The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-10-02
OFFICIAL PUBLICATION.
Of Ordinance Passed by the Common
Council of the City of ST. Paul.

An ordinance to authorize and provide
TOT the issuance and sale of $100;O00.00
OF the bonds of the City of ST. Paul
minnesota, to defray the expense of
constructing public school buildings;
S60OOO.00 Of the bonds of said City to
detraY the expense of the construction
Of bridges, and $40,00000 of the bonds
OF SAID City TO aid in the construction
OF main sewers.
sofa. did duly include and provide in it's
levy of taxes for the year 1903 the fol-
lowing amounts for the respective pur-
1903. viz: nc 'e"-
For the construction of public school
buildings, the sum of $112,5000O;
For the construction of bridges the
sum of SS9, 100000
To aid in the construction of main
sewer. the sum of $6O,0OO.0O; and
taxation as aforesaid are inadequate to
defray the necessary and actual cost of
improvements. or of either class thereof.
now IN course of construction and those
necessary TO be made during the year
Whereas. There is now in the treasury
OF said City, derived from taxation as
aforesaid. sufficient funds, applicable
thereto and not otherwise appropriated
10 pay more than one-fourth OF the actual
cost of each and all of said improve
menus TO be constructed from the pro-
ceeds OF the bonds hereinafter authorized.
and the Common Council deems 1t neces-
sary that the sum of 5000. 100000, par
issued TO aid in defraying the cost of
SAID improvements. and to be appor-
uemed respectively, as hereinafter stated;
The Common Council of the City of st.
Paul do ordain as follows:
SECTION 1.
That the proper City officers of the
City OF St Paul. 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
Tor the following purposes, that is to say:
oo op 9o1 Hundred Thousand (s1O0,-
OoOOO) Dollars. par value in and of the
bonds of said City for the purpose of de-
fraying the cost of construction of public
soh 100 buildings in said City;
l9-Slxty Thousand esq., .00). Dol
lars. par value, in and of the bonds of
said City for the purpose of defraying the
cost of construction of bridges in said
(s)-Forty Thousand (s4O O0O. OO) Dol
lars, par value. in and of the bonds of
said City to aid in the construction of
main sewers in said City
And in all. the aggregate amonn+ NJ
$2OO,OOO0O, par value of said bonds and
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 denomina tions of
either Five Hundred Dollars, or One
Thousand Dollars each, as the pur-
chaserS 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 payable at the office of the finan
cial agency of the City of ST. Paul in
New York City, New York, and the prin
cipal OF each of said bonds to be due
gust, 1888
The said bonds to be issued for. and
Ineir proceeds. including any premiums
ployed only for the respective purposes
ana In the respective amounts as here
inbefore stated.
A
and by the terms of chapter three hun
dred four GOD of the Laws of the State
OF Minnesota. for the year 1903, approved
April 20. 1908.
SECTION 2.
That said bonds when so issued shall,
De negotiated and sold by the Sinking
Fund Committee, provided for in the
charter of said City, and the proceeds
thereof. including any premiums. there
on, shall be credited to and placed in the
Treasury of said City, for which said
bonds are respectively issued as afore-
said. as soon as realized viz:
The proceeds of 500 00O0O 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, 900. 90. 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, 10000, 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 he
used and employed for the respective pur-
poses above named and in the manner
provided by law.
SECTION 3.
This ordinance shall take effect and he
in force from and after its passage. an
proval and publication.
Passed by the Board of Aldermen
Yeas-Ald. -Bantz Buschmann- Dahl
quist Dobner, Elder, Hinkens, Moriartv.
Rohland. Mr.. Presidents.
Nays-Ald. Holt
FRANK ]. HUBER
President Board of Aldermen
Passed by the Assembly Sept IL. 1909
Yeas-Messrs. Doran, Haas Rosen.
Schurmeier. 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. RED1NGT r9aSor'
Oct. ?, lsOs-lt 0isiA'