Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1915-04-29

be " shActsa u tne AegiSiatufs OF the ctaN
{ section 4 Every city Of this state now o.
! hereafter having oser. ffty thousand inhab
ed pursuant to gection 80, Article OF tht
State Constitution. In addition TO I'll othel
aea ,e2s, aa sue ana
empowered and shall at all times hereaftsl
have the power and authority At it's optior
and through IT. proper officers 70 issue and sci
A. private sales. through sach agencies and
In such manner and at such times and places
sales The tiss Council e s1 such os iii,
shall determine. all or any part OF the mu
a aii !, oona as, 2, such CITY aas issuance aas
hereafter be authorized by law. The bondi
70 sold az private sale ahail be In denomaina.
thereof not exceeding One Thousand Dollars
and none Of such bonds shall be sold al prt
f9r ss ~ e fs rhs
accrued Interest thereon. All bonds 20 sold
as private sale shall Be reported 70 ths
! The. additional power and authority hereby
/ copferred upon said cities may be exercised
visions u my inv 70 sne nonarary ns n1o
Of hereafter enacted Provided. however that
| this act shall not authorize the sale OF bonds
IN tns manner herein provided In amounts In
excess Of Ten Thousand Dollars from any
single bond issue TO any person Or corporation.
In forcs from ana after Its passage.
Approved April 20, 1915.
s~ItAF iHSH NQD-~~E. IL. NO. TAB.
AN ACT authorizing certain cities Of the mrs,
Glass TO issue bonds for erecting hospital and
alaIanst and for the .eauission q sd
Ne = enacted BY the Legislature OF the State
sectien 1 Any city Of the ar.. elias. no,
authorized to issue and sell its bonds to- an
AMOUNT AMOUNT not excseding One Hundred Thousand
additions to and improvements OF It's hos.
Sec. 2. said bonds shah he ,..uea op,v IN
1ority vote of the city council or other gov.
s srnda!s oody o. such CITY. and the faith and
payment thereof and the interest thereon. The
council or other governing body shall include
cient 10 pay the current ysar ,n 70 amount snd
ponds the sinking fund of said city. II there
- one ,,r snai ns pledged 70 their redemption
sais shall be expended by and under the d.
rection Of such body or department OF the
d erecting saans. 9 sor mia .as
Sec, o. noads issued under ~ this is'i act shah
run Tor term not longer than thirty years
and bear interest at rate not higher than
Iour per cent per annuni, payable sem-an.
aa sas ne Z. e pneDs s
bonds shall be dxed by the resolution author
,.ing their issue. md all Or any Of them may
20 10 the form OF coupon bonds or OF regis
Tered ocstiheates, 20 called. ~ the purchaser
Sec. I. All bonds or esrt,nca,e. no ,,.p.a
shall be signed by the mayor, attested BY the
eity clerk and oonntsraigned by the city comp
s ,tel q said city and be sealed with the
city seal except that the signatures to the
coupons attached thereto. IL any. may be litho.
graphsd None OF such obligations shall be
value and accrued interest, or 10 any but
the highest responsible bidder therefor
Sec, see, O. This act shah not apply to any city
whose Inhabitants have adopted a charter
pursuant 70 Section SO, Article I OF the state
Approved April u. 1915.
CHAPTER 2oe--s. r. No. 74s.
AN ACT authorizing cities of Minnesota of
S esfr,y so "a, inhabitants 70 issue bonds Cor
loeai improvements not paid for by special
Be- 4 enacted BY the Legislature Of the state
OF minnesota.
,. Section 1 Any city q this STATE now Or
itants ana not governed BY a charter aaopasa
pursuant to section 30, Article 4, Of the state
constitution. In addition 10 all the powers now
and empowered by resolution duly passed by
IN afiirmatise vote OF not less than two
or common council. to issue and sell ,m,,-
nis,ps bonds q snsh city 70 an AMOUNT not
thereof for the purpose OF defraying so much
of the cost Of paving, curhs and cutters and
not assessable upon abutting or benefited prop
erty. and for no other purpose
Sec. =. The bonds hereby authorized or any
such city notwithstanding any limitations con-
tanned In tho charter OF such city or any
limit upon the bonded inasStedne.s ~ s ac
city, but the full faith and credit or such
city shall At all times be pledged for the pay
ment OF any such bonds issued hereunder and
for the payment of the current interest there
on, And the city council or common couu-
tax levy for such city SUFFICIENT amount to
provide for the payment OF such interest as
u acerues and fer the accumulation OF sink
Ing fund for the redemption OF such bonds
at their maturity.
Sec. Q, No bond shall be issued by any
inabova named to run for a longer r period tsan
thirty years. or bearing higher rate OF tn
terest than : per cent per annum, payable
OF tho principal and Interest thereon and the
denominations In which the same shall be
the city council or common council All such
honda shall he signed by the mayor and eoun-
tersigned ny the city comptroller ana attested
sealed with the seal Of said city, except that
the signatures 10 the coupons attached there
none o. such ssns shall b. aoa for lsss t sna
ninesy-nvs !sa, per cent. OF their par value
Sec. I, This act shall take effect ana be in
force from and after ~ passage.
Approved April n, 1915.
CHAPTER 20T~-s. r. No TAT,
AN ACT to authorize any city In this state
Of over co. 600 Inhabitants to issue and sell
bridges across navtgahie streams running
through such city,
He IL enacted by the Legislature Of the State
Of Minnesota;
Section 4. Any city In this state now or
hereafter having ever nfty thousand iuhahit-
ants may, by resolution adopted by the AT
nrmatise vote OF not less than fwo-thiras OF
all the members elect OF its City Council is
sue and sell bonds Of such city TO the amount
on Eighty Ave Thousand Dollars. ttsn. ooo, In
par value. for the purpose OF constructing
running through sucS city The exact iscaa
tion OF such bridges shall be nxed by the
City Cauncil OF the city and tAe bends pro.
asd lsr ~ ans act h as De ,ssasa and sold
city or any laws OF this state limiting the
amount OF Indebtedness OF any such city.
See 2. No bonds shall be issued by any
such city Ter the purposes above mentioned
to run FOR a longer time than thirty Years
nor bearing rate of interest greater than
four a. per. cent per annam. but the place
thereon and the denominations In when the
same shall be issued shall be such as may,
be determined upon by the City Ceancti and
bonds or registered certificates so-oailed. Ali
such bonds shall be stgned by the mayor. and
attested by the city clerk and countersigned
by the ccnptroiier Ct such city, and shall be
the signatures on the coupons attached tcl
thsreen said bonds shalt not be sold for
value and accrued interest thereon and shall
he sala TO the highest responsible bidder there.
for, upon al least two weeks published no
tice Of the sale Of such eoeds, The nun faith
and credit OF such city shall be pledged att
ali times for the payment OF all lords issued
under this act and the interest thereon, and
such city shah zach levy .s
proNtde sinking fund suffcient for the re-