Resolution 1373 - Laserfiche WebLink

Home Browse Search

. ~ ~ . 6. Such tax shall be irrepealable as long as this Certifi- cate of Indebtedness is outstanding and unpaid; provided that the city reserves the right to reduce the levies in the manner and to the extent permitted by Minnesota Statutes 475.61. 7. Said taxes shall be extended upon the tax rolls for the above year s , shall be collecte~ in the respective ensuing years with and as part of other general taxes levied in and for the city, and the proceeds thereof, when and so collected shall be placed in a sinkiQg fund which has been created for Certificates of ; Indebtedness, and shall be used for no other purpose than to pay the principal and interest of said Certificate when and as the same become due, except that in case any payment of principal or interest shall fall due on said certificate when there is not sufficient money in said fund to pay the same, that such principal or interest shall be paid out of any funds of the city available therefore, and such funds shall be reimbursed for such advances out: of said levies when collected. 8. The City Clerk is hereby authorized and directed, prior to delivery of said Certificate, to file in the office of the Department of property Taxation of Ramsey County, a certified copy of this resolution and to obtain from said Department of property Taxation a certificate that the Certificate herein authorized has been entered on this register of municipal obligations. 9. The officers of the city are hereby authorized and directed to prepare and furnish to the purchaser of said Certificat:e and to the attorneys approving the legality of the issuance thereof, certified copies of all proceedings and records of the city relating to Said Certificate and to the financial condition and affairs of the city, and such other affidavits, certificates and information as may be required to show the facts relating to the legality of said Certificate, as such facts appear from the books and records under their custody and control or as otherwise known to them, and all such certified copies, certificates and affidavits, including any heretofore furnished, shall be deemed representations of the city as to the facts recited therein. Adopted this 11th day of June, 1974 . ATTEST: . ----t:r~ t...0~... Vernon C. Pederson, Clerk-Treasurer (SEAL )