Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-03-02

AN ACT to authorize the Common Council
of the City of st. Par,,, e.nd the Board of
County Commissioners of Ramsey
County, to issue bonds for the erection
| of public buildings for the use of the
City of st. Peul, and the County of
= Ramsey, and to amend Section Two. and
to repeal Sections Seven ca and Eight
(8) of an act entitled "An act in rela-
ton to the erection of public buildings
for the use of the City of st. Paul, and
the County of Ramsey, upon block
twenty (20) of Saint Paul proper, known
as the Court House Square, in the City
of st. Paul." approved March Eighth
(S), one thousand eight hundred and
| eighty-one, 18S1).
Be it enacted by the Legislature of the
State of Minnesota:
Secion For the purpose of the erection
of public buildings for the use of the City
of st. Paul, and the County of Ramsey, the
Common Council of the City of Saint Paul
is hereby authorized and en-
powered to issued the bonds
of said city to the amount
of one hundred and fifty thousand $780,
| 000) dollars, and the board of county COM
missioners of the county Of Ramsey afore-
sand are hereby authorized and empowered
to issue the bonds of said county to the
amount of one hundred and fifty thousand
| ($150O00) dollars.
Said bonds shall bear interest at rate
not to exceed five (5) per cent. per annum
payable semi-annually in the city OF New
York, aud the principal thereof shall be
payable in thirty (30) years from their
date at the financial agency of the city of
Saint Paul and of the county of Ramsey in
the city of New York. Said bonds shall be
issued in denominations of one thousand
| ($1,000) dollars with sixty (6O) interest
coupons attached, and none of such bonds
shall be negotiated or sold for less than
par. Also the said bonds shall be issued
| by the said city and county only as they
are required from time to time for the pur-
pose intended, to be determined upon by
the said special commissioners who shall
report to the Common Council and board
of County Commissioners the amount
required to be issued. Said
bonds when issued shall be
delivered to the Mayor of the city of Saint
Paul, who shall receipt to the City Clerk
for those issued by the city, and to the
| County Auditor for those issued by the
county; after which the said bonds shall be
negotiated by the Commissioners of the
interest and sinking fund of the city of
Saint Paul, and the proceeds thereof shall
be placed in the hands of the City Treasur-
or, taking from him duplicate receipts
therefor, one ~ of which shall be filed
in the Office of the County Auditor, and
one in the Office of the City Comptroller.
| All moneys belonging to the ''court
house and city hall building fund.-"
shall be deposited by the said Treasurer,
in the bank or banks that will pay the
highest rate of interest upon daily balan-
ces, and the said bank or banks shall be
required to give such bonds for the safe
keeping of said moneys as the County
| Commissioners and Common Council in
| joint session may determine.
All interest collected upon said deposits
shall be placed to the credit of said build
ing fund and the one-half % of balance
remaining in the treasury to the credit of
the said building fund after the final COM
pletiOn of the building and the adjourn
ment of the special commission shall be
paid by the City of Saint Paul to the
| County of Ramsey.
| The said Board of County Commits
sioners shall annually levy a sufficient tax
upon the taxable property in said county
for the purpose of paying the interest
! and providing for a sinking fund to pay
the principal of said bonds issued by said
county, andsthe said Common Council of
said city shall levy annually sufficient
tax upon the taxable property In said city
to pay the interest and provide sinking
fund to pay the principal of said bonds is
sued by said city.
Sec. .. That section two (2) of said act
in relation to the erection of public build
| ings for the use of the City of Saint Paul
and the County of Ramsey upon block
twenty (20) of Saint Paul proper, known as
the Court House square in
said city, approved March eighth
| (S) one thousand eight hundred
and eighty one 1S81), is hereby amended
| by striking therefrom the words with
equal right" and inserting in lieu thereof
the words land upon all questions before
the commissioners shall be entitled to the
same vote and voice as one of the special
commissioners"
Sec. 3. That sections seven ca and eight
| (8) of said act as aforesaid be and the
same are hereby repealed.
| Sec. I. That the special commissioners
authorized, appointed and qualified under
the act as aforesaid are hereby prohibited
| from contracting for or erecting a public
building at any greater cost than the
amount of bonds authorized by this act.
Sec. 5. This act shall take effect and be
in force from and after its passage.
Approved February Goth, A. D. 1888.
STATE OF MINNESOTA,
DEPARTMENT OF STATE,
1 hereby certify that 1 have carefully
compared the foregoing with the original
on file in this department., and that it is
true and correct copy thereof, and of the
whole of the same.
~ Witness my hand and the
GREAT Great Seal of the State this
SEAL. 9th day of February, A. D.
1888.
FRED Won BAUMBACH.
Secretary of State.
AN ACT to amand section eleven III s:nf