The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1909-07-08

funds, including miscellaneous licens-
es, pole taxes and dog taxes, and
money from the sale of real property,
or from any other source whatsoever.
Into the Interest Fund shall be
covered only moneys appropriated
and levied for that purpose.
Into the Sinking Fund shall be cov-
cred moneys levied and appropriated
for that purpose only. .-.. +
Into the library fund shall be COW
cred the library tax.
Into the special assessment funds,
water main, sewer and grading dis
tricts funds shall be covered the spe-
cial assessments DeionglnS Hereto
only. 49,. -. -: -; ri j..
That, a: the end Of each fiscal year,
&bs FUNDS of the city shall be, by the
bDGrA Of city commissioners, com
posed with each other and -equalized
90 az to make the cash in each fund,
at the FIRST of the fiscal year, in the
same ratio and proportion as the ap-
preparations for the several funds for
that year. That is, the surplus in
any one of the said funds, outside of
the special assessment funds, sinking
and interest funds, may be applied to
the payment of liabilities properly
due and owing by other funds, by d.
rect authorization, by the board of
city commissioners, by resolution,
covering the surplus out of any funds,
to cover the deficiency in any other
fund.
That all funds heretofore carried
upon the city books, shall be closed
from and after this date, and all
claims against any of the said funds,
heretofore carried on che said books,
and the whole thereof, shall be fund
ed by the issuance OF funding bonds.
That all old city books, heretofore
used, shall be discussed and closed
and new books opened in their forms
the general scheme for the account
ing of the city funds in this resolu-
ton outlined and set forth.
Moved by LeSueur and seconded by
Hendrickson that the following reso-
luton be adopted. Roll call as fol-
lows: Aldermen voting yes, Ander-
son. Davis, Emerson, HendricksOn,
Hurd, Kelly, Lesueur, Mclaughlin
Reed, Spath, Vandenoever. Absent
Scofield.
| Whereas. it appeafs from the re-
turns of the city assessor of the city
of Minot, on file with the city auditor
that the assessed valuation of the tax
able property of the city of Minot'
for the year next proceeding, is
$1,71S,114.OO. and
Whereas, at an election held in the
city of Minot, on the 18th day OF June
1909, proposition to increase the debt
limit of the city of Minot three per
cent, in addition to the five per cent
allowed by law, was submitted to
vote of the people, and,
! Whereas at meeting OF the board
of commissioners of the city of Minot
on the 14th day of June, 1909, propo-
sition to increase the debt limit OF
the city Of Minot three per cent, in
addition to the five per cent allowed
by law, was submitted to a vote of the
people, ard,
Whereas. at a meerIng of the board
of commissioners of the city of MI
not held on the 21st day of June, 1909,
the result of said election was duly
canvassed, and it was declared by the
said board of commissioners, there
were 272 ballots cast in favor OF and
100 ballots cast against, an increase
of the debt limit of the city Of Mlnot,
three per cent in addition to the five
per cent allowed by law, and that
the debt limit of the city of Minot was
increased to eight per cent of the as
sessed valuation of the taxable prop
erty Of the city of MinOt, and,
Whereas, it appears from the books
and accounts of the city treasurer OF
the city of Minot, that the total bond
ed and floating Indebtedness OF the
city of Minot does not at present ex-
coed the sum of $112,664.16, and,
Whereas, it appears from the books
and accounts of the said city treasur-
er, that there are now outstanding
and unpaid, not to exceed $96.6664.16'
of legal and valid warrants issued by
the city of Minot uron the treasurer
of said city all Of which are due and
payable and are drawing interest at
the rate of seven per cent per annun
from date, and,
Whereas, it appears from the books
and accounts of said city treasurer
that the city of Minot has upward OF
$33, 100000 in the city treasury avail