HomeMy WebLinkAboutResolution - 83-110 - Reissuing Bond #37 - Gilbert Jacobson - 05/17/1983 RESOLUTIOrd N0 . 83-110
Member George Tangen introduced the following
resolution and moves its adoption
RESOLUTION RELATI14G TO $1 , 100 , 0 00 GENERAL
OBLIGATION IMPROVEMENT BONDS OF 1982 ,
DATED MARCH 1 , 1982 ; AUTHORIZING THE
ISSUANCE OF A DUPLICATE BOND AND COUPONS
WHEREAS , the City of Eden Prairie , Minnesota ( the
City ) did on March 2 , 1982 , issue $1 , 100 , 000 General
Obligation Improvement Bonds of 1982 , dated March 1 , 1982 ;
and
WHEREAS , the bond of that issue numbered 37 ,
matures on March 1 , 1986 , bears interest at the rate of
11 . 00% per annum, and is in the denomination of $ 5 , 000
( the Bond ) ; and
WHEREAS , Gilbert R. Jacobson , of 5229 Bryant
Avenue North , Minneapolis , Minnesota , as reputed owner of.
the Bond has furnished satisfactory proof of his ownership
of the Bond and of the loss thereof and of coupon Nos . 1
through 8 , inclusive , and has submitted an indemnity bond
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as required by law ;
NOW THEREFORE , BE IT RESOLVED by the City Council
that a duplicate of the Bond and coupons described in the
preamble hereto be prepared as set forth in Minnesota
Statutes , Section 475 . 69 and 475 . 70 , be executed by the
Mayor , the City Manager and the Finance Director/Clerk ,
and be issued to the owner . The Finance Director/Clerk
shall keep a record of the transaction , as required by
Section 475 . 70 .
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% F nce Direc}or /Clerk