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<br />RESOLUTION NO. 4019 <br />.../ .~....Page Two <br /> <br />. <br /> <br />. <br /> <br />. <br /> <br />KNOW ALL MEN BY THESE PRESENTS that the City of Mounds <br />View, Ramsey County, Minnesota, hereby acknowledges itself to <br />be indebted and for values received promises to pay to the <br />Utility Fund of the City of Mounds View on order, the sum of <br />$100,955.00 plus interest at 8% per annum in one installment <br />in 1991. Principal and interest on this Certificate is <br />payable at the office of the City of Mounds View~ Minnesota, <br />and for the prompt payment of said principal, the full faith, <br />credit and taxing power of the said City have been and are <br />hereby irrovocably pledged. <br /> <br />This Certificate is issued for the purpose of purchasing <br />police and street maintenance equipment for the City and is <br />authorized by a duly adopted resolution of the City Council of <br />said City, dated January 3, 1991 and is issued pursuant to and <br />in full conformity with Minnesota Statutes, Section 412.301. <br /> <br />IT IS HEREBY Certified and Recited, that all acts, <br />conditions and things required by law to be done, to exist, to <br />happen and to be performed, precedent to andjin the issuance <br />of this Certificate have been done, do exist, have happened <br />and have been performed in regular and due form, time and <br />manner; that a direct, annual, irrepealable ad valorem tax has <br />been duly levied by said City in an amount sufficient to pay <br />the principal on this Certificate when it falls due, and that <br />this Certificate, together with all other existing indebted- <br />ness of the said City, does not exceed any constitutional or <br />statutory limitation on indebtedness. <br /> <br />IN WITNESS WHEREOF, said City has caused this <br />Certificate to be executed in its behalf by its Mayor and <br />Administrator and the Official Seal of the City to be affixed <br />hereto as of January 3, 1991. <br /> <br />The motion for adoption of the above resolution was duly <br />seconded by Member Wuori and upon a vote being taken, 3 Ayes <br />o Nays, said resolution was declared duly passed and adopted <br />this 3rd day of December, 1990. <br /> <br />ATTEST: <br /> <br />~-?7/. .~ <br />~ay .. . - <br /> <br />(SEAL) <br /> <br />~~~- <br />Actlng ~-A mlnistrator <br />