#334 02-07-72 Provide Cancellation Outstanding BondsResolution No. 33h
February 7, 1972
Member Ulstad introduced the following resolution and MOVED its
adoption:
RESOLUTION PROVIDING FOR TRANSFER OF
INVESTMENTS AND CANCFLLATION OF OUT-
STANDING BONDS
WHEREAS, the Village of Golden Valley holds in its Trunk Sewer 42
Sinking Fund $12,000 of Village of Golden Valley Improvement Bonds of
the Fifth Series of 1958 and,
WHEREAS, the above bonds are pavable from the Third Series of 1957
Sinking Fund and the Council is desireous of closing said Sinking Fund
and,
WHEREAS, no other bonds of the Fifth Series of 1958 are outstand-
ing other than those noted above;
NOW THEREFORE, BE IT RESOLVED by the Village Council of the Village
of Golden Valley, Minnesota, that the Village Treasurer is directed to
transfer the sum of $12,000 from the Third Series, 1957 Sinking Fund to
the Trunk Sewer #2 Sinking Fund in full payment for said bonds and further
directs cancellation of said bonds, all effective February 1, 1972, and,
BF IT FURTHER RFSOL72 that the Village Treasurer is directed to
notify the County Auditor and the paving agent of the action directed
above.
Mayor
Attest:
Village Clerk
The motion for the adoption of the foregoing resolution was duly seconded
by Member Hoover, and upon vote being taken thereon, the following members
voted in favor thereof: Hoover, Paulson, Riggs, Stockman, and Ulsta.d;
and the following voted against the same: None, whereupon said resolution
was declared duly passed and adopted, signed by the Mayor, and his sig-
nature attested by the Village Clerk.
1
1