HomeMy WebLinkAboutCity Council Resolution 1968-160Couneilsan Hagm introduced the following resolution and Moved its adoptions
WHMM, the Geaeral Assembly of the United 'Nations has called for the
annual observancs of October twenty-fourth as United: Nations Day, to be celebrated
by all Neer Notions;- and
WMFAS, in recognition of the greatly increased Interdependence of the
world in this nuclear age, and
WHOIAS, realizing that the common interests of Man can only be not through
world cooperation, and
WHEREAS, seekin:! to free Mankind fres► the curse of war and to harness all
available sources of energy and knowledge to the service of Men's needs, and
WHEREAS, aware that we can best serve our city, county, .tate and nation when
we also think and act as world citizens.
NOW, TMEFORE BE IT HER1iBT RESOLVED BT THE VILIIIGE COUNCIL OF THE VILLAGE OF
PLTHOUTHs
1. That the Mayor and Council of the Village of Plymouth recognise the
sovereign,rght of our citisemm to declare that their citizenship
responsibilities extend beyond our city and nation. We hereby loin
with other concernedpeople of the rorld'is a declaration that ws
share In this world.responsIbility.and that our eitisans are n'thip
sense citizens of the world. hie pledge our oflorts is Morld cltiseas
to the e-stablisb.eat of permanent, Penn based on just world law, and
to the us* of world resources is the service of wind and not for Me
destruction.
%A 1CLa S- -�Im4�A mm RAI -MA WMV40n■ Dam_ and that
No. 1
UNITED S-ZATES OF AMERICA
STATE OF MINNESOTA
COUNTY OF EM. SPIN
VILLAGE OF PLYMOUTH
7S%1 Z1ORARY IM 0V8 F BOND OF 1968
$100,000
KNOW ALL ° BY ThTSE PRESENTS That the Village of Plymouth,
a duly organized municipal corporation of Hennepin County, Min-
nesota, acknowledges itself to be indebted and, for value received,
promises to pay from its Construction Fund For Public Improvement
Bonds of 1968 the sun of 0?v'E W.i-Aonnii THO—k SAND DOLLARS on the 1St
day of November, 1968, with option of prior payment, and to pay
interest thereon from the date hereof until paid at the rate of
three and one-half percent (3�Y%) per annum, payable the 1st day of
November, 1968. Both principal and interest are payable at First
Natio nal Bank of Minneapolis, Minneapolis, Minnesota, in any► c )in
or currency of the Un..ted States o: 6marica which at the time of
payment is legal tender for public and private debts. For the
prompt and full payment of such principal and interest as the same
become due, the full faith, credit and taxing powers of the village ;
are hereby irrevocably pledged.
This bond is in the aggregara principal amount of $100,000,'
issued by said village for the purpose of defraying expenses in-
curred and to be incurred i:a the construction of public improve-
ments of the village and is issued pursuant to and in full con-
formity with the Constitution and :a s of the State of Minnesota
thereunto enabling, including Minnesota Statutes, Section 429.091,
Subdivision 3_ This bond is payable primarily from the proceeds
of special assessments to be levied by the village against property
benefited by the making of such improvements but constitutes a
•, general obligation of the village; and the village is required to
Pay the principal thereof and interest thereon from any funds in
the treasury in the event the moneys on hand in said Construction
Fund are at any time insufficient to pay principal and interest
on bonds of this issue, when due, and, at or prior to maturity of
this bond, the village is further required to issue and sell
definitive improvement bonds and to pay this bond and interest
thereon out of the proceeds of such definitive improvement bonds,
to the extent that this bond cannot be paid out of assessments and
taxes theretofore collected or out of any other municipal funds
which are properly available and appropriated by the village for
such purpose.
IT IS HEREBY CERTIFIED, RECITED, COVENANTED AND AGREED
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That all acts, conditions and things required by the Constitu-
tion and laws of the State of Minnesota to be done, to happen
and to be performed preliminary to and in the issuance of this
bond in order to make it a valid and binding obligation of the
village according to its terms, have been done, do exist, have
happened and have been performed as so required; that the village
has duly determined the necessity of and provided for the con-
struction of said improvement; that the Construct -on fund has
been duly created and provision has been made for support thereof
by ad valorem taxes and special assessments to be levied, at or
prior to the time for issuance of such definitive bonds, for the
years and in aggregate amounts not less than five percent (5%)
in excess of sums sufficient tD pay the principal and interest
becomo due, and additional taxes, if needed for said purpose,
may be levied upon all taxable property in the village without
limitation as to rate or amount; that the holder hereof may have
and enforce by appropriate proeeedi n g*s all duties imposed by
Minnesota Statutes, Chapter 429, upon the village and its
officers with reference to the levv and collection of said assess-
monts and taxes and the issuance of said definitive bonds; and
that the issuance of this bond did not cause the indebtedness,
of said village to exceed any constitutional or statutory
limitation.
IN WITNESS WHEREOF, the Village of Plymouth, Hennepin
County, Minnesota, by its Village Council, has caused this bond
to be executed in its behalf by the manual signature of its
Mayor and the manual signature of its Clerk, and sealed with
its imprinted and facsimile official seal, and has caused this
bond to be dated as of August (a , 1968.
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7. The village clerk shall obtain a copy of the proposed
approving legal opinion of Messrs. Howard, LeFevere,
Lefler, Hamilton and Pearson, which shall be complete except
as to dat-ng thereof. The clerk shall obtain a copy of the
opinion at the time of bond delivery and execute a separate
certificate as to such opinion in his office.
S. The bond shall be prepared under the direction of
the village clerk and shall be executed on behalf of
the village by the manual signature of the mayor and the manual
signature of the clerk, and the corporate seal of the village shall
be affixed thereto. When said bond has been executed and authen-
ticated, it shall be delivered by the treasurer to the purchaser
thereof, upon payment of the purchase price heretofore agreed
upon, and said purchaser shall not be obligated to see to the
application thereof.
9. The village clerk is hereby authorized and directed to
file a certified copy of this resolution with the
county auditor of Hennepin County, together with such other in-
formation as he shall require, and to obtain from said county,,
auditor a certificate that said bond has been entered on his
bond register.
The above motion was seconded by Councilman Humphrey and
upon vote being taken thereon the following voted in favor thereof:
Mayor Hilde, Councilmen O'Falloa, Hagen, Hunt and Humphrey.
The following voted against: hone
whereupon such resolution was declared duly passed and adopted,
STATE OF MIfi?W:-:SOTA )
COUNTY OF HENNEPIN ) SS_
VILLAGE OF PLYMOUTH )
I, the undersigred, being the duly qualified and acting
clerk of the Village of Plymouth, Minnesota, hereby certify
that I have carefully co;aa»red the atTa,-Iad and foregoing extract
of minutes of a. reaulsr wee ing of the Village Council of said
village held Au0,st 5, 196S, with the original thereof on file in
my office and she same is a full, true and complete transcript
therefrom insofar as the sz-- relates to the issuance and sale
of $100,000 Temporary I=:provemeat Bonds of -,the village.
to
WITNESS Xy hrad official/ as 9h c rk and
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seal of the village this r, day f