The St. Cloud journal. [volume] (St. Cloud, Minn.) 1866-1876, 1872-02-29
loFF1CIALJ
ORDINANCE NO. II.

WHEREAS. At q meeting Of the Directors of tho
Northern Pacific Railroad Company. held in the city
of New York on the 18th day Of December AID. 1871,
among other things, Of the right of way through
city Of st. Cloud, twenty acres Of land for depot
grounds, conveniently located and good and suda-
Paul Pacific Railroad Company Of sixty-ive Thous.
and Dollars In the bonds Of said city bearing inter-
est at the rate Of not less than per cent
annum, payable semiannually, tho principal payable
said st. Paul Pacific Railroad of the Mississippi
river at st. Cloud be at the ''Wilson Crossing So
called; copy Of which resolution duly authentica.
ted, was Ut meeting of the Common Council Of said
city Of IT. Cloud, duly held On tho 25th day Of De-
cember A. D. 1871, presented and by resolution de-
clared to be satisfactory to said city, aud the
tions thereof accepted And Whereas BY virtue Of an
Act Of the Legislature Of tho State Of Minnesota en-.
titled AN Act to authorize the City Of st. Cloud to
issue bonds to aid in the construction Of the st. Paul
Pacific Railroad through said city, approved; Feb
Sd D. 1872, the said city authorised To- issue
at any time prior to the first day Of August D.
1873, the bonds of said city, with coupons attached,
lars, to aid in the construction Of : Railroad;
tho line Of said Railroad, leading rem
Cloud and the further sum Of Fifteen Thousand
Dollars, or 10 much thereof may be necessary, to
be used for the purpose Of purchasing the right Of
Wy and depos grounds; fer .aia Railroad through
Gil Of said city authorized to submit by ordinance
the questions separately of issuing said bonds in the
sum Of Sixtyfve Thousand Dollars to aid In the con-
struction of the bridge and in the further
sum of Fifteen Thousand Dollars or 80 much thereof
as may be necessary to be used for the purpose of
purchasing the right of way and depot grounds afore
said Now, therefore, .r
Tie Common Council Of the Otty Of st. Cloud do or
datn;
SECTION / That the bonds of the CITY of St. Cloud
with COnnona attach Cd ha ieauad in fha IF
teen thousand Dollars, much thereof rs may be
found to be necessary therefor, to be used for tie
purpose of purchasing the right of way and depot
seven per cent. per annum payable annually, and
each with said coupons to be signed by the Mayor
and countenigned by the City Clerk Of said CITY, The
aid bonds to be payable to the bearer as provided
SEC. T. The said bonds shall be In the sum of One
Hundred Dollars each, shall b. numbered from one
payable a. follows: Fifteen Hundred Dollar, in
twenty years Fifteen Hundred Dollars In twenty-one
years Fifteen Hundred dollars in twenty two years
Fifteen Hundred dollars in twerty.three years FIJI.
Hundred dollars in twenty five years; Fifteen Hun.
dred Dollars in twenty.six years Fifteen Hundred
dollars in twenty,seven years Fifteen Hundred Doll
aEs years after date Of EACH Tho inter
est coupon due on the maturity Of each bond shall
be payable with tho same.
SEC 5. The said bonds shall b registered in book
y
the number thereof, when maturing 10 whom and
when delivered; said bonds shall b delivered az may
be necessary in securing said right Of way and
depot grounds, unde: direction oft6e common ooun.
ci II prior to delivery ~ aforesaid, Of any all Of
said bolds interest shall have accrued thereon
pons to tho amount of such accrued interest shall
be detached and destroyed, before such deliver. r.;
Sec. That the common counc II of said city shall
order special election provided by tho act afore
saiP ct which election this ordinance shall be sub
mited for approval in accordance with the provis'
ion of said sct, approved Feb. Sd "A. D. 1872. H.
$50. s. This ordinance shall BE- publish,d q BY
sed get provided preg 70 the aforesaid special cleo
after it, approval BY majority Of the voters Of said
city, qualified q provided in said act. and its publ
cation thereafter a. provided BY law.
ATEs-Ald. Burbank. Carter, Dorr, Lamb, Powell
I. Smith. J g. Smith, schplten and Mr.. President
NA-s-None. L.CLARK,
President Of Council
- City Clerk. Y
Approved Feb. 9Th, 1872. %s-ssss
fsb2o 3sz Mayor.