The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1897-05-02


the property and finances Of the city and
shall have the power to appropriate money
Tor city purposes only except as hereinafter
provided; to provide for the payment Of its
debts and expenses; to borrow money on its
credit for city purposes and to issue bonds
therefor; to issue bonds in the place Of and
to supply means for paying maturing bonds,
and to consolidate or fund the same; provi-
ded. that the total indebtedness Of such city,
except as hereinafter provided, shall not
thereby be made to exceed five % per cent
OF the total value of the taxable property of
such city, according to the last preceding as
sessmsnt for the purposes OF taxation, except
IN cities where such limit has already been
reached, or expenditures have already been
authorized by vote of the people Of said city,
which Will cause the said limit to be reached:
provided, however, that the certificates Of in
debtedness issued for the creation and main
tenance OF a permanent improvement revolv-
ing Iund shall not be considered as a por-
ton OF the Indebtedness of the city for the
purposes OF this section. Provided further,
however, that In case of any such city now
organized. or territory hereinafter to be or
ganized, the total Indebtedness Of which at
the time OF tho passage of this act exceeds
nve 10 per cent Of the total value
OF the taxable property of said city, accord
ing to the last preceding section for the pur-
poses OF taxation, the city council Of such
city Incorporating under the provisions of
TINS act may issue bonds sufficient to pay the
floating Indebtedness then existing Of any
such city, the proceeds Of which bonds shall
pc used solely for the purpose Of paying such
Indebtedness; and thereafter the city council
OF any such city shall not be authorized to
issue any bonds except as hereinafter provi-
bonds of said citv nnti, the Total indehtad.
ness of said citv excant 90 e bereinafte Nc
vided shall he reduced rs an amount gaS.
than i've % percent Of the total
value OF the taxable property Of such city,
for tha n ~ ,me ,Ss. pisoeus
the city council of such city may issue bonds
~ ;+hi, .t WIN lne pIovlsions mercer anu
mHnan .ne limits nefen nrst prescribed FRO
t tio lurtner. tnat any city having popua-
o,on oI Tess IMAM S'oOo an Indebtedness not to
enIeeu Ten tlo per cent OF the total
vaIue OF the taxable property OF such city
Il; n,as De incurred py the issuing OF bonds
IN the same manner as above pro-
vloed for the mourning Of indebted
ness not to exceed five ~ per cent.
froVioed further, that where any city has,
priol 70 us becoming incorporated under the
PROVISIONS or this act, and for the purpose of
constructing, regulating. maintaining or ex-
tendlng or improving suitable water and light
p,anss or r. either OF such plants or for the
purpose Oh purchasing, MAINTAINING, extend
ing ana improving any water and light plants,
aireauy IN existence In such city: or for the
purpose Oh acquiring or paying Tor any real
e e:a OF. otner property needed In connec-
e o.oh with sue. such water or light plants, or
eitn .. o, them, Tor the protection OF the
purity OF the water supply, or otherwise, Is
sueo or authorized to be issued bonds, so
me other lndeDtedness OF said city shall cause
me entlre Indebtedness thereof to exceed five
~ per cent OF the total value OF
tn the last nracen ~ sau ~ acuuroins
of taxation then said bonds shall not to1 hs
deemed to be part of the total indebtedness
OF said city, which said city is hereinbefore
forbldden to make to exceed five per cent
1e, u the loeal Vaiue o. sala taxaDie
sucb addtsona1 honds e Saiu c'y nay issue t
extend. enlarge or imnrove sncb water and
light plants or either of such plants and
such additional bonds so issued for such
purposes shall aso not be deemed to be
q part OF the total Indebtedness OF said city,
mah s" -. ely - nei etnpeioie iorD.oaeA 70
Of The total ,a1Uo 80 saiS t U per eene
Such bonds shall be authorized. issued
negotiated and sold in the same manner as
other city bonds, and shall be a first lien upon
an water and light plants and structures of
eve th nnu, II issued lor Dotn; or II Tor only
thereof and ali nronerv acnI1ir amu Is
connection herewith erected owned or mr. ~
chased by said city; and the proceeds of SAID
bonds shall not be expended for any other
purpose p than that for which they are issued.
M OIL any city IN tnls state snail
one bmndred ~ .le eesod oon1 OF
over. until the nronosit;on n issna cot. ia
bonds has been approved by majority of The
legal voters of that city voting at general
or special election.
IN force from and after its passage
approved April %, 1897.
+ Il ne publication of the above will give
many of the voters of the CITY an OBJ
pCrtunity to aculIaint Themselves with
tFe provisions of Tho two a cts ava -, q
n, . ,33,,a,, ~ ,,,l,i1i, - -. ~ -
- Iiial lei ies!sla-
ION may Ne Drought ABOUT. AS 1t IS
now very Few people who have not
watched the progress of legislation dur
ing the last winter, know anything as
to the situation. Even the members
of the civ co11ncil ara in tho da,.1- ~,
cent il, oanoral ~ ~, os.l ~
go 49,, a, ay 60 ~ ene mater
Gnu Will dsheu "pout II yesterday,
were not In position to say how they
would treat the matter. The fact that
the commission may be appointed by
the Judges on the presentation of q
ne.tition of g nor cont of +ba Iaoo1
votore of +be 81, 49, .l ~ q.
eo,e,.;, u .nI 10y slSes tne electors
iaNoIihS cHanse' an opportunity OF
having commission appointed should
the council refuse to do so, which is
not regarded as probable
Several gentlemen interested i, civic
matters aithouoh not direotI,, on,,,aat
"a u,;th ~ ,,, So 49, ~ ~.
eu WIN theil, were seen by reporter
OF the " 1 o e ana asked their opinion
or the need for a revision of the char
ter at this time Here is what they
say about it,
William IT. Iiehtner-I have not saen III,
new Sheehan law hut 7 believe +1era arc somo
good reasons WIN orr nresant citv ch sr.,1
Should he changed in certain resnso,s e. -
trme orr nresenf cbarter onar.tes rra.tv - ro, ~
in the rednct;on of taxes nrovid Hr'' os VIZ -
does a limit of expenditures hnt thera is M
doubt sbara vii, he IN tbe no.. fnt,ra - ~
of amendment. nresnme r. will he no.. .IIa
to adnnt with changes found naoassarU the
charter VIC now have hit q nontin1ono,, y,hfot
shanld he nvsrded sesnst is th Mntn
that new Charter meht onen tba doop 10y
;noroasad axnansa 70 ~ .a ope nc uooi ioi
&C. eve, 'H for st,,du ~ anu am i:
10 eNIn III q ssuuy y. iIs pio'ie,o.s, ~ WIN