The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-10-13
OFFICIAL PUBLICATION.
OF Ordinance Passed by the Common
Council of the City of ST. Paul.


Council of the City of ST. Paul.
BID F No. 17S06-Ordinance No 24O1-
An ordnance to authorize and Drovide
Tor the issuance and sale of 500 00o m
OF the bonds of the City of ST. Paul,
constrT Std; to n, dbeffray the, expense Of
500 90 of the bonds of said civ to
oefray the expense OF the construction
OF bridges, and $40, 10000 of the bonds
" of sald CITY to aid in the construction
OF main sewers.
Whereas, The City of st. Paul. Mime
sofa. did duly include and provide in its
io1G,r OI taxes Tor the year 1903. the fol-
lowing amounts for the respective pur-
poses hereinafter stated, during the YEAR
1903, viz: N-'o '0"t
For the construction of public school
pu1iolhgs' the sum Of $112. 10000;
sum of s89, 10000; INC
s0 TO aid in the. construction of main
sewers, the sum of $50, 900 90; and
whereas, The funds so provided bv
taxation as aforesaid are inadequate to
9eiray the necessary and actual cost of
| now In course Of construction and those
nIeeoGSessary to be made during the year
| Whereas. There is now in the treasury
| OF said City derived from taxation as
! aforesaid. sufficient funds applicable
tnereto and not otherwise Appropriated
c 30 pay more than one1fourth of the actual
| cost OF each and all of said improve
ments to be constructed from the pro-
ceeds OF the bonds hereinafter authorized.
ana the Common Council deems it neces-
saTy that the sum of 5000 600 90 par
VaIue, OF the bonds of said City shall be
ISSUED to aid in defraying the cost of
S Stai1 improvements. and to be appor-
tl0med respectively, as hereinafter stated.
Therefore, '
The Common Council of the City of st.
Paul do ordain as follows:
SECTION 1.
CT, Tha Il, I'll the 1p proper City officers of tho
are hereby authorized and directed to
execute and issue. bonds OF said CITY OF
S 81. Paui. In the following amounts and
| ooGll-One Hundred Thousand (s1O0.
9oO.9O) Dollars. par value. in and of the
f 6ondg OF tb said City for the purpose OF de
school bndi Gost &, OF construction Of public
(2)-sixty Thousand ESQ. 900 90, DOL
| larsr par value. in and Of the bonds of
cost OF construction OF bridges in said
I5)-Forty Thousand (s4O. OooOo) Dol
lars. par value, in and OF the bonds OF
said City to aid in the construction Of
main sewers in said City.
.o 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 its Sink
ing fund committee, in denominations Of
1
Thousand Dollars each, as the pur
chasers may desire and each bearing date
September 1. 1903. and bearing interest
at tne rate or four per cent per annIIrn
payable semi-annually. both principal and
interest payable at the office of the fnan
S SaI, agency er C, Of the City of St Paul. in
cipal of each of said bonds to be due
and payable on the 31st day of Au-
| gust, 1888
The said bonds to be issued for and
| their proceeds, including any premiums
realized thereon, to be used and EN-
ployed only for the respective purposes
inbefore stated.
All as provided for and authorized in
and by the terms of chapter three hun
dred four 900 Of the Laws Of the State
OF minnesota. for the year 1903, approved
| April 20. 1903.
SECTION 2.
That said bonds when so issued shall
| be negotiated and sold by the SINKING
| Fund Committee, provided for in The
charter OF said City, and the proceeds
o u, e,9a, h INC any premiums. there
appropriate funds and accounts i'm the
Treasury Of said City, for which said
bonds are respectively issued as afore-
| said. as soon as realized, viz:
| The proceeds Of 800, 900 90, par value
OF said bonds. and any premiums thereon,
shall be credited to the School Accommo-
dation Account, which is set apart for
The proceeds of $50, 100000. par value.
| Of said bonds, and any premiums there
| on. shall be credited to the Bridge Build
| ing and Repair Fund.
The proceeds of $40. 90, par values. Of
| said bonds and any premiums thereon,
| shall be credited to the Sewer Construc-
| ton Account of the General Fund
The proceeds of all said bonds to be
used and employed for the respective pur-
| poses above named and In the manner
| provided by law.
SECTION 8.
This ordinance shall take effect and be
| in force from and after its passage, APP
prevail and publication.
1I Passed Sc ,a By the Board of Aldermen
| Yeas-Ald. Bantz Buschmann. Dahl
| Quist Dobner. Elder Holt Hinkens, Nor
| iarty. Rohland. Mr.. President-9.
Nays-0
FRANK j. HUBER,
President Board of Aldermen
Passed by the Assembly Sept IT, 1903
Yeas-Messrs. Doran, Haas. Rosen,
| Schumacher Van Slyke. Wheeler, Whit
| comb. Mr.. Presidents.
Nays-Mr. Arnold.
r. SCHIFFMANN,
President of the Assembly.
Approved Sept. 10, 1903.
r. A. SMITH.
Attest: GEORGE T. .REDINGToN.,
Oct 1s-1sOs-1t.