New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1905-05-24

in the event Of condemnation
shall be that prescribed by chapter 2S4.
General Laws of 1903, or that prescribed
by. such city's charter and the purchase
price. of said plant or system as SO fixed
by agreement or condemnation may be
this act authorized to be issued.
Sec. 2. Whenever the city council of
any such city. at a regular called meet
ing thereof, determine by resolution,
duly adopted by a three ourths majority
vote of all the members thereof, entered
upon the minutes Of its proceedings, that
works or light plants already in exist
ence, or construct, extend, enlarge or
improve a municipal water or light plant
or either or all thereof, as the case may
said city available therefor, are not sufh-
cient for such purpose, and that it is
necessary to issue the bonds of such
city IN an amount to be determined by
exceeding in the aggregate seven G. per
cent? per cent of the assessed valuation
of the taxable property of such city ae-
cording to the last preceding assess
nlent thereof such city council may cause
the proposition Of issuing such bonds. in
such an amount, to be submitted to the
electors Of such city at any general
resolution shall fix the time of said
voting, if the same be submitted at a
special election, which shall be not less
4
adoption of said resolution, and said spe-
eial election shall be conducted as pro-
vided by law for general elections. The
notice OF such election IA, at which said id
general or special. shall contain a state
ment. of the total amount Of the prin-
cipal of said bonds, and the purpose to
which it is proposed to put the same.
Sec. 8. In voting upon such proposi ton
those in favor Of issue of bonds. shall
have written or printed, or partly written
the ana w Rass D5 asge on IF he
NO. and each elector voting on such
proposition shall make a cross mark
thus: Cx), in one of the two spaces left
for the purpose, upon the margin Of the
ballot used as provided in section twenty
eight C2S), chapter four a., General Laws
of Minnesota for 1888 The eieetor de-
string to vote in favor of issuing bonds
the place left opposite the word Yes
and the elector desiring to vote against
the issuing Of bonds, shall mark a cross
mark thus: (1O in the place SO left oppo-
site the word mo and no ballot shall
be counted on said proposition except
those having said cross mark (x) oppo-
site one "a only of said words YES"
s'No" The voting shall be conducted in
the same manner as provided by law for
the election Of city officers and shall be
counted. returned and eanvassed in the
same manner as provided by law for the
election of city officers. and if upon such
canvass it appears that three-ffths
majority of all the votes cast upon said
proposition, shall be in favor of issuing
bonds. the same may thereafter be issued
in accordance with the provisions OF this
act, but not otherwise
Sec. 4. Whenever the electors Of any
such city at any such election shall de-
clare in favor of issuing the bonds of
such city hereunder, such city, and the
city council thereof, is hereby authorized
three-fourths of the members Of such
city council, to issue the bonds of said
city, in an amount to be determined by
said city council, not exceeding in the ag-
proposition, adopted by the electors at
said election, and such city council may
dispose of the same, as hereinafter pro-
vided. and may use the same and the
proceeds thereof for any Of the purposes
which the resolution provided for In sec
ton two % of this act shall specify. but
not otherwise.
Sec 5. Such bonds shall be of such de-
nomination as the city council may de-
termine; shall be payable at such place
as the city council may designate; at
such times. not less than ten d0) nor
more than thirty 600 years from date Of
issue; shall be made payable to bearer,
or to the order of the person or corpora
ton to whom they may be delivered as
such city council may deem best. and
nually, at such place as the city council
may determine, at a rate not exceeding
four per cent a per cent? per annun1. to
said bonds. Said bonds and coupons shall
be signed by the mayor and attested by
the clerk, or similar officer, or recorder
of such city, and the corporate seal OF
the city shall be imprinted upon said
bonds.
Sec. 6. The city council Of any such
city shall have authority by majority
vote of all it's members to dispose of such
bonds in such manner as in the judg-
ment Of said city council shall best sub
serve the interest Of the, city, but it
shall not negotiate the sale, dispose OF,
nor sell said bonds, nor any. of them, at
less than their par value and accrued in
terest, and neither the said bonds or
the proceeds of the sale thereof shall be
in said resolution contemplated by sec
ton two 90 hereof, and SUCH purpose
shall be again distinctly stated in said
resolution of said council authorizing the
issuance thereof.
Sec Z. The principal and interest OF
any such bonds so issued Is hereby de-
clared to be a first lien upon the munlc-
ipal water works or light plants respect
lively constructed or purchased by means
of said bonds or the proceeds OF the sale
thereof and the faith and credit of such
city issuing the same is hereby lrreVo-
cably pledged to the payment a5is the ere
whether general Or special, or by virtue
of said chapter three hundred and htty,,
one {35D, as amended, Of the Genera ltll
hundred and ninety-nine lS99), to the
contrary Notwithstanding.
Sec s. This act shall take effect and
be in force from and after its passage.
Approved April 10, 1903.
CHAPTER 335-H. +. NO! $50.
AN ACT to provide for the acquisition
Improvement and maintenance OF pup
lie parks and for the appointment OF
park boards in cities of not more than
10000 inhabitants.
Be it enacted by the Legislature of the
State of Minnesota:
Section /. That any city Of this state.
now or hereafter having population OF
not more than ten thousand (l0,OoO) IN
habitants is hereby authorized and en-
powered, in addition to the other powers
conferred upon it by law, to acquire by
gift, purchase, devise, condemnation or
lease, lands within it's corporate limits.
or lands contiguous to such city, ana
living outside Of it's corporate limits. not
exceeding fifty (50) acres in extent of
area, for use by the public for PARK,
and for park purposes, and may provide
for the improvement T. thereof by the plant
ing and preservation of trees and shrubs,
by inclosing, ornamehting and protect
ing the same, and in such other ways
as may be necessary TO make such lands
suitable for the uses of public park.
Sec. 2 That the city council of every
such city may by a majority vote create
a park board for such city, to be COM
posed of three members to be chosen by
the council for terms of one, two and
three years respectively, all ofSwhen
who shall serve without compensation.
r1r hall no and