St. Paul tidende. [volume] (St. Paul, Minn.) 1902-1928, 1913-05-02
plants. or other light and power plants for
he Use. and benefit Of the inhabitants Of any

plants. or other light and power plants for
he use. and beneht Of the inhabitants Of any
Fifth: City hospital bonds. which may be
issued for the purpose Of erecting, maintain-
Sixth: School bonds. which may be issued
1 ,or the pu 'nnrov Of constructing napsiI;nS ere sSznisb, ae-
equipping and maintaining school houses.
Seventh: General fund bonds. which E1
e BE- 1ss s;'ed n for the .,,l purpose IS of providing oyS aefr a gen m
contingent expenses, Of whatever character,
properly arising out of municipal matters, and
not otherwise. and which shall also include tho
payment Of all outstanding debts and bonds
which are due or to become due. or are rs-
Section 2. None Of such bonds above do.
scribed shall be issued whereby the aggregate
bonded Indebtedness Of the City, excluding any
Of the assessed valuation 81 the taxable AK prop.
the purpose of determining this limitation
bonds issued for the purpose Of acquiring.
I inn Tater ToM Improving ov 3!:b operating n1as+ or I pureh az
be Included. All sums realized from the sale
Of city bonds shall be applied to the purpose
such purpose shall be distinctly stated in the
resolution or ordinance authorizing their issue.
,sl No bonds ION sns au tho. ed, by IT. this act shall ,aa. be
shall have been first authorized by a three
hfths vote of the legal voters Of the city
the Issuance of such bonds shall be submitted
to the electors Of the city proposing to issue
tne,e5 same ana at a general or special election a,n.
scribed for municipal elections in such city,
and the notices of such election shall contain
a statement of the amounts and purposes for
which such bonds are proposed to be issued.
with the date Of their maturity, and tho rate
Of All interest e%Isct,o %n'f n1S,y thsy 5 fo1 in De t5i, act NAV
be called by resolution in writing, Of the
common council or corresponding body. passed
tlnctly state the PURPOSE for which such bonds
are proposed to be issued, and the question to
DC submitted to the people.
The ballot to be voted at all elections under
this act may read as follows:
Shall the proposed issuance Of bonds in tho
pose OF ..... bs e authorized"
Yes---
question at such election shall be in favor
Of Issuing the kind and amount Of bonds
favor thereof. shall through its proper Off
GERS: without further act. be authorized to
sell and negotiate the same.
The votes cast at such election shall ba
in other municipal elections and tho result
certified to the City Clerk, recorder or s1milaY'
OFFICER sba BY b the t6 ean Gafy e hero fSe Common ou,n.
corresponding thereto, to expend tho moneys
ance with nh9" the e directions aI,e i Q $40 Of tn the voters 70 az
Sec. 3. All bonds authorized by this act
i oidll 1uIl " " Ai0A sAAA y
years from the date Of their issuance. bear
ing interest at not more than 1--WE ~ per cent
per annum, principal and interest payable at
such time and place as may be fixed by tho
common council, or corresponding body, OF any
city: said bonds shall be sealed with the seal
Mayor and attested by the Clerk OF recorder
or similar officer. and shall be sold at not
less than par value and accrued interest, to
the highest responsible bidder, after notice
published once in each week, for three sue
tcessive weeks, in a daily paper, II one there
be, If not, then in q weekly paper. In the
City where such bonds are to b issued. and
of st. Paul, in the State Of Minnesota.
Sec. 4. Any city In the State OF Mime
sofa, heretofore Incorporated, may become sub
ject to the provisions Of this act, and the
City Council Of such city. or corresponding
body in a commission form OF government,
may effect by a resolution duly passed by a
majority Of all the members elect OF such
council or body. and q copy of such resolu-
ton, duly certified, accompanied by q state.
ment of the vote thereon, with the names or
the members voting for o5o and q against sgaa f,s sa'd II or a.
office of the Secretary Of State and such city
shall thenceforth be deemed subject to the
provisions Of this act, and shall be governed,
controlled and regulated by and under the
provisions Of this act: and the city ofncers
powers conferred therein, and all Courts OF
the State take judicial notice Of tho fact
Of such city becoming subject to the pro
visions Of this act: and all laws IN such city
in conflict with this act shall thereupon bo
no longer applicable, but all laws or parts
of laws not inconsistent with the provisions
of this act, shall continue in force the same
,s If such City had not become subject 10
the provisions Of this act. o..
Approved April 10, 1918.