1911481 /OR16iNAL TO CITY CLERK,
PRESENTED BY
COMMISSION
CITY OF ST. PAUL
OFFICE OF THE CITY CLERK
COUNCIL .191148
FILE NO.
/COUNCIL R SOI:IIILOGENERAL_.FO M
Couflpil File No. 191148 —By Milton
Rosen —
WHEREAS, the Council of the City
of Saint Paul, pursuant to the pro-
visions of Ordinance No. 10849, adopted
b.
11ounc'1. ^7q,,approved, by the
WFUMMS, the Council of the City of Saint Paul, pursuant to the provisions of
Ordinance No. 10849, adopted by the Council and approved by the Mayor October 20, 1956, and
ratified by the electors of the City of Saint Paul at an election held November 69 1956, did
by resolutions, C. F. No- 190558, approved January 9, 1959 and C. F. No- 190571, approved
January 13, 1959, authorize the issuance of Three Million Dollars ($3,0009000.00) par value
bonds of the City of Saint Paul for the purposes of extending, enlargingg improving and
bettering the Water Works system owned and operated by said City, being designated as Water
Works Bonds, Series No. 4 and
WHFREAS9 Chapter 4,15, Minnesota Statutes 19539 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
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 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 municipalityls
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 Three Million Dollars ($3,0009000.00) in bonds so issued, when
and as the same mature, and for an additional direct tag in an amount not less than five per
cent (5 %) in excess of the sum required to pay such principal and interest when the same
mature, there is herebt levied on all of the taxable property in the City of Saint Paul, in
addition to all other taxes, a tag for the payment of said Three Million Dollars ($3,000,000.00)
of bonds, the following direct annual irrevocable taxes, to —wits
COUNCILMEN
Yeas Nays
DeCourcy
Holland
Mortinson
Peterson
Rosen
Winkel
Mr. President, Dillon
ern 5.58 2
In Favor
Against
Adopted by the Council 19—
Approved 19—
Mayor
BUDGET . TAX FOR TAX FOR
191.14
TAX REQUIRED BY
CHAPTER 4159
LAWS OF MIMMSOTA,
1953 -5% IN EXCESS
OF PRINCIPAL, AND TOTAL
YEAR
PRINCIPAL
INTEREST
INTEREST PAYABLE
TAX
1959
48,000.00
2,400.00
50,400.00
1960
6o,000.00
95,o4o.eo
7,752.00
162,792.00
1961
60,000:00
93,120.00
7,656.00
16o,776.00
1962
6o,000.00
-- 91,200.00 =
7,560.00
158,760.00
1963
6o,000.00
89,280.00
714464,00
156,744.00
1964
75,000.00
879120.00
8,106.00
170,226.00
1965
75,000.00
84,720.00 „
_ 7,986.o0
167,7o6.00
1966
75,o6o.00
82,320.00
7,866.00
165,186.00
1967
759000.00
79,920.00
7,746.00
162,666.00
1968
75,000.00
779520.00 -_
7,626.00
160,146.00
1969
75,000.00
75,120.00
7,5o6.00
157,626.00
1970
90,000.00
72,480.00
8,124.00
170,604.00
1971
90,000.00
69,600.00
7,980.00
167,580.00
1972
90,000.00
66,720.00
7,836.00
164,556.00
1973
900000.00
63,84o.00
7,692.00
161,532.00
1974
90,000.00
6o,96o.00
7,548.00
158,508.00
1975
105,000.00
57,840.00
8,142.00
170,982.00
1976
1059000.00
54,480.00
79974.00
167,454.00
1977
1059000.00
51,120.00
7,806.00
163,926.00
1978
105,000.00
47,76o.00
7,638.00
160,398900
1979
105,000.00
44,400.00
7,470.00
156,870.00
1980
120,000.00
4o,800.00
8,o4o.o0
168,840.00
1581
120,000.00
36,96o.00
79848.00
164,808.00
1982
120,000.00
33,120.00
7,656.00
16o,776.00
1983
120,000.00
29,280.00
7,464.00
156,744.00
1984
135,000.00
25,200.00,
8,010.00
168,210.00
1985
135,000.00
20,880.00
7,794.00
163,674.00
1986
135,000.00
16,56o.00
7,578.00
159,138.00
1987
1509000.00
12,000.00
8,100.00
170,100.00
1988
150,000.00
7,200.00
7,86o.00
165,o6o.00
1989
150,000.00
2,400.00
79620.00
160,020.00
0R14'INAL TO CITY CLERK- V .191 148
CITY OF ST. PAUL F °E "�'� NO.
OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION - GENERAL FORM
PRESENTED BY
COMMISSIONER DATE
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 iof 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 information regard-
ing 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 1953, 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 h4een levied as required by law, in accordance
with the provisions of Chapter 475, MinnessOta Statutes 1953, as amended; be it
FURTHER RESOLVED, that such taxes shall be collected d,nd payment thereof
enforced at the same time and with arO.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 I Nays
DeCourcy
Holland
Mortinson
Peterson
Rosen
Winkel
Mr. President, Dillon
SM 5.58 2
Favor
0 Aroainst
FEB 2 71959
Adopted by the Council 19
FEB 2 71959
Approved 19—
( 'N Mayor
STATE OF MINNESOTA )
(SS
COUNTY OF RAMSEY )
CERTIFICATION AS TO TAX LEVY
AND REGISTRY OF BONDS UPON
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 2nd day of March, 1959, a certified copy of Council File
No. 191148 adopted February 27th, 19599 by the City Council of the
City of Ste Paul levying taxes for $3,000,000.00 Water Works Bonds
Series Noe 2 dated February 19 1959, as the same fall due and to pay
and discharge the principal and interest thereof at'maturitye
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 Noe 263 and that such tax
for the payment thereof has been levied as required by laws
WITNESS, my hand and official seal this 3rd day of March, 1959e
EUGEN MONICK, County Auditor
Entered in Bond Register
this 3rd day of March, 1959.
o