RES 1968-55 - 00010381,
RESOLUTION NO. 55 — 1968
A RESOLUTION DEUDCTING THE SALE AND PURCHASE OF TWORARY II'PROTE?•ESIT
BONDS IN ACCORDANCE WITH LAWS OF 1957, CHAPTER 385
FE IT Z ;CL:T By the City Council of the City of Fridley, Anoka County, Minnesota..
as follows:
T5kT NO-I FAS IT has I aretofore b *cn determined by this Council to issue temporary
is ,,avouant bonds in crdor to provide the necAe:aF--,v funds for th,, comtruction
and pa; 7,V<_at of e..p , 2•<a Mlrtiv-o to the following improvement proje 4o to -.dt:
Saritary Scwzr, Water aye -' :Z)t4:cm SeYS ^r. Ittproverant Pl'ojeet Na. °8
.fa_j��L_Rl :na an ".`sfi *.ntr_ons aUFlavcd by th? City Council: and
VF- K-MS IT has been determimd that there is at the present tisf^, an amount in
trtr: ^aa of x$200 000 0( in the follrroing fund, to-.Tit:
Re hr Srocial Acscssn:-,nt^
whi:�b m mai ell r:A he required for other purposes prior to April. is 1971
IT IS THE- °YYk)RE Detyrnined to be in the interest of the City of Fridley that the
aLa of $200.000.00 T _
HE IFITESTED As authorized by 1a,w and in accordarce they -i?ith it is hereby deterrdnad
to purc`j ac tha sum of yO L'O,GQt�00 of the aforementioned Sa Litany Sewer,
Water and 5* x I, pravunn?t Pro, ect PIa, $S tempn :r<.xy ismied
u_rdor dyte of laril 1. 196q
UP011 Thqir ilditisl is z rep in €.ocordance with t're pro-.1sions of *N- 1m.orata Statutoss
%t .1 4 —p alai, µl5.66, out of fundo
7jkl.na_ Nar.l _ _ � and on behalf of said fund at par and accrued interoat
aq off' th.o date of de)ivy?, of --IL-id bcndi and co .pl ti or. Of such sal. -: it crY:ZnL
Ll
f?s ,I 4r dotal i mzd to ba roaton2,ble
and advartp-; oUs to
6usei .1 6r�s: r y -ni,w
to invest in said
ter ,ora;y impr0 77azt
bonds
and to ba and advaLtagoass to the City to smU said ? ,Rnrry ,n:ent
bond,1 to t}ii Q. ,i7iun.+� ."i +� 1,3r, -tor
in Fatordm" with proyisions of tSiz ra�c1.�4'lon,
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Resolution No. 55 -1968 Cont.
ATTEST:
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CITY
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The City 1Laxagar
and Trcaourer anD hereby authorized and diractod
to tajo
crsy and all steps
noaessaiy to offset tho provisions of tha aforogOLI
roaolutions and to raka such tranofo_• ::f funds as .wry be necosasry from ti•*o
to tis,�a
to giva offset to
tN,s provisions huraof.
pASSED
A14D ADO"i D BY THE
CI13 COUNCIL OF THE CITY OF FRIDLEY THIS .15SH
DAY O.•
APRIL
_, 1968
ATTEST:
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CITY
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i