The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1900-01-07

which allowed the work on the new cap
itol to go ahead, and the act giving the
county commissioners power to issue
bonds was not necessary.
Under the law then passed, however,
the board of county commissioners has
the power, by majority vote, to issue
bonds for the erection, repair and main
tenance of public buildings in this coun-
ty, and from the drift Of things it is
undoubtedly the intention of those in
terested in the building Of a new Jail, at
the proper time, to spring this law on
the county commissioners and insist that
a new jail be erected. The law, as
recollect 1t, gives the commissioners the
right to issue bonds to the amount of
is of 1 per cent of the assessed valua-
ton, the bonds to run for twenty years,
at per cent interest. You can readily
see that there would be plenty Of finan-
ciers in st. Paul who would gladly take
the entire issue of bonds should the
county commissioners decide to order
them, and from the movements of those
interested it looks very much as If this
was the scheme. I suppose the same
old arguments will be used as when the
effort was made some years ago to sell
the property at the northeast corner of
Fifth and Cedar streets to the county and
have new Jail building erected at that
point There is no particular demand
by the public, or the taxpayers, at this
particular time to invest 100000 in jail
building, and If the matter is brought
to the attention of the public there may
be such an expression against the scheme
that 1t will be killed.
The law to which reference has been
made was passed by the legislature In
1895 and is as follows:
~,1y r,rJSp ooc
An act to provide additional means for
the erection, repair and maintenance OF
public buildings in Ramsey county. BE
it enacted by the legislature of the state
of Minnesota:
sioners of Ramsey county. Minnesota. is
hereby authorized and empowered. by n
majority vote thereof. to issue and ne
gotiate the bonds of said county for such
sum or sums as may be from time to time
considered necessary or expedient by said
board, not to exceed in the aggregate
more than one-ifth Q-5) of one % per
the taxable property in said county. ac-
cording to the last assessment thereof:
for the purpose of providing additional
tenance of any public building or build
ings located In said county. And said
bond and the proceeds thereof may be
used and expended for any of said pur-
poses in the manner and at the times 0e-
termined by said board.
Sec. g. The said bonds shall be issued
in denominations of one thousand C$1.D00)
dollars each, with interest coupons, and
may bear interest at any rate not ex-
ceeding five 90 per cent per annum. pay
able semi-annually. and the principal
shall be payable at such time or times.
not exceeding twenty COO years after the
date of said bonds, as said county COM
missioners may by resolution determine.
The said board of county commissioners
is hereby authorized and empowered, and
it is hereby made its duty. to levy tax
property of said county sufficient to meet
the interest coupons and principal of said
bonds as they shall become due. and I'M
til payment of said interest and prin-
cipal is fully provided for.
Sec. g. This act shall take effect and
be in force from and after it's passage.
Approved April 16 1895.