#005 02-05-57 Authorize Certificates of IndebtednessResolution No. 5
February 5,1957
Member Rahn introduced the following resolution and moved its adoptions
INITIAL RESOLUTION AUTHORIZING ISSUANCE OF
$67,50o.o0 CERTIFICATES OF INDEBTEDNESS
BE IT RESOLVED by the Village Council of the Village of Golden Valley,
Minnesota, that the Village shall issue its certificates of indebtedness
in the amount of $67,500.00, for the purpose of purchasing fire equip-
ment and street construction and maintenance equipment, as authorized
by Minnesota Statutes, Section 412.301. It is hereby found and
determined that the amount of said certificates does not exceed 1%
of the assessed valuation of the Village, excluding moneys and
credits. The form and details of said certificates shall be
prescribed by further resolution of the Council, and in such
resolution there shall be levied a tax for the payment of the princi-
pal and interest on said certificates.
mayor
The motion for the adoption of the foregoing resolution was duly
seconded by Member btark, and upon vote being taken thereon, the
following voted in favor thereof: Bies, Nadasdy, Rahn, Stark and
Teresi, and the following voted against the same: None, whereupon
said resolution was declared duly passed and adopted and was signed
by the Mayor and attested by the Village Clerk.
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