The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1903-05-29

The finance committee presented
the following report ana on mt ton
OF Knutson supported 10y Skala, same
was accepted and clerk Instructed to
issue orders for the various amounts.
Ely. Mimi. May 10th, 1908.
TO the hon. Mayor and common council
of Ely.
We your Finance Committee. to whom is
referred the matter of auditing all accounts
against the City OF ELY. report That we have
examined the blowing accounts, find them
correct ana recommend their payment.
Duluth Paper ard Staty. Co.,
supplies for Court anu POllce...... -. S15.S6
Amer can Electric Co.. lnsulatois
American Electric Co. Globes for
Arc Lam 90
Dearborn Drug and Chemical Works,
r. Boiler Compound ......---....-;.-----,.-.- 4i.d0
Standard Oil Co.. Engine Oil .....-- -..--. 1928
John Habian. Straps for Fire Dep t..-.-.- 2.oo
Peter Schaeffer. Printing amd
Binding copies of New city Charter. 6o.oO
Westinghouse Electric and Mig. Co.
Error on former payment ---- l.Co
RespecLfull submitted.
CHAs GRABowsKY.
J. II. WHITE,
JOHN L. PORIHAN.
The following report OF the finance
committee and city attry. was read.
Ely. Mimi. May IS, 1903.
TO the City Council. City OF Ely:
we the undersigned To whom was referred
Inc matter of the communication OF MI. a.
). Thomas. JreSentSd at your last meeting,
report as f0llows:-
LIST. AS to the action of the city council.
had ut Il previous meeting transferring lnte-
rest and bond sinking funds TO the general
fund. we age Of the opinion. that the same
was II advised and not warranted by law.
ana think that the action OF the council III
that particular should be reconsidered.
While the statutes of the state provide
method for the collection and repayment to
the state of money loaned to municipalities
in the manner that this was loaned. in cases
where the municipality fails to pay them.
still there is nothing re easing the city coun-
cli. where part Of the money has Deen
raised necessary to pay these Obligations.
and is in its hands for that purpose. from
paying the same as was originally Intended
Chapter VII. sec. :. provided That the i'll
tereSt fund shall be nSed only for the pay
ment of interest &c. and the sinking fund
shall be used only for the payment Of the
bonds of the city as provided in this chap
ter"
End. AS to the 80 per cent mentioned in
said communication. it IS not 30 per cent in
addition to our bonded indebtedness. but
the tax levy is Increased to That amount In
in order to cover any deficiency that ma y
arise each year by reason OF the nOn-cOllec-
ton OF taxes. and the bonds. can. i'll no
event cost us more than prlrcipal and inter,
est: the surplus after paying Such principal
ana interest. being returned To the city. we
mention this because the commune, atiOn
speaks of the taxpayers Of the city Ios.,nS
conclusion we are OF the opinion that it Is
very poor business policy to pay interest on
iaIe money. hence, having no legal author
ce0 to agree with the writer of this cOrnmu-
nication in his general conclusions that this
money should as soon as possible. be applied
20 the purpose for which it was raised
respectfully Submitted.
ug.-, ~~ABowsKY Gilman.
j. ii. WHiTl.
Ik0. i. PORTHAN.
Finance Committee.
GEO. WESTCOTT,
1t was moved by Knutson supported
by White. that the report of the Fin
ance committee and City Attorney be
accepted. and that the council recon
slider the matter OF transferring the
said Bond interest and bond sinking
funds. Carried.
1t was moved by White supported
| by KnutSon. that the former action
of the City Council, at its meeting
April q, 1908. in transferring the sum
Of S6494. 46 from the bond sinking
fund, and Sl6279 80 from the bond in
terest fund. to the general fund. be
annulled, and that the city clerk and
! CITY treasurer. be instructed to trans
ferr this money from the general fund
| to the respective funds to which same
belongs: and that the finance commit
tee take steps for promptly using said
money for the purposes for which it
was raised. Carried.
The following report or the light
and water committee was read, and
on motion OF KnutsOn supported by
POrthan same was accepted and adOp-
| ted.
| Ely, Mimi. May 10th. 1908
To the Hon. Mayor and City Council Of Ely:
We. your Light and Water Committee. tC
whom was referred several matters cOncer-
ming this department. beg to report as fol-
lows:
ected Mr.. Il. w. TOal from among the various
| applicants for the position. he having come
| to us very well recOmm ended. Mr.. TOal has
| been hired at a salary OF $4,000 per month
| and we ask that you confirm our action in
| the matter.
Relative to the matter of collecting light
and water rentals. this matter was taken uI
| for consideration, and it was the sense OF
| this committee that all payments for collec-
tions Of this nature. should be made to the
| City Clerk in his office. on or before the
| fifteenth of the month in which the bill is
| rendered to consumer by the Clerk. Failure
| to pay the rentals within the time specified
! lays the consumer liable to diSconnecton OF
| re-connectons of same shall be made except
! ing upon the authority of this committee
and the payment Of Sl.OO to pay for such
Respectfully submitted.
| j. II. WHITE.
| CHAS. GRABOWSKY
MARTIN SKALA.
| Finance Committee
Carried by vote Of Council.
| A verbal reDOrt of the Finance Com.