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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
Whereupon the Mayor declared the resolution passed and adopted this 22nd.
day of January 1958.
6)
Mayor
I hereby certify that the foregoing resolution is a true and correct copy
of a resolution presented to and adopted by the Village of Mounds View, Minnesota
at a duly authorized meeting thereof held on the 22nd day of January, 1968, as shown
by the minutes of said meeting in my possession.
(SEAL)
By
Robert A. Walser
Title: Village Clerk
For: Village of Mounds View
Payable
Year Principal
(January 1)
1968
1039 5,000
1970 5.000
1971 10,000
1972 10,000
1973 10,000
1974 10
1975 10,000
1975 10,000
1977 10,000
1978 10,000
1979 10,000
1980 10,000
1981 10,000
1982 10,000
1983 10,000
BOND SCHEDULE
Interest
January 1 July 1
$3,935.00
$4,075.00 3,932.50
3,257.50 3,140.00
3,140.00 2,905.00
2,905.00 2,670.00
2,435.00
2,200.00
1,960.00
1,720.00
1,480.00
1,235.00
990.00
745.00
500.00
250.00