The Saint Paul globe. (St. Paul, Minn.) 1896-1905, 1903-07-09
OFFICIAL PUBLICATION.

OFFICIAL PUBLICATION.
BID F No. 1896
An Ordinance to authorize and pro ra ne
for the issuance and sale of $100, 90
of the bonds of the City OF st. Pau.
Minnesota, to defray the expense Oh
constructing public school buildings;
$50, 10000 of the bonds of said city to
defray the expense of the construction
OF bridges. and $40, 100000 of the bonds
= of said city to aid in the construction
of main sewers.
Whereas, The City of ST Paul. Mime
Sofa did duly include and provide IN ITS
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 SILL, 10000;
For the construction of bridges, the
sum of $S9,500.00;
To aid in the construction of main sew
ers the sum of $780, 100000; 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 class
thereof, now in course of construction
the year 1903; and
Whereas, There is now in the treasury
of said city. derived from taxation as as
thereto and not otherwise appropriated, TO
pay more than one-fourth of the actual
cost of each and all of said improve
ceeds of the bonds hereinafter authorized,
and the Common Council deems 1t nee
! essary that the sum of $500 000.00 par
value Of the bonds Of said city s ana Of
said improvements, and to be appor-
toned respectively, as hereinafter stated;
therefore
The Common Council of the City of st.
Paul do ordain as follows:
SECTION !.
That tho roTonor ci+y offioorc 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
for the following purposes, that is to
say:
"a One Hundred Thousand (s1Oo,
100000 Dollars, par value, in and OF the
bonds of said city for the purpose of de-
| fraying the cost of construction OF pub
| lie school buildings in said city.
t2) Sixty Thousand t$6o, O0o.o0) Dol.
said city for the purpose of defraying the
| cost of construction of bridges in said
city.
(3) Forty Thousand ($4o, 00O.00) Doll
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 amount OF
$1,000 100000, par value of said bonds, and
the same shall all be executed in form a s
required by law and the charter of said
| City, and under direction of it's Sinking
| FuDQ COnmlIC6e, IN ACCOMMODATIONS VI
either five hundred dollars, or one thous-
| 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 1898.
| 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.
SECTION 2.
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
The proceeds of 800, 100000, par value,
of said bonds. and sny premiums thereon
| shall be credited to the School Accommo-
| dation Account, which is set apart for
The proceeds of $60,0OOOO, par value.
of said bonds. and any premiums thereon
| shall be credited to the Bridge Building
| and Repair Fund.
The proceeds of $40 CC0.c0, rars value. of
said bonds and any premiums thereon,
| shall be credited to the Sewer ConStruc-
| ton Account of the General Fund.&
The proceeds of all of 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 it's passage, ap-
| prevail and publication.
/ Office of City Clerk, City of st. Paul, SIS.
| 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
1 City of st. Paul, Minnesota, at It's meet
! ing held on July Z, 1908, 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 go o'clock
D. m. on July 81 1903.
GEORGE T. REDINGTON,
| City Clerk of Said City.
July 9-10-11 -19033t
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