180379 Original to City Clerk
ORDINANCE .181379
COUNCIL FILE NO.
PRESENTED BY • ' ORDINANCE NO.
An ordinance providing for the issuance of Five :. )4
Hundred Thousand Dollars ($500,000.00) Capitol
Approach Improvement Bonds of the City of Saint
Paul, Ramsey County, Minnesota 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 Council of the City of Saint Paul, Ramsey County,
Minnesota, heretofore on the 19th day of January, 1945, did declare
the intention of the City of Saint Paul, Minnesota, to participate
in and bear its full share of the obligations chargeable to the
City, if the proposed plan for a Capitol Approach and Veterans'
Service Building were approved by the Legislature of the State of
Minnesota; and
WHEREAS, from time to time thereafter the Legislature and the
City Council have authorized the issuance of bonds for the City of
Saint Paul's share of the cost of the Capitol Approach Improvement;
and
WHEREAS, the Legislature subsequently enacted Chapter 752,
Session Laws of Minnesota for 1955, and the Council of the City of .
Saint Paul subsequently and on the 3rd day of October, 1956, did
adopt Ordinance No. 10832, designated further as Council File No.
179636, autiorizing. the issuance and sale of not to exceed Five
Hundred Thousand Dollars ($500,000.00) bonds of the City of Saint
Paul for the purpose of paying for the completion of the Veterans'
Service Building and the grounds thereto around the Minnesota
State Capitol, commonly termed the "Capitol Approach Area" , as
provided in Chapter 752, Session Laws of Minnesota for 1955; and
WHEREAS, by resolution Council File 180062, approved October 18,
1956, the Council of the City of Saint Paul called for bids to be sub-
mitted to said City on November 14, 1956, for the sale of Five Hundred
Thousand Dollars ($500,000.00) par value of such proposed 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 an additional Five Hundred Thousand Dollars ($500,000.00)
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 for the completion of the Veterans' Service Building and
the grounds thereto around the Minnesota State Capitol, commonly
termed the "Capitol Approach Area" , as provided by Chapter 752,
Session Laws of Minnesota for 1955 , there shall be borrowed upon
Yeas Councilmen Nays Passed by the Council
DeCourcy
Holland
Marzitelli In Favor
Mortinson
Peterson Against
Rosen
Mr.President (Dillon)
Approved:
Attest:
ity Cle k� .. :Mayor
1M 6-66 8v'/Z
•
. . 181)379
#7V
/ D
the credit of the City of Saint Paul, Ramsey County, Minnesota,
the sum of Five Hundred Thousand Dollars ($500,000.00) and there
are hereby ordered issued the negotiable coupon bonds of the City
of Saint Paul, Ramsey County, Minnesota, of the par value of Five
Hundred Thousand Dollars ($500,000.00) . Said bonds shall be
designated Capitol Approach Improvement Bonds--Series Number 4,
shall be five hundred (500) in number, numbered from 9651 to 10150
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, Five Thousand Dollars ($5,000.00) on the first day
of November in each of the years 1959, 1960 and 1961; Ten Thousand
Dollars ($10,000.00) on the first day of November in each of the
years 1962 and 1963; Fifteen Thousand Dollars ($15,000.00) on the
first day of November in each of the years 1964, 1965, 196. 6, 1967,
1968, 1969 and 1970; Twenty Thousand Dollars ($20,000.00) on the
first day of November in each of the years 1971, 1972, 1973, 1974,
1975, 1976, 1977 and 1978; Twenty-five Thousand Dollars ($25,000.00)
on the first day of November in each of the years 1979, 1980, 1981,
1982, 1983, 1984, 1985 and 1986. Said bonds shall bear interest
from the date thereof until paid at the rate of three per cent
(3.00%) 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 theUnited 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
CAPITOL APPROACH IMPROVEMENT BOND
SERIES NO. 4
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 the rate of three percent 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,
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r
.18( )379
p
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 law-
ful 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 said City of Saint Paul are hereby irrevocably
pledged.
This bond is issued by the City of Saint Paul for the purpose
of providing the funds required to pay the share of the City of
Saint Paul relative to the completion of the State Capitol Approach,
the buildings and the grounds thereto, and is one of a series of
five hundred of like date and tenor (save as to date of maturity) ,
such series constituting the fourth issue of Capitol Approach
Improvement Bonds of the aggregate principal amount of not to exceed
Four Million Seven Hundred Fifty Thousand Dollars ($4,750,000) ,
authorized by ordinances heretofore duly adopted by , the said City
of Saint Paul, and is issued pursuant to and in all respects in full
compliance with the provisions of Chapter 315 of the Minnesota
Session Laws of 1945, approved April 17, 1945; and Chapter 752 of
the Minnesota Session Laws of 1955, and all other laws thereunto
enabling.
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 indebtedness
incurred under said Chapter 315, approved April 17, 1945; and Chapter
752, 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
of said City, 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.
0 / _ Mayor
Attest ,..(s,s✓`4 L
i y C erk
Countersigned
Comptroller
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•
181 1379
/032g7
(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
Dollars ($ 15,.00 ) in lawful money of the
United States of America, being six (6) months' interest due that
day on its Capitol Approach Improvement Bond, Series Number 4 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 here-
by 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 of Saint Paul Capitol Approach Improvement Funds , 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 oentuu (5%) in
excess of the sum required to pay such ,principal and interest when
the same mature, here i.s hereby lev e4 on t r t le - . „.7 property in the City of Saint Paul, in addition to all other taxes,"
the following direct, anneal, irrepaalable taxee,,.,. Q- ,t:
•
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314111.4, M1 Or , 500.0 , rat i rl t i .N'la *WO
thinner"—for to yexr 19514—a- vax-suira.csva -o.
principal and interest, and the sum of $1,000.00 being at least five per ceatwirt5, ----
in excess thereof.
for the year 1959, a tax sufficient to produce the sum of $19,350.00 for
principal and interest, and the sum of $992.50 being at least five per cent= (5%)
in excess thereof.
18 1 )379
iP 8 7
For the year 1960, a tax sufficient to produce the sum of
$19,700.00 for principal and interest, and the sum of $985.00
being at least five per centum (5%) in excess thereof.
For the year 1961, a tax sufficient to produce the sum of
$24,550.00 for principal and interest, and the sum of $1,227.50
being at least five per centum (5%) in excess thereof.
For the year 1962, a tax sufficient to produce the sum of
$24,254.00 for principal and interest, and the sum of $1,212.50
being at least five per centum (5%) in excess thereof.
For the year 1963, a tax sufficient to produce the sum of
$28,950.00 for principal and interest, and the sum of $1, 447.50
being at least five per centum (5%) in excess thereof.
For the year 1964, a tax sufficient to produce the sum of
$28,500.00 for principal and interest, and the sum of $1,425.00
being at least five per centum (5%) in excess thereof.
For the year 1965, a tax sufficient to produce the sum of
$28,050.00 for principal and interest, and the sum of $1,402.50
being at least five per centum (5%) in excess thereof.
For the year 1966, a tax sufficient to produce the sum of
$27,600.00 for principal and interest, and the sum of $1,380.00
being at least five per centum (5%) in excess thereof.
For the year 1967, a tax sufficient to produce the sum of
$27,150.00 for principal and interest, and the sum of $1,357.50
being at least five per centum (5%) in excess thereof.
For the year 1968, a tax sufficient to produce the sum of
$26,700.00 for principal and interest, and the sum of $1,335.00
being at least five per centum (5%) in excess thereof.
For the year 1969, a tax sufficient to produce the sum of
$26,250.00 for principal and interest, and the sum of $1,312.50
being at least five per centum (5%) in excess thereof.
For the year 1970, a tax sufficient to produce the sum of
$30,800.00 for principal and interest, and the sum of $1,540.00
being at least five: per centum (5%) in excess thereof.
For the year 1971, a tax sufficient to-produce-the sum of -
OO for principal interest, and the re _ 1'510.00 beingatleastfvepe oemtum (5%) in exceastbeof ;
• For the year 1972, a tax sufficient to produce the sum of
_ $29600.00 for principal and interest, and the sum Of $1,480.00
being at least five per centum (5%) in excess thereof.
For the year 1973, a tax sufficient to produce the sum of
$29,000.00 for principal and interest, and the sum of $1,450.00
being at least five per centum (5%) in excess thereof.
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.18i )379
/C7 Pef/
For the year 1974, a tax sufficient to produce the sum of
$28,400.00 for principal and interest, and the sum of $1,420.00
being at least five per centum (5%) in excess thereof.
For the year 1975, a tax sufficient to produce the sum of
$27,800.00 for principal and interest, and the sum of $1,390.00
being at least five per centum (5%) in excess thereof.
For the year 1976, a tax sufficient to produce the sum of
$27,200.00 for principal and interest, and the sum of $1,360.00
being at least five per centum (5%) in excess thereof.
For the year 1977, a tax sufficient to produce the sum of
$26,600.00 for principal and interest, and the sum of $1,3 30.00
being at least five per centum (5%) in excess thereof.
For the year 1978, a tax sufficient to produce the sum of
$31,000.00 for principal and interest, and the sum of $1,550.00
being at least five per centum (5%) in excess thereof.
For the year 1979, a, tax sufficient to produce the sum of
$30,250.00 for principal and interest, and the sum of $1,512.50
being at least five per centum (5%) in excess thereof.
For the year 1980, a tax sufficient to produce the sum of
$29,500.00 for principal and interest, and the sum of $1,475.b0
being at least five per centum (5%) in excess thereof.
For the year 1981, a tax sufficient to produce the sum of
$28,750.00 for principal and interest, and the sum of $1,437.50
being at least five per centum (5%) in excess thereof.
For the year 1982, a tax sufficient to produce the sum of
$28,000.00 for principal and interest, and the sum of $1,400.00
being at least five per centum (5%) in excess thereof.
For the year 1983, a tax sufficient to produce the sum of
$27,250.00 for principal and interest, and the sum of $1,362.50
being at least five per centum (5%) in excess thereof.
For the year 1984, a tax sufficient to produce the sum of
$26,500.00 for principal and interest , and the sum of $1,325.00
being at least five per centum (5%) in excess thereof.
For the year 1985, a tax sufficient to produce the sum of
525,750.00 for principal and interest, and the sum of $1,287.50
being at least five per centum (5%) in excess thereof.
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_6_
Original to City Clerk
ORDINANCE 18U
_ , . . 3'79 .
COUNCIL FILE NO.
PRESENTED BY ORDINANCE NO.
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 lam, 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 of streets, alleys and public convenienees'therein
to meet and coordinate with the streets and public ways in the
enlarged Capitol grounds; 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.
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UEC 4 19
Yeas Councilmen ' Nays Passed by the Council
DeCourcy
Holland
Marzitelli /1 In Favor
Mortinson
Peterson Against
Rosen
r.President(Dillon) ,REC 4 19a;
Apprrsred•
Attest.1
OCUULIW".
City Clerk Mayor
ire 6--. a
PUBLISHED/
. . • . ,
_ i
. _
toy 7 K
iNk 0L_ C .
moves to amend Council File 180378,
in Section 4+, thereof, by deleting from said section 4 the
second paragraph thereof, in its entirety, and by inserting
in lieu thereof the following:
"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."
I
e.74 -.
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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 10th day of December, 1956, a certified copy
of Council File No. 180378 being Ordinance No. 10877 adopted
December 4th, 1956, by the City Council of the City of St. Paul
levying taxes for $650$000.00 Detention and Workhouse Facilities
Bonds dated November 1, 1956, 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 Auditoria bond register file No.188
and that such tax for the payment thereof has been levied as
required by law.
WITNESS, my hand and official seal, this 11th day of
December, 1956.
EUGNd A. MONICK, County Auditor
/1L-4..,,t.,%A ,
e
Entered in Bond Register this
11th day of December, 1956
f'0#0.614---,(--/Lif I
. 4
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1
1
Mr. - moves to amend Council File No.
180379, in Section 4 thereof, by deleting from said section
4 the second paragraph thereof, in its entirety, and by
inserting in lieu thereof the following:
"For the year 1957, a tax sufficient to
produce the sum of $30,000.00 for interest, and
the sum of $1,500.00 being at least five per
centum (5%) in excess thereof.
•
7 /
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 10th day of December, 1956, a certified
copy of Council File No. 180379 being Ordinance No. 10878 adopted
December 4th, 1956, by the City Council Of the City of St. Paul
levying taxes for $500,000.00 Capitol Approach Improvement Bonds '
dated November 1, 1956, as the same fall due and to pay and dis-
charge 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 Auditors bond register file No.187
and that suoh ,tax for the payment thereof has been levied as
required by law.
WITNESS, my hand and official seal, this 11th day of
December, 1956.
• EUG E MONICH, County Auditor.
A00
Entered in Bond Register this
11th day of December, 1956
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