Res 1963-28 22
Resolution No. 27-1963 (con't)
SEC. 16. The officers of the City and the County Auditor of Anoka County
are hereby authorized and directed to prepare and furnish to the
purchaser of said bonds and to the attorneys approving the legal-
ity of the issuance thereof, certified copies of all proceedings
and records relating to said bonds and to the financial affairs of
said City and such other affidavits, certificates and information
as may be required, to show the facts relating to the legality and
marketability of said bonds as the same appear from the books and
records under theircontrol or as otherwise known to them, and such
certificates, certified copies and affidavits, including any here-
tofore furnished, shall be deemed representations of the City as to
the correctness of all statements contained therein.
PASSED BY THE CITY COUNCIL THIS 18th DAY OF FEBRUARY, 1963
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RESOLUTION NO. 28-1963
A RESOLUTION DIRECTING THE SALE AND PURCHASE OF TEMPORARY IMPROVEMENT BOND
Ili ACCORDANCE WITH LAWS OF 1957) CHAPTER 385
BE IT RESOLVED by the City Council of the City of Fridley, Anoka County,
Minnesota, as follows:
THAT WHEREAS it has heretofore been determined by this Council to issue
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temporary improvement bonds in order to provide the necessary funds for the
construction and payment of expenses relative to the following improvement
projects to wit: Storm Sewer Improvement Project #53 as per plans and
specifications approved by the City Council; and
WHEREAS it has been determined that there is at the present time an
amount in excess of $75,000.00 in the following fund, to-wit: Regular
Special Assessment Fund - Sinking Accounts which sum will not be required
for other purposes prior to January 15, 1965.
IT IS THEREFORE determined to be in the interest of the City of Fridley
that the sum of $75,000.00 of Regular Special Assessment Fund (Sinking
Account)
BE INVESTED as authorized by law and in accordance therewith it is
hereby determined to purchase the sum of $75,000.00 of the aforementioned
Storm Sewer Improvement Project #53 Bonds (Series "A") temporary issued
under date of January 15, 1963.
UPON their initial issuance in accordance with the provisions of
Minnesota Statutes, Sec. 429.091, 471.56 and 475.66, out of the funds in
Regular Special Assessment Fund (Sinking Account) and oft behalf of said fund
at par and accrued interest as of the date of delivery of said bonds and
completion of such sale; it being further determined to be reasonable and
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advantageous to Sinking Account of the Regular Special Assessment Fund to
invest in said tenroorary improvement bonds and to be reasonable and advan-
tageous to the City to sell said temporary improvement bond to the Sinking
Account of the Special Assessment Fund, in accordance with the provisions
of this resolution.
SEC. 1. The City Manager and Treasurer are hereby authorized and directed to
take any and all steps necessary to effect the provisions of the aforegoing
resolutions and to make such transfer of funds as may be necessary from time
to time to give effect to the provisions hereof.
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PASSED AND ADOPTED BY THE CITY COUNCIL OF FRI➢LA_ S 18t DA O BRUARY,1963
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