Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1910-03-02

We propose that section ninety i've
of the said Charter of said City be
amended to read as follows:
POWER TO BORROW MONEY
OR INCUR DEBT :.
"Sec. 95. The City of Willmar may
issue Bonds by ordinance as follows:
l. For the purpose of constructing,
regulating, maintaining, extending,
enlarging or improving suitable wa er
or light pl ants, or either Of them or
for the purpose of acquiring or pay ing
for any real estate or other property
needed in connection with any such
plant.
2. For the purpose of raising not
to exceed fifteen thousand dollars for
a permanent Improvement revolving
fund provided for in this charter, in
order to provide money for any con-
templated local improvements, and
such bonds shall constitute a first lien
upon all such local improvements, and
upon the property benefited thereby
and to be assessed therefor.
) For the purpose of paying, fund
ing or refunding any bonded indebted
ness of the City or the interest thereon,
existing at the time this charter goes
into effect, or created at any time in
any manner by said charter authorized.
4. For the purpose of constructing
main sewers, septic tanks, fltrating
plants, and other appurtenances per-
tanning to a sewer system. Such or
dinance for the issuance of bonds may
provide that the same shall be general
obligations of the City or that they
shall not be general obligations, but
shall be payable out of any assessed
taxes, assessments, funds or liens held
by the City, or may limit the City's
liability thereon in any other manner
or shall guarantee that the City shall
pay for the same, provided that the
bonds so issued under subdivision
two, above mentioned, shall always be
general obligations of the City.
The City shall have authority to
protect itself by acquiring title to any
property subject to special assessment
tor local improvements, and shall have
authority by ordinance to assign and
convey any property so acquired,
whether proceedings to acquire such
title have been had prior to the time
of the going into effect of this charter
or thereafter, and shall have the power
in like manner to assign any lien or
right-of action, held by the City on
acc unit of or arising out of any such
assessment, as security for the pay
ment OF any bonds, certificates of in.
d. b'ness or other evidence of indeb-
tedness mentioned in this section, or
to provide that such bonds, certifi-
Gates or other evidence of indebted
ness mentioned herein, may be collec
ted out OF any such property. liens or
rights of action.
Whenever the Council shall pass any
ordinance to issue bonds pursuant to
the provision of subdivisions one, two
and four of this section, such ordi-
nance shall provide for the submission
to the legal voters of the City, at some
general or special election to be called
by the Council for that purpose, the
proposition for issuing said bonds, to
an amount deemed by said Council
advisable Such election, whether
general or special, shall be conducted
in the same manner and with the same
formalities as special and general
elections are conducted under the gen
eral laws of this State. -. -s= 5.s
The ballot to be voted at such cleo:
ton shall read substantially as fol.