The Appeal. [volume] (Saint Paul, Minn. ;) 1889-19??, 1899-04-29

Lito pvNo " ,,d9l00priaLe money Tor
city purposes only,, except as hereinafter
provided; 10 provide for the payment Of
ITS DEBTS and expenses; to borrow money
ON Its credit TOR city purposes, and to
ISSUE bonds therefor. as herein provided;
to issue bonds in the place Of, or supply
means Tor paying maturing bonds or to
consolidate or FUND the same; provided,
that the total Indebtedness Of such city,
thereby be made to exceed five (5) per
cent OF the total value OF the taxable
property Of such city according to the
last preceding assessment for 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 win cause
however, that the certificates of Indebted.
ness issued tor the creation and main
tenance OF the permanent Improvement
a portion OF the Indebtedness OF the city
Tor the purpose OF TINS section Provln-
60, FURTHER, however that in case of any
such city now organized or territory here.
after to he organized the total Indebted
ness OF which at the time Of the passage
OF this act exceeds five % per cent of the
total value of the taxable property of said
city, according to the last preceding as
such city shall accept the provisions OF
this act the city council of such city NAV
iaa ~ 6onds slt1lclent to pay all the float
lsI1ng OF such city, and any certificates
OF Indebtedness Of such city then out.
s sha1 pg, the proceeds of which bonds
paytngS such Indebtedness: and thereafter
the city council OF such city shall not be
authorlzed to issue any bonds except as
hereinafter 31f7raaE provided, and except for the
purpose OF paying maturing bonds of said
city, until the total indebtedness of said
city, except as hereinafter provided, shall
soe reduced to an amount less than five (5)
per cent Of the total value of the taxable
In fn $hn
last preceding assessment for the purpose
OF taxation; and thereafter the city coun-
Gil OF such city may issue bonds in &C
within the limits herein first described
Provided further. that any city hav-
ing a population of less than 5000, an
OF the total value of the taxable property
or such city may be incurred by the issu-
ing Of bonds in the same manner as above
provided for the mourning of indebtedness
not to exceed five (5) per cent.
Provided further, that any ordinance or
resolution authorizing the issuance of
debtedness to- an amount exceeding five
10 per cent of the total value of the tax
able property of the city, shall be submit
ted for ratification to- the electors Of the
at a special election called for that pur-
pose, the form of ballot to be used at
which shall he prescribed by the city
council. II two-thirds Of all the electors
favor Of TIE issuance of such bonds, then
SAD ordinance or resolution shall take
effect and be in Hforce; otherwise, the same
shall become null and void.
Provided further, that where any city
has, prior to it's becoming subject to the
PROVISIONS Of this act. for the purpose of
tending or improving suitable l water and
light plants, or either Of such plants, or
Tor the purpose of purchasing maintain
ing, ext extending and improving any water
ant nS+1 80 -. ~
already in existence in said city, or for
the purpose of acquiring and paying for
any real estate or other property needed
In connection with such water and light
ton OF the purity of the water supply, or
otherwise, issued or authorized to be is
sued bonds, SO that the amount Of said
ness Of said city shall cause the entire
Indebtedness thereof to exceed five % per
cent Of the total value of the taxable
last preceding assessment for purposes Of
taxation, then said bonds shall not be
deemed to be a part Of the total indebted
ness of said city, which said city is here
90 per cent of the total value of such
taxable property; and thereafter said city
may issue such additional bonds as may
prove such water and light plant, or eth
err OF such plants; and such additional
bonds so issued for such purpose shall
total Indebtedness of said city, which said
city is hereirbefOre forbidden to make to
exceed said five per cent of the total val
ue OF such taxable property. Such bonds
shall be authorized, issued, negotiated and
sold In the same manner as other city
bonds, and shall he a first lien upon all
water and light appliances and structures
only one, then FOR the appliances and
structures thereof, and all property ac-
q1iired Or used in connection therewith
sd 5 Sr ef ga Sdn Sy a ha c5y g
be expended for any other purpose than
that for which they are issued.
Provided further, that the city council
bonds in place of, or to supply means for.
paying maturing bonds which have been
issued for either Of said purposes, or to
plant or plants acquired by the city by
purchase have outstanding bonds which
by their terms were not due at the time
of such purchase and the city has as
stunned said bonds or has purchased said
plant or plants subject thereto, the city
council may at any time exchange the
bonds of said city for such outstanding
bonds of SAID d, plant or plants or any ~
to bear amy greater rate OF interest or
to be greater In amount than the rate. Of
interest or the amount Of the Par valve a ut,
are exchanged. and said bonds SO issued
for the purposes aforesaid or either OF
them shall not be deemed to be a. part
which said city is hereinbefore forbidden
total Value Of the taxable property in
h ng ASSESSMENT s for PURPOSES r s of Taxation
Provided, further, that the city council
shall set aside annually such portion Of
th Tint n d 5ro Of the city, MStss aaS
shall determine, to create a sinking fund
for the payment of said water and light
or Sthe act a s5t the {Pe d aad
in force from and after it's passage
Approved April GOTH 1899.
CHAPTER s2o-s. F. NO. 245.
AN ACT to legalize Acknowledgements OF
conveyances and other instruments, and
Be it enacted by the Legislature Of the
Section /. That all Acknowledgements to
any conveyances or other instruments
heretofore taken by any person previous
as a notary public or other ofhcer au-
thorized to take such Acknowledgements,
be-, and the same are hereby, ,legalized
though the term Of office of such officer
had not expired at the time of taking
such acknowledgements" and the record
- or he other
that the Provisions 81 Of this act Shall not
Apply 10 any aCtlOn or proceeding no"
pending in any court of this state
Sec. 2. This act shall take effect and
be in force from and after it's passage.
Approved April Goth. 1899.
CHAPTER 321-S. F. NO. 81.
AN ACT to amend section six (6 of
chapter thirty-five $3.50 of the General
Statutes of eighteen hundred and sew
enty-eight QS78, being section 1860 Of
the General Statutes 1894. as amended
by chapter thirty three (SS) Of the Cen
eral Laws of Minnesota for 1895, as
amended by chapter ndnety-three (93)
Of the General Laws Of Minnesota for
1897, relating to courts of justices of
the peace. - f.. p"
Be it enacted by the Legislature Of the
10 To nf Mi,anon 10. =