180378 •orioinat to CIO Clerk . ' p
'R ORDINANCE
8sF'. - COUNCIL FILE NO. ►3'78
PRESENT D B�' "� ORDINANCE NO. 0 0 �r
,ice of ix-,.14-.4,4
An ordinance providing for the. issuance of Six
Hundred Fifty Thousand Dollars ($650,000.00) City
of Saint Paul Detention and Workhouse Facilities
Bonds, fixing the details and description, and
providing for the levy of taxes to pay the same,
and declaring this ordinance an emergency ordinance
necessary for the preservation of the public peace,
health, and safety.
WHEREAS, the Legislature of the State of Minnesota has enacted
Chapter 353, Session Laws of Minnesota for 1955; and
WHEREAS, by Council File No. 178116, designated further as
Ordinance No. 10787, approved June 19 1956, the Council of the City
of Saint Paul authorized the sale of $650,000.00 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 joint City and County detention and
workhouse facilities as provided under the terms of said Chapter 353,
Session Laws of Minnesota for 1955; and
WHEREAS, by Resolution designated as Council File No. 179639,
approved September 18, 1956, as amended by resolution designated as
Council File No. 180061, approved October 18, 1956, the Council of
the City of Saint Paul called for bids to be submitted to said City
on November 14, 1956 for the sale of Six Hundred Fifty Thousand
Dollars ($650,000.00) par value of said bonds; and
WHEREAS, it is now the intention of the Council of the City of
Saint Paul and it is now found and determined by the Council.of the
City of Saint Paul that it is advisable and necessary to issue at this
time the Six Hundred Fifty Thousand Dollars ($650,000.00) of bonds of
said City for the purposes hereinabove set forth, and to fix the
details and description and to provide for the levy of taxes to pay
the same; now, therefore
THE COUNCIL OF THE CITY OF SAINT PAUL DOES ORDAIN:
Section 1. That for the purpose of obtaining funds required to
pay the share of the City of Saint Paul of the joint City and County
detention and workhouse facilities as provided under the terms of
Chapter 353, Session Laws of Minnesota for 1955, there shall be
borrowed upon the credit of the City of Saint Paul, Ramsey County,
Minnesota, the sum of Six Hundred Fifty Thousand Dollars ($650,000.00)
and there are hereby ordered issued the negotiable coupon bonds of the
City of Saint Paul, Ramsey County, Minnesota of the par value of
Yeas Councilmen Nays Passed by the Council 61
DeCourcy
Holland
Marzitelli In Favor
Mortinson
Peterson Against
Rosen
« .President (Dillon) •
/ Approved:
Attest i
4
i City Cler Mayor
121 sasf dW8
. • 18►►378
(0177
Six Hundred Fifty Thousand Dollars ($650,000.00) . Said Bonds
shale'' ie'"besignated City of Saint Paul Detention and Workhouse
F'a�'I sties Bonds shall be six hundred fifty (650) in number,
numbered from 9001 to 9650 inclusive, and of the denomination of
One Thousand Dollars ($1,000.00) each, shall bear date of
November 1, 1956, and shall become due and payable serially,
Ten Thousand Dollars ($10,000.00) on the first day of November
in each of the years 1959, 1960, 1961, 1962, and 1963; Fifteen
Thousand Dollars ($15,000.00) on the first day of November in
each of the years 1964 and 1965; Twenty Thousand Dollars ($20,000.00)
on the first day of November in each of the years 1966, 1967, 1968,
1969, 1970, and 1971; Twenty-five Thousand Dollars ($25 ,000.00) on
the first day of November in each of the years 1972, 1973, 1974, 1975,
and 1976; Thirty Thousand Dollars ($30,000.00) on the first day of
November in each of the years 1977, 1978 1979, 1980, and 1981;
Thirty-five Thousand Dollars ($35,000.00) on the first day of November
in each of the years 1982, 1983, 1984, 1985, and 1986. Said bonds
shall bear interest from the date thereof until paid at the rate of
three (3.00) per cent per annum, payable semi-annually
on the first days of November and May in each year, which interest
payments, to the date of maturity of the principal thereof shall be
evidenced by proper coupons attached to each bond, and both principal
and interest shall be payable at the office of the Commissioner of
Finance in the City of Saint Paul, Minnesota, or, at the option of
the holder, at the fiscal agency of the City of Saint Paul, in the
City and State of New York, in lawful money of the United States of
America.
Section 2. That said bonds and interest coupons to be attached
thereto shall be in substantially the following form:
(Form of Bond)
UNITED STATES OF AMERICA
STATE OF MINNESOTA
COUNTY OF RAMSEY
CITY OF SAINT PAUL
DETENTION AND WORKHOUSE FACILITIES BOND
Number $1,000.00
KNOW ALL MEN BY THESE PRESENTS, that the City of Saint Paul,
in the County of Ramsey and State of Minnesota, acknowledges itself
to owe and for value received hereby promises to pay to bearer the
sum of One Thousand Dollars ($1,000.00) on the first day of November,
19 ,together with interest thereon from the date hereof until
paid, at the rate of three per cent per annum, payable
semi-annually, on the first days of May and November in each year,
as evidenced by and upon the presentation and surrender of the
annexed interest coupons as they severally become due.
Both principal hereof and interest hereon are payable at the
office of the Commissioner of Finance in the City of Saint Paul,
Minnesota, or at the option of the holder, at the Fiscal Agency of
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1811378
�G t77
the City of Saint Paul in the City and State of New York, in
lawful money of the United States of America. And for the prompt
payment of this bond, and the levy of taxes sufficient therefor,
both principal and interest, at maturity, the full faith, credit
and resources of the City of Saint Paul are hereby irrevocably
pledged.
This bond is one of a series amounting in the aggregate to the
sum of Six Hundred Fifty Thousand Dollars ($650,000.00) issued by
the City of. Saint Paul for the purpose of paying the share of the
City of Saint Paul for the cost of erecting, equipping and fur-
nishing a Joint City of Saint Paul and County of Ramsey Detention
Facility or Facilities and a Joint City and County Workhouse, as
provided under the terms of Chapter 353, Session Laws of Minnesota
for 1955, and Council File No. 178116, being Ordinance No. 10787,
approved June 19, 1956.
And it is hereby certified and recited that all acts, conditions
and things required by the Constitution and laws of the State of
Minnesota to be done precedent to and in the issuance of this bond
have been properly done, happened and have been performed in regular
and due form and time as required by law, that the total indebted-
ness incurred under said Chapter 353, Session Laws of Minnesota for
1955, including this bond, does not exceed any constitutional or
statutory limitation thereupon, and that provision has been made for
the collection of a direct, annual, irrepealable tax, in addition to
all other taxes, on all of the taxable property within said City of
Saint Paul, sufficient to pay the interest hereon and the principal
hereof when and as the same mature.
IN TESTIMONY WHEREOF, the said City of Saint Paul has caused
this bond to be executed on its behalf by the lithographed facsimile
signature of the Mayor of said City, countersigned by the Comptroller,
attested by the lithographed facsimile signature of its City Clerk,
and a lithographed facsimile of the official seal of said City to be
imprinted thereon, and the interest coupons attached hereto to be
executed with the lithographed facsimile signatures of said Mayor,
Comptroller and City Clerk, all as of the first day of November, 1956.
Mayor
/ !./
A tt est.�i f ipA
// 7 City Clerk
•
(,/e Countersigned
Comptroller
-3-
•
180378
/0(77
(Form of Coupon)
Number $ 15.00 ,
May
On the first day of November , the City of Saint Paul,
Ramsey County, Minnesota, promises to pay to bearer at the office of
the Commissioner of Finance in the City of Saint Paul or at the
Fiscal Agency of the City of Saint Paul, in the City and State of
New York, at the option of the holder, the sum of Fifteen and
no/100ths Dollars ($ 3440 ) in lawful money of the United States
of America, being six(6) months' interest due that day on its Detention
and Workhouse Facilities Bond, dated November 1, 1956, numbered
Mayor
Attest
City Clerk
Countersigned
Comptroller
Section 3. That said bonds shall be signed by the Mayor and
attested by the City Clerk by the respective lithographed facsimile
signatures of such officers under the lithographed corporate seal -
of said City, and countersigned by the City Comptroller, and each
of the interest coupons shall be executed by the lithographed
facsimile signature of said officials. And said officers are hereby
authorized and directed to so execute said bonds and coupons for
and in behalf of the City of Saint Paul. The proceeds derived from
the sale of said bonds shall be placed in a fund to be designated
the "City Detention Facility and Workhouse Fund" , to be used solely
for the purposes hereinbefore specified, for which they are being
issued, all as limited and expressed in said Acts referred to in the
preamble hereof.
Section 4. That for the purpose of providing for the payment
of the principal of and interest upon said bonds promptly when and
as the same mature, and for the collection of an additional direct
annual tax in an amount not less than five per centum (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, the following
direct, annual, irrepealable taxes, to-wit:
For the year 1957, a tax sufficient to produce the sum of $39,000.00
for interest, and the sum of $1,950.00 being at least five per centum (5%)
in excess thereof.
For the year 1958, a tax sufficient to produce the sum of $29,500.00
for principal and interest, and the sum of $1,475.00 being at
least five per centum (5%) in- excess thereof.
For the year 1959, a tax sufficient to produce the sum of
$29,200.00 for principal and interest, and the sum of $1,460.00
being at least five per centum (5%) in excess thereof.
—4—
181)378
/0 g7
For the year 1960, a tax sufficient to produce the sum of
$28,900.00 for principal and interest, and the sum of $1,445.00
being at least five per centum (5%) in excess thereof.
For the year 1961, a tax sufficient to produce the sum of
$28,600.00 for principal and interest, and the sum of $1,430.00
being at least five 'per centum (5%) in excess thereof.
For the year 1962, a tax sufficient to produce the sum of
$28,300.00 for principal and interest, and the sum of $1,415.00
being at least five per centum (5%) in excess thereof.
For the year 1963, a tax sufficient to produce the sum of
$33,000.00 for principal and interest, and the sum of $1,650.00
being at least five per centum (5%) in excess thereof.
For the year 1964, a tax sufficient to produce the sum of
$32,550.00 for principal and interest, and the sum of $1,627.50
being at least five per centum (5%) in excess thereof.
For the year 1965, a tax sufficient to produce the sum of
$37,100.00 for principal and interest, and the sum of $1,855. 00
being at least five per centum (5%) in excess thereof.
For the year 1966, a tax sufficient to produce the sum of
$36,50. 0.00 for principal and interest, and the sum of $1,825.00
being at least five per centum (5%) in excess thereof.
For the year 196?, a tax sufficient to produce the sum of
$35,900.00 for principal and interest, and the sum of $1,795.00
being at least five per centum (5%) in excess thereof.
For the year 1968, a tax sufficient to produce the sum of
$35,300.00 for principal and interest, and the sum of $1,765.00
being at least five per centum (5%) in excess thereof.
For the year 1969, a tax sufficient to produce the sum of
$34,700.00 for principal and interest, and the sum of $1,735.00
being at least five per centum (5%) in excess thereof.
For the year 1970, a tax sufficient to produce the sum of
$34,100.00 for principal and interest, and the sum of $1,705.00
being at least five per centum (5%) in excess thereof.
For the year 1971, a tax sufficient to produce the sum of
$38,500.00 for principal and interest, and the sum of $1,925.00
being at least five per centum (5%) in excess thereof.
For the year 1972, a tax sufficient to produce the sum of
$37,750.00 for principal and interest, and the sum of $1,887.50
being at least five per centum (5%) in excess thereof.
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18i )378
/O5w77
For the year 1973, a tax sufficient to produce the sum of
$37,000.00 for principal and interest, and the sum of $1,850.00
being at least five per centum (5%) in excess thereof.
For the year 1974, a tax sufficient to produce the sum of
$36,250.00 for principal and interest, and the sum of $1,812.50
being at least five per centum (5%) in excess thereof.
For the year 1975, a tax sufficient to produce the sum of
$35,500.00 for principal and interest, and the sum of $1,775.00
being at least five per centum (5%) in excess thereof.
For the year 1976, a tax sufficient to produce the sum of
$39,750.00 for principal and interest, and the sum of $1,987.50
being at least five per centum (5%) in excess thereof.
For the year 1977, a tax sufficient to produce the sum of
$38,850.00 for principal and interest, and the sum of $1,942.50
being at least five per centum (5%) in excess thereof.
For the year 1978, a tax sufficient to produce the sum of
$37,950.00 for principal and interest, and the sum of $1,897.50
being at least five per centum (5%) in excess thereof.
For the year 1979, a tax sufficient to produce the sum of
$37,050.00 for principal and interest, and the sum of $1,852.50
being at least five per centum (5%) in excess thereof.
For the year 1980, a tax sufficient to produce the sum of
$36,150.00 for principal and interest, and the sum of $1,807.50
being at least five per centum (5%) in excess thereof.
For the year 1981, a tax sufficient to produce the sum of
$40,250.00 for principal and interest, and the sum of $2,012.50
being at least five per centum (5%) in excess thereof.
For the year 1982, a tax sufficient to produce the sum of
$39,200.00 for principal and interest, and the sum of $1,960.00
being at least five per centum (5%) in excess thereof.
For the year 1983, a tax sufficient to produce the sum of
$38,150.00 for principal and interest, and the sum of $1,907.50
being at least five per centum (5%) in excess thereof.
For the year 1984, a tax sufficient to produce the sum of
$37,100.00 for principal and interest , and the sum of $1,855.00
being at least five per centum (5%) in excess thereof.
For the year 1985, a tax sufficient to produce the sum of
$36,050.00 for principal and interest, and the sum of $1,802.50
being at least five per centum (5%) in excess thereof.
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Original to City Clerk _
ORDINANCE 18 378
COUNCIL FILE NO.
PRESENTED BY ORDINANCE NO.
fo 417 7
That the principal and interest coming due prior to the
receipt of the proceeds of said taxes 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. And the City Clerk of said City of Saint
Paul is hereby directed to file a certified copy of this
ordinance with the County Auditor of Ramsey County, Minnesota
who shall in each of said years, beginning with the year 195T ,
ascertain the rate per centum necessary to produce the full
amount of the tax for interest and principal and in addition
thereto an amount not less than five per centum (5%) in excess
thereof, hereinabove levied for each such year, and shall assess
and extend the same for collection upon the tax list in connection
with the taxes levied for general city purposes of said City for
each such year. Such taxes shall be collected and payment thereof
enforced at the same time and with and in like manner as other
City taxes of said City and when collected shall be used solely
for the purpose of paying the interest and principal of said bonds
when and as the same shall mature.
Section 5. That the general purpose and object of the laws
pursuant to which these bonds are being issued is to promote the
public health, safety, and welfare by providing an adequate and
efficient system for the detention and rehabilitation of
misdemeanants; and wherefore said City of Saint Paul to effect
the intent and purpose of said law is required to authorize and
issue the aforesaid bonds, therefore an emergency is hereby
declared to exist and this ordinance declared necessary for the
preservation of the public peace, health, and safety, shall be
in full force and effect immediately upon its passage, approval,
and publication.
-7-
1956
Yeas Councilmen Nays Passed by the Council
? DeCourcy
Holland
Marzitelli n Favor
Mortinson
Peterson Against
Rosen
r.President (Dillon) le 4
Attest:
Appr,r I
Akimired
City Clerk
1111 Mayor
1M oonitto 8
PTTI3LTSHEQ sa—f--
1st I I I 2nd /I y3
Laid over to / {.j(/
3rd and app /'' Adopted 4. z/
Yeas Nays Yeas Nays
DeCourcy Co cy
Holland 7fol.11,and
Marzitelli a telli 1 0
Mortinson or ' n
Peterson eterson
Rosenosen
Mr. President Dillon r. President Dillon
181 )378 8 �.