Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-03-13

Thousand (S5O,OOU) dollars, payable to the
State of Minnesota, conditioned that such
Treasurer shall faithfully execute the du-
ties of his Office as such Treasurer of said
Board of Education, and for the safe keep
ing and paying over, according to law, of
all moneys which come into his hands be-
longing to said Board of Education, or
under the provisions of this act, which
bond shall be filed in the Office of the Sec
rotary of said Board. and shall be properly
kept by him. The expenses of the
schools and the time of their continuance,
shall be limited to the amount of the APP
preparations made therefor, and no de-
ficiency shall be created to be made up b.
the following years taxation, and 40
change in the school books shall be made
except by a vote OF three-fOurths ~ oil
all the members of said Board elect.
Provided, always, that nothing herein con-
tanned shall be so constructed as to pro-
hibit the Board from borrowing money to
meet the current expenses of the year, but
all moneys so borrowed, if any, must be
repaid out OF the appropriations made for
such year, as the same shall from time 10
time be collected, and shall not exceed the
amount Of said appropriation.
Sec. II. And the interest and principal
of all school bonds, notes, obligations,
debts, iquidated accounts, or demands
now due Or owing and growing ont of the
school system of the City of st. Paul shall
be payable and paid by and through the
Treasury of the Board of Education of the
City of Saint Paul, after the same shall
have been duly examined and audited by
the said Board of Education of the City of
Saint Paul, and the faith and credit of the
City of Saint Paul is hereby irrevocably
pledged for the payment of the principal
and interest of such notes, bonds and Oh
legations aforesaid. No part of the real
or personal property, held for school puC
poses, shall be subject to execution or sale
for any debt or liability against the said
School Board or school corporation, or
for any liability due by the City OF Saint
Paul, but the same exemption
from execution and sale, as
is now provided by the charter OF
the City of Saint Paul shall apply TO al
the school property, real, personal and
mixed, and all liens heretofore created,
either express or implied, on any of the
| school property, on account of school
| bonds now issued. shall remain inviolate.
and shall be kept, held and enforced.
Sec. Is. All claims against the Board OF
Education of the City of Saint Paul must
| be sworn to by the claimants, and no claim
| shall be allowed unless authorized by a
! two-thirds ca vote of all the members
elect, after which all such claims shall be
transmitted to the City Comptroller of the
| City of Saint Paul for auditing and the
said City Comptroller, after having found
the same TO be correct and audited by him
in book entitled Audited Claims" shall
transmit all such claims to the Secretary
of the said Board, who shall draw a war
rant upon the Treasurer of said Board fol
each claim IN favor of the party or parties
entitled to receive such, and the said war
rant shall be signed by the President and
Secretary of the said Board of Education
and countersigned by the Comptroller o.
the City of Saint Paul, after which the sale
Secretary shall deliver the said warrant IL
the party or parties entitled to receive
such, taking a receipt therefore upon the
stub of the book from which
suce warrant was taken. Provided
that orders may be drawn TO
the payment of all claims for the salarie:
OF the officers, teachers and janitors of saiG
Board, when the same shall have been Ger
titled to by the President and Secretary
and Superintendent of Schools and audit
ed by the City Comptroller.
Sec. 10. No warrant on the Treasure
shall be drawn or issued until there shall
be funds sufficient to pay the same, to
gether with the warrants that may be the1
outstanding, and the City Comptroller il
prohibited from countersigning any suci
warrant until there shall be sufficient fund;
in the treasury to meet such warrants
| oI l. lcl
That this prohibition shall not apply Il
any warrant to pay for fuel, printing ant
stationery, and the salaries of teachers anC
all other employees of the Board of Educa
ton. The Board of Education is prohib
tied from borrowing any money for an.
purpose whatever, other than for the pur
pose of paying the interest on the bonded
debt, and to pay for fuel, printing ant
stationery, and the redemption of any not
or certificate of indebtedness that may b.
outstanding at the present time, togethe
withthe salaries of teachers and all other EN-
ployes of the said Board; but in no instanc
shall the said Board be allowed to borrow
money for any of the said purposes unless
the funds in the treasury are 5,
depleted as to warrant the same, fur
thermore the said Board shall not have thu
power and is hereby prohibited from di
verting for any purpose whatever, any
money that may be paid into the treasur.
from the collection of taxes, state schoo
apportionment. or from all other source
of revenue, other than for the purpose O
paying the legitimate expenditures as re
quired by the annual tax levy estimate, t.
pay interest on the bonded debt, salary o
teachers, fuel, printing and stationery, gen
eral expenses, and bonds maturing 70
which taxes are annually levied.
Sec. 20. The funds for which a tax lew
must be made shall be as follows: Inter
est aud sinking fund, building fund, saIar,
fund and general fund.
Sec. 81. No certificate of Indebtedness
or note for money borrowed shall be ISSUED
unless authorized by two-thirds (25) vot,
of all the members elect of the Board O
Education, and shall not draw create
rate of interest than eight (8) per cent. pc
annum, payable semi-annually. All GER
tifcates or notes shall bear the official sea
of the Board of Education and shall b,
signed by the President, Sec.
rotary and Treasurer of sai(
Board and countersigned by tn,
City Comptroller of the city of Saint Paul
after which the said City Comptroller shall
deliver the said certificate of indebtedness