Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1913-08-29
CHAPTER s.
CITY FINANCES

Sec. 50. All disbursements, except
the principal dar+ and interest on
ness. shall be made u only i''>''e upon
the order of the Manager, countersigned
by the president of the council. and have
the The s seal Of f., the city ATTACHED: duly
Gil and every such resolution and order
shall specify the purpose for which the
disbursement is made and the fund out
order shall be payable to the order Of
the person in whose favor it is drawn
But no such order shall be issued until
there is money sufficient to pay the
which it is to be paid: together with ali
then outstanding orders against such
fund. Any order or resolution for the
vision Of this section shall be void. and
any officer of the city violating any
provision Of this SECTION, shall, be per.
such payment if any such payment is
made contrary to the provisions hereof
No contract repairing the payment of
mo bX the city shall be valid unless
same is to be paid is specified in such
contract.
Sec: Co. There shall be- maintained in
for the support of which the council may
levy an annual tax:
1. An interest fund for which there
shall be levied sum sufficient for the
payment of the interest to become due
during the next fiscal year upon bonds
and debts of the city. and out of this
fund such ,, interest only shall be paid !.
the public library. 1nto this fnnd! s1,oon
support of such library.
payment when due of any bonus or any
other funded debt of the city.
4 a poor fund for the acquisition and
!rr0nn0C ho11S
similar places Of public recreation, con-
venience, and musical entertainments
omnsements and warehouses;. workfarns.
OF refuge and similar institutions for +''~
well being of the unfort,lnates and de-
1e1 Mt Of Of the city Into this fund
source received. including gifts and de-
vises. to be used for any such purposes
3 A permanent Improvement fund for
e fne payment ;n ct Of the cost Of all real prom
ment for which is not otherwise pro-
vided for out of other funds and for
the payment se 1NHt Of such proportion Of the
cost OF local Improvements as shall de-
6. 4 public utility fund for tho
acquisition. construction, Support, MAIN
utility owned or operated by the citv.
including the payment Of the interest on
any bonds or other Indebtedness which
may he lien upon such utility. Tro,..,
shall he paid into this fund al, moneys
derived from the sale of bonds issued IN
account of any utility. and from tho
oneration of such utility. and from the
sale of any property acquired for or
used in connection with any such utility.
There shall be naid out Of this f'1nd ~
cost of the purchase. construction. ex-
tention. operation. maintenance and re-
nair of such utility including the in
terest upon all bonds OF. other indebted .
ness which nav be . lion UPON <rch
utility: ANY surplus in said fund NAV he
ny
certificates of Indebtedness issued against
said ntilitv, and for the payment ~
such bonds or other Indebtedness unon
their maturity. Separate accounts shall be
kent for each such utility operated
seDarately
I. A revenue furd FOR, the support Of
such other funds and for the pavn1ent of
such expenses of the civ as the council,
mav deem proper into Ibis fund shah he
paid al MONEYS not herein provided to
he paid into aru3 nther fund Ss S5
g.. A permanent Improvement revolving
fund, which shah not be supported by
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