HomeMy WebLinkAbout0413 Ord (Street Construction & Equipment Bonds)56
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ORDINANCE NO. 413
ORDINANCE PROVIDING FOR i:.SUANCE AND PUBLIC SALE OF $350,000
STREET CONSTRUCTION AND E:JUIPMENT BONDS OF 1967.
THE COUNCIL OF THE CITY OF STILLWATER, MINNESOTA, DO ORDAIN AS
FOLLOWS:
1. It is hereby found, determined and declared that it is
necessary and expedient for the City forthwith to issue its general
obligation bonds in the amount of $350,000 for the purpose of con-
structing street and storm sewer improvements and a street garage, and
to purchase equipment.
2. The City Clerk is hereby authorized and directed to
cause to be published in the official newspaper of the City and in
the Commercial West, a weekly financial periodical published in
Minns:tone, Minnesota, notice of the public sale of $350,000 Street
Construction and Equipment Bonds of 1967, to be issued for the purpose
stated above. This Council shall meet in the Council Chambers on
June 28, 1967, at 5:00 o'clock P. M., to receive, open and consider
bids for said bonds received pursuant to such notice, and to take
such additional action with respect to said bonds as is then
appropriate.
3. The form of notice of sale of said bonds submitted to
the Council this date and now on file in the office of the City Clerk
is hereby approved and by reference incorporated herein. Each all
of the terms and provisions of said form of notice are hereby adopted and
confirmed as the terms and conditions for the sale and issuance of
said bonds as fully as though separately set forth herein.
Passed by the City Council this
13th day of June, 1967.
Published: June 22, 1967
Attest:
City Clerk
Mayor
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