Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1913-05-09
CHAPTER 172- T.. No. go.


to said School or to the state, ana 81
s :ss n q !; Iii ns I
:, Wherss. said CITY q !.r,b.urt !. eestrea.
Whereas it seems to b for he bsst interest
OF the State to sell and dispose Of said land.
b i enacted 81 n. 1eEi.,.tus, q the STATE
Section /. That upon the payment into
Of the sum OF Two Hundred Dollars. the Gov
instructed to execute and acknowledge in be-
.aS c *. q .S . q n
and is hereby authorized to deliver ssid deed
is hereby authorized and empowered to ap-
p PEP Tor such payment cut Of any avail.
ety. the :.d n sum an' Of 1y 4 pos ss
and Il authorized and empowered to ACCEPT
ana receive such deed: a..
CHAPTER r7s-H. y. Ma TO. :
An ACT TO amend Section 70 Of chapter
Of the General Law Of Ainnesota for 1895,
e ams9 en- By Chapter go Of The General
control Of City finances ana the issuance
Be II enacted BY tie Legislature Of the STATE
;, section 1TT7n.t .es,sn. 12s .t chapter
Of Minnesota for 1911, b. ana e tho same here
BY ts amended 10 that the Same shall read
.sec: i2e-rns city council shan control
the property and finances Of the city, and
snail have The power to Appropriate money
provided to PROVIDE i Tor the psyment Of ts
debts ana expenses: to borrow money on its
credit for city purposes, and e issue bonds
maturing bonds or to consolidate or fund tho
Provided. that the total indebtedness Of
shall not thereby Be made to e1oeed ays
property Of such taxation. except in cities
where such limit has already been reached:
vim cause the said limit to Be reached pro
9 fo the esssae ssa Of main.
volvlns FUND shah not b considered az .
purposes Of this seetion. Provided. farthe ae
ts ?, to e
Ave - per cent q the total value luz, Of f't ta4
preceding Of CITY, fee ts to ss
Of taxation. when such city shall accept the
provisions sion. Of this act. the city council Of
the floating indebtedness then existing Of such
city. and any certificates Of Indebtedness Of
which bonds shall be used solely for the
purpose Of paying such Indebtedness; and
thereafter the city council Of such city shall
cepf 90 hereinafter provided. and except for
the purposes Of paying maturing bonds Of
city; except a. hereinafter provided, shall
be reduced to an amount less than Ave
f cent e Of h s t sf the TIA sf
preceding assessment for the purposes Of tax
alton; and thereafter the city council Of such
provisions hereof and within tho limit here
in first prescribed
esSsss. e. that g s ad sss:
ness oe not to exceed ten per cent Of the
total value Of the taxable property Of such
in the e same manner as above provided for
the incurring Indebtedness not to exceed i've
Provided, further. that any ordinance or
resolution authorizing the issuance Of bonds
that would Increase the bonded Indebtedness to
sa e s ta4ass Of the
city, shall DO submitted for ratification to
the electors Of the city Ct the next regular
used at which shall be prescribed by the
voting upon such question shall vote in favor
Of the issuance Of such bonds, the said or
q or III. as ana
come null ana void. = =.
Provided further. however. that tho city
existing existing under the provisions Of Chapter 5
Of the general laws Of Minnesota for 1895
Which i 90 %ths
ss the Vote Of tho saa
s s9d tae 81 q e.
said city voting on said question ., at gen;
| NStv
coupon funding bonds Of said city, for the
q il outstanding noatinT indebtedness. due
Of to become due within SIX months from the
TSs term an. .Ficating indebtedness" - used
herein shall be construed to include all debts
S ass de Ss dsy on
outstanding warrants or certificates Of IN
debtediiess and interest charges.
p peer interest," at rate not to Exceed six per
cent per annum, principal ana interest pay.
fixed BY the City Council, such bonds to bs
Of such denominations a. the council may,
og tsn pss veu. the highest
der after notice published ct least once In
foF t IN x. oca,
per Of such city. Such bonds shall not DO
limited BY the restriction hereinbefore pro
Provided, further: that any bond. o. other
certificates Of indebtedness issued and sold.
issued :as ss by sty for
iareement or improvement Of a water or
light plant, or local telephone exchanEs
ton don az. the Indebtedness which such city
Z e th .d :sns Under
and sel bond. s other eeEtieatss Of ,ndebt
than thirty years from date Of issue. bearing