St. Paul tidende. [volume] (St. Paul, Minn.) 1902-1928, 1907-05-10

titled TO charge and receive for such pub
by law for legal publications."
Sec. 2. That chapter 249, General Laws
1905, and all other acts and parts of
acts inconsistent. herewith are hereby
Sec. 3. This act shall take effect and
be In force from and after it's passage.
Approved March 25. 1907.
CHAPTER 62-s. F. NO. 343.
AN ACT authorizing cities of this state
having a population Of ten thousand in
negotiable coupon bonds to AXE up
their past due Indebtedness and to pre-
| vent the subsequent creation of a float
ing indebtedness in such cities.
Be 1t enacted by the Legislature Of the
State of Minnesota:
Section 1. In addition to the rights and
powers granted by Law to the several
rights and powers shall not be abridged
by, this act, there is hereby granted to
all cities organized or existing under
and by virtue Of any general or special
ton Of ten thousand inhabitants or less,
according to the last officially promul-
gated state or United States census. the
hereinafter provided; the negotiable cou-
pom bonds of any such city for the pur-
pose of taking up and funding its float
laws Of said state whether general or
special governing any such city to the
contrary Notwithstanding and notwith-
standing the amount of the Indebtedness
The term floating indebtedness" as
used in this act shall be construed to in
clude all debts and liabilities of any such
In not more than one year from their
date. and judgments against said city and
all liabilities incurred under contract for
purchase of materials.
| Sec, z, Bonds of anv S11oh citv ics,1ad
for the funding Of it's floating Indebted
n fei7e1 under m this act shal be issued in the
by a majority vote of all members.
authorize the issue Of the negotiable
f on1o4 3b Ron @a, Of such 'nS city, to take up and
city, which bonds shall run for not more
than fifteen Q5) years and shall bear in
tersst at the rate Of not to exceed five
principal and interest payable at tt't such
times and place as may be fixed by the
common council; Such bonds to be Of
the common council may by resolution
prescribe. and b. signed by the mayor
and sealed with the seal of the city, at
tHste cdB by the cleT r and and c8 o. by
value to the highest responsible bidder
after notice published at least once in
each week for two 90 consecutive weeks
cial paper of such city. No city shall
pay a commission exceeding one and one
half 90 per cent as compensation for
the sale Of such bonds.
Sec. 8. No such city shall be permitted
to issue bonds under this act for funding
any Of it's floating Indebtedness except
such as exists at the date of the passage
such city be entitled to avail itself of the
provisions of this act unless it shall pro-
ceed to do 80 within eight (S) months
r nroTa, tn NE + gate ac Of the passage and ap-
reached the limit of it's bonded or other
lpee6ted ines 81 as fb fixed by any general or
TO-. and which ayails itself Of the pro
visions of this act, shall thereafter hav
no power TO- create any obligation which
be in renewal of an obligation now exist
ing: 'AlS'
s sTai1 b Itself n Of the p provisions Of this act
OF the treasury Of such CITY. nor ISSUE 81
any evidence Of indebtedness other than
a bond. unless there shall be at the time
debtedness Is issued, sufficient money in
the treasury to the credit Of the particu-
lar fund or account, out Of which the
as other unpaid claims before that us time Mn,s
audited and allowed against such fund
Every evidence of Indebtedness or order
AoSu0u NY oily SUCH CITY contrary to the
provisions of this section shall be null
and void. A
Sec. S. This act shall not be construed
as in any manner superseding, repeating.
amending or qualifying the provisions Of
any home rule charter heretofore adoDted
by any city or village, under the laws Of
this state, and this act shall not in anv
manner apply to any such city or village.
Sec. 6. This act shall take effect and
be, in force from and after it's passage.
Approved March %. 1907.
CHAPTER 6a-s. F. NO. 179.
AN ACT to amend section five, chante,
sixty-four of the General Laws of Min.
nesota for 1905, relating to the publica.
ton of notice by town supervisors.
I Be it enacted by the Legislature of the
State of Minnesota:
Section /. That section five of chapte,
sixty-four of the General Laws of Min.
nesota for 1905 be amended so as to read
as follows:
be authorized to issue its bono as here
inbefore provided, the town supervisors
90 consecutive weeks in g legal news
paper in the county. in which said town
Is situated. and when the aggregate
arnount of such bonds shall exceed the
sum of five thousand dollars, then add
tional notice shall be given by a similar
publication for the same length of time
in a weekly or daily newspaper printed
at the capital of the state, all Of which
said newspapers shall be designated
therefor by resolution Of such town su.
pervisors, duly made and recorded. that
the sale of said bonds at the time and
Mace tn be named in such notice. PrOvid.