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RESOLUTION 83028 <br /> • A RESOLUTION AUTHORIZING ISSUANCE OF <br /> CAPITAL EQUIPMENT CERTIFICATES OF INDEBTEDNESS <br /> WHEREAS', Minnesota Statutes , Section 412 . 301 authorizes the • City Council <br /> to issue certificates of indebtedness within existing debt limits to <br /> finance the purchase of street and police equipment and said equipment <br /> has been purchased; and <br /> WHEREAS, in conformance with .Minnesota Statutes*, Section 475 .61, the <br /> City Council has levied the necessary taxes such that 'if such taxes <br /> are collected in full, they will -produce an amount at least 5% in <br /> excess of the amount. needed to meet when due of the principal and <br /> interest payments on the obligations . <br /> BE IT-RESOLVED BY THE CITY COUNCIL OF ST. ANTHONY, MINNESOTA: <br /> (1) The City shall forthwith issue its negotiable general obligation <br /> street and police equipment certificates of indebtedness in the amount <br /> of $30 , 000 , dated June 1 , 1983. There shall be two (2) certificates , <br /> each in the denomination of $15 ,000 . They shall mature, accrue int- <br /> erest and shall be payable as follows : <br /> Maturity Amount Interest <br /> • Certificate #1 7/28/83 $15 ,000 <br /> Certificate #2 12/28/83 $15 ,000 <br /> The certificates are hereby sold to <br /> at a price equal to the principal amount thereof plus accrued <br /> interest from 6/1/83 to the date of delivery . <br /> (2) Such certificates shall be in substantially the following form: <br /> "The City of St. Anthony , in the Counties of Hennepin and Ramsey, <br /> and the State of Minnesota, for value received promises to pay to <br /> or order the sum of $15,000 <br /> on or before the day of , <br /> 19 with interest at the rate of percent per annum, <br /> payable at maturity. <br /> This certificate of indebtedness is issued by authority of a <br /> resolution passed by the City Council of St. Anthony, Minnesota <br /> on 19 pursuant to Minnesota <br /> Statutes, Section 412 . 301. <br /> The principal and interest of this certificate are payable . out of <br /> the money in the treasury of the City and the full faith and <br /> credit of the City are irrevocably pledged for the redemption of <br /> this certificate. <br /> • In testimony whereof the City of St. Anthony has caused this <br /> certificate to be signed by its Mayor and City Manager and its <br /> `> c-o--,porate seal affixed thereto this day of <br /> 1�9 <br />