The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1909-04-30


sue. TO Issue its bond in the aggregate
amount hereinafter mentioned to be de-
Suermlned as hereinafter set forth, and 70
dispose of the same as hereinafter pro-
xloed and to use the proceeds thereof Ior
tne purpose Of acquiring. constructing
extending enlarging. improving or pur,
power plants, or of acquiring or purchas-
ing lands or rights for. the erection; es-
adjustment and maintenance OF dams
and reservoirs for the purpose OF furnish
ing water. light or power to the public,
or for either or all of such purposes. but
In each such case the said city may either
price, not exceeding its fair value. and
on such terms as may be agreed upon
between such city and the owner there
or, or If such arrangement as TO price
and terms cannot be agreed upon. may
| thereof.
The procedure in event of condemna-
ton shall be that prescribed by Chapter
Al. Revised Laws, 1905. and the purchase
price of said property as SO fixed by
agreement or condemnation may be paid
out Of the proceeds Of the bonds by this
act authorized to be issued and the bal,
ance of the proceeds. IL any, may be used
provement of such plant or property so
sec q Whenever the city council of
meeting thereof ssrec determine by resolution
duly adonted, by two-thirds vote OF all
members thereof entered unon the min
utes OF the proceedings that 1t is so neces-
nation or both. waterworks, nght OF
power plants already In existence; or 70
construct. enlarge. extend, estaollsn OF
| improve municipal water. light or now
er plant, or to acquire as aforesaid lands
or shore or flowaGe rights along. by OF
near any lake or river for the purpose o3s
ing reservoirs or dams for water or power
purposes, or either or all thereof. as the
case may be, and that the FUNDS IN tne
l for such purposes, and that it Is neces-
sary to issue the bonds of such city IN an
j amount to be determined by such city
council in such resolution. not exceeolns
cent? of the assessed valuation OF the
I taxable property of such city accorolns
such city council may cause the PROPOSE
/ ton of issuing such bonds. in such an
amount, to be submitted to the electors
sad e Hty at TO any Se hsd
5! Such resolution shall fix the time OF
said voting, If the same be submitted as
special election which s tha 9 pc not nf me
adoption of said resolution. and said spe-
cial election shall be conducted as pro-
vided by law for charter elections, ,,,,,
said proposition is to be submitted;
whether general. charter or special. shall!
contain a statement Of the total amount
4 of the principal Of said bonds. and the
Il purposes to which it is proposed to put
Sec. 8. In voting upon, said PROPOSE.
or printed, or partly written and partly
BR rndase !h Yes Sos S1 each eiectOr
eo tss mark Dn such thus * in ons Of ths
i spaces left for that purpose. upon the
margin of the ballot used.
The elector desiring to vote IN Iav0 .,t
thus CSl in the. place left opposite the
word yes" and the elector desiring to
against the issuing Ct BOMBS f6s S Sha
I left opposite the word NO, and no pal
lot shall be counted on said proposltlon
except those having said cross marx e.
opposite ysa i ..N one % only. of said w0r0s
The voting shall be conducted in the
same manner as provided by law for the
counted, returned and canvassed in the
same manner as provided by law TOT tne
election Of city officers. and If upon such
canvass It appears that a;a m nr3nnosyt,o on
shall be in favor of the issuing OF such
bonds the same may. thereafter be is
sued in accordance with the provisions OF
Sec. 4. whenever three-fifths of the
Il electors of any such city at any such
election shall declare In favor er OF lSsI
1 such city, and the city council thereon,
is hereby authorized and empowered py
an affirmative vote of two-thirds OF tne
/ the bonds of said city in an amount to
be determined by said city council, not
exceeding in the aggregate the amoulA
ed by the electors at said election. and
4 such city council may dispose Of the
1 same as hereinafter provided. ana may
use the same and the process saer reei
olution provided for In section two ~
| of this act shall specify. but not other
Sec. 5. Such bonds shall be Of such
denomination as the city council shall
determine, shall be payable at such
place as the city council may des s1gI re-
| at such times not less than ten (1O) nor
more than thirty 600 years. from date
of issue; shall be made payable to bear
er, or to the order of the person or cor
cred erd as such city may deem best. and
shall draw interest payable semi-annual-
ly at such place as the city counch may
determine at a rate not exeesuimg 1, . per h1,
coupons attached to said bonds.
Said bonds and coupons snail pc
signed by the mayor ana aItested uy ,nd
the corporate seal Of the city shaA De
Impressed upon said bonds.
Sec. 6. The city council OF any sufn
| CITY shall have authority by majority
vote of all members to dispose OF such
bonds in such manner as In the 1udg-
ment of said city council shall best sup.
ssa n ane negotiate the sale dispose
of. nor sell said bonds. nor any or them'
| at less than their par value ana &C
| crued interest, either for casn or IoI
| said bonds nor the proceeds Of the sale
thereof shall be used for any other pur-
pose than specified in said re- hereof c and
such purpose shall be again dlstinctiy
stated in said resolution OF SAID councll
| authorizing the issuance thereof.
| Sec. z The principal and interest OF
any such bonds SO issued Is hereoy oe,
cIared to be first lien upon the municipal
water works, light or power plants. dams
ar reservoirs. respectively constructed or
required by means OF said ponds or tu n,s
proceeds of the sale Thereon ana sne la,5.
ia hereby irrevocably pledged to the pay
ment thereof, any provision OF the law
of this state whether general or special
the eon 4p;r aet shall take Effect and
he in force from and after its passage.
| Approved April Il, fSV5.
CHAPTER sI s2tmH county FL No boards saS to
pay one-half the cost Of certain bridges
heretofore built.
BE it enacted by the Legislature or the
State Of Minnesota
! the provisions of chapter 423,, General
| Laws for 1901 county board mas upon
petition duly filed heretofore approprfat-
Of the cost tb OF fne Of the
town village or city wherein such bridge
is located has built such bridge without
the letting of contract therefor, and
ndittee appointed by the county board.
it shall be lawful for the. county board
TO cause to be paid from the proper fund
of said county one-half of the cost Of the
construction OF sac nriu asnnrn u bv