02-17-1960 VCM Special
EXTRACT OF MINUTES OF MEETING
VILLAGE OF ELK RIVER COUNCIL MEETING
February 17, 1960
A special meeting was held at the Municipal Building on Feb 17, 1960 at 3:00 o’clock P.M.
Members present:
Henry Johnson, Mayor; August Meyer, R.G. Kemper, Trustees; H.A. Briggs, Clerk
Member Meyer then introduced the following resolution and moved its adoption:
RESOLUTION AMENDING PARAGRAPH 5 OF THE RESOLUTION ADOPTED AT THE
FEBRUARY 1, 1060, REGULAR MEETING OF THE VILLAGE COUNCIL DETERMINING
THE FORM AND DETAILS OF $105,000.00 SEWAGE TREATMENT PLANT BONDS OF
THE VILLAGE, CREATING A SINKING FUND THEREFORE, AND LEVYING TAXES
FOR THE PAYMENT THEREOF.
BE IT RESOLVED, by the Village Council of the Village of Elk River, Sherburne County,
Minnesota, that paragraph 5 of the Resolution adopted at the February 1, 1960, regular meeting of
the Village Council determining the form and details of $105,000.00 sewage treatment plant bonds
of the Village, creating a sinking fund therefore, and levying taxes for the payment thereof be and is
hereby amended to read in its entirety as follows:
“5. For the prompt and full payment of the principal and interest on said bonds as the same
respectively become due, the full faith, credit and taxing powers of the Village shall be and are
hereby irrevocably pledged. To provide moneys for the payment thereof, there is hereby levied upon
all of the taxable property in the Village, a direct, annual, ad valorem tax which shall be spread upon
the tax rolls for the years and in the amounts as follows, and collected with and as a part of other
general taxes of the Village in the respective ensuing years:
Year Amount Year Amount Year Amount
1960 10,9000 1966 8,800 1972 7,500
1961 9,9000 1967 8,600 1973 7,300
1962 9,7000 1968 8,400 1974 7,100
1963 9,400 1969 8,200 1975 6,800
1964 9,200 1970 8,000 1976 11,900
1965 9,000 1971 7,700 1977 11,400
1978 11,000
Said tax shall be irrepealable as long as any of said bonds are outstanding and unpaid: provided, that
the Village reserves the right and power to reduce the levies in the manner and to the extent
permitted by Minnesota Statutes, 1957, Section 475.61.”
The motion for the adoption of the foregoing resolution was duly seconded by Member Kemper,
and upon vote being taken thereon, the following voted in favor thereof:
Kemper
Briggs
Meyer
And the following voted against the same: None
Whereupon said resolution was declared duly passed and adopted, and signed by the Mayor, which
was attested by the Clerk.
STATE OF MINNESOTA
COUNTY OF SHERBURNE
I, the undersigned, being the duly qualified and acting Clerk of the Village of Elk River, Minnesota,
hereby attest and certify that
(1) As such officer, I have the legal custody of the original record from which the attached and
foregoing extract was transcribed;
(2) I have carefully compared said extract with said original record;
(3) I find said extract to be a true, correct and complete transcript from the original minutes of a
meeting of the Village Council of said Village held on the date indicated in said extract,
including any resolutions adopted at such meeting, insofar as they relate to the issuance of
Sewage Treatment Plant Bonds; and
(4) Said meeting was duly held, pursuant to call and notice thereof as required by law.
th
WITNESS my hand officially as such Village Clerk, and the seal of said Village, this 17 day of
February, 1960.
H.A. Briggs
Village Clerk