New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1899-04-26

49, AO0llsAo VA 0uY SUCH CITY Sk5SuS5&A
for the funding Of TT floating Indebted
ness under tEis chapter. shall be Issued
In the following manner. to-wit:The COM
vots & q es
men. authorize the issue Of coupon bonds
OF such city. to take up and fund the
ing not more than fifteen (15) years.
bearing. interest at not more than four
and one-half (51 per cent per annum.
principal and interest payable at such
common council. and to be Of such de-
nomination or denominations as may be
to be signed BY the mayor s and Sealed with
the seal Of the city, attested by the clerk
and countersigned by the comptroller,
fd St thaa
after notice published at least once In
each week for three 60 consecutive weeks
shall pay a Commission exceeding one
and half per cent as compensation for
the sale of such bonds. In estimating
e o
limitation of Indebtedness has been
reached. SUCH bonds shall not be consid-
cred.
Sec. 8. No such city shall be permitted
to issue bonds for funding any of its
floating Indebtedness except such as ex-
lists at the date Of the passage and APP
city be entitled to avail itself Of the pro-
visions Of this act unless it shall proceed
to do so within six months from the
date Of the passage and approval of this
act.
Sec: I. Amy city which has already
reached the limit Of its bonded or other
the provisions Of this act shall thereafter
have no power to create any obligation
which shall bear interest, except such as
may be in renewal of an obligation now
existing.
No officer or officers Of any city, which
avails itself Of the provisions of this act
shall have power to draw any order on
evidence Of indebtedness other than a
bond. unless there shall be at the time
such order is drawn or evidence OF In
the treasury to the credit of the particu-
lar fund or account, out Of which the
same is payable, to pay the same. as well
audited and allowed against such fund.
Every evidence of indebtedness or order
issued by any such city, contrary to the
and not voidable in the hands Of every
body.
Sec. s. This act shall take effect and be
in force from and after its passage.
Approved March 10th, 1899.
CHAPTER SIS. B. NO. 50.
AN ACT to amend section 2eo4. title 1.
the State Of Minnesota, A. D. 1894. re-
lating to corporations.
Be it enacted by the Legislature Of the
Section 1. That section 2so4, of title 1.
of chapter "a, of the general statutes of
the State Of Minnesota, A. D.: 1894, be
and the same is hereby amended so as to
Section 264. Any corporation organized
or reorganized under the provisions of
this title may obtain the right of way
lands needed for the construction Of any
railroad, telegraph or telephone, pneumat-
ic tube lines, subway conduits for the pas
sage, operation and repair of electric and
sites and grounds for depots, shops and
other buildings requisite for the proper
carrying on Of the business to be trans
flow. by reason of any dam, lock, sluices,
or other erection necessary for the con-
venient prosecution of their enterprise,
all and any lands damaged thereby, and
land for g. tow path, the erection of nee
essary buildings for the purpose Of said
business, and the right of way in and
the BED and tge Ssmk bfy
gether with the right to overflow, injure
or destroy any existing dams. mills or
other property, and to canal in and along
the valley Of any such river. bay. stream,
lake or water course, and to purchase
and erect all necessary buildings for the
operation and prosecution OF any manu-
incidentally created by such improve
| ment, and any such telegraph or
telephone company organized under the
provisions of this title may acquire right
and upon the right of way and lands Of
any. railway company within this state.
upon making Just. compensation therefor
to such ~ fn railway IVY by b roc %
Of any such telegraph or telephone COM
pany shall be at all times subject to the
| right Of any such railway company to
| way purposes. and the said line of tele-
graph or telephone shall be so located,
| constructed and maintained at all times
nothing herein contained shall be con-
| strued to grant to any person, persons,
association or corporation any rights for
| within the corporate limits of any city
| or village in this state until such person,
persons, association or corporation shall
have obtained the right to maintain a
nor for period beyond that for which
the right to operate such telephone sys-
TEN is granted by such city or village.
Sec 2. This act shall not apply to or ef-
feet any proceeding now pending to con-
denim lands for right Of way for any tele-
graph or telephone company.
Sec g. This act shall take effect and be
in force from and after its passage.
Approved March 18th, 1899.
CHAPTER 52-H. F. NO. 49,
AN ACT to amend section one thousand
and forty-ive uo45l Of the general stat
utes Of eighteen hundred and ninety
four, Gss1; e, as = amended as by chapter
eighteen hundred and ntnety-seven
GSsO. relating to the organization Of
Be it enacted by the Legislature Of the
State of Minnesota:
Section 1. That section one thousand
utes Of eighteen hundred and ninety-four
QS94l, as amended by chapter sixty-on
16l, OF the general laws of eighteen hun
dred and ninety-seven QS9). be and the
same is hereby amended so as to read as
follows:
Section ono thousand and forty-five
(1045). That cities may be organized
within the limits Of this state as herein
| provided, whenever two-thirds (s-O Of tho
the territory comprising not less than
one thousand inhabitants and not more
than fifteen thousand, whether all or part
| of such territory had been heretofore or
ganized into a borough or village or not
| Incorporated as city, shall sign and
have presented to the Judge Of probate Of
! the county in which such territory Is
| situated a petition setting forth the metes
and bounds 81 said city. and Of the sew;
city may be Incorporated under such
| names as may therein be designated, the
judge of probate shall issue an order de-
claring such territory duly incorporated
the metes, bounds, wards and name there
Of, as in said petition described. And tho
said Judge Of probate shall In said or
der designate the time and place Of hold
J ing tho first election of officers for said
eey which shall AL. be not less than thirty
| the presenting Of said petition, and shall
cause said order to DO posted In five (6)