The St. Cloud journal. [volume] (St. Cloud, Minn.) 1866-1876, 1872-02-29
+ OFFICIAL ]
ORDINANCE No. is.

sWaIaEAs. At = meeting Of the Directors of the
Northern Pacific Railroad Company. hold in the
City Of New York, on the 18th day Of December, A.
ton. among other things, right way through
tho city Of st. Cloud, twenty Acres of land for de-
pot Erounds, conveniently located, and good and
Sufficient guarantee for the issue and delivery 70 the
st. Paul Pacific Railroad Co., Of Sixty-hve Thous-
and dollars In the bonds Of said city, bearing inter
est at the rate of not less than per cent
annum payable semiaunually, the principal payable
the aid s.. PAUL. Pacific railroad q The ai.a.sp.
pi river at St. Cloud be at the Wson Crossisg,
called, copy Of which resolution duly authenti.
said city OFFS Cloud. duly held on The 2Sth day CT
December A. 1871, presented and by resolution de.
clared to be satisfactory said city and tho same,
%ian s ana singular tho proviso terms and con-
ture Of the State Of Minnesota entitled aAu At to
aid IN the construction Of the st. Paul Pacific Rail.
road through said city approved February 3d. A. D.
1872 the said city city was authorized to issue at
any time prior to the first day Of August A. D. 1875
exceeding tho sum of sxtydve Thousand dollars, to
aid In tho construction of railroad bridge across
the Mississippi river upon the line of said railroad,
Of st. Cloud, and the further sum Of Fifteen Thous-
and dollars or 80 much thereof - may DO necessary
TO be used Tor the purpose Of purchasing the right
Of way and depot grounds for said railroad through
Council Of said city authorized to submit by ordi-
nance the questions separately of issuing the bonds
Of said city in tie sum Of sixty-hve Thousand dol
lars to aid In the construction of the bricge afore
said, and In the further sum of Fifteen Thousand
dollars or 80 much thereof as may be recessary to
be used for the purpose Of purchasing the light of
way and depot grounds Aforesaid. Now therefore
The eosaaon Council Of the City Of SAINT Cloud do
. 0rdain: mt ,.e3 - ...-
src11ox !. Taat the bonds OF said City of Saint
Cloud with tho coupons attached, be issued in tho
sum of Sixtyve thousand dollars to aid in the cor.
structon of railroad bridge across the Mississippi
river upon tho line Of the st. Paul Pacific Rail-
road leading from the east side of said river into the
city of st. Cloud; to bear interest at the rate of
seven per cont. per annum, payable semiannually
AMI each with said coupons to be signed by the
Mayor and countersigned by the City Clerk Of said
III isa ps b ps.Si to
u, - provided BY Section Two ofthis ordinance.
SEC: 2. The said bonds shalt be in tho sum of
eix Thousand Five Hundred dollars each; shall DO
payable as follows: Number one In twenty years
from date: Number two in twenty-one years from
date Number three IN twenty-five years from date
Number four in years from date; Mum
IN twenty five years from dato Number seven in
twsntysix years from date; Numter eight in twenty,
seven Year, from date; Number nine in twenty
eight years from date and Numberten in twenty-
nine years from date The interest coupons due tho
maturity Of bond shall be payable with the same.
sto IT, Tho ,aid bonds shall be registered in
with dates Of delivery, number, and when maturing,
and none Of said bonds shall be- delivered until the
said 81. Paul Pacific Railroad Company shall have
constructed and completed its bridgeacross tho Mis-.
sisissipp river ct what is known theaWison Cros
ng,' In said city shall have erected its depot upoff
the grounds heretofore selected by said city through
its committee adjoining andly lying upon Breckenridgs
avenue therein. and shall have extended it, line q
road said bridge to said depot and from Themes
to and across Sank river not north Of the south half
Of section four in township 49, north Of range %
west, that may run thereon. If prior to de-
livery aforesaid of all Of said bonds interest
shall have accrued thereon, coupons to the amount o
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 tho Act
Aforesaid at which election this ordinance shall BIZ
submitted for approvalin accordance with tho pro-
1872. - <c
SEC. s. This ordinance shall DO published as by
said Act provided prior to tho aforesaid special cleo
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, G. Smith, Schulten and Mr.. President.
:. Is =. 49,. $500 L. CLARK. :;
President of Council.
Approved February 7th, 1872.
Attest, CHS, D. KERR,
City Clerk. feb2s.2w ''''