197672' I
Mayor October 3, 1958, and ratified by
the electors of the City of Saint Paul � r,
ORIGINAL?TO CITY CLERK 1 di an election held November 4, 19p_�;. -/
` ! � did, by Resolution C. F. No. 196888, a _ N
CITY OF ST. PAUL issuance April ad sale by�said City of Saint
N�
OFFICE OF THE CITY' CLE Paul °f $said City Paz value of the
bonds of said City authorized to be'
CO NCIL R "O U ION— GENER�
issued and sold by said c,ty under;
PRESENTED BY /
C0MMISSIONE R. p F
WHEREAS, the Council of the City 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. 196886, approved April 28, 1960, authorize the issuance and sale by
said City of Saint Paul of $2,000,000 par value of the bonds of ,s•8,id City
authorized to be issued and sold by_ said City under and by virtue of said
Ordinance No. 11322, for the procurement by -said City of additional funds
in the sum of $2,000,000 necessary for the purposes of extending, enlarg-
ing, improving and bettering the Water Works System owned and operated
by said City, said bonds being designated as "City, of Saint Paul Water
Works Bonds, Series 1960 B"; and jp
NHERFAS, Chapter [.75, 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 ad valorem tax upon all taxable ".0- 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 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 purpose of providing for the payment of the
principal and interest upon the said $2,000,000 in bonds so issued and sold,',
when and as the seine 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 $2,000,000 of bonds, the following direct annual irrevocable
taxes, to -wit:
COUNCILMEN
Yeas Nays
DeCourcy
Holland
Loss
Mortinson
Peterson
Rosen
Mr. President, Vavoulis
ISM 5.60 JMO 2
Tn Favor
Against
Adopted by the Council 19—
I
Approved 19— j
t1
i
BUDGET
TAX FOR
TAX FOR
IM672
TAX RIIQUIRED BY
CHAPTER !,75,
MINNESOTA STATUTES
1957s- AS AMENDED,
5% ' THEREOF AND IN
EXCESS OF PRINCIPAL
196o
34,000
1,700.00
1961
67,320
4o;000
5,366.00
1962
65,960
4o,000
5,298.00
1963
64,600
40,000
59230.00
1964
63,240
4o,000
5,162,00
1965
61, 880
Oar, oo0
5, o94.00
1966
60,350
50,000
59517.50
1967
58,650
50,000
59432.50
1968
569950
509000
5,347.50
1969
559250
50,000
5,262.5o
1970
53.550
509000
5,177.50
1971
51,68o
6o,o0o
5,584.00
1972
499640
6o,000
5,482.00
1973
47,600
6o,000
5,380.00
1974
459560
6o,000
5,278.00
1975
43,520
66,000
5,176.00
1976
419310
70,000
5,565.50
1977
38,930,:
70,000
5,446.50
1978
36,550
709000
5027.50
1979
34,170
709000
59208.50
1980
31,790
70,000
5,089.50
1981
29,_2j48 , ,.
_ 809000 _
5, 462.00
1982
269520
- 80,000
5,326.00
1983
239800
80,000
5,190.00
1984
20,910
909000
59545.50
1985
17,850
90,000
5,392.50
1986
149790
90,000
5,239.50
1987
11,730
90; -000
59086.50
1988
8,500
1009000
5,425.00
1989
5,100
100,000
59255.00
1990
1,700
1009000
59085.00
r,
-2-
TOTAL
35.700.00
112,686.00
111,258.00 `
109,830.00 `
108,402.00 .
lo6,974.00 'r
115,867.50-,
114,082.50
112,297.50 ;
110,512.50
1089727.50`1
117,264.00
115,122.00 '
112,980.00
110,838.00
lo8,696.00
116,875.50
114,376.50
111,8 77.50 i
109,378.50
106,879.50
114,702.00
111,846.00
108,990.00 '
116,455.50
113,242.50
110,029.50 1
lo6,816.50-
113,925•00,
110055.00 1
lo6,785.00'
ORIGINAy TO CITY CLERK
• CITY OF ST. PAUL �
FILE
OFFICE OF THE CITY CLERK FIDE NO. _
COUNCIL RESOLUTION - GENERAL FORM
PRESENTED BY
COMMISSIONER DATE
be it
FURTHER RESOLVED, that in the event any principal aid 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 herebyirrevocably
appropriated to said account, and that the City Clerk be and is hereby in-
structed to file in the office of the County Auditor of Ramsey County a
certified copy of this resolution, 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 haas been entered on his register and that a tax has been levied
as required by law, in accordance with the prov'itions 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.
COUNCILMEN
Yeas Nays
DeCourcy
Holland
Loss
Mortinson
Peterson
V�
Mr. Presidentt,/ /VVa *Q
EM 5.60 @W 2 [ /1
Adopted by the Council JUN 211960 19—
JUN U N 11960 11g 19—
-In Favor _
Mayor
Against - 's
-3- {
F �.
OF CITY
$TATE OF MINNESOTA ) CERTIFICATION AS TO SAX LEVY
)SS AND
COUNTY OF RAMSEY ODUUNTYGAAUDITOR'S BOW &IR PM 2.
S01 c�1� M,NRESOi P
;;i ?Y CLERK
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 22nd day of June, 1960, a certified copy of Council File
No. 197672 adopted June 21, 1960, by the City Council of the City of
Saint Paul levying taxes for $20000,000.00 City of Saint Paul Water
Works Bonds, Series 1960B, dated June 1, 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 Auditor's bond register File No. 304 and that such tax
for the payment thereof has been levied as required by law.
WITNESS, my hand and official seal this 23rd day of June, 1960.
Entered in Bond Register this
23rd da of June, 1960.
If
EWH69 A. MONICK County Auditor,