New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1895-05-22

5papers and other evidence At INV Of ia
meetings or before such committee, and
Tor that purpose may issue subpoenas or
attachments in any case Of inquiry or IN.
yestieation. to be signed by its president
or The chairman of such committee, as the
case NAV pc. which shall be served and
e4ecuCed DV any officer or person authorized
process 's 800. e-e1
rE Ess . 4. Ia Ia =, nI,ugM IN Is; FOR RE-
refuse to testify to the facts within MS
KnoW.edge. or to produce any books or
pap th in his possession under his con
- teot Az me city council shall have the power
70 me or commit him for contempt
Sec; 125. WITNESS NOT no BE Ex-
tG ,.,i:flD. NO witness shall be excused from
,aa touching his knowledge Of the
proceeding or inquiry before the CITY conn.
ci n. or any committee thereof or before any
queer OF the city having power to con
sb ueT the the investigation IN but such testimony
SIS ~ CITY GopNe I'll PTfoe'uU5GS NrRoL
lE FL = Al ON BOND ISSUE.
anu finances of the city, and shall have the
power to appropriate money for CITY pIIi-
10 no only. except as hereinafter provided
e az proviae TOT the payment of it's debts and
~ CIV PURPOSES. and to issue bonds there
t tp' as herein provided; to issue bonds in
Ing p mafnr ip Of 6on to supply means for
fy,,,. II
lung in1 the same; provided, that the total
ii =, of SUCH city, except as here
t - aero provided shall not thereby be made
value of the taxable property of such city
according to the last preceding assessment
1 PIP purposes Taxation, except in cities
or expenditures have already been author
lzed by vote of the people Of caid CITY,
winch will cause the said limit to be
f fnacnea provided however. that the GER
linca!es or indebtedness issued for the
creation and maintenance Of the permanent
improvement revolving fund shall not be
c ~ $50 as portion Of the Indebtedness
q the city for the purposes of this section.
Provided further. however. that in case Of
any such city now organized or territory
hereafter to be organized, the total in
IS q b; which at the time Of the
cent of the total value Of the taxable prop
cry or said city, according to the last
preceding assessment for purposes of taxa
visions OF this act. the city council of such
CITY may issue bonds sufficient to pay all
the the, noat.ng Indebtedness then existing OF
s ness CITY, of su ana any certificates Of
proceeds Of which bonds shall be used
soielv for the purpose of paying such in
dehtedness: and thereafter the city council
OF such city shall not be authorized to issue
and except for the purpose OF paying ma.
turing bonds Of said city. until the total
d sba f Be- recea To-
amount less than five (5) per cent Of the
total value. OF the taxable property of such
o s TO Shs last d
thereafter the city council of such city
may Issue bonds: in accordance with. the
PROVISIONS provis hereof and within the limits
herein first prescribed.
Provided. further, that any city having
population OF less than 5000, an indebt
edness Of not to exceed ten per cent OF the
nF {t,n h1A w.,
CITY NAV be incurred by the issuing OF
bonds in the same manner as above pro
vided for the incurring Of Indebtedness moi
to exceed five % per cent.
Provided. further, that any ordinance OF
resolution authorizing the issuance Of bonds
tnaf would Increase the bonded indebted
ness to an amount exceeding five %, pei
cent OF the total value Of the taxable prop
erty Of the city, shall be submitted FOL
ratification to the electors OF the city a
the next regular city election, Or at a spe
form OF ballot to De used at which shall
pc prescribed by the city council. # two
thirds of all the electors voting upon sucl
question shall vote in favor Of the Issuance
or such bonds, then said ordinance or resO
iufion shall take effect and be in force
otherwise the same shall become null ant
voId
Provided further, that where any cit,
has. prior to it's becoming subject to til,
provisions OF this act, for the purpose o
constructing. erecting, maintaining, extend
ing or improving suitable water and ligh
plants. or either Of such plants, or for tn
purpose Of purchasing, maintaiaing, extend
Ing and improving any wGter :Gad ligh
plant, or either OF such plants, already il
OF acquiring and paying for any real estat
or other property needed in connection wit
such water and light plants, or either o
them. for the protection of the purity o
the water supply. or otherwise, issued 0
authorized to be issued bonds, so that, tn
amount Of said bonds when added to tn
other Indebtedness of said city shall caus
five per cent Of the total value Of the tax
able property of said city, according to tn
| last preceding assessment for purposes 0
taxation. then said bonds shall not b
deemed to be a part. Of the total indebted
ness of said city which said city is herein
before forbidden to make to exceed five pc
cent csnt,os OF the total value OF such taxabl
| issue such, additional bonds as may b
| necessary to extend, enlarge or improv
such water and light plant, or either o
such nlants. and such additional bonds S
deemed to be a part of the total indebted
ness of said city which said city is herein
before forbidden to make to exceed sa.
able property. Such bonds shall be author
lied, issued, negotiated and sold in til
same manner as other city bonds, and shal
ed all water at and h
II issued for both, or if for only one, the
upon the appliances and structures thereof
and all property acquired or used in cor
chased by said city; and the proceeds Q
4 said bonds shall not be expended for an
other purpose than that for which the
| are issued.
Provided further, that the city counc
BY majority vote thereof may issue sue
bonds IN place of, or to supply means fol
paying maturing bonds which have bee
issued for either Of said purposes, or t
| CONSOLIDATE n
nlant or plants acquired by the city b
purchase have outstanding bonds which b
their terms We're not Que at the time 9
| such purchase. and the city has assume
said bonds or has purchased said plant Q
plants subject thereto, the city counc
may may at a. any time exchange the bonds 9
! salJ city for such outstanding bonds c
said plant or plants or any part thereof
the bonds SO exchanged not to bear an
| greater rate OF interest or to be create
i, amount than the rate of interest or tn
| amount Of the par value Of such outstanC
| ing bonds for which. they are exchanged
ard said bonds SO issued for the purpose
aforesaid or either Of them shall not b
deemed to be a part Of the total indebted
ness Of said city which said city is hereil
| before forbidden to make to exceed tiv
ner cent Of the total value OF the taxabl
propertv in such city, according to the las
alton. Provided further, that the city cou,
Gil shall set aside annually such portion
| the gross income from the water and ligf
= WOihS lOT elLueF .Ol Tie CITY az CUey Sua
determine TO create a sinking fund for tt
payment of said water and light bonds, (
either, as they become due.
Sec. .127. POWER TO LEVY TAKE
AND MAKE ASSESSMENTS. 1t shall hav
/ power to fix the rate Of, subject to tt
restrictions in this act contained, and lev
and collect general and special taxes fl
municipal purposes on real and person.
property within the city, and to levy a
sessments for local improvements, and
prescribe the procedure in making loo
so far as the sameeis not fixed and pr
scribed bv the terms Of this act.
Sec. 1913. CONDEMNATION. It sha
have mower to acquire by condemnatio
dedication or otherwise, lands for and
lay out open. widen and extend street
alleys. avenues. bridge approaches. parl