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those voting against: Xione. RESOLUTION NO..114 '4 VILLAGE OF MOUNDS VW COUNTY OF RAMSEY STATE OF MINNESOTA At a regular meeting of the Council of the Village of Mounds View held on the 22nd day of January 196b, at 8:00 o'clock P.M., at the Village Hall located at 2401 Highway 10, New Brighton, Minnesota 55112, with the following members present: and the following members absent:N.1AL, Member LS4.&14 moved the following resolution: REQUESTING THE COMMISSIONER OF HIGHWAYS TO ANNUALLY CERTIFY TO THE STATE AUDITOR THZ SUM OF MONEY REQUIRED FOR PRINCIPAL AND INTEREST ON MUNICIPAL STATE AID BONDS. Whereas, the Village of Mounds View has issued and sold bonds, dated the 1/ day ef'Dtliehr 196. in the amount of NW. 400 exclusively for the purpose of establishing, locating, re-locating, constructing, re-constructing or improving its state aid highways in accordance with law. Whereas, said Village has irrevocably pledged to the sinking fund from which said obligations are payable, that amount of their future state aid allotments as is permissible by law and needed to pay the principal and interest thereon: which principal payments shall be made from the regular construction account of such state aid fund and the interest payments made from the regular state aid maintenance account, all as detailed herein; See Attached Schedule NOW, THEREFORE, BE IT RESOLVED, that the Commissioner of Highways be and is hereby requested to keep a bond record in his office for the Village of Mounds View. BE IT FURTHER RESOLVED, that the Commissioner of Highways be and is hereby requested upon receipt of this resolution to annually certify to the State Auditor the sum of money required for the principal land interest on said bonds, as evidenced by the detailed reports of the annual expenditures. Member JO 11 0 wl seconded the resolution. Those voting in favor: Mid 01 1-4.1 Wit./Ser; je s Rws tad