191149ORIGINAL TO CITY CLERK
PRESENTED BY
COMMISSIONER
CITY OF ST. PAUL
OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION - GENERAL FORM
COUNCIL
FILE
191149
Council File No. 191149 —By Joseph E.
Dillon, mayor —
WHEREAS, the Council of the City
of Saint Paul, pursuant to the pro-
visions of Ordinance No_10135, adopted
by the Council and approved by the
Mayor September 9, 1953. and ratified
WHEREAS, the Council of the City of Saint Paul, pursuant to the provisions of
Ordinance No. 10135, adopted by the Council and approved by the Mayor September 9, 1953•
and ratified by the electors of the City of Saint Paul at an election held November 3, 1953,
did by resolution, Council File No. 190570, approved January 13, 1959, authorize the
issuance of Five Million Five Hundred One Thousand Dollars ($5,501,000.00) par value bonds
of the City of Saint Paul for general city improvements, being designated as General Improve-
ment Bonds, Series No. 7; and
WHEREAS, Chapter 475, Minnesota Statutes 1953, as amended, provides that the
governing body of any municipality issuing general obligations, shall prior to the delivery
of the o 'bliga.tions, 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 municipality's
regular sinking fund, for each issue of obligations, and shall irrevocably appropriate the
taxes so levied and any special assessments or other revenues 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 Five Million Five Hundred One Thousand Dollars ($5,501,000.00)
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 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 Five Million Five Hundred One Thousand Dollars ($5,501,000.00) of bonds, the
following direct annual irrevocable taxes, to -wit:
COUNCILMEN
Yeas Nays
DeCourcy
Holland
Mortinson
Peterson
Rosen
Winkel
Mr. President, Dillon
5M 5.58 cQW2
Adopted by the Council 19—
Approved 19—
Tn Favor V W►'v- a�C
Mayor
Aroainst
M,
191149
TAX REQUIRED BY
CHAPTER 4759
LAWS OF MIMSOTA,
1953 -5% IN EXCESS
BUDGET TAX FOR TAX FOR OF PRINCIPAL AND TOTAL
YEAR PRINCIPAL INTEREST INTEREST PAYABLE TAX
1959 88,016.00 4,400.8o 92.416.80
1960 176,032.00 89801.60 184,833.6o
1961 176,032.00 8,8ol.60 184,833.6o
1962 85,000.00 174,672.00 12,983.6o 272.655.60
1963 859000.00 171,952.00 12,847.60 269,799.60
1964 85,000.00 169,232.00 12,711.60 266,943.60
1965 110,000.00 166,112.00 13,805.6o 289,917.60
1966 1109000.00 1629592.00 13,629.6o 286,221.6o
1967 135,000.00 158,672.00 14,683.6o 308,335.60
1968 135,000.00 154,352.00 14,467.6o 303,819.60
1969 16o,000.00. 149,632.00 15,481.6o 325,113.60
1970 16o,000.00 144,512.00 15,225.6o 319,737.6o
1971 16o,000.00 139,392.00 14,969.60 314,361.6o
1972 1909000.00 133,792.00 16,189.6o 339,981.6o
1973 190,000000 127,712.00 15,885.60 333 597.60
1974 190,000000 1219632.00 15,581.6o 327,213.60
1975 190,000000 1159552.00 15,277.60 320,829.60
1976 2209000.00 108,992.00 16,449.60 345,441.60
1977 2209000900 101,952.00 16,097.60 338,049.60
1978 220,000.00 94,912.00 159-745.60 330,657.60
1979 220,000.00 879872.00 15,393.60 323,265.60
1980 24o,000.00 80,512.00 16,025.6o 336.537.60
1981 24o,000.00 729832.00. 159641.60 328,473.6o
1982 24o,000.00 659152.00 15,257.60 320,4o9.6o
1983 24o,000.00 579472.00 14,873.6o 312,345.60
1984 2659000.00 49092.00 15,719.6o 330,111.6o
1985 2809000.00 4o,672.00 16,033.6o .336,705.6o
1986 2809000.00 319712.00 159585.60 327,297.60
1987 28o,000.00 22,752.00 15,137.60 317,889.60
1988 2859000.00 13,712.00 14.935.60 313,647.60
1989 286,000.00 4,576.Oo 149528.80 305,104.80
TAX REQUIRED BY
CHAPTER 4759
LAWS OF MIMSOTA,
1953 -5% IN EXCESS
BUDGET TAX FOR TAX FOR OF PRINCIPAL AND TOTAL
YEAR PRINCIPAL INTEREST INTEREST PAYABLE TAX
1959 88,016.00 4,400.8o 92.416.80
1960 176,032.00 89801.60 184,833.6o
1961 176,032.00 8,8ol.60 184,833.6o
1962 85,000.00 174,672.00 12,983.6o 272.655.60
1963 859000.00 171,952.00 12,847.60 269,799.60
1964 85,000.00 169,232.00 12,711.60 266,943.60
1965 110,000.00 166,112.00 13,805.6o 289,917.60
1966 1109000.00 1629592.00 13,629.6o 286,221.6o
1967 135,000.00 158,672.00 14,683.6o 308,335.60
1968 135,000.00 154,352.00 14,467.6o 303,819.60
1969 16o,000.00. 149,632.00 15,481.6o 325,113.60
1970 16o,000.00 144,512.00 15,225.6o 319,737.6o
1971 16o,000.00 139,392.00 14,969.60 314,361.6o
1972 1909000.00 133,792.00 16,189.6o 339,981.6o
1973 190,000000 127,712.00 15,885.60 333 597.60
1974 190,000000 1219632.00 15,581.6o 327,213.60
1975 190,000000 1159552.00 15,277.60 320,829.60
1976 2209000.00 108,992.00 16,449.60 345,441.60
1977 2209000900 101,952.00 16,097.60 338,049.60
1978 220,000.00 94,912.00 159-745.60 330,657.60
1979 220,000.00 879872.00 15,393.60 323,265.60
1980 24o,000.00 80,512.00 16,025.6o 336.537.60
1981 24o,000.00 729832.00. 159641.60 328,473.6o
1982 24o,000.00 659152.00 15,257.60 320,4o9.6o
1983 24o,000.00 579472.00 14,873.6o 312,345.60
1984 2659000.00 49092.00 15,719.6o 330,111.6o
1985 2809000.00 4o,672.00 16,033.6o .336,705.6o
1986 2809000.00 319712.00 159585.60 327,297.60
1987 28o,000.00 22,752.00 15,137.60 317,889.60
1988 2859000.00 13,712.00 14.935.60 313,647.60
1989 286,000.00 4,576.Oo 149528.80 305,104.80
Y ' • V 4V i 14
,ORIGINAL TO CITY CLERK
.. • CITY OF ST. PAUL CIOE NCIL 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-funds of 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
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 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 has been levied as required by law, in accordance with the
provisions of Chapter 475, Minnesota Statutes 1953, 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
Rolland
Mortinson
Peterson
Rosen
Winkel
Mr. President, Dillon
5M 5.58 098DOD2
n Tn Favor
Against
FEB 27 1959
Adopted by the Council 19—
FEB 27 1959
Approved 19—
t
Mayor
t �
HALS EY, STUART dl. CO. INC.
CHICAGO. NEW YORK
AND OTHER PRINCIPAL CITIES
P. O. BOX 739
123 SO. LA SALLE ST. CHICAGO 90. ILL.
TELEPHONE STATE 2 -3900
March 5, 1959
Mr. Joseph R. Okoneski.,
City Clerk,
Bureau of Records,
386 City Hall and Court House,
St. Paul 2, Minnesota.
Dear Sir:
Thank you for your letter of March 3 with enclosures
pertaining to the St. Paul bonds recently purchased by us. We under-
stand that a delivery date has been set for New York and we have made
the necessary arrangements to complete the closing.
truly yo
For:
HALSEY, STUART & CO. Inc.
RESjr:del
STATE OF MINNESOTA )
(SS
ODUNTY OF RAMSEY )
CERTIFICATION AS TO TAX LEVY
AND REGISTRY OF BONDS UPON
COUNTY AUDIT'ORtS 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. 191149 adopted February 27th, 19599 by the City Council of the
City of Ste Paul levying taxes for $595019000.00 General Improvement
Bonds Series Noe 7 dated February 1, 1959, 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 475e63 Minnesota
Statutes Annotated that said bond issue has been entered and registered
upon the County Auditorts bond register File No. 262 and that such tax
for the payment thereof has been levied as required by law.
WITNESS, my hand and official seal this 3rd day of March, 19599
Entered in Bond Register this
3rd day of March, 1959.
EU N19 A. MONICK, County Auditor
L.,
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POST OFFICE DEPARTMENT FENAL7Y FOR PRIVATE USE 70 AVOID i
OFFICIAL ■USINESJ7 .PAYMENT OF POSTAGE, j700
F,9G.� ell 14f LFU POSTMARK Of
VING OFFICE
MAR 6
E
M r + 55
1959 FR�
INSTRUCTIONS: Ft s below and c N D
h plete .#1 on other side,'vlien applicable. Moisten
gummed ends and attach to back of article. Print RETURN
on front Of article RETURN RE PT REQUESTED. TO
REGISTERS 2 � N M O S D
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a�f CERTIFIED NO. Ei Aty1j `Og P. 0. __j / .7.,? / /
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