193766Orlg3na1_to,City Clerk '
PRESENTED
COMMISSIi
CITY OF ST. PAUL
OFFICE OF THE CITY CLERK
UNgIL RESOLUTION — GENERAL FORM
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.R 193766 —By Joseph
mciga ,EIVel fzp— (?4I;ES
VHEREfAS, by Council File No. 101844, being Ordinance No. 7652,
approved November 6, 1935, the City Council authorized the sale of
$2,205,000 par value of the bonds of the City of Saint Paul, for
the purpose of paying the share of the City -of Saint. Paul of the
cost of that portion of the system for the collection, treatment,
and disposal of sewage and waste matter, used by the City of
' /Saint Paul jointly with the City of Minneapolis and forming a part
/ of the complete plan of the sewage collection and treatment
VV system of the Minneapolis - .Saint Paul Sanitary District;, and
WHEREAS, pursuant-to such authority the Council by Resolution
Council File No, 102044,'.approved November 13, 1935, issued and
/;old $1,000,OOO� par value of the bonds of the City of Saint Paul for said purpose ; ,and
WHEREAS, pursuant to such authority the Council by Resolution
Council File No. 107881, approved July 2, 1937, issued and sold
$500,000 par value of the bon: of the City of Saint Paul for
said purpose; and
WHEREAS, pursuant to such authority the Council by Resolution
Council File No. 109778, approved'January 11, 1938, issued and sold
$184,000 par value of the bonds of,. the City of Saint Paul for said
___- purpose; and
'WHEREAS,,.pursuant to such authority the Council by Resolution
Council:'Fi -le No. 153867, approved September 27, 1950, issued and
V sold $75,000 par value of the. bonds of the City of Saint Paul for
said purpose, and
'WHEREAS, the remaining $446,000 par value of the bona of the
City of Saint Paul authorized to be issuedland sold for the purpose
aforesaid, under said Ordinance,No. 7652, approved November 6, 1935,
in no part have been issued or sold and it has become and is
necessary to issue and sell $150,000 par value of such remainder
of such authorized bonds of the City of Saint Paul for said purpose
to procure moneys necessary for said Cityts payment of its accrued
COUNCILMEN
Yeas Nays
DeCourcy
Holland
Marzitelli
Mortinson
Peterson
Rosen
Mr. President, Dillon
SM 2 -57 .2 ,
In Favor
%C) Against
Adopted by the Council 195—
93'66 ,
and unpaid apportioned share of capital expenditures for additional
capital_irrpxovements and''additians.to said sewage collection and
treatment system of said Minneapolis -Saint Paul Sanitary District,
made necessary to °insure an increased- capacity_,of the -same
necessitated by an - increased volume of sewage and waste material
now being collected and treated by' the same and - forming a part of ,
its aforesaid complete -:plan fox-sewage-collection and treatment,
therefore be it
RESOLVED, that additional bonds. of the City of Saint
Paul authorized by said Ordinance No.,,7652,be sold in the manner
provided b law, in the amount of One,Hundred Fifty Thousand
Dollars ��V4150,000) par value, said- bonds to be in denomination
lof- $1,000 °each; to be dated,September 1, 1959.9 to bear interest
.at a rate not exceeding five per cent (5%);per- annum, payable `L
semiannually on March_lst and September 1st according to.the �
interest coupons to be 'attached to.said bonds; said bonds shall- '
be serial and a portion thereof shill be p?pable each year commencing
.September 1, 1962, the third year -after the date•of the same, but
none of said bonds shall run for a longer pe'xiod than thirty years
after the date of the same. Said bonds'shall be designated as
"Sewage Disposal System Bonds - "Series No, 711, and the numbers of.
said bonds and the dates on which said bonds shall mature and the
amounts that shall-mature annually over -said period shall be -as :
follows: : -
SEWAGE DISPOSAL SYSTEM BONDS
= SERIES N0, 7
Date of Maturity -Bond Numbers Amount
N September 1, -1962 37753 -- :37755 - $ 3,000
" 1, 1963 - 37756-- 37758 `3,000 _
1, 1964 37759 37761- - 3,000
" 1, 1965 37762 = 37764 3 000
'r = 1, 1966 37765 - 37767 3,000
4 1967 37768 - 37771 4,000
" 1, 1968- 37772 - 37775 4,000
" . 1, 1969 37776 --,37779 4,000- _
`* 1, 1970 37780,- 37783 4, 000
n 1;- 1971 37784,- 37787 4,000
" 1, 1972 37788 - -37792 n 59,000
n 1, 1973 37793 - -37797 5,000
`= 1, 1974 - 37798 - 37802 5,000
-_ n 1; 1975 -- 37803 - 37807 5,000
`r 1, 1976 37808 37812 5,000 _
`f 1, 1977 . -37813 - 37818 6,000
" 1, 1978 37819 - 37824 6,000
1, 1979 37825 - 37830 6,000
" 1, 1980 37831 - 37836 6,000 -.
•1., 1981 37837 - 37842 -6,000
,2
Orlv6l to %City Clerk
PRESENTED
COMMISSI
'. r
CITY OF ST. PAUL
OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION — GENERAL FORM
September
1,
1982
37843
It
1,
1983
37850
It
19
19844
37857
if
1,
1985
37864
it
1,
1986
37871
19
1987
37879
19
1988
37887
1,
1989
37895
COUNCIL 19? to 6
FILE NO.-
- 37849
$79000
- 37856
7,000
- 37863
79000
- 37870
79000
- 37878
8,990
-37886 _
89000
- 37894
89000
- 37902
8,000.
$150,000
That said bonds shall be in a form later to be determined.
That such form of said bonds shall be prepared by said City's
Sinking Fund Committee, approved by Chapman and Cutler, its Bond
Counsel, approved by its Corporation Counsel and adopted by its
Council.-
RESOLVED FURTHER, that sealed proposals be received at
the office of the City Comptroller, in the Court House and City.
Hall Building in said City of Saint Paul, up to ten o'clock A.-M.
(C.S.T. ) on September 30, 1959•J. ",for the sale of all or none of said
bonds after giving due notice pf'`such sale in the manner prescribed
by law, in the Saint Paul °Legal Ledger, the official paper of said
City and in the Commercial West, a financial periodical published
in the State of Minnesota. Each bidder shall be required to
acco anY his bid by a certified or cashier's check for two per
cent-12% J of--the amount- of "bonds bid for, which shall be forfeited
to the City as liquidated damages if the bonds are not taken and
paid for when ready for delivery.
The City Comptroller shall at the next meeting after
receiving said bids, present the same to the Council for its
action thereon. The said bonds shall be offered to the person who
will pay par or better therefor, at the lowest Pate of interest,
not exceeding five per cent(5 %).
COUNCILMEN
Yeas Nays
DeCourcy
Holland
14+or ir° ^r
Peterson
Rosen: /�
Mr. President, Dillon
5M 2 -57 QW2
—In Favor
Against
pUG 2 g �g59
Adopted by the Council 195—
AUG 2 81959
_ AD roved 195 —
Mayor