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CC_Minutes_1952_1216
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CC_Minutes_1952_1216
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7/17/2007 8:45:36 AM
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2/1/2005 5:36:11 AM
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Roseville City Council
Document Type
Council Minutes
Meeting Date
12/16/1952
Meeting Type
Regular
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<br />Continued Page Ü. <br /> <br />'") 1'('.; 'J¡ <br />f..,¡ ,,) <br /> <br />(Form of Coupon) <br /> <br />$ <br /> <br />No. <br /> <br />On the second day of January (first day of July), 19 , the Village <br />of Roseville, Ramse;)T Count~', Minne~ota, will pay to bearer at the <br /> <br />the sum of $ <br />and street Equipment Certificate <br />uary 2, 1953. <br /> <br />, for interest then ~le on its Fire <br />of Indebtedness iJo. , dated Jan- <br /> <br />Village Clerk <br /> <br />Mayor <br /> <br />3. The Village Clerk is directed to cause f;aid Certificates to be <br />prepared and the Ma:ýor and Clerk iiU'C authori~~e¿ and rlirecteeJ to execute the <br />same, and to cause the said coupons to be executed and authenticated by the <br />printed, engraved, or lithograph~d facsimilo signatures of said officers. <br /> <br />4. The said Certificates when so prepared and executcd shall be delivered <br />by the Treasurer to the purchaser thereof upon receipt of the purchase price, <br />and the said purchaser shall not be obliged to sen to the proper a-;.>plication <br />thereof. <br /> <br />5. There is hereby created a special fund to be designated as "Fire <br />and St.reet Eql¡ipment Certificates of IndebtedncsE Fund", to be helc1 and admin- <br />istcred by the Village Treasurer separate and apart from all other funds of <br />the Vill;¡ge. Said fund shall be m~tintained in the manner herein specified <br />until all of the Certificates herein authorized and interest thereon shall <br />have been fully paid. In said fund there shall be mai.ntained two sepB.rate <br />accounts to be designated as the "Acquisition Account" and the "Sinking Fund <br />Account':, respectively. The proceeds of the s;Ùo of Certificates herein <br />authorized, less accrued interest received thereon, shall be credited to the <br />Acquisit.ion Account. From said Acquisition Account there ~hall be paid all of <br />t.he costs of the accluisition of street and fire eqldprnent for the Village and <br />the mone~'s in said account shall be used for no other purposes, provided that <br />if upon completion of said acquisition there shall 'Y'emain any unexpended <br />balance in said Acquisition Account such balance shall be trnnsferred to the <br />Sinking Fund Account. Therc; shall alf70 be credited to the Sinking Fund <br />Account, all collections of general taxes herein lovied éln(l ;111 accrued inter- <br />efit received upon deli ver~' of said Certificates. The Si.11king Fund Account <br />~hall bc useè solely to pa:' principal ami interest on the Certificates issued <br />hcreuIlc'er. <br /> <br />6. To provide r.lone~'s for the pa:rmcnt of SéJici principal and interest <br />there Ü3 hereby levied upon all of tl!A t:.1xablo property in the VillAge direct <br />general P1UlUal ad valo::'of'1 tnx, which shall be spread upon the tax rolls <br />and collected Vii th :md aD part of, other general proport;y t.?xes in said <br />Vill age for the years and in the amounts !1S follows: <br />
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