The labor world. [volume] (Duluth, Minn.) 1896-current, 1902-09-27

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end dollars .(s15o.oeo},'" $50 that said -,
Observation-Disclosures shall also be q
permanent Improvement revolyink fund
Gnae ers not sh 81 Ss oad f.
permanent Improvement revolving
fund; moneys received from all special
assessments assessed and levied under
thie charter for, local improvements
under the provisions Of sub-chapter two
charter. and also such amounts az may
be realized by the sale Of the one hun
dred tfty thousand dollars l$150. 000l
worth of certificates or bonds authorized
herein: In connection with ssald
arafe s aach
levied. and Of each issue Of bonds. the
proceeds OF which 30 into said, FUND.-
Should there at any time be an &C.
emulation of money in said fund
greater than the probable demand upon
following. then the common council
shall report such fact to- the board OF
sinking fund commissioners. who shall.
as soon as practicable, invest said &C
emulation substantially in the same
na tf the Of fSd smnos
council may. by resolution, transfer
such accumulation or any part thereof
to the sinking fund of the city.
Moneys a. in the city treasury of the
City OF Duluth at the time this charter
goes into effect. ca collected or to be
this charter goes into effect. shall SO
far AZ practicable be divided among
the several. funds thereby established,
and where such subdivision s'~not
practicable, shall be kept In the general
fund. The common council by: reeolu-
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 aggregate amount levied by the:
common CON council, in any one y Ta41H, t4 Or
sixteenth 16th) inclusive. shall not ex-
coed three hundred and twenty thous-
and dollars ($320, 000) nor shall it exceed
eleven (11) mills Of the assessed yalua-
ton Of all taxable property In said
Cty, levy IN eAceSs VI SltAeI ~ I4coI
limitations, shall be void as to such
excess.
From the general fund the common
council may in every year and by a
resolution, appropriate g. sum not to ex-
coed two hundred dollars ($2OO) Tor
contingent expenses incurred or to be
incurred by the mayor in the detection
city; and also sum not to exceed one
thousand dollars ($1.0O0) for the sup
port OF any benevolent or charitable OBJ
ject in the City Of Duluth"
;. TWO.
Amend Subdivision Fifth OF Section
2S6: 90 as to provide for the issue s.e Of
thousand dollars ($16Q00o) In amount
for the purpose Of a revolving fund. in
stead Of one hundred thousand dollars
($100, 000) as now provided; andkso that
said Subdivision Fifth shall read as
follows:
"Fifth-The City Of Duluth may by
bonds, notes and certificates of in
debtedness, or other evidences Of in
debtedness to pay, fund or refund any
special Improvement certificates. or any
bonds, notes. certificates Of indebted
to March 10Th, 1883. or thereafter at
any: time or III any manner by this
charter expressly authorized. The City
Of Duluth may. by ordinance. borrow
money and issue notes. certihcAtes or
tctpatton OF any taxes or a4se1suents
levied upon any portion Of the taxable
property: prior to the time this charter
goes into effect whether or not any
proceeding shall have been taken to en-
force the, payment thereof. The ordin,
sub divisions one a. to- FIVE (5) inclu-
| sive, shall prescribe the form and term
| of such bond. notes, certificates and
| evidences OF indebtedness. The City OF
Duluth shall have authority In SUCH
ordinance to provide that the same shall
that they shall not be general obliga-
lions Of the city, but shall be payable
| out of any specified taxes, assessments.
funds or liens held by the city. property,
or may limit the city's liability thereon
in any other manner. or may provide
Of the same. Provided. that bonds it,
| sued under subdivision one ~, two
(2) and three (3) above mentioned. shall
be always general obligations Of the
city. and without prejudice to the pow
ers hsreipbstore granted: the City Of
nance, to assign any property occurred
by the city undet any proceedings to
! enforce special assessments for local
| improvements, whether such proceeding
has been had prior TO the time this
charter goes into effect or shall be had
thereafter. or any lien or right Of action
held ~ the city Oh account OF or aris-
Ing out Of any such assessment a.
security for the payment Of any bonds.
notes. certificates Of Indebtedness OF
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
($150, 1000. in amount for the purpose OF
a. revolving fund as mentioned in the
chapter of this charter providing for
special assessments tor local improve
| ments.- No bonds excepting bonds for
refunding Indebtedness shall be issued
| tor any purpose: to an amount exceed
ing one hundred thousand dollars
| (s100,000) until the proposition to issue
4 said bonds has been approved by a