St. Paul tidende. [volume] (St. Paul, Minn.) 1902-1928, 1907-05-10
CHAPTER 2ys-H. 3. NO. 87y.

nlnety-fve qS05), and entitled, A
act g I, to provide for the incorporation. or
Be 1t enacted by the Legislature Of the
State Of Minnesota:
Section I. That section one hundred
the General laws Of eI4 eishte s5nf hundred
nfnety-five QS85) be amended so as to
Section 12s; city Council to Control
eouncil shall control the property and
power to appropriate money for city pur-
ple 1ses only, except as hereinafter pro
aepts expenses; to borrow money on
us credit for city purposes, and to Issue
ponos therefor, as herein provided; to
means for paying maturing bonds or to
Provided, that the total Indebtedness Of
spcn city, except as hereinafter provided.
% per cent Of the total value Of the tax
able property OF such city according to
tne last preceding assessment for pur-
' g,7eS , OF taxation; except in cities where
expenditures have already been author
ized by vote Of the people Of said city,
which will cause the said limit to be
tihcates Of Indebtedness issued for the
creation n maintenance Of the perma-
mem Improvement revolving fund shall
d Deb ed eonsi of tSe as e,t a G sor IN Of 6, the e in
OF this section. Provided further, how
ever, that in case Of any such city now
organized or territory hereafter to be or
at the time Of the passage Of this act
exceeds five % per cent Of the total
value Of the taxable property Of said
city, according to the last preceding as
sessrnent for of taxation, when
u city shall accept the provisions Of
this act. the city council Of such city may
issue 'nn ponds sufficient to pay all the float
city, cit 'a and any ee%rti hssn sx Of + inGeS Sf zasa
of such city then outstanding, the pro-
ceeds of which bonds shall be used solely
Tor the purpose Of paying such Indebted
such city shall not be authorized to is
sue any bonds, except as hereinafter pro-
v!ided. and except for the purpose Of pay
ing maturing bonds Of said city, until the
hereinafter provided, shall be reduced to
an amount less than five ~ per cent Of
the total value of the taxable property of
such city, according to the last preceding
and thereafter the city council Of such
city may issue bonds in accordance with
the provisions hereof and within the linn
It's herein first prescribed.
Provided further, that any city having
q population of less than 5000, an IN
debtedness Of not to exceed ten per cent
Oft Of the Il, t total o value 20 Of the taxable prop
NV ~ 0NSA WY AA"J NC l NY IAlO
issuing Of bonds in the same manner as
above provided for the mourning Of in
debtedness not to exceed five () per
cent.
Provided further, that any ordinance or
resolution authorizing the issuance OF
bonds that would increase the bonded in
debtedness to an amount exceeding five
g, per cent of the total value Of the tax
able property of the city, shall be sub
mitted for ratification to the electors Of
the city at h next regular city election,
purpose, the form of ballot to be used at
which shall be prescribed by the city
council. If two-thirds Of all the electors
voting upon such question shall vote In
said ordinance or resolution shall take eff
feet n be in force; otherwise, the same
shall become null and void.
other certificates of Indebtedness Issued
and sold, or to be issued and sold, by
any city for the. purchase, construction,
maintenance, enlargement or improve
in. such city, shall not be considered a
portion Of the indebtedness which such
city Is in this section forbidden to make,
and n city organized and existing I'M
powered to issue and sell bonds or other
certificates of Indebtedness, payable not
less than ten nor. more than thirty years
from date of issue. bearing interest not
construction, maintenance, enlargement
or improvement Of a water and light
plant, or either, irrespective Of the bond
limitations ~hereinbefore or hereinafter
prescribed.
Such bonds shall be authorized, issued,
negotiated and sold in the same manner
nance or resolution authorizing such
bonds shall require an Affirmative vote of
two-thirds Of all members Of the council
and shall h be ratified by an affima-
| t4r,n ry14o - $uyN ~ Sr3o ~ %hn 'o1aoforc
voting thereon at a regular city election
or at a special election called for that
purpose. The principal and interest rep
resented by said bonds shall be- a first
! either, as the case may be, purchased
constructed or improved by the proceeds
Of said bonds.
Provided further. hat the city council
by a majority vote thereof nay issue
such bonds in place Of. OF to supply
means for, paying maturing bonds which
have been issued for either of said pur-
poses. or to consolidate or fund the same.
and If any plant or plants acquired by
the city by purchase have outstanding
bonds which by their terms were not due
has assumed said bonds or has purchased
| city council may at any time exchange
the bonds Of said city for such out
or any part thereof, the bonds so ex.
changed not to bear any greater rate of
interest or to be greater in amount than
the rate of interest Of he amount Of the
par value of such outstanding bonds for
which they are exchanged, and said
bonds so issued for the purpose afore-
| said, or either of them. shall not be
deemed a part Of the total indebtedness
Of said city, which said city is herefnbe-
| fore forbidden to make to exceed five per
| cent Of the total value Of the taxable
property In such city, according to the
last preceding assessment for the pur-
noses Of taxation.
Provided further, that the city council
| shall set aside annually such portion Of
the gross income from the water and
| light works. or either, Of the city as they
| shan determine to create a sinking fund
/ for the payment of said water n light
| bonds, or either, as they become due.
Approved April 18, 1907.
CHAPTER 23e-H. F. NO. 1893.
AN ACT to amend section 1875 of the
Revised Laws 1905, relating to the
dairy and food department.
Be it enacted by the Legislature of the
State Of Minnesota:
1910 , nVoc-