The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-07-10
OFFICIAL PUBLICATION.

3D. F No. 1866
An Ordinance to authorize and provide sod DC
for the issuance and sale OF $l00, e0o W
of the bonds of the City of ST. Paul.
Minnesota, to defray the expense en- &c. OF
oo ct PnO bends scn ne SAID ox t.
defray. the expense Of the construction on
of bridges, and $40, 100000 of the bonds
of said city to aid in the construction
7-of main sewers.
Whereas, The City of st. Paul. Mime
sofa. did duly include and provide in It's
levy of taxes for the year 1903, the FOL
| lowing amounts for the respective pur-
poses hereinafter stated during the year
1903 viz:
For the construction of public school
buildings. the sum Of 12,5O9. 90 49,,
For the construction of bridges, the
sum of $S9,500.00;
To aid in the construction of main sew
ers the sum of 5000 100; and,
Whereas, The funds so provided by tax
alton as aforesaid are inadequate to de.
fray the necessary and actual cost OF
said improvements, or Of either ct cas-,
and those necessary to be made during
the year 1903; and
Whereas, There is now in the treasury
aforesaid, sufficient funds, applicable
thereto and not otherwise appropriated, 70
pay more than one-fourth of the, actuai
cost Of each and all of said improve
ments to be constructed from the pro-
ceeds of the bonds hereinafter authorized,
and the Common Council deems It nee
essary that the sum of $500, 900 90, par
value. of the bonds Of said city shall be
issued to aid in defraying the cost OF
said improvements, and to be appor-
toned respectively, as hereinafter, stated;
The Common Council of the City of st.
Paul do ordain as follows:
SECTION i.
city Of ST. ste Paul pIpg Minnesota be and they
are hereby authorized and directed to
execute and issue, bonds of said City of
ST. Paul, in the following amounts and
for the following purposes, that is TO
u One Hundred Thousand $500.
100000 Dollars. par value, in and OF the
fraying the cost of construction of pub,
lie school buildings in said city
60 Sixty Thousand ESQ 100000 Dol,
said city Gsl for the purpose Of defrayng the
cost OF construction of bridges In said
city.
said city to aid In the construction OF
And in ALL the aggregate amount OF
the same shall all be executed in form as
required by law and the charter of said
City, and under direction of it's Sinking
Fund Committee, in denominations of
and dollars each, as the purchasers may
desire, and each bearing date September
l, 1903 and bearing interest at the rate
of four per cent per -annum, payable semi
annually, both principal and interest pay
able at the office of the financial agency
of the City of st. Paul, in New York City.
New York, and the principal of each of
said bonds to be due and payable ON the
31st day of August, 1888
The said bonds to be issued for, and
their proceeds, including any premiums
realized thereon, to be used and employed
only for the respective purposes and in
the respective amounts, as hereinbefore
stated.
All as provided for and authorized in and
by the terms of chapter three hundred
four 900 of the Laws of the State OF.
Minnesota for the year 1908, approved
April 20, 1903
That said bonds when so issued shall
be negotiated and sold by the Sinking
Fund Committee, provided for in the char
ter of said city, and the proceeds thereof,
including any premiums thereon. shall be
credited to and placed in the appropriate
funds and accounts in the treasury of
said city. for which said bonds are re
spectively issued as aforesaid as soon as
realized, viz:
The proceeds of $780, OO0.0O par value,
of said bonds and sny premiums thereon
shall be credited to the School Accommo-
dation Account, which is set apart for
building purposes.
The proceeds of $60,000.00 par value
of said bonds, end any premiums thereon o.
shall be credited to the Bridge Building
and Repair Fund.
The proceeds of $40,Cc0.C0, rar value. of
said bonds, and any premiums thereon
shall be credited to the Sewer Construc-
tion Account of the General Fund.
The proceeds of all of said bonds to be
used and employed for the respective spur-
poses above named and in the manner
SECTION 8.
This ordinance shall take effect and be
in force from and after its passage, APP
prevail and publication
Office of City Clerk. City of ST. Paul, S.
To Whom 1t May Concern:
Notice is hereby given that the annexed
and foregoing ordinance was introduced
in the Board of Aldermen, one. of the
branches of the Common Council of the
City of st. Paul, Minnesota, at IT'S meet
ing held on July Z, 1903, and is now on
file in this office.
Further notice is hereby given that said
ordinance will be presented to the Com
mon Council of said city for. passage at
the regular meeting of said Board of Al
dermen appointed to be held in the Coun-
Gil Chamber in the Court House and City
Hall Building, in said city, at 1880 o'clock
p. m on July 81 1903.
GEORGE r. REDINGTON,
City Clerk of Said City.
July 9-10-11-1903- st