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

Hbsitautb III EsABF OF mInhesAts
! BE IT enacted by the Legislator. Of the State
OF Minnesota: ss.-
ssssn / Essy city e this stat ss.s
! Cd pursuant % section 30. Article 4 OF the
modes by law prescribed and author
ICED therefor, L hereby authorized and
have Inc power and authority At It's option
and through its proper officers TO issue and sell
} a. private sales. through such agencies and
In such manner and at such times and places,
Of such sales as the CITY Council Of such city
nieipai bonds Of such city the issuance and
sale OF which have been, or shall
50 sold at private sale snail be In denof1ina-
lions OF One Hundred Dollars any multiple
thereof not exceeding One Thousand Dollars,
and none Of such bonds shah be sold at pri-
they are BY Jaw authorized 70 be soId and
CITY Council OF the city for confirmation.
conferred upon said cities may BE- ersr yass
- herein provided Notwithstanding the pro-
'oa. 2, any law to the contrary
this act shall not authorize the sale OF bonds
In the manner herein provided In amounts in
single bond issue TO any person OF corporation.
SEC. =. This act shall take effect and be
In force from and after Its passage.
Approved April 20, 1915
CHAPTER 205-s. r. No. TAB
c,s a. asathor,znF certain cities OF the FIRST
improvements, and for thu acquisition OF ad-
ditional equipment for existing hospitals,
1e enacted by the Legislature Of the State
Section / Any city OF tn. nr-t elias. not
authorized to issue and sell lis bonds 10, an
amount not exceeding One Hundred Thousand
.adoa. ts for the Of ssecns
pitfalls.
Sec. 2. Said bonds shall be issued only in
Jority vote Of the city council or other gov.
ernins body OF such city. and the faith and
credit edit, Of the city shall be pledged to the
council or other governing body shall include
in the tax levy Of each year an amount SUI
bonds the sinking fund Of said city. II there
Do one, shall be pledged to their redemption
% az, matur,ty; and The funds derived from their
rection Of such body or department OF the
city city as shall be charged BY law with the
penal corrections in and for the city.
Sec. b. Bonds issued under this act shall
ana bear interest At rate not higher y .hnn
n Tour per re cent per annnm. payable semi.an.
bonds shah be fixed by the resolution author
izing their issue. ana all or any of them may
tered certificates. no called. the purchaser
may prefer.
sec, All ponds or certificates so issued
SHAH be signed by the mayor. attested by the
city clerk, and oountersiened by the city comp
tfoller Of said city, and be sealed with the
coupons attached thereto. II any, may be iitho.
sraphsd. None OF such obligations shall be
sold for les. than % per cent Of their par
the highest responsible bidder therefor.
sec. D. This act shall not apply to any city
pursuant to Section &c. Article 4 of the State
Approved April II. 1918.
l. CHAPTER 2oa-~s. b. No 745.
AN AcT authorizinE cities of Minnesota of
over ooooo Inhabitants to Issue. bonds for
local improvements not paid for by special
Be IL enacted by the Legislature of the State
section J. Any city of this state now or
itants and not governed by a charter adopted
pursuant to Section 80, Article L. of the state
constitution, In addition to all the powers now
ana empowered by resolution duly passed by
an affirmative vote OF not less than two
thirds OF NIL the members OF its city council
| or common council to issue and sell mu-
nicipal bonds OF such city to an amount not
fss1ssains uarss Hundred and Ten Thousand
thereof for the purpose OF defraying so much
| OF the cost of paving. curbs and cutters and
not assessable upon AUDITING or benefited prop
|erty, and for no other purpose
oeS. a. Inc D0nds hereby authorized
part thereof may be issued and sold by any
such city notwithstanding any limitations con-
tanned In the charter of such city or any
limit upon the bonded Indebtedness of such
city, hut the fun faith and credit of 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 on and the city council or common eoun-
tax levy for such city sufficient amount to
provide for the payment OF such interest as
| ~ aecrues and for the accumulation OF a sink
lug fund for the redemption OF such bonds
Mt their maturity
sec. 8. No bond shall be issued by any
such city under this act for the purpose here.
inaboye named to run for a longer period than
thirty years, or bearing a higher rate of In
semi annually, but the place of the PAYMENT
OF the principal and interest thereon and the
issued shall be such as ass shat nj be determned by
| the city council or common council. All such
bonds shall be signed by the mayor and coun-
by the city clerk Of such city and shall be
sealed with the seal Of said city, except that
| TO. II any. may be Autographed thereon, and
none OF such bonds shall be sold for less than
ninety Ave COS, per cent. of their par value
highest responsible bidder therefor
Sec. 4. This act shall take eject and be In
force from and after it's passage.
| Approved April IL 1915
| CHAPTER 2o7--s, r. No TAT
!
| OF over 50, 600 uhaeitants TO issue and sell
| Its bonds for the purpose OF constructing
| bridges across navtgahle streams running
through such city,
| Ito II enacted by the Legislature Of the Etats
OF Minnesota
scctioa l. Any city In this state now or
hereafter having over Atty thousand inhabit-
| ants may, by resolution adopted by the at
nrmative vote Of not less than two thirds OF
| all the members elect OF Its City Council. is
sue and sell bonds Of such city to the amount
Of Ekhty-nve Thousand Dollars, ssa,oool IN
RAR val Ina far hA aatr fl..sv
bridges over and across any navisable stream
! running through such city, The exact locs-
| tion OF such bridges shall be nxed by the
vided for in this act may be Issued and sold
| notwithstanding any charter provision OF such
| city any laws of this state limiting the
amount Of Indebtedness OF any such city.
! such city Tor the purposes above mentioned
1 to run for a longer time than thirty years
4 nor bearing rate OF interest greater than
| four 90 per cent per annnm, but the place
1 Of payment OF the principal and Interest
| thereon and the denominations In which the
same shall he issued shall be such may
be determined upon by the City Council and
| such bonds may be In the form Of coupon
bonds registered certificates so-osNed, All
1 such bonds shall he signed by the mayer, and
s.tested by the city clerk and eoan'ersisnsd
| sealed with the seal OF tho city, except tina.
the signatures on the coupons attached 10
such bends. IL any, may DC autographed
| thereon. said bonds shall not be sold for
| less than ninety ave faN per cent OF their par
| value and accrued interest thereon and shall
| he sold 10 the highest responsible bidder there
, tSs ~ S the sale 81 suss bonds Fss tan faith
| and credit OF such city shall be pledged at
| all times for the payment Of all bonds issued
under this act and the interest thereon ard
| Co pay the annual interest on such bonds and
provide a sinking fund sutacisnt. for the re-