The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-04-24


the second (2dD Monday of September in
each year.
Sec. .. All acts or parts of acts incon-
slstent with this act. are hereby re-
Sec. 3. This act shall take effect and
De IN force from and after its passage
Approved March 10, 1903.
CHAPTER 66-H. F. NO. 161.
AN ACT entitled an act to enable and
authorize the board of county commits
S ;1 or any county in this state hav-
ing more than one hundred and fifty
thousand inhabitants, according to the
last then completed state or national
census, to issue certificates of indebted
ness to fund the floating Indebtedness of
SAID county existing on February first
A ID. one thousand nine hundred and
three Q9O3). and to levy taxes for the
payment thereof.
Be 1t enacted by the legislature of the
State of Minnesota:
Section l. The board of county COM
mlssloners of any county in this state.
having more than one hundred and fiftI,
thousand inhabitants according to tbe
last then completed state or national
census, is hereby authorized and en-
powered to issue at any time prior to the
1st day of May, in the year one thousand
nine hundred and three 09O3), the GER
t1hcates of Indebtedness of said county
Tor such an amount as may be necessary
1or tne purpose of funding the floating in
deotedness OF said county, which said
floating Indebtedness exists on the first
day of February. A. D. one thousand
nine hundred and three. and which indeb-
tednesS has not existed for more than five
years. said certificates of Indebtedness
and the proceeds thereof shall be used
Tor no other purpose. and this act shall
not relate to any floating Indebtedness of
any county. the floating Indebtedness of
which is involved in any action pending
at the time of the passage and approval
of this act.
Sec. . Said certificates of Indebtedness
snail be in such sums as the board of
county commissioners shall determine
and shall bear interest at the rate of not
eXceedlng per cent per annum, payable
semi-annually. The principal of said Ger
tihcates of Indebtedness shall become
due and payable at such time or times
as the board of county commissioners
snail determine. subject, however. to the
following limitations to-wit: At least
one-fifth Of the said certificates shall be-
come due and payable not more than one
year from their date, at least one-ffth
not more than two years from their
year from their date. at least one-ffth
not more than three years from their
date, at least one-fifth not more than
four years from their date, and the bal
ance not more than five years from their
date, and no existing law permitting the
refund1ng or extension of the time of
payment of the obligations of any coun-
ty shall have any application to Ger
tifcates of Indebtedness issued here
under.
Sec. 3. The certificates of indebtedness
the chairman of the board of county com
missioners and attested by the county an
ditor and sealed with his official seal
ana be made payable at such place as
the BOARD OF county commissioners shal II
by resolution determine. Attached to each
certificate shall be interest coupons evil
denc1ng the semi annual installments of
interest to fall due on the same and
which interest coupons shall be attested
by the fac smile of the signature of the
chairman of the board of county COM
missioners and of the county auditor.
Sec. 4. The board of county commits
sloners Shall annually after the date of
the issuance of said certificates of indebt-
edneSs levy tax upon the taxable prop
erty of the county. in addition to all
other taxes levied, sufficient to paw ,fe
interest annually accruing upon the GER
tificates of Indebtedness issued in pur-
suance of this act, and in advance of the
maturity of the principal of any of said
certificates shall in like manner levy a
tax upon the taxable property of said
county sufficient to pay such principal
when due.
Sec. D. Before any such county shall
be authorized to issue any certificates of
Indebtedness, as herein authorized. the
county auditor shall give notice by ad
vertisement published for at least one is
sue in each of at least two consecutive
weeks in the official newspaper of said
county that bids will be received at his
Office for the sale of such certificates at
the time to be named in such advertise
ment. The county auditor shall sell such
certificates to the highest bidder or bid
ders. but in no case for less than par.
Sec. 6. This act shall take effect and
be in force from and after its passage.
Approved March 10, 1903.
CHAPTER 9Th. F. NO. 43s
AN ACT to amend chapter forty-four
(44 of the General Laws of 1897, en-
titled IAN act authorizing and empow-
ering deputy county auditors to admin
lister oaths in their respective counties
and to certify the same under the seal
of the county auditor"
Be it enacted by the legislature of the
State of Minnesota.
Section l. That section one "a of chap
ter forty-four (44) of the General Laws OF
the State of Minnesota for 1897 be amend
ed so as to read as follows:
Section 1. That in all counties in this
state the deputy county auditors duly