182344 Original to City Clerk 187_344 •
CITY OF ST. PAUL COUNCIL NO.
•
OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION-GENERAL FORM Council M. eCon yo_182344—By Mrs.Donald
. ■
/� WHEREAS, the Council of the City
PRESENTED BY / /�J_ of Saint Paul. pursuant ?o„RhP,r�wr.
COMMISSIONE' dam` /L / DATE singe n ; -
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. 112179, approved April 3, 1957,
authorize the issuance of Five Million, Six Hundred Sixty-three Thousand Dollars
05,663,000.00) par value bonds of the City of Saint Paul of which Two Million,
T1rro Hundred Thousand Dollars 02,200,000.00) was for the purpose of school imorove-
ments, being designated as School Improvement Bonds, Series No. 5, and Three
Million, Four Hundred Sixty-three Thousand Dollars (0,463,000.00) was for general
City improvements, being designated as General Improvement Bonds, Series No. 5; and
WHEREAS, Chapter 475, Minnesota Statutes 1953, as amended, proms d. G
that the governing body of any municipality issuing general oblitrations;�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 sinkirg 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 orinci-
pal and interest upon the said Five Million, Six Hundred Sixty-three Thousand
Dollars ($5,663,000.00) 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 addi-
tion to all other taxes, a tax for the payment of said Five Million, Six Hundred
Sixty-three Thousand Dollars (S5,663,000.00) 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 5'" ': 2
♦ .
I8 344
For the year 1957 a tax sufficient to produce the sum of :2,113.50
for interest, and the sum of $4,105.68, being at least 5% in excess thereof;
For the year 1958 a tax sufficient to produce the sum of $164,227.00
for interest, and the sum of 1,:,211.35, being at least 5% in excess thereof;
For the year 1959 a tax sufficient to produce the sum of $164,227.00
for interest, and the sum of $8,211.35, being at least 5% in excess thereof;
For the year 1960 a tax sufficient to produce the sum of $253,907.50
for principal and interest, and the sum of$12,695.38, being at least 5% in
excess thereof;
For the year 1961 a tax sufficient to produce the sum of $251,268.50
for principal and interest, and the sum of $12,563.43, being at least 5% in
excess thereof;
For the year 1962 a tax sufficient to produce the sum of $248,629.50
for principal and interest, and the sum of $12,431.48, being at least 5% in
excess thereof;
For the year 1963 a tax sufficient to produce the sum of $269,642.50
for principal and interest, and the sum of $13,482.13,being at least 5% in
excess thereof;
For the year 1964 a tax sufficient to produce the sum of $266,307.50
for principal and interest, and the sum of $13,315.38, being at least 5% in
excess thereof;
For the year 1965 a tax sufficient to produce the sum of 5287,610.00
for principal and interest, and the sum of $14,380.50, being at least 5% in
excess thereof;
For the year 1966 a tax sufficient to produce the sum of $283,550.00
for principal and interest, and the sum of $14,177.50, being at least 5% in
excess thereof;
For the year 1967 a tax sufficient to produce the sum of $304,127.50
for principal and interest, and the sum of $15,206.38, being at least 5% in
excess thereof;
For the year 1968 a tax sufficient to produce the sum of $299,342.50
for principal and ingest, and the sum of $14,967.13, being at least 5% in
excess thereof;
For the year 1969 a tax sufficient to produce the sum of $294,557.50
for principal and interest, and the sum of $14,727.88, being at least 5% in
excess thereof;
For the year 1970 a tax sufficient to produce the sum of $314,410.00
for principal and interest, and the sum of $15,720.50, being at least 5% in
excess thereof;
For the year 1971 a tax sufficient to produce the sum of $308,900.00
for principal and interest, and the sum of $15,445.00, being at least 5% in
excess thereof;
—2—
187_344
_ .
For the year 1972 a tax sufficient to produce the sum of $303,390.00
for principal and interest, and the sum of $15,169.50, being at least 5% in
excess thereof;
For the year 1973 a tax sufficient to produce the sum of $312,662.50
for principal and interest, and the sum of $15,633.13, being at least 5% in
excess thereof;
For the year 1974 a tax sufficient to produce the sum of $316,572.50
for principal and interest, and the sum of $15,828.63, being at least 5% in
excess thereof;
For the year 1975 a tax sufficient to produce the sum of $310,337.50
for principal and interest, and the sum of $15,516.88, being at least 5% in
excess thereof;
For the year 1976 a tax sufficient to produce the sum of $304,102.50
for principal and interest, and the sum of $15,205.13, being at least 5% in
excess thereof;
For the year 1977 a tax sufficient to produce the sum of $312,650.00
for principal and interest, and the sum of $15,632.50. being at least 5% in
excess thereof;
For the year 1978 a tax sufficient to produce the sum of $320,762.50
for principal and interest, and the sum of $16,038.13, being at least 5% in
excess thereof;
For the year 1979 a tax sufficient to produce the sum of $313,657.50
for principal and interest, and the sum of $15,682.88, being at least 5% in
excess thereof;
For the year 1980 a tax sufficient to produce the sum of $321,335.00
for principal and interest, and the sum of $16,066.75, being at least 5% in
excess thereof;
For the year 1981 a tax sufficient to produce the sum of $313,795.00
for principal and interest, and the sum of $15,689.75, being at least 5% in
excess thereof;
For the year 1982 a tax sufficient to produce the sum of $316,110.00
for principal and interest, and the sum of $15,805.50, being at least 5% in
excess thereof;
For the year 1983 a tax sufficient to produce the sum of $323,062.50
for principal and interest, and the sum of $16,153.13, being at least 5% in
excess thereof;
For the year 1984 a tax sufficient to produce the sum of $314,797.50
for principal and interest, and the sum of $15,739.88, being at least 5% in
excess thereof;
For the year 1985 a tax sufficient to produce the sum of $306,532.50
for principal and interest, and the sum of $15,326.63, being at least 5% in
excess thereof;
—3—
• 182344
Original to City Clerk
CITY OF ST. PAUL FOENCIL Na
OFFICE OF THE CITY CLERK
• COUNCIL RESOLUTION-GENERAL FORM
- N
PRESENTED BY
COMMISSIONER —_ DATF
For the year 1986 a tax sufficient to produce the sum of 013,050.00
for principal and interest, and the sum of $15,652.50, being at least 5% 1u
excess thereof;
For the year 1987 a tax sufficient to produce the sum of 004,350.00
for principal and interest, and the sum of $15,217.50, being at least 5% iu
excess thereof; be it
-----
FURTHER. RESOLVED, that in the event any principal and interest come clue 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 47.5, Minne-
sota Statutes 1953, as amended, and that the tax levy required for the purpose has been
made; be it
FURTHITP 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 pro-
visions 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.
•
APR 16 197
COUNCILMEN Adopted by the Council _ ASR 1 61
Yeas Nays
DeCourcy
Holland Approved
195_
Marzitelli n
In Favor \ c v'V 0
Mortinson
Peterson Mayor
Rosen Against
Mr. President, Dillon
5M 2-572
PUBLISHED_p=- LLD--5-7
. / 034
'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 17th day of April, 1957, a certified copy of Council File
No. 182344 adopted April 16th, 1957, by the City Council of the City of
St. Paul levying taxes for $2,200,000.00 School Improvement Bonds,
Series No. 5, and $3,463,000.00 General Improvement Bonds, Series No. 5
dated April 1, 1957, 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. 201 and that such tax
for the payment thereof has been levied as required by law.
WITNESS, my hand and official seal this 17th day of April, 1957.
EUGEN/A. MONICX, County Auditor,
/
Z..t.—_,_, /2 t-t 4-•,---G-t__A... ,L.,,e ,
,
l/Y
Entered in Bond Register this
17th day of April, 1957.
(1/
4
t 1LLD
OF CI
CLERK
1951 APR 17 PM 3 20
SAItt'
:;■TY CLHK
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Adopted by the Council 195_
Yeas Nays
•/DeCOURCY
„�vt,1,AND
ARZITELLI
/1cIORTINSON
TERSON
OSEN
XR. PRESIDENT (DILLON)
, a
Harris Trust and Savings Bank,
115 West Monroe St.,
Chicago 90, Illinois.
Attention:
Mr. Hiram F. Bright,
Assistant Vice President.