.00
1,345.50
28,255.50
1969
r
10,000900
16,530.00
1,326.50
27,856.50
1970
15,000.00
16,,055.00
1,552.75
32,607.75
1971
15,000.00
,15,485.00
1,524.2.5
32,009.25
1972
15,000.00
14,915.00
1,495.75
31,410.75
1973
15,000.00
14,345.00
1,467.25
30,812.25
1974
15,000.00
13,775.00
1,438.75
30,213.75
1975
15,000.00
13,205.00
1,41o.25
29,615.25
1976
15,000.00
12,635.00
19381.75
29,016.75
1977
20,000.00
11,970.00
1,598.50
33,568.50
1978
20,000.00
11,210.00
1,56o.50
32,770.50
1979
20,000.00
10,450.00
1,522.50
31,972.50
1980
20,000.00
9,69o.00
1,484.50
31,174.50
1981
20,000.00
8,930.00
1,446.50
30,376.50
1982
20,000.00
8,170.00
1,408.50
29,578.50
1983
20,000.00
7,41o.00
1,370.50
28,780.50
1984
25,000.00
6,555.00
1,577.75
33,132.75
1985
25,000.00
5,605.00
1,530.25
32,135.25
1986
25,000.00
4,655.00
1,482.75
31,137.75
1987
25,000.00
3,705.00
1,435.25
30,14x•25
1988
25,000.000
2,755.00
1,387.75
29,142.75
1989
30,000.00
1,710.00
1,585.50
33,295.50
1990
30,000.00
570.00
1,528.50
32,098.50
4
'� —2—
r
�pRIQt L TO CITY CLERK ^ COUNCIL 401
. _ CITY OF ST. PAUL FILE NO.
OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION - GENERAL FORM
PRESENTED BY
COMMISSIONER DATE
be it
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 res. olution, together with full information 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 emended; 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 takes
of the City of Saint Paul, :and when collected shall be used solely for pW ing
the interest and principal of said bonds when :and as the same shall mature.
COUNCILMEN
Yeas Nays
DeCourcy
Holland
Mortinson
Peterson
Rosen
Winkel
Mr. President, Dillon
6M 7-69 8 -3-
JAN 15 1960
Adopted by the Council 19
JAN 15 1960
STATE OF MINNESOTA )
(SS
COUNTY OF RAMSSEY )
CERTIFICATION AS TO TAX LEVY
AND REGISTRY OF BONDS UPON
COUNTY AUDITOR'S BOND REGISTER
/ q'('*Y'9 /
I. the undersigned, being the duly qualified and acting County
Auditer, of Ramsey County, do hereby - certify that there was filed in my
office on the 15th day of January, 19609 a certified copy of Council File
No. 195401 adopted January 15, 19609 by the City Council of the City of
Saint Paul levying taxes for $5009000.00 Joint City and County Detention
and Workhouse Facilities Bonds, dated January 19 19609 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 Auditors bond register File No. 30 and that such tax
for the payment thereof has been levied as required by law.
WITNESS, my hand and official seal this 18th day of January, 1960.
A. MONICK, County Auditor,
Entered in Bond Register this
1Wda of January, 1960.
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