The labor world. [volume] (Duluth, Minn.) 1896-current, 1902-10-18
md dollars ($150, 0o0).'' 80 TINT said 49,
division as amended, shall read as fol-

and dollars (;15ooeo,.'' 50 that said ~
division as amended. shall read as fol-
"seventeenth-There shall also Be? a
| permanent Improvement revolving fund.
| which shall not be supported by taxa
ton. There shall be paid into the
fund. moneys received from all special
| assessments assessed and levied under
this charter for local improvements
under the provisions of sub-chapter two
! % OF chapter tNenty-three (23l Of said
charter: and also such amounts az may
dred fifty thousand dollars ($15o. ooo)
worth of certificates or bonds authorized
herein: In connection with said
1una; the treasurer shall keep a sep.
arate account Of each assessment
levied. and Of each 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 az years next
shall report such fact to the board of
sinking. fund commissioners, who Shall.
IS soon as practicable, invest said &C
emulation substantially in the same
manner that the moneys of said sinking
fund are to be invested: or the common
'ouncil may. by resolution. transfer
such accumulation or any part thereof
% the sinking fund Of the city. \
Moneys G) in the city treasury of the
City Of Duluth at the time this charter
goes into effect. ca collected Or to be
collected tx from any taxes levied before
far as practicable be divided among
the several funds thereby established,
and where such subdivision is not
practicable. shall be kept in the general
ton shall provide for such subdivision
| in accordance with the directions here
| 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
| revolving fund. and the cost Of said i'm
provement shall be paid out OF said
| fund.
The aseregate amount levied by the
common council. IN any one year. for
said funds numbered fourth (4th) to
sixteenth Q6th) inclusive. shall not ex-
coed three hundred and twenty thous-
and dollars ($320, 000) nor shall it exceed
eleven q1) mills Of the assessed valua-
| city; 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 sum not to ex-
coed 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
city, and also sum not to exceed one
thousand dollars l$1,ooo) for the sup
port Of any benevolent or charitable OBJ
n nn ~ Int
TWO.
Amend Subdivision Fifth Of Section
| 2S6. so as to provide for the issue Of
| bonds. not exceeding one hundred fifty
thousand dollars (s15Q,00O in amount
for the purpose of a revolving fund, in
| ($10O,000) as now provided; and SO that
said Sub Division Fifth shall read as
follows:
"Fifth-The City of Duluth may by
ordinance borrow money and issue
bonds. notes and certificates of in
| debtedness, or other evidences of in
debtedness to pay, fund o. refund any
| bonds, no,es, certificates of indebted
| ness, orders or obligations issued PRIOR
to March 10th. 1899. or thereafter at
| any time or IN any manner by this
charter expressly authorized. The City
of Duluth may. by ordinance, borrow
money and issue notes. certificates Or
| other evidences of Indebtedness in an
| tic1pation of any taxe7 or assessments
| levied upon any portion Of the taxable
property prior to the time this charter
proceeding shall have been taken to en-
| force the payment thereof. The ordin-
ance mentioned in the above mentioned
subdivisions one O to five 60 inclu-
sive. shall prescribe the form and term
of such bond. notes, certificates and
svidRlces 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-
$, Of the sn city, put % BE- paya9
funds or liens held by the city. property,
or may ntait the city's liability thereon
In any other manner. or may provide
that the city shall guarantee payment
, the unaer that on. oS1 two
a. and three 80 above mentioned. shall
be always general OBLIGATIONS of the
city. and without prejudice to the pow
cry hereipbefore granted; the City Of
Duluth shall have authority by ordi-
Ssn &c. to o;t sssga tny property Acquired
enforce special asSessments Tor local
| improvements. whether such proceeding
has been had prior to the time this
charter goes into effect or shall be had
| eASASA6koE. VI 4ASu E1S1L Oh a0llOO
held by the city on account Of or atis-
Ing out of any such assessment az
security for the payment Of any bonds,
aotes. certificates OF indebtedness or
othsr 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
($150, 5000 in amount for the purpose OF
revolving fund as mentioned in the
chapter Of this charter providing fo1
special assessments for local improve
nents. No bonds excepting bonds for
refunding Indebtedness shall be issued
! cor any purpose. to an amount exceed
ing one hundred thousand dollars
$780, 06)> until the proposition to issue
said bonds has been approved by a
majority Of the legal voters Of the city
'oting at a general or special election
Whenever the common council passes
ny ordinance to issue bonds in purau-
nee Of the provisions Of this section,
UGH ordinance shall provide for the
admission to the legal voters Of the
Ny at some general city election or at
ONE special election to be called by the