The St. Cloud journal. [volume] (St. Cloud, Minn.) 1866-1876, 1872-02-15
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!. ORDINANCE no. II.

tors Of the Northern Pacific Railroad Com
:pany, held in the city Of New York on the
18th day OF December, A. D. 1871. q reso-
luton was adopted that in consideration,
among other things, of the right OF way
through the City of st. Cloud, twenty acres
Of land for depot grounds, conveniently
located, aud good and sufficient guarantee
forthe issue and delivery to the St. Paul s.
Pacific Railroad Company of Sixty-fve
Thousand Dollars in The bonds of said city
bearing interest at the rate of not less than
seven per cent. per annum, payable semi
annually, the principal pay able in not less
than twenty years; the crossing by, the
said st. Paul & Pacific Railroad Of the
Mississippi river at st. Cloud be- at the
Wilson crossing, so-called 81 escopY Of
which resolution duly authenticated, was,
Ut a'meeting OF the Common Council aUf'
said CITY Of st. Cloud, duly held OF. the
25th day Of December, A. D. 1871; pre-
scented and by resolution declared to be
satisfactory to said city, and the same, all
and singular the provisos terms and con-
ditions thereof accepted. And whereas,
by virtue of an Act of the Legislature Of
the State of Minnesota, entitled can act
to authorize the City of st. Cloud to issue
bonds to aid 10 the construction of the st.
Paul g. Pacific Railroad through said city,"
approved Feb. 81, A.. D. 1872, the said
city was authorized TO- issue at any time
prior to the first day Of August, A. b. 1878,
fthe bonds Of said city,, with coupons at
tached, not exceeding the sum OF Sixty. five
thousand dollars, to aid in the secnstruc-
ton ola Railroad Bridge across the Mis-
sissippi river upon the line Of said Rail-.
road, leading from the east side of said
river into the city Of St. Cloud and the
further sum of Fifteen Thousand Dollars,
or SO much thereof as may be necessary,
to be used tor the purpose Of purch asing
the right of way and depot grounds, for
said Railroad through and IN, SAID city of
St. Cloud, and the Common Council of said
city authorized to submit by ordinance the
questions separately, Of issuing said bonds
in the sum Of Sixty five thousand Dollars
to aid in The construction of the, Bridge
aforesaid. and in the further sum Of Fiji
teen Thousand Dollars, or SO much thereof
As may be necessary to be used for the pur-.
pose Of purchas sing the right of way and
depot grounds aforesaid. Now, therefore,
The Common Council of The Csty of 81. Cloud
do Orddin ;ts%'ts. -. @
4 SEcrIos1. That the bonds Of the city
of St. Cloud, with coupons attached, be
issued in the sum of Fifteen Thousand
Dollars, or so much thereof ss may be
found 10 be necessary therefor, to be used
for: the purpose of purchasing the right Of
way and dspot grounds aforesaid to bear
interest st tho rate Of seven per cent. per
:annum payable annually. and each with
said coupons to be signed BY the Mayor
and countersigDed by the City Clerk Of
said city. The said bonds to be payable
70 the bearer as provided hereinafter. Il.
SEc. 2. The said bonds shall be in the
sum Of One Hundred Dollars each, shall be
nunhered from one to ono hundred and
6fty, inclusive, aud shall Do payable Is
follows: Fifteen Hundred Dollars in TWEEN.
~ years; Fifteen Hundred Dollars ii
twenty lone years; Fifteen Hundred Doll
lars IN twenty-five years; Fifteen Hun
dred Dollars Ia twenty -three years; Fiji
teen Hundred Dollars in twenty -four years
Fifteen Hundred Dollars in twenty five
years; Fifteen Hundred Dollars in twenty
six years; Fifteen Hundred Dollars in
twenty-seven years; Fifteen Hundred
Dollars IN twenty-eight years, and Fifteen
Hundred Dollars In twenty mime years after
date Of each. The interest coupon due on
.ha mo t~r;,v of each bond .hali be navn.
~. Ing u Matu y. . :. s"sA W." '1 =
o's So WIN ny Sa ...;d ho,d. .b.,, he re.;..
Ted - Z hooL. /. AT fnr ,het nnrro.e ~,
The CLERK If said citv, With the nnmber
.h ~ oastA = s y; WIN - wha ana
~. 49, ivy .s,:.s..a 800 81 80. I'LL -.
da,;..r.J AZ : = =. !, s>'1 =. nso..ssrv -
a .sars.n W, 0. .ed d.no.
.gounds nn n diyss,ion 81 the Gom5 SH.
g S.ss