The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1913-05-02
CHAPTER 3OO-H. F. No. Se;.

force reS% and ndr after ts its
CHAPTER 300-H F. No. ses.
AN ACT authorizing certain cities of the frstl
class to issue bonds for the purposes of en-
larEing experimenting and repairing sewers
that have been found Inadequate.
Be 1t enacted by the Legislature of the State
section i. Any city of the first class notl
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 the cost of enlarging, supplementing and
repairing sewers heretofore constructed in said
Sec: ?. Said bonds shall be issued only in
vote of the City Council or other governing
body of said city, and the faith and credit of
me city shall be pledged to the payment there
other governing body shall include in the tax
levy OF each year an amount sufficient to pay
sinking fund Of such city, If there be one.
will be pledged to their redemption at matu
Sec s. Bonds issued under this act shall
run for term not longer than thirty years
and and bear interest at rate not higher than
nnally. The place Of payment Of principal and an
interest and the denomination OF said bonds
shall be fixed by the resolution authorizing
the form Of coupon bonds or of registered Ger
tifcates, so-called. as the purchasers may
prefer.
Sec. 4. All bonds or certificates 30 issued
shall be signed by the mayor, attested by the
city clerk, and countersigned by the city comp
seal: except that the signatures to the coupons
attached thereto. If any. may be Autographed.
None Of 81 such obgations shall be sold for less
crued interest. or to any but the highest re-
sponsible bidder therefor.
whose nhabitants have adopted a charter pur
suant to Section 36. Article 4, Of the state
Approved April Is, 1918.
CHAPTER 3O1-H. F. No. s82.
AN ACT legalizing the foreclosure and can
sale Of real estate and tho records thereof.
where the mortgage tax on such contracts
has not been paid prior to the foreclosure or
cancellation thereof or subsequent thereto.
Be it Enacted by the Legislature Of the
State OF Minnesota:
Section /. That In all cases where, con-
tract for the purchase or sale of real estate
has been foreclosed Or cancelled or attempted
to be foreclosed or cancelled, and such fore
Of the fact that prior thereto no 1eertgage
REGISTRATION tax has been paid on said con;
proceedings in connection herewith and the
record thereof. II any shall have been made
are hereby legalized and made as valid and
eHectual to all intents and purposes, and Of
the purpose Of notice. evidence validity, fore
mortgage registration tax had been paid prior
to the time Of the commencement of any such
proceedings. Provided, the mortgage regis
within six months after the passage of this
act.
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. and the mortgage regis
tration tax was not paid. said person, per;
dsys from and Ss
Of this act to assert any rights they may
have under and by virtue Of said contract, or
Approved April Is. 1918
CHAPTER 3O2-H. F. No. $685.
AN ACT to amend section so4e revised laws
Of 1905, as amended by chapter 164, Gener
al laws of 1909. relating to local building
and loan associations.
Be it enacted by the Legislature OF the State
Section j. That Section ao4e Revised Laws
Of 1905: az ,oa amended by Chapter lG4 General
amended SO as to read as follows:
Sec. 3049: Every such corporation herein
after by pry.on in its Of
after the Revised Laws take effect. shall con-
fine its field of operation exclusively to the
those Immediately contiguous thereto, and up
on failure so to do shall, without any other
act or proceeding, forfeit all 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.
stres to do business. and on receiving the
u2 tn do ks
counties. which shall not exceed eight (O in
number.
CHAPTER 3O3-H. F. 1868.
AN ACT to grant additional powers to citie.
OF the state OF Minnesota, having a popua-
and to empower such cities to issue their
bonds for certain purposes therein men
toned
BE it enacted by the Legislature of the State
OF Minnesota:
Section |. That in addition to the rights
and powers err, heretofore granted PX law to the
Guiding cities having home rule charters,
which rights and powers shall not be abridged
or affected by this act, there is hereby granted
to all cities having a population Of twenty
be- nzsd %n that the ga f
rule charters. the right and es power e h issue
bonds for municipal purposes. to wit:
First, Permanent Improvement fund bonds,
LOT improving any street, avenue. alley. park,
levee or other public ground within the cor
porate limits Of any city within this state.
include the construction of sewers, sidewalks.
bridges, culverts, the paving Of streets and
81 eeurses and all i'm
| Second: Bridge bonds. which may be issued
by any city within this state for the purpose
LOT bridging any natural artificial stream,
river, lake. canal, bay. harbor other water
within or partly within the corporate limits
Of any city within, or partly within the State
any such water. or part thereof, bordering
upon Or forming the boundary line of the
State 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
- RfAo Jnoo
electric cars, street horse, cable cleo
trio cars whether alone, Or in connection with
teams vehicles, and foot passengers. shall not
invalidate, impair or affect the legality Of any
bridge bonds issued for the Aforesaid pur-
poses, provided that nothing herein contained
this state from charging any railroad COM
pany using any such bridge a reasonable price
for such uge. and the making of such charge
shaIl not be held to impair. affect or invaHdate
such bonds; and the authority herein given
shall include the power to issue glch bonds
exclusively for steam or electric railway pur
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 doclfage
nails. provided that nothing herein contained
shalI, be construed to prevent any city within
this state from charging any railroad or b0ata
company using such terminals q reasonable
price for such use. and the making Of such
|charee shall not be held to impair, affect or
Fpurtn: Water ana Light Bonds. which
may Sc issued for the purpose Of constructing.
Ferecting, improving or purchasing water
works. M works. electric light and power