The labor world. [volume] (Duluth, Minn.) 1896-current, 1902-10-11
and dollars l$15o. ooo)." SO that said SUD-
division as amended, shall read al fol-

Observation-Disclosures 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 one provisions OF sub-chapter two
(2) OF chapter tWenty-three (23) Of said
charter. and also suchiamounts as may
be realized by the sale Of the one hun
dred fifty thousand dollars ($15o. 0oo)
worth of certificates or bonds authorized
h here In connection with said
levied. and of each issue Of bonds. the
proceeds Of which go into said fund.
should there at any time be an &C.
emulation of money in said fund
greater than the probable demand upon
said fund during the two ca 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 Cd in the city treasury of the
City Of Duluth at the time this charter
goes into effect. (2) collected or to be
f6s from any taxes eXed 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
fund. The common council by resolu-
ton shall provide for such subdivision
in accordance with the directions here
n 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
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 council, in any one year, for
sixteenth 16th) inclusive. shall not ex-
coed three hundred and twenty thous-
and dollars ($320. 00O) nor shall it exceed
eleven QD 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 q sum not to ex-
coed two hundred dollars $4,000 for
contingent expenses incurred or to be
OF crime and prevention thereof. in the
city, and also sum not to exceed one
thousand dollars $1,000 for the sup
port Of any benevolent or charitable OBJ
ject In the City Of Duluth"
TWO.
Amend Subdivision Fifth Of Section
2s6. so as to provide for the issue OF
bonds. not exceeding one hundred fifty
thousand dollars (s15Q,000) in amount
FOR the purpose of revolving fund, in
stead Of one hundred thousand dollars
(s100,000) as now provided; and so that
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 Or refund any
special improvement certificates. or any
bonds, notes. 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
aae Of hGess s
tfc1pation of any taxes or assessments
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-
ance mentioned in the above mentioned
sub divisions one % to five (5 inclu-
slve, shall prescribe the form and term
of such bond. notes. certificates and
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
out Of any specified taxes, assessments.
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 a., two
(2) and three (S) above mentioned. shall
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
oy the city under 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 by the city on account Of or aris-
security for the payment of any bonds,
notes. 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
($150,00 in amount for the purpose of
4 revolving fund as mentioned in the
*hapter 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
(s100.000) until the proposition to issue
said bonds has been approved by a
majority Of the legal voters Of the city
citing at general or special election
Whenever the common council passes
: ny ordinance to issue bonds in pursu-
nee Of the provisions of this section,
UGH ordinance shall provide for the
admission to the legal voters of the
ity at some general city election or at
ONE special election to be called by the
ommon council for that purpose, the
roposition of issuing said bonds to an
mount deemed by said common coun-
il advisable. Any such election shall
called, If SPECIAL election, and