Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1913-05-09
CHAPTER SIS. F. No. 1902.
CHAPTER 2-s. F. No. 7e.

proceedings Of any city of, the. state Of
to the purchase Of any electric light and
water plant, already in existence in such
on, ana to
any such city to complete any proceedings
or tut @ the sas Of
bonds, and to legalize such bonds when SO
Be it enacted by the Legislature Of the State
of Minnesota: ,-.T . -.
Section l.. In all cases where the city coun-
ever organized, shall have heretofore submitted
to the voters of such city; at general or
pe. ss tt fs at us Oh e s
chase any electric light and water plant then
in existence in such city and supply such city
vided such plant could be acquired at rea-
sonable price; ana the voter. Of such city, at
a two-thirds majority in favor Of such propo-
sition: and sach city council OF any such city
81
chase PRICE BY ct or :nn
ans sa q sos 'sa nat
Of issuing the bonds Of such city to an amount
not exceeding such agreed upon purchase price,
t to III s1s " plant vote voter see
BY moro than . two-thirds majority In favor
Of the issuance of such bonds; the actions TAX
By o t ~ sed to
elections and the determination Of such pur-
chase price, such elections and tho results
by said city council and other city officials
such electric light and water plant and to the
issuance Of such bonds to pay part Of the
aDa confirmed as BEING n sWu
binding acts Of such city and the peoplsnthere-
of to the same extent and nd with the SAM = force
ceedings which have been so taken had been
expressly authorized by law prior to the hap
vidcd that this net shall not apply to any
suit now pending involving the legality Of
such bonds, acts and pfoce snI So, -.
shall have heretofore declared In favor. Of is
above set forth. such city and the city council
thereof is hereby authorized and empowered.
members Of such city council to issue the
bonds Of said city in an apou mt to DC de-
b. sa@ city
said election and said city council may dis
pose of the same as hereinafter rel Proyided and
the purposes authorized by such election bur
Sec 3. Such bonds shall be OF such de-
nc.nnetion as the city ccuncfl~may determine
and shall he payable at such place and at
fsh thr fs q ISSUE mo ss
the city council may determine; ). they shall be
made payable to bearer or to the order Of the
livercd as such city may deem best. and shall
draw iutercs. payable semi annually. at such
.lacc as the city council may determine at al
tic not exceeding five per cent 90 per an.
Fl, to. be- represented BIZ coupons attacNpdI
said bonds. said bonds and coupons sl,sll
signed BIZ the mayor and Infested by thej
Jerk. or similar officer of such city. and the
.,rvAratc seal of the city shall be imprinted
pnn said bonds. sF$H III fsis: t$ss
secF4 The city council 81 any such city
all have authority by a majority vote Of all
sIr,culbers to dispose OF such bonds in such
,apEer es in tho Judgment Of said city coun-
II shall best subacrve the Interest Of the city:
atEit shall! not negotiate the sals, dispose lof,
orssell said bonds, nor any OF them. at lessl
,,,S their par value and accrued interest. md
.H1er said bonds nor the proceeds of the sale
,rYeof shall bef2used for any other purpose
iJh that authorized by the vote of The peo.
,said resolution ct said council authoFising
sec.s]s The principal snd interest Of any
i1ci, honds so issued Is hereby dcclaredNto be
cs1irsts Iic, upon &any such electric light and
-.ater plant. ana tl,e faith and credit of s,lci,
ifyFfisSuinS the same IS hereby irrevocably
ledged TO the payment thereof s. my pro-
iSfof1 OF the laws OF this state. Of any
harfcr OF any such city framed and ad0pted
!nIer Section SO Of Article 81 q the State