Agenda Packets - 1988/10/10 - Laserfiche WebLink

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vr� 15 RESOLUTION NO. 2396 CITY OF MOUNDS VIEW COUNTY OF RAMSEY STATE OF MINNESOTA RESOLUTION AUTHORIZING ISSUANCE OF EQUIPMENT DEBT CERTIFICATE, PRESCRIBING THE FORM AND DETAILS THEREOF, AND LEVING TAXES FOR THE PAYMENT THEREOF, BE IT RESOLVED by the City Council of the City of Mounds Minnesota as fol.lowz: It is hereny found and determined that it is necessary and expedient for the City to issue an Equipment Debt Certificate for the purpose of financing the purchase of police and street maintenance equipment, in accordance with the provisions of Minnesota Statutes, Section 412.301; and that the sale of said Certificate to the Utility Fund, on terms hereinafter set forth, is hereby ordered. 2. The City shall issue it's general obligation Equip- ment Debt Certificate in the amount of $60,041.00 authorized by the Council pursuant to the provisions of Minnesota Statutes, Section 412.301 for the purpose of financing the purchase of police and street maintenance equipment. Said Certificate shall be dated on or about October 10. 1988 and shall be payable to the Utility Fund at the City of of Mounds View. 3. Said Certificate shall be as follows: UNITED STATED OF AMERICA STATE OF MINNESOTA COUNTY OF RAMSE'Y CITY OF MOUNDS VIEW EQUIPMENT DEBT CERTIFICATE KNOW ALL MEN BY THESE PRESENTS that the City of Mounds View, Ramsey County, Minnesota, hereby acknowledges itself to be indebted and for values received promises to pay to the Utility Fund of the City of Mounds Viet:, on order, the sum o: $60,041.00 plus interest at 8% per annum in one installment ir. 1989. Principal and interest on this Certificate is payable at the office of the City of Mounds View, Minnesota, and for the prompt payment of said principal, the full faith, credit and taxing power of the said City have been and are hereby to irrovocably pledged.