The labor world. [volume] (Duluth, Minn.) 1896-current, 1902-09-20
and dollars ($150, 000)." so that said sub
division as amended. shah read as fol-

division as amended. shan read as fol-
lows: g %: =
permanent Improvement revolving fund.
which . shall not be supported by taxa
permanent Improvement revolving
fund. moneys received from all special
assessments assessed and levied under
this charter for local improvements
under the provisions of aub-chapter two
charter: and also such amounts as may
be realized by the sale Of the one hun
dred fifty thousand dollars ($15O,000)
worth OF certificates or bonds authorlzed
herein, In connection with said
undthe treasurer shall keep a sep
levied: and Of eac CHI issue of bonds. the
proceeds Of which go into said fund.
Should there at any time be an ac-
emulation Of money in said fund
greater than the probable demand upon
said fund during the two~f23 years next
shall report such fact to the board of
sinking fund commissioners. who shall.
as soon as practicable, invest said ac-
emulation substantially in the same
manner that the moneys of said sinking
fund are to be invested: or the common
such accumulation or any part thereof
to the sinking fund of the city.
Moneys ID in the city. treasury OF the
City of Duluth at the time this charter
goes into effect, ca collected or to be
collected from any taxes levied before
far az practicable be divided among
the several funds thereby established,
and where such subdivision is not
practicable. shall be kept in the general
fund. The common council by. resolu-
ton shall provide for such subdivision
II, no
in contained. =.
Where. prior to the time that this
charter goes into effect, an assessment
has been levied to cover the cost Of a
local improvement, which Improvement
has not, at said time, been paid for. the
proceeds of such assessment shall be
paid into the permanent improvement
provement shall be paid out of said
fund
The aggregate amount levied by the
common council, III any one year, for
said funds numbered fourth (4th) to
sixteenth G6th) inclusive. shall not ex-
coed three hundred and twenty thous-
and dollars $500. 000) nor shall it exceed
eleven 1D mills of the assessed valua-
ton Of all taxable property in said
city: a levy in excess of either of these
limitations shall be void as to such
excess.
From the general fund the common
council may In every year and by a
resolution, appropriate a sum not to ex-
eeed two hundred dollars $4,000 for
contingent expenses incurred or to be
incurred by the mayor in the detection
of crime and prevention thereof. in the
thousand dollars $4,000 for the sup
port of any benevolent or charitable OBJ
ject in the City Of Duluth"
TWO.
Amend Subdivision Fifth Of Section
286. so as to provide for the issue Of
bonds. not exceeding one hundred fifty
for the purpose Of a revolving fund, in
stead Of one hundred thousand dollars
($100, 000) as now provided; and 50 that
said ub-D:vision Fifth shall read as
follows:
''Fifth-The City Of Duluth may by
ordinance borrow money and issue
debtedness. or other evidences OF in
debtedness to pay, fund or refund any
special improvement cerdhcates. or any
bonds, notes, certificates" Of indebted
ness. orders or obligations issued prior
to March 10th. 1899. or thereafter at
charter expressly authorized. The City
of Duluth may. by ordinance. borrow
money and issue notes. certificates or
other evidences of: indeb tedness in an
ticipation of any taxes or assessments
levied upon any portion of the taxable
goes into effect whether or not any
proceeding shall have been taken to en-
force the payment thereof, The ordin-
ance mentioned in the above mentioned
subdivisions one Cd to five (5) inciu-
sive, shall prescribe the form and term
evidences Of Indebtedness. The City Of
Duluth shall have authority in such
ordinance to provide that the same shall
be general obligations OF the city, '-or
that they shall not be general obliga-
tions Of the city. but shall be payable
funds or liens held by the city. property,
or may limit the city's liability thereon
in any other manner, or may provide
that the city shall guarantee payment
Of the same. Provided. that bonds is
sued under subdivision one Q), two
(2) and three (O above mentioned, shall
be always general obligations of the
city. and without prejudice to the pow
ers hereinbefore granted; the City of
Duluth shall have authority by ordi-
nance, to assign any property acquired
by the city under any proceedings to
improvements, whether such proceeding
has been had prior to the time this
charter goes into effect or shall be had
thereafter. or any lien OF. right OF action
held by the city on account of or aris-
ing out. of any such assessment as
security for the payment of any bonds,
aotes. certificates of indebtedness or
other evidences Of indebtedness men,
toned in this section or to provide that
such bonds. notes, certificates Of in
debtedness or other evidence of in
debtedness mentioned herein may be
collected out of any such property. liens
or rights Of action.
The City Of Duluth shall have
authority. by ordinance, to provide for
the issue of bonds not exceeding one
hundred and fifty thousand dollars
0150, 00W in amount for the purpose Of
revolving fund as mentioned in the
chapter of this charter providing for
special assessments for local improve
ments.. No bonds excepting bonds for
refunding Indebtedness shall be issued
for any purpose. to an amount exceed.
ing one hundred thousand, dollars
($100,000) Until the proposition to issue
said bonds has been approved by a
majority of the legal voters Of the city
voting at general or special election.
Whenever the common council passes
any ordinance to issue bonds in pursu-
ance of the provisions of this section,
such ordinance shall provide for the
submission to the legal voters Of the
,ity at some general city election or at
some special election to be called by the
common council for that purpose, the
proposition Of issuing said bonds to an
amount deemed by said common coun-
ALL Aay$~ III