The St. Cloud journal. [volume] (St. Cloud, Minn.) 1866-1876, 1872-02-15
OFFICIAL
ORDlNANLE NJ, ia.

~ WHEREAS, At u meeting Of the Directors OF the
Northern Pacific PailiOad Company held in the
wy o. New York, On tue 1871, dizzy vi Dssembtr, A.
~ ISL, resolut ii t.tted that in CONSIDERS
.on among other things, ofth- eight Of way through
the city Of st. Clvul, twenty acre, OF laid I'm d..
pot 6. ouuds, conveniently .at d, aud q ~. AMI
sntci-ni guarantee for he Issue aud deiye, u, lie
et. PAU p"ci..c Railroad Co. OF Sixty-hye Th,u--
sna aoiiaIs IN t'r '",ds al s., city, bea lug int.
est AZ the rate OF not IS than per ceut y
annun payable sen-auhually, The principal pAyat,
IN not less than twenty years. the crossing BY he
the said st. Paul Pacific Railroad OF the Missssip.
called, copy of which resolution duly authentic
Gated was at meeting Of the Common Council OF
said city Of st. Cloud, duly hold tue 25th day Of
to Be- to saa and the
with all and singular the provisos terms and con-
ditions thereof accepted.
tn AND Wass.As. b virtue Of an act Of the Legisa
authorize the city ~ st. Cloud to issue bonds to
aid In the construction of tho st. Paul Pacific Rail-
road through said city" approved February 3d. A. D.
ae!1 tho said city city was authorized to issue at
any time PRIOR to the first day Of August. A. D. 1875
me bonds OF said city with coupons attached, not
exceeding the SUM of sixtyve Thousand dollars, to
ald IN the construction of railroad bridge across
the Misslssppi river upon the line of said railroad
leading from the east sdeof said river into the
Of 81. Cloud and the further of Fifteen Thous-
and dollars or so much thereof may ia necessary
to be used for the purpose Of purchasing the right
and In said city of Of St. Cloud, and the Common
Council Of said city authorized to submit by ordi-
nance the questions separately of isyung the bonds
OF said city In the sum of Sxty-fve Thousand dol.
lars, to aid in the construction of the bridge afore
said, and in the further sum Of Fifteen Thousand
dollars or so much thereof may be necessary to
be used for the purpose Of purchasing the light Of
way and depot grounds aforesaid. Now therefore ::
The Common Council Of the city Of San: Cleua do
SECTION l. That the bond. OF said City of Saint
Cloud with the coupons attached, DO issued in the
sum of sxty-ve thousand dollars to aid in the COLI
structon Of railroad bridge across the Mississippi
river upon tho line of the St. Paul & Pacific Rai
road leading from the east side Of said river into the
city Of st. Cloud; to bear interest At the Este of
seven per cent per annum, payable semi.annually
AMI each with said coupons to be signed by the
Via or and countersigned by the City Clerk of said
city. The said bonds to be made payable to
''rhe st. Paul Pacific Railroad Company or bear
er, q provided by Section Two ofthis OF dinancc.
Six Thousand Five Hundred dollars each; shall be
numbered from ono to ten Inclusive, and shall be
payable as follows: Number one in twenty years
from date: Number two in twenty-one years from
date Number throe n twenty-five years from date ;
Number four in twenty-three years from dates Mum
Der five in twenty.f0ur years from date; Number six
IN twenty five years from date; Number seven in
twentysix years from date; Number eight in twenty
seven years from date; Number nine in twenty
eight years from date and Number tcu in twenty.
nine years from date. Tho interest coupons due at the
VI Snail De payaDie the
SEC. 3. The said bonds shall be registered in a
book kept for that pupos" ty the Clerk Of lid city
with dates of delivery, number, and when maturing
and none of said bonds shall be delivered until the
said St. Paul Pacific Railroad Company shall have
constructed and completed its bridge across the Mis-
sisissippI river at what is known theWson Cros-
ng,' in said city, shall have erected its depot upon
the grounds here osre selected by said CITY, through
its committee adjoining andlying upon Breckenridge
avenue thereto and shall have extended its line OF
road across said bridge to said depot and from thence
to and across Sank river not north of the south half
Of section four az In township 124 north Of range %
west, 50 that cars may thereon. If prior to de-
livery aforesaid Of any all of said bonds interest
shall have accrued thereon coupons to the amount
such accrued interest shall be detached therefrom
and destroyed before such delivery.
Sec. 4 That the Common Council of said city
shall order special election provided by the Act
aforesaid at which election this ordinance shall be
submitted for approvalin accordance With tao pro-
visions Of said Act, approved February 3D., A D
SIC. S. This ordinance shall DO published As by
ton, and shall take effect and be in force from and
after Its approval by majority of the voters of said
city, qualified provided in said Act, and its publ
cation thereafter as provided by law.
AYEs-Ald. Burbank Carter, Dorr. Lamb, Powell,
T. Smith, J. G. Smith, schulten aud Mr.. President
NAYs-None.
L. CLARK,
President of Council
Approved February It'll. 1872.
Attest, CHS. D. KERR,
NATHAN r. BARNES, Mayor