St. Paul tidende. [volume] (St. Paul, Minn.) 1902-1928, 1913-05-02
CHAPTER soo-H. F. No. 1858.

CHAPTER 3OO-H. F. No. 1858.
AN ACT authorizing certain cities Of the arst'
class to issue bonds for the purposes Of en-
1 tbaf hsve subp ase 3ennd ;n and repairing sewers
Be 1t enacted by the Legislature OF the State
of Minnesota:
governed by a home rule charter is hereby
authorized to issue and sell its bonds to an
the proceeds whereof Shall be used for defray..
Ing, me L e. cost ste Of charging, supplementing and
city that have been found inadequate, and Tor
Sec: .: sald bonds shall! By issued only in
vote of the City Council or, other governing
body of said city. and the faith and credit Of
Of and ne the inai interest t est' thereon 20 ."t sp psSna Council eier or
other governing body shall include in the tax
levy OF each year an amount sufficient to pay
sinking fund Of such city. II there be one.
will be pledged to their redemption. at natu-
Sec: 8. Bonds issued under this act shall
run for a term not longer than thirty years
and bear interest at a rate not higher than
nually.. The place Of payment Of principal and
interest and the denomination Of said bonds
f their issue, Sc h1 and e syl tne an 5s'o Of them a may b. 'g
the form Of coupon bonds or of registered GER
tifcates, so-called. as the purchasers may
prefer. !
Sec. 4. All bonds or certificates 10 issued
shall be signed by the mayor, attested by the
freX sie Of sa aad city, iegne end Be sealed ey tR With dat{ the eo% eity
seal; except that the signatures to the coupons
attached thereto. II any. may be autographed.
than e5 per cent Of their par value and &C.
crued interest. or to any but the highest re-
sponsible bidder therefor.
Sec. s. This act shall not apply to, any city
whose inhabitants have adopted a charter pur-
suant to Section SO. Article 4. Of the state
Approved April IL, 1918.
CHAPTER so1-H. F. No.. se2.
AN s%e, AGT le g sanf;a the f for tSs 'g,1 and AN a.
sale Of real estate and tho records thereof,
Tas no+ the Se.n mortgage orig t g,,o tag :. On n. such 9chac contracts is
Be- It Enacted by tn. Legislature Of the
tract for the purchase or sale of real estate
to be foreelosed or cancelled. and such fore.
closure or cancellation is defective. by reason
Of Of . the fact that ~. prior thereto ns,s nc ,m,cartgage
tract, such foreclosure or cancellation and all
p TscerS Ipsyed IN :; Son anS HS,,1 th snys hs. and m. the
are hereby legalized and made as valid and
%effectual to all intents and purposes. and of
the purpose Of notice, evidence, validity, fore
closure, cancellation" or otherwise as II such
mortgage registration tax had been paid prior
%tration tax on said contract be paid in fun
within Six months after the passage Of this
|, SEQ. 2. Any person, persons, co-partnership
or corporation, as vendee, holding any con-
tract for the purchase or sale Of real estate,
which said contract has heretofore been fore.
closed or cancelled or attempted to be fore
closed or cancelled, and the mortgage regis
%tration tax was not paid. said person, per.
have: thirty days from and after tho passage sage
have under and by virtue of said contract, or
be forever barred from asserting Same.
Approved April 15. 1913.
CHAPTER 3o2-H. F. No. ees.
AN ACT to amend section so4e revised laws
Of 1905. as amended by chapter 1874, Gener-
and loan associations.
Be it enacted by tho Legislature Of the State
Section i: That Section so4e Revised Laws
Of 19o5 :, as 7aa amended nd aa BY CHI Chapter lct General General
iamended SO as to read as follows:
after formed. by provision in its certtacate Of
after the Revised Laws take effect, shall con,
fine its field Of operation exclusively to the
fSoss im of iss pTine aontir plass .t Of sS5in sna and and
act Or proeeeding. forfeit ali corporate rights
and franchises, except to close Its affairs.
Provided, that any association now incorpo-
rated may enlarge its territory by making
specifying the added counties in which it de-
sires to do business, and on receiving the
5 6e duiy Of aut the se9er tn da Business III San ks t anail
counties. which shall not exceed eight () in
number.
CHAPTER so3-H. F. 1855.
IAN ACT to grant additional powers to cities
Of the State of Minnesota, having a popula-
ton of twenty thousand or less Inhabitants.
and to empower such cities to issue their
bonds for certain purposes therein men
70 q enacted nv tha Ie1isla t,,ra of tha STA e
of Minnesota:
Section l. That in addition to the. rights
several cities of the State Of Minnesota. in
Guiding cities having a home rule charters.
which rights 8! and powers shall not be abridged
to all cities having a population Of twenty
ms% beqeat 2s be- tsss orf !nnseitaR Witb that the no state te
Of Minnesota. including cities having home
rule charters, the right and power to issue
bonds for municipal purposes, to wit:
which may be issued to defray the expenses
off, improving any street, avenue. alley. park,
norste or 1,1 0ther Of Po snS e eity a,t mi1h'a this the st efe,
Or any part Of such expense. and which shall
include the construction of sewers, sidewalks,
bridges, culverts. the paving Of streets and
alleys, changing Of water courses and all im-|
provements Of a permanent nature.
Second: Bridge bonds which may be issued
ooy b bds g nty any Miy'i natural or artificial Stream rear
river: lake canal ana I bay; ha ,hs ce or other ta , Wattfr
Of any city within or partly within the State
any such water. or part thereof, bordering
upon Or forming the boundary line Of the
Estate Of Minnesota or any such city within
said state, and the use of the proceeds of any
such bonds for the construction of any bridge,
80 as to accommodate or facilitate the pas
sage of any steam locomotives or cars. or
,eiectric cars, or street horse, cable or cleo
trio cars, whether alone. Or in connection with
teams, vehicles, and foot passengers. shall not
iinyalidate, impair or affect the legality Of any
bridge bonds issued for the aforesaid pur-
noses. provided that nothing herein contained
shall be construed to prevent any city within
this state from charging any railroad COM
pany using any such bridge q reasonable price
for such use, and the making Of such charge
.hall not be held to impair, affect or invalidate
such bonds; and the authority herein given
shall include the power to issue such bonds
for the making Of improvements to be used
exclusively for steam or electric railway pur-
poses.
Third: Shipping terminal bonds. which may
be issued by any city within this State for the
purpose of constructing. purchasing. acquiring,
improving and maintaining boat dockage
terminals, bridge terminals, Or railroad termi-
mails, provided that nothing herein contained
shall be construed to prevent any city within
this state from charging any railroad or boat
co1npany using such terminals q reasonable
nrice for such use, and the making OF such
Chs ree shall not be held to impair, affect or
inva iidate such bonds. n
Fourth: Water and Light Bonds, which
NAV he issued for the purpose of constructing,
erecting, improving or purchasing water-
work. gas works. electric light aud power