Echo de l'ouest. [volume] (Minneapolis, Minn.) 1883-1929, 1909-04-30

( aside and retained by him out of the
fees received by him after this act snail
or all of which said fund may be used
and employed by him In meeting the ex-
penses aforesaid, but he shall render
ties Of any such county of his use of the
said fund and r%eplenish the same upon
the allowance and payment of his CLAIMS
for the said 10 expenses IRON m thn fees ee ', col.
lected by him in lieu OF which ms sal9
salary has SO h~ereinbefore been fixed and
allowed into the county treasury yroct and
be in force from and after us passage.
Approved April %. 1909.
CHAPTER 362-H. F. NO. 900.
AN ACT relating to the securing of pub
lie moneys by state. county n city
repositories.
Be It enacted by the Legislature of the
sseettii a. l.. Whenever any bank au-
thorized to transact a banking business
in this state shall be designated as a de-
~pository Of state, county or city moneys
the corporate or personal surety bond
provided by law to secure such deposit,
furnish or deposit with the state, county
or city treasurer, as the case hond nlay state ate
bonds Of this or any other state, ponus
Of any county. school district, city. town
or village OF this state, and county dram,
axe JULIUS Ol lulS VI llS .OT
kinds in which the permanent school
fund of the state may be invested, in an
amount equal to the maximum amount OF
money at IL time to be deposited WIN
Provided, that such securities must
have a market value Of at least par ana
shall be approved by the board n, OF as-
county moneys, and by the common
council or city council If given to secure
city moneys and snail De De &c dcco an9 mat
such depository SO depositing ana al. ag7
signing. such securities shall n VIII
safely keep and pay over to the treas IS
exchange. all moneys deposited therein
at any time while such bonds or securi-
ties shall be 80 deposited, with interest
f preVi9eo At that the in re case a 81 defa aRfn on the the
part Of such depository. the board OF de,
post. county board. or common council
or city council, as the case may be,
sell such securities, or so much thereof
as may be necessary to realize the fun
amount Of the funds so deposited in such
on and t; pay the balance Or oyerplus,
IL any. to the depository entitled thereto.
Authority is given to the treasurer to
return said securities to the depository
created IS Terminated. and to exchange
upon application, any other securities for
the securities so deposited, OF equal value
m mGd Of to any bye d DE- 5gf glasses "ere'" per-
The interest On such bonds or secur!-
ties so deposited and furnished shall.
when paid. be turned over to the bank
80 depositing the same. so long as 1t is
It is further provided that If the sure
ty on the bond Of any depository Of state,
county Go NJ yar or city m4 IN ao Is bu q sare'G IN c this
state, said bond shall be in a penal sum
to the amount designated by the board
Of deposit as the limit of deposits in said
bank.
Sec. 2: All acts or parts Of acts incon-
sistent herewith are hereby repealed.
Sec. 3. This act shall take effect and
Approved April %. 1903.
CHAPTER s63-H. F. NO. 7o3.
AN ACT authorizing the village council
or other governing body Of Yh1 a1Ins IN y
population of two hundred and seventy,
five thousand to construct sewers and
issue bonds for the payment of the
same.
Be it enacted by the Legislature Of the
State Of Minnesota:
of health shall deem necessary FOR rn, the
county in the State of Minnesota now or
hereafter having a population of "
Etin0rG0 ana S0VoIlIy-llNe llouool vi
over, according to the then last proceed,
ing official national or state census. and
shall so recommend to the village coun-
ell; or other , g1xe IN eo,, body or OF o IHen
governing body, may by ordinance passed
by the affirmative vote Of at least three
ffths Of all members thereof. and are
construct such sewers and appurtenances
thereto as the state board of health may
recommend: to assess the property spe-
further authority may issue and sell
bonds for the payment of the same; pro-
vided. hi no contract for the %construcs-
ti9n Of the . same; or any any b part mo 1eef tSan
one hundred dollars. shall be entered E d
published for bids o n the same. to be
three successive weeks. and the village
council or other governing body, shall
have authority to prescribe such terms
and conditions relative to IT the IN mda KIN OF
to the security which each bidder shall
be required to deposit with such, bid.
as such council or other governing body;
they shall have authority to reject any
and all bids.
Sec. 2. The bonds Of any such village,
issued pursuant to the terms OF thus act,
time as determined and authorized by
OF dinance or resolution adopted by the
affirmative vote of at least three-fifths
Gil, or other governing body of such vii
lage, and at such place or places and IN
such installments as may be provided IN
bear interest at not to exceed five per
cent per annum. and no such bonds shall
be issued so as to make the aggregate of
such bonds for which sueh village ma a.
sum Of fifteen mills for each dollar Of
the assessed valuation Of the taxable
property in such village. Such bonds
shall be sealed with the seal of the vii
lage issuing them. and be signed by the
president and the village recorder. and
such bonds shall not be sold for less
the highest responsible bidder after no
tlce published once each week for three
successive weeks in some newspaper pub
lished in the county in which the village
Sec. 3. None of the proceeds of any
of the bonds issued pursuant to the pro
than the purposes hereinbefore specified.
which purpose shall be distinctly set
forth in the ordinance or resolution au-
Sec. 4. None of the bonds Of any such
provisions Of this act. shall be deemed
or or t saeh TO vill Ra e P %ithi Gf the the 'p pnryie% of
any law limiting the amount of the
bonded or other indebtedness Of any such
village. and the bonds authorized by this
act may be issued notwithstan ding and
without regard to my limitation Of the
indebtedness Of such village. Neverthe-
less. the full faith and credit Of every
such village is pledged to the full pay
ment Of all such bonds and interest.
Sec. 5. Such village council or other
governing body shall have the power and
authority to assess the property spe-
cially benefited by the construction
or extending of such sewer, for the
cost Of the same or any portion