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

Voters who desire to vote for the is-
suance OF such bonds shall place cross
lot, and those who desire to vote against
the issuance of said bonds shall place a
cross CX9 opposite the word mo" OF said
ballot. Such election. IL q special election,
shall be conducted in all respects as a
general election, except that it shall not
be necessary to have more than two days
for registration, which days shall be one
week and two weeks, respectively, prior
to the day Of such election. II the ma
Jortty OF the voters who vote. upon such
said bonds, then the same shall be issued,
otherwise they shall not be issued.
Sec. 4 The bonds of any such city is
sued pursuant to the terms of this act
as determined and authorized by ordi-
nance or resolution adopted by the affirm
ative vote of majority Of all the mem
bers of the city council. and all interest
upon such bonds shall be evidenced by
coupons attached to such bonds, and
which interest shall be payable at such
times and at such place or places as may
ton. Such bonds shall be sealed with
the seal of the city issuing them and be
signed by the mayor and city clerk or
recorder, and such coupons shall be
signed by the city clerk or recorder, and
such bonds shall not be sold for less than
par value and accrued interest to the
highest responsible bidder after notice
published once in each week in a daily
newspaper, If there be ono in such city,
for two successive. weeks; If not, then
once in each week for two successive
weeks In q weekly newspaper in said city,
and also once in each week for two sue
cessive weeks in a daily newspaper pub
lished in the city. Of St. Paul. Minnesota:
Sec. 8. None Of the proceeds of any OF
the bonds issued pursuant to the provis-
ions of this act, nor any part thereof,
shall be used for any other purpose than
the purposes hereinbefore specified, to-
gether with the necessary expense attend
ing such purposes, and the purpose or
purposes for which such bonds shall be
issued shall be distinctly set forth in the
ordinance or resolution authorizing the
same.
Sec. e None of the bonds of any such
city issued pursuant to the terms and pro-
visions of this act shall be deemed or
taken to be a part of the Indebtedness OF
such city within the purvieW of any law
limiting the amount of the bonded or 9TH
er indebtedness of any such city, and
the bonds authorized by this act may be
issued Notwithstanding and without re-
gard to any limitation Of the indebted
ness of such city, nevertheless. the full
faith and credit of every such city is
irrevocably pledged to the full payment
of an such bonds and interest.
Sec. I. Every such city Issuing any
bonds under authority of this act is here
by required to levy each year thereafter
the necessary tax upon all the taxable
property of such city for the purpose of
raising an amount which shall be equiv
alent to the reasonable value of the hy-
drdnt rental and other water consumed
or used by such city and provided by such
system Of water works, which sum shall
be paid into and credited to a fund known
as the water works fund.- which shall be
kept separate from all other moneys of
such city, and shall be under the con-
troll and management of the governing
body, board or commission of such city
which shall have the control, government
and management Of such water works
system as may be from time to time pro-,
Vlded by law and likewise all rentals and
revenue derived from such system of wa
ter works in any manner shall. be paid
into such fund, and all expenses Of man
agement and operation, and otherwise,
of such system of water WORKS shall be
paid out of said fund, and from the bal
ance thereof there shall each year be set
aside sufficient amount to pay the in
terest upon all bonds issued by authority
of this act and such further sums as may
be necessary TO create sinking fund, to
pay the principal of such bonds as they
mature and a sufficient sum to pay the
interest as it falls due upon any bonds
secured by mortgage upon such water
works., given before and such purchase
thereof. Said sinking fund to be known
as the water works sinking fund.- And
in case OF any deficiency in the amount of
SAID water works fund every such city
is hereby required to levy each year the
necessary tax upon all the taxable prop
erty of such city for the purpose of MAX
ing up any such deficiency, and Of pay
ing the interest upon all such bonds SO
issued and Of creating a sufficient sinking
fund to pay such bonds as they mature.
and such sinking fund shall not be d.
yerted to or used for any other pur-
pose than that of paying the interest and
principal upon the bonds issued by au-
thor1ty Of this act; and none of the re-
celpts of said water works system shall
be diverted to any other purpose except
that Of the maintenance, operation and
extension of said water works system,
and OF the payment Of the interest and
principal Of the bonds issued pursuant to
this act.
Sec. 8. Every such city is hereby au-
thorlzed and empowered by a two-thirds
vote or the common council thereof to
contract on behalf Of said city for the
purchase Of water works or for the build
Ing and construction Of a system of water
works but no contract for such building
after said city council, or other govern
ing body, shall cause an advertisement
Tor sealed bids for the performance of
au i+ contract to be published by the
city clerk or recorder thereof at least
once in each week for three successive
weeks in a daily newspaper published in
said city, If one there be; if there be none
then once in each week for three sue
Gess1ye weeks in a weekly newspaper pub
llshed IN said city, and also once in each
week Tor three successive weeks in a
dally newspaper published in st. Paul or
Minneapolis. The council or other GOV
ernlng body, shall have authority to pre-
scribe suGh terms and conditions relative
10 the making of such bonds for such con-
tract a ana relative, to the security which
each bidder shall be required to make or
deposit with such bid as to such conn
cIl shall seem expedient and proper, and
snaIl have authority to reject any and
an Dlds; but no such contract to purchase
OF construct shall be valid unless eitber
prior to the making thereof or Thereafter.
IN case bonds are required to be issued
70 pay Tor such water works, a majority
i Gl me f lesae voters of such city shall vote
IN FAVOR or the issuance of such bonds
as hereinbefore provided. 'oiius'
sec. 8. This act shall take effect and
De IN torce from and after it's passage.
CHAPTER 1O6-S. F. NO TIA
AN ACT to establish a drainage comn,i
eli 70