Resolution 1769 - Laserfiche WebLink

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, . . . " . City of New Brighton, Minnesota '$od for the prompt payment of said principal and interest, as the same respectively fall due, the full faith, credit and taxing powers of the said city have been and are hereby irrevocably p~edged powers of the said city have been and are hereby irrevocably pledged. This certificate is issued for the purpose of purchasing fire, police, and street equipment for the City and is authorized by a duly adopted resolution of the City Council of said city, dated and issued pursuant to and in full conformity with the constitution and Laws ot the State of Minnesota thereunto enabling including Minnesota Statutes, Section 412.301. IT IS HEREBY CERTIFIED AND RE~ITED, That all actsJ conditions and things required by law to be done, to exist, to happen and to be performed, precedent to and in the issuance of this Certificate have been done, do exict, have happened and have been performed in regular and due form, time and manner; that a direct, annual, irrepealable ad valorem tax has been duly levied by sa4d City in an amount sutficient to pay the interest on this Certificate when it falls due, and also to pay and discharge the pri~ipal installments hereof on their respective due date; and that this Certificate, together with:: all other existing indebtedness of said City, does not exceed any constitutional or statutory limitiU:ion indebtedness. IN WITNESS WHEREOF, _aid City has caused this Certificate to be executed in its behalf by its Mayor and Manager, and the official seal of the Ci~y to be affixed hereto as of December 28, 1976. Gayle C. Bromander, Mayor ATTEST: dmM~ Thomas F. Lewcoc, anager VernonC. Pederson, Clerk-Treasurer 4. Said Certificate shall be executed on behalf of the City by the signatures of the Mayor and Manager and the official seal of the City shall be affixed hereto; the full faith, credit and taxing powers of the City shall be and they are hereby pledged to the full and prompt payment of the prinvipal and interest of s<lid Certificate as they respectively fall due. 5. For the purpose of paying the principal installments of and interest on said Certficate as such installments and il'lterest respectively become due, there is hereby levied a direct annual ad valorem tax upon all of the taxable property in the city for the ;y~rs and in the amount as follows: Year Amount! 1976 $ 32,298.75 1977 30,830.63 6. Such tax. shall ,be irrepealaple as long <lS this Certificate of Indebtedness is outstanping Cl-ng unpaid; prOVided t!.nat the City reservces the right to reduce the levies. in the manner and to the extent permitted by Minnesota Statutes 475.61.