178457 . •- I:78457
Original 4.Clt,Clerk
CITY OF ST. PAUL COUNCIL NO
OFFICE OF THE CITY CLERK ie .,, ?-er If4erh $.
/ COUNCIL RESOLUTION—GENERAL FORM 4 T. 14
PRESENTED BY , 1 / 't3ie r' y:s. ! x`
COMMISSIONE' I . *a: � r,__f
Amu WHEREAS, by 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, the Council of the City of Saint Paul was author-
ized to issue and sell the negotiable bonds of the City of Saint Paul of the par
value of Thirty-eight Million, Nine Hundred Fifty-six Thousand Dollars ($38,956,000.00)
of which not to exceed the following amounts were to be issued for the following
purposes:
(1) For the purpose of acquiring school sites and grounds and constructing and
equipping new school buildings and additions to existing school buildings, Eight
Million, Five Hundred Thousand Dollars ($8,500,000.00).
(2) For the purpose of reconstruction, repair, betterment, remodeling and
equipping existing school buildings, Two Million, Five Hundred Thousand Dollars
($2,500,000.00).
(3) For the purpose of acquisition, construction, reconstruction, and better-
ment of streets and bridges, Twelve Million, Two Hundred Thousand Dollars
($12,200,000.00).
(! ) For the purpose of acquisition, construction, reconstruction and better-
ment of sewers, Eight Million, Three Hundred Sixteen Thousand Dollars ($8,316,000.00).
(5) For the purpose of acquisition, and construction, of housing facilities
for garbage disposal equipment, One Hundred Twenty-five Thousand Dollars
($125,000.00).
(6) For the purpose of acquisition, construction, reconstruction and better-
ment of the Public Safety Department building and outlying substations and
equipping the same, Five Hundred Thousand Dollars ($500,000.00).
(7) For the purpose of acquisition and construction of a building to house
the Health Department and equip the same, Two Hundred Thousand Dollars ($200,000.00).
(8) For the purpose of acquisition and betterment of parks, playgrounds, park
and playground buildings and the equipping of the same, One Million, Five Hundred
Thousand Dollars ($1,500,000.00).
COUNCILMEN Adopted by the Council 195__
Yeas Nays
Gibbons
Halvorson Approved 195__
Holland
Marzitelli In Favor
Mortinson Mayor
Peterson Against
Mr.President, Dillon
5M 8.55 4102
•
(9) For the purpose of acquisition, construction, reconstruction and better-
ment of street lighting equipment, Seven Hundred Fifty Thousand Dollars ($750,000.00)
(1C) For the purpose of reconstruction and betterment of the public auditorium
Three Hundred Fifty Thousand Dollars ($350,000.00).
(11) For the purpose of acquisition, construction, reconstruction, equipment
and betterment of the public library and branch libraries, Three Hundred Fifteen
Thousand Dollars ($315,000.00).
(12) For the purpose of acquisition, construction and equipping of a civic
educational center to house museums and art galleries, One Million, Seven Hundred
Thousand Dollars ($1,700,000.00).
(13) For the purpose of acquisition, construction and equipping of a civic
athletic stadium, Two Million Dollars ($2,000,000.00).
WHEREAS, heretofore the aggregate of Thirteen Million Nine Hundred Thousand
Dollars ($13,900,000.00)par value of such authorized bonds have been issued and
sold by the City of Saint Paul for the purpose of its acquisition of funds necessary
to its accomplishment of several parts of the improvement purposes for which such
bonds as aforesaid were authorized to be issued and sold, to-wit:
For the purposes set out in subdivision (1) above, the sum of Five Million
Eight Hundred Five Thousand Dollars ($5,805,000.00);
For the purposes set out in subdivision (2) above, the sum of One Million
Ninety-five Thousand Dollars (51,095,000.00);
For the purposes set out in subdivision (3) above, the sum of Two Million
Nine Hundred Seventy-eight Thousand Dollars ($2,978,000.00);
For the purposes set out in subdivision (L ) above, the sum of One Million
Sixty Thousand Dollars ($1,060,000.00);
For the purposes set out in subdivision (5) above, the sum of One Hundred
Twenty-five Thousand Dollars ($125,000.00);
For the purposes set out in subdivision (6) above, the sum of Ninety-eight
Thousand Dollars ($98,000.00);
For the purposes set out in subdivision (7) above, the sum of Two Hundred
Thousand Dollars ($200,000.00);
For the purposes set out in subdivision (8) above, the sum of Seven Hundred
Thirty-six Thousand Dollars ($736,000.00);
For the purposes set out in subdivision (9) above, the sum of Five Hundred
Eighty-four Thousand Dollars ($584,000.00);
For the purposes set out in subdivision (10) above, the sum of Two Hundred
Twenty Thousand Dollars ($220,000.00);
For the purposes set out in subdivision (11) above, the sum of One Hundred
Eighty-six Thousand Dollars ($186,000.00);
For the purposes set out in subdivision (12) above, the sum of Two Hundred
Eighty-eight Thousand Dollars ($288,000.00);
For the purposes set out in subdivision (13) above, the sum of Five Hundred
Twenty-five Thousand Dollars ($525,000.00);
and which heretofore authorized, issued and sold bonds in such aggregate par value
were issued and sold by said City in several forms, three forms for the purposes
set forth in subdivision (1) and (2) above, in the aggregate par value sum of Six
Million Nine Hundred Thousand Dollars ($6,900,000.00) and entitled "School Improve-
ment Bonds, Series No. 1,""School Improvement Bonds, Series No. 2",44School Improve-
ment Bonds, Series No. 3" and"School Improvement Bonds, Series No. 4" respectively,
and three forms for the purposes set forth in subdivisions (3),, (4), (5), (6), (7),
(8), (9), (10), (11), (12), and (13) in the aggregate par value sum of Seven Million
Dollars ($7,000,000.00) and entitled "General Improvement Bonds, Series No. 1,"
(General Improvement Bonds, Series No. 2," and "General Improvement Bonds, Series
No. 3," respectively; and
WHEREAS, it is necessary at this time that an additional Three Million Eight
Hundred Thousand Dollars ($3,800,000.00) par value of such authorized bonds be
issued and sold by said City for the purpose of its acquisition of funds necessary
to its accomplishment of several additional parts of several of the improvement
purposes for which such bonds as aforesaid were authorized to be issued and sold,
to wit:
For the purposes set out in subdivision (3) above, the sum of One Million
Four Hundred Three Thousand Dollars ($1,)103,000.00);
For the purposes set out in Subdivision (4) above, the sum of Five Hundred
Eight Thousand Dollars ($508,000.00);
For the purposes set out in Subdivision (8) above, the sum of Three Hundred
Twenty-eight Thousand Dollars ($328,000.00);
For the purposes set out in Subdivision (9) above, the sum of One Hundred
Sixty-six Thousand Dollars ($166,000.00);
For the purposes set out in Subdivision (12) above, the sum of One Hundred
Eighty Thousand Dollars ($180,000.00);
For the purposes set out in Subdivision (13) above, the sum of One Million
Two Hundred Fifteen Thousand Dollars ($1,215,000.00); and
WHEREAS, the financial accounting for other City of Saint Paul departments
is separate and distinct from that for school purposes, it is advisable that such
additional bonds in the par value sum of Three Million Eight Hundred Thousand
Dollars ($3,800,000.00) be issued in one form for the purposes set out in subdivi-
sions (3), (4), (8), (9), (12), and (13) above, to be entitled "General Improvement
Bonds, Series No. 4"; therefore, be it
RESOLVED, that the Council of the City of Saint Paul issue and sell at this
time such additional Three Million Eight Hundred Thousand Dollars ($3,800,000.00)
par value General Improvement Bonds authorized by said Ordinance No. 10135; be it
-3-
i' :J t 1
FURTHER RESOLVED, that such additional bonds authorized by Ordinance No. 10135
in the amount of Three Million Eight Hundred Thousand Dollars ($3,800,000.00) par
value to be sold in the manner provided by law, said bonds to be in denomination
of $1,000.00 each, to be dated June 1, 1956, bear a rate of interest not exceeding
six per cent (6%) per annum payable semiannually on June 1 and December 1, accor-
ding to the coupons to be attached to said bonds; that said additional bonds shall
be serial in form, and of the Three Million Eight Hundred Thousand Dollars
($3,800,000.00) par value of such bonds issued for the purposes of General Improve-
ments, a portion thereof shall be payable each year commencing June 1, 1959, but
none of said bonds shall run for a longer period than 30 years, and shall be
numbered 4201 to 8000 inclusive; and be it
FURTHER RESOLVED, that said additional $3,800,000.00 par value of the bonds
to be issued for the purposes of General Improvements, shall mature serially
commencing June 1,1959, over said thirty-year period on the following dated and
in the following amouhts:
Date of Maturity Bond Numbers Amount
June 1, 1959 4201 - 4255 $ 55,000
1960 4256 - 4310 - 55,000
1961 4311 - 4365 55,000
1962 4366 - ),►J1io 75,000
1963 444 . - 4515 75,000
1964 4516 - 4610 95,000
1965 4611 - 4705 95,000
1966 4706 - 4820 115,000
1967 4821 - 4935 115,000
1968 4936 - 5050 115,000
1969 5051 - 5185 135,00o
1970 5186 - 5320 135,000
1971 5321 - 5455 135,000
1972 5456 - 5590 135,000
1973 5591 - 5740 150,000
1974 5741 - 5890 150,000
1975 5891 - 6040 150,000
1976 6041 - 6190 150,000
1977. 6191 - 6360 170,000
1978 6361 =: 6530 170,000
1979 6531 - 6700 170,000
1980 6701 - 6875 175,000
1981 6876 - 7050 175,000
1982 7051 - 7240 1905000
1983 7241 - 7430 190,000
1984 7431 - 7620 190,000
1985 7621 - 7810 190,000
1986 7811 - 8000 190,000
Total $3,800,000
That said Three Million Eight Hundred Thousand Dollars ($3,800,000.00) par
value of the bonds to be issued for General Improvements shall be in the following
form, which has been prepared by the Sinking Fund Committee and approved by the
Corporation Counsel of the City of Saint Paul, and is hereby approved and
adopted, viz:
-4-
"UNITED STATES OF AMERICA
STATE OF MINNESOTA
COUNTY OF RAMSEY
CITY OF SAINT PAUL
GENERAL IMPROVEMENT BOND
SERIES NUMBER 44
No. $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 01,000.00) on
the first day of June, 19.•••, together with interest thereon from the date hereof
until paid, at the rate of .... per cent per annum, payable semiannually on the
first days of June and December in each year as evidenced by and upon the presen-
tation and surrender of the annexed interest coupons as they severally become due.
Both principal and interest of this bond are payable in lawful money of the United
States of America 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 of
New York, State of New York, at the option of the holder; and for the prompt pay-
ment of this bond, both principal and interest, at maturity, the faith and credit
of the City of Saint Paul are irrevocably pledged.
This bond is one of a series amounting in the aggregate to the sum of Three
Million Eight Hundred Thousand Dollars ($3,800,000.00), issued by the City for the
purpose of paying the cost of general improvements authorized in Council File
No. 165231, Ordinance No. 10135, passed by the Council of said City and duly signed,
attested, approved and published in the manner required by the Charter of said City,
and approved by the electors of the City of Saint Paul at the election held
November 3, 1953, and under the authority of and in all respects in full compliance
with Section 217 of the Charter of the City of Saint Paul, and such other sections
thereof as may be applicable thereto, and Chapter 475, Minnesota Statutes 1953, as
amended.
It is hereby certified and recited that all things, acts and conditions
required by the Constitution and Laws of the State of Minnesota and the Charter
of said City to happen and be done and performed precedent to and in the issuance
of this bond, have happened and been done and performed in regular and due form
and time as required by law and that the total indebtedness of said City, including
this bond, does not exceed any constitutional, statutory or charter limitations.
IN WITNESS WHEREOF, the said City of Saint Paul, by its Council, has caused
this bond to be sealed by the facsimile of its Official Seal, lithographed thereon,
to be signed by the lithographed facsimile signature of its Mayor, attested by the
lithographed facsimile signature of its City Clerk, and countersigned manually by
its Comptroller, and each of the interest coupons hereto attached to be executed
by the lithographed facsimile signatures of said officers, this first day of June, 1956.
Mayor
Attest'
City Clerk
Countersigned:
Comptroller
-5-
• 7815
Original t.City CI.Tk,, COUNCIL
CITY OF ST. PAUL FILE NO.
OFFICE OF THE CITY CLERK
COUNCIL RESOLUTION—GENERAL FORM
PRESENTED BY
COMMISSIONER DATF
COUPON
No.
On the first day of , 19...., the City of Saint Paul, Minnesota,
promises to pay to bearer Dollars ($ ) 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 of New York, State of New York, at
the option of the holder, for the interest due that day on its General Improvement
Bond, Series No. ii, dated June 1, 1956, No.
• Mayer
Attests
City Clerk
Countersigned:
Comptroller*
BE IT FURTHER RESOLVED, that each said bond shall be sealed by the facsimile
of the Official Seal of the City of Saint Paul lithographed thereon and signed by
the lithographed facsimile signature of the Mayor, attested by the lithographed
facsimile signature of the City Clerk, and countersigned manually by the City
Comptroller, in accordance with Chapter 1422, Laws of Minnesota, 1951, and Section
475.55, Minnesota Statutes Annotated, and the interest coupons thereto attached
shall be executed by the lithographed facsimile signatures of said officers.
RESOLVED FURTHER, that sealed proposals be received in the office of the
City Comptroller in the Court Rouse and City Hall Building, in the City of Saint
Paul, Minnesota, up to ten o'clock a.m. (C.S.T.) June 27, 1956, for the sale of all
or none of such issue, according to the purpose of such bond, after giving due notice
of said sale in the manner prescribed by law, in the St. Paul Legal Ledger, the
official paper of said City, and in the Commercial West, a financial periodical pub•
lished in the State of Minnesota; that each bidder shall be required to accompany
his bid by a certified or cashier's check for two (2) per cent of the amount of bonds
bid for, which will be forfeited to the City as liquidated damages if the bonds are
not taken and paid for when ready for delivery; that the City Comptroller shall, at
the next meeting after receiving said bids, present the same to the Sinking Fund
Committee and the Council for their action thereon; and that said bonds shall be
offered to the perqop who will pay par or better therefor, at the lowest rate of interest,
not CO. �e n six (6) per cent per annum. N 2 1 1956
t] Adopted by the Council 195
Yeas ( •y:
JW4 211956
. . Approved 196-
/
IMO
Marzitelli 4.1n Favor At
Mortinso Mayor
Peterso O Against
Mr.President, Dillon **��TT **.�.�yam (/p
SM 6-55 404
PUBLISI 1D - �-.
-6—