#526 07-21-73 Provide Cancellation Outstanding BondsResolution No. 526
May 21, 1973
Member Ulstad introduced the following resolution and MOVED its adoption:
RESOLUTION PROVIDING FUR CANCELLATION
OF OUTSTANDING BONDS
WHEREAS, The Village of Golden Valley holds in its Debt Redemption Sinking
Fund $17,000.00 of Village of Golden Valley Improvement Bonds of the First
Series of 1958, and,
WHEREAS, the above bonds are payable from Trunk Sewer #3 Sinking Fund
and the Council is desirous of closing said Sinking Fund, and,
WHEREAS, no other bonds of the First Series of 1958 are outstanding
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 $17,000.00 from the Trunk Sewer #3 Sinking Fund to the 'Debt Redemption
Fund in full payment of said bonds and further directs cancellation of said.
bonds, all effective, January 1, 1973, and,
BE IT FURTHER RESOLVED that the Village Treasurer is directed to notify
the County Auditor and the paying agent of the action directed above.
Mayor
Attest:
V LSO /
illage Clerk
The motion for the adoption of the foregoing resolution was duly seconded by
Member Bix, and upon vote being taken thereon, the following members voted
in favor thereof: Bix, Hoover, Moberg, Riggs, and Ulstad; and the following
voted against the same: None, whereupon said resolution was declared duly
passed and adopted, signed by the Mayor, and his signature attested by the
Village Clerk.
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