The St. Cloud journal. [volume] (St. Cloud, Minn.) 1866-1876, 1874-03-26
HOTEL BONUs BILL.

s.TF
AN ACT to authorize tho City Of st..
Cloud TO issue Ito bonds to The amount
Of Ten Thousand Dollars.
Be i enacted BY the Legislature Of the Stat. Of
Ainnesosa:
sEorox Tho Common Council Of tho
City Of St. Cloud, In The County Of stsarns,
In this State, Is authorized to issue the
bonds Of said City, a. hereinafter provided,
to IN amount not exceeding Ten Thous.
and dollars.
saor1ox 2.-said bonds shall be Issued
In sums Of not less than tifty dollars each,
and may bear interest at rate not to *
coed ten per osntum psr annum, and shall
be made payable in not lees than thrse,
nor more than ton years from their rsspss-
tive dates Of issue; they shall b sigasd BY
tho Mayor and eountsrsisasd BY the 0lssk
Of said City, and shall b made payable to
tho order Of the person or persons OF COR
poration to whom tho same ore issusd on
presentation to the Treasurer Of said city.
sEoT1oN s.-The electors Of said city, at
the next annual City election. OF at any
special meeting or election Of such electors,
notice whereof, stating the rate Of interest
and amount Of Bonds fixed, and the pur-
pose or purposes the Same are to be devo-
led or applied, or issued by the Common
Cou' ucil, shall have been given in tho usual
manner Of giving notices Of general elsc-
tions, shall vote upon the question of the
issue of said bonds as fixed by said Com
mon Council, and stated in such notices Of
election. Tho voters in favor Of issuin 6
such bonds or Of Masking the proposed
donation on issue shall vote by ballots,
written or printed OF partly written or
partly printed and having thereon the words
tissue of bonds, yes;" and the voters op-
posed to such proposition shall vote ballots
written or printed, or parity written or
partly printed, having thereon the words
Tissue Of bends, no." and tho vote shall
be taken, returned, oanvassed and counted
in the same manner - ct tho general cleo
~ - 49,, -;t- except that no poll lists
need DO posted before sucn spvs..> -,...;.,
OF meeting, and the poll list used At the
last general State election shall b used at
such special election OF submission, sub.
jeot however to correction In tho usual
manner on tho morning Of tho day Of slse-
ton.
sEcr1oN All tho majority ofsaid cleo.
tors voting At such general election or
special election or meeting, vote in favor
of the issue Of said bonds ~ proposed BY
said Common Council, said Common Coua-
oil may thereupon issue the same IN aoeor.
dance with such conditions, not inoonsist-
ent with tho provisions Of this act, ~ it
may adopt.
SECTION 5.-For the purpose Of paying
tho principal and interest Of said bonds 20
issued, it is made tho duty Of said Com
mon Council from year to year, % said
principal or interest becomes payable, to
levy upon the taxable property in said
City Of st. Cloud tax to meet and pay
the same In fall, and at maturity, which
tax SO levied shall be returned and COLLECT
ed in the same manner and by the same
officers as other taxes for said City are re-
turned and collected, and when 50 collected
shall be paid over to said City Treasurer
and be by him applied to the payment Of
said bonds, principal aud interest, and to
NO other purpose.
SEcT1oH 6.-This act shall take effect
and be in force from and after its passage.
Approved March 9th, A, D. 1874.
STATE OF M1NNEsorA.
OFFICE OF THE SRoRETARY OF STATE.
hereby certify hat tho foregoing has
been compared With the oririnal
STATE on file in this Office, and 10 s.ue
SEAL. copy thereof. Witness my haad
and the great seal Of the State this
18th day Of March, A. D. 1874.
8. p. JENNISON.
Secretary OF State.