The St. Cloud journal., 1872-02-08
Co1F1o1AI.]
0bDINANCE no. II.

tors Of the Northera Pacific Railroad Com
pauy, held in the city Of New York on the
18th day Of December, A. D. 1871, . reso-
luton was adopted that in consideration,
among other things, Of tho right ct uay
through the City Of st. Cloud, twenty acres
Of land for depot grounds, conveniently
! ,eAtsd, and good and sufficient guarantee
tor tho issue and delivery TO the St. Paul &
Pacific Railroad Company Of Sixty-five
Thousand DollarS In tho bonds Of SAID oity
bearing interest at the rate Of not less than
seven per cent. per annuua, payable semi
annually. tho principal payable in not less
than twenty years the crossing by the
said st. Paul & Pacific Railroad of the
Mississippi river ct st. Cloud bs at the
Wilson crossing, so-cslled; copy OF
which resolution duly authenticat ed, was
ct meeting Of the Common Council Of
said city Of st. Cloud, duly held on the
26th dayof December, A. D. 1871, pre-
sental and by resolution declared to be
satisfactory to said city, and the same, all
and singular the provisos tarms and con-
ditions thereof accepted. And whereas,
by virtue Of an Act of the Legislature of
the State Of Minnesota, entitled "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, A. D. 1872, the said
city was authorized to Issue at any time
prior to the first day Of August, A. D. 1873,
the ponds Of said city, with coupons at.
Thousand dollars, to aid in the cenktruc-
ten Of ! Railroad Bridge across the Mis-
sissippi river upon the line Of said Rail-
road, leading from the east eide of said
river into the city Of St. Cloud; and the
further sum of Fifteen Thousand Dollars.
or 80 much thereof as may be necessary,
to be used tor the purpose Of purch asing
the right Of way and depot groa nds, for
said Railroad through and In said city Of
st. Cloud, and the Common Council Of se;d
city authorized to submit by ordinance the
QUESTION: separately. Of issuing said bonds
in the sum Of Sixty.fzs thousand Dollars
to aid in tho constraotion Of the Bridge
aforssa d, and, in tho further sum of FIJI
teen Thousand Dollars, OF ~ much thereof
as may be necessary to be assd for the pur-
pose Of purchasing the wight Of way and
depot grounds, Aforesaid. Now, therefore,
III. Common co.~e. Of lie CITY Of s.. Cloud
sEcr1on l. That the bonds Of the city
Of St. Cloud, with coupons attached, be
issued in the sum Of Fifteen Thousand
Dollars, or 20 much thereof rs may be
found TO be necessary therefor, to be used
for tho purpose of purchasing tho right OF
way and depot grounds aforesaid; to bear
interest at tho rate Of seven per cent. per
annum payable annually, and each with
SAID coupons to be signed by the Mayor
and eountersigned by the City Clerk Of
ssid city. The sald bends to be payable
to the bearer - provided hereinafter.
s1o. 2. The Said boAds shall be In the
sum Of One Hundred Dollars each, shall be
numbered from one to one hundred aad
fifty, inclusive, and shall 10 payable -
follows: Fifteen Hundred Dollars in t1ep-
~ years; Fifteen Hundred Dollars in
tWsnty-ons years; Fifteen Hundred DOL
lars in twenty-five years; Fifteen Hun
drsd Dollars in twsnty-thrss years; Fiji
teen Hundred Dollars in twenty years {;
Fifteen Huodred Dollars il twenty-five
years; Fifteen Hundred Dollars in twenty
six yosrs; Fifteen Hundred Dollars in
txsaty-sevsn years; Fifteen Hundred
Dollars in twenty eight years, and Fifteen
Hundred Dollars in twenty-n,ne years after
data Of each. The interest coupon due on
tho maturity Of each bond shall bs psya.
BILE with the SAme. =.
sEo. 8. The said bonds shall bs regis.
tsrsd In q book kept for that. purpose. bY
| The Clsrk: of said: city, with tho number
thereof when mAauring, to whom and
when delivered; said bonds shall be
delivered - may b necessary ia
| securing said right Of way and depot
eroupds. under difectien of the Commsir,
| Council. If prior 70 delivery ~ Aforesaid, Of
any or al Of said bonds, interest shall have
accrued thereon, coupons to the amount
of such accrued interest shall DO detached
and destroysd, thefers soeh delivery. "
S.o. 4. That the Common Council Of
esaia city shall order . special election, as
nroyided by the act Aforesaid, ct which
elaction this ordinance shall bs submitted
for approval, in accordance with the pro-
xiaisn' Of: said aet, approved Feb..sd. "A. D.
ls72. - ,~4
SIC. &. This Ordnance shall be pub
liihsd % by said set provided, prior to the
aforeaaid cpecial election, and shall take
eject and bs in force from and after its
approval by 4 majority Of the voters Of
aid CITY. qualified % provided in said act,
and its publication thereafter as provided
Ave,-Ald. Burbank. Carter, Dorr, Lamb,
| Powell, T Smith, J. g. Smith, schulten
and Mr.. Prssident.
Nays-Nons.
| L. CLARK, .e,,.,'.
| - President of Council.
Approved Feb. 7th, 1872:
Aue.t:-N. r. BA.sss, /. :.
City Clerk. feb1o-2w