186727 a' . e � ,
(t
Original to City Clerk 1`�r'
CITY OF ST. PAUL COUNCIL NO
OFFICE OF THE CITY CLERK ^ounci] F'?e No. 186727-By Mrs.Donald
COUNCIL RESOLUTION—GENERAL FORM '�
1 ',led of the City
p' to the provi-
PRESENTED BY 1 � ` �.L— C tir1� x135, adopted
COMMISSIONER ✓✓✓ DATE v'd by ih
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. 186055, approved February 5, 1958, authorize
the issuance of Four Million Three Hundred Eighty-three Thousand Dollars ($4,383,000.00)
par value bonds of the City of Saint Paul of which One Million Nine Hundred Thousand
Dollars ($1,900,000.00) was for the purpose of school improvements, being designated as
School Improvement Bonds, Series No. 6, and Two Million Four Hundred Eighty-three Thousand
Dollars ($2,483,000.00) was for general city improvements, being designated as General
Improvement Bonds, Series No. 6; 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 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 created 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 Four Million Three Hundred Eighty-Three Thousand Dollars
($4,383,000.00) in bonds so issued, when and as the same mature, and for an additional
direct tax 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 Four Million Three Hundred Eighty-three Thousand Dollars
($4,383,000.00) of bonds, the following direct annual irrevocable taxes, to-wit:
COUNCILMEN Adopted by the Council— 195_
Yeas Nays
DeCourcy
Holland Approved 195__
Marzitelli
In Favor
Mortinson
Peterson Mayor
Rosen Against
Mr. President, Dillon
5M 2.57 <�..rk*.,2
i8f 1727
•
For the year 1958 a tax sufficient to produce the sum of $65,745.00 for interest,
and the sum of $3,287.25, being at least 5% in excess thereof;
For the year 1959 a tax sufficient to produce the sum of $131,490.00 for interest,
and the sum of $6,574.50, being at least 5% in excess thereof;
For the year 1960 a tax sufficient to produce the sum of $131,490.00 for interest,
and the sum of $6,574.50, being at least 5% in excess thereof;
For the year 1961 a tax sufficient to produce the sum of $201,425.00 for principal
and interest, and the sum of $10,071.25, being at least 5% in excess thereof;
For the year 1962 a tax sufficient to produce the sum of $199.295.00 for principal
and interest, and the sum of $9,964.75, being at least 5% in excess thereof;
For the year 1963 a tax sufficient to produce the sum of $197,165.00 for principal
and interest, and the sum of $9,858.25, being at least 5% in''excess thereof;
For the year 1964 a tax sufficient to produce the sum of $213,750.00 for principal
and interett,and the sum of $10,687.50, being at least 5% in excess thereof;
For the year 1965 a tax sufficient to .produce the min of $211,050.00 for principal
and interest, and the sum of $10,552.50, being at least 5% in excess thereof;
For the year 1966 a tax sufficient to produce the sum of $228,050.00 for principal
and interest, and the sum of $11,402.50, being at least 5% in excess thereof;
For the year 1967 a tax sufficient to produce the sum of $224,750.00 for principal
and interest, and the sum of $11,237.50, being at least 5% in excess thereof;
For the year 1968 a tax sufficient to produce he sum of $231,300.00 for principal
and interest, and the sum of $11,565.00, being at east 5% in excess thereof;
For the year 1969 a tax sufficient to produce the sum of $237.550.00 for principal
and interest, and the sum of $11,8 77.50, being at least 5% in excess thereof;
For the year 1970 a tax sufficient to produce the sum of $233,650.00 for principal
and interest, and the sum of $11,682.50, being at least 5% in excess thereof;
For the year 1971 a tax sufficient to produce the sum of $239,600.00 for principal
and interest, and the sum of$11,980.00, being at least 5% in excess thereof;
For the year 1972 a tax sufficient to produce the sun of $245,250.00 for principal
and interest, and the sum of $12,262.50, being at least 5% in excess thereof;
For the year-1973 a tax sufficient to produce the sum of $240,750.00 for principal
and interest, and the sum of $12,037.50, being at least 5% in excess thereof;
18(;727
For the year 1974 a tax sufficient to produce the sum of $236,250.00 for principal
and interest, and the sum of $11,812.50, being at least 5% in excess thereof;
For the year 1975 a tax sufficient to produce the sum of $251,450.00 for principal
and interest, and the sum of $12,572.50, being at least 5% in excess thereof;
For the year 1976 a tax sufficient to produce the sum of $246,350.00 for principal
and interest, and the sum of $12,317.50, being at least 5% in excess thereof;
For the year 1977 a tax sufficient to produce the sum of $241,250.00 for principal
and interest, and the sum of $12,062.50, being at least 5% in excess thereof;
For the year 1978 a tax sufficient to produce the sum of $ 236,150.00 for principal
and interest, and the sum of $11,807.50, being at least 5% in excess thereof;
For the year 1979 a tax sufficient to produce the sum of $260,600.00 for principal
and interest, and the sum of $13,030.00, being at least 5% in excess thereof;
For the year 1980 a tax sufficient to produce the sum of $254,600.00 for principal
and interest, and the sum of $12,730.00, being at least 5% in excess thereof;
For the year 1981 a tax sufficient to produce the sum of $248,600.00 for principal
and interest, and the sum of $12,430.00, being at least 5% in excess thereof;
For the year 1982 a tax sufficient to produce the sum of $242,600.00 for principal
and interest, and the sum of $12,130.00, being at least 5% in excess thereof;
For the year 1983 4 tax sufficient to produce the sum of $256,300.00 for principal
and interest, and the sum of $12,815.00, being at least 5% in excess thereof;
For the year 1984 a tax sufficient to produce the sum of $249,700.00 for principal
and interest, and the sum of $12,485.00, being at least 5% in excess thereof;
For the year 1985 a tax sufficient to produce the span of $243,100.00 for principal
and interest, and the sum of $12,155.00, being at least 5% in excess thereof;
For the year 1986 a tax sufficient to produce the sum of $236,500.00 for principal
and interest, and the sum of $11,825.00, being at least 5% in excess thereof;
For the year 1987 a tax sufficient to produce the sum of $229,900.00 for principal
and interest, and the sum of $11,495.00, being at least 5% in excess thereof;
For the year 1988 a tax sufficient to produce the sum of $223,300.00 for principal
and interest, and the sum of $11,165.00, being at least 5% in excess thereof; be it
M"+ M'.
Original to City Clerk 181 4 42 l
CITY OF ST. PAUL COUNCIL NO
OFFICE OF THE CITY CLERK FILE
COUNCIL RESOLUTION-GENERAL FORM
PRESENTED BY
COMMISSIONER DATF
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 Adopted by the Council 114492 6 11, 8195
Yeas Nays MAR DeCourcy MAR 261958
Holland Approved _ 195__
In Favor 62��'�
Mortinson ,A
Peterson ( Mayor
Rosen ut.)`„ Against _6%
Mr. President, Dillon
5M 2-57 + .2
STATE OF MINNESOTA ) CERTIFICATION AS TO TAX LEVY
(SS AND REGISTRY OF BONDS UPON
COUNTY OF RAMSEY ) 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 28th day of March, 1958, a certified copy of
Council File No. 186727 adopted March 26th, 1958, by the City Council
of the City of St. Paul levying taxes for $1,900,000.00 School
Improvement Bonds, Series No. 6, and $2,483,000.00 General Improve-
ment Bonds, Series No. 6 dated March 1, 1958, 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 Minn-
esota Statutes Annotated that said bond issue has been entered
and registered upon the County Auditor's bond register File No. 234
and that such tax for the payment thereof has been levied as required
by law.
WITNESS, my hand and official seal this 31st day of March, 1958.
EUGENE NICK, County Auditor,
Entered in Bond Register this
31s;t day of March, 1958.