RES 1973-146 - 00008249RESOLUTION NO. 146 1973
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RESOLUTION AUTHORIZING ISSUANCE OF REPLACEMENT BONDS
WHEREAS, the City of Fridley, Minnesota, issued and sold $2,135,000
Special Assessment Fund Bonds of 1972, dated October 1, 1972, and
WHEREAS, Leonard LaBelle, whose address is 3911 York Avenue South,
Minneapolis, Minnesota, has delivered to the clerk his sworn affidavit that
Bond Nos. 393 to 397, both numbers inclusive, which mature on January 1, 1991,
with coupons Nos. 373 to 377 both numbers inclusive, which mature January 1,
1989, with coupons Nos. 1 to 33, both numbers inclusive attached, representing
semiannual interest from October 1, 1972 to maturity, have been stolen or
lost and asking that the corporation issue replacement bonds, as authorized
by Minnesota Statutes, Section 475.70, and has delivered to the clerk -
a lost securities bond in the sum of $100,000 conditioned as required by law,
and with Aetna Casualty and Surety Company as surety thereon, and
WHEREAS, the governing body is advised that it may authorize the issuance
of other bonds to the owner in their place, corresponding with the missing
obligations as to number, date, amount and unpaid coupons,
NOW, THEREFORE, BE IT RESOLVED By the City Council of the City of Fridley,
Minnesota, that the City Clerk is authorized and directed to cause suitable
replacement bonds to be printed, said bonds to correspond with the missing
bonds as to date, number, amount and unpaid coupons, but both bonds and
coupons to be distinctive color and marked "DUPLICATE" bond, and to be excuted
with the orginal facsimile signature and the manual signature of the Mayor
and City Manager, respectively, and the City Treasurer, and to deliver said
bonds to Leonard LaBelle upon payment of all costs in connection with said ,
replacement bonds, including attorney fees.
PASSED AND ADOPTED BY THE CITY COUNCIL OF THE CITY OF FRIDLEY THIS 29TH
DAY OF OCTOBER, 1973.
ATTEST:
ITY CLERK - MARVIN C. BRUNSELL