The Ely miner., 1915-09-17

| in excess of what it otherwise would
have been and as there are OutStand.
/ ing city orders far In excess OF avail
able funds, the city Is unable to meet
and pay these orders without resort
| ing to other measures than by direct
taxation.
The improvements made are suffi-
cient in capacity to meet the demands
of larger population. and are built
with view Of accommodating. with
out having to again commence en-
| larging, such demand.
The present valuations of taxable
property of the city should not stand
all the expense of the present i'm
provements, but part of it at least
should be borne by the increased
valuations and those who make up Of
the increase of population thereby
decreasing our per capita tax.
Therefore, instead of burdening the
present with all this expenditure we
recommend that the city issue it's
bonds to pay part, at least of this
expense.
We further suggest, with the col
lection of the street assessments for
improvements in the way of sidewalks,
curbs and cutters already built and in
course of construction, by which quite
a large fund can be accumulated
which will help to keep down our
nigh rate of taxation, that these
assessments be paid into revolving
fund and kept for paying for the con-
templated Improvements OF similar
character and the outstanding orders
or work of the same kind. and would
be sufficient, il collected, to avoid in
the future, Of large drain on the
,lher funds of the city.
Respectfully submitted,
MIKE SoMERO,
Chairman.
JOHN PREsHERN,
Moved by Alderman White sup
ported by Alderman Somero that the
report of the finance committee be
accepted and filed and that such
action be taken as recommended in
the report. Carried.
Alderman Knutson offered the fol-
lowing resolution and moved it's
adoption, the motion to adopt was
seconded by Alderman Mike Somero.
RESOLVED that it is expedient in
the opinions of the City Council of
the Citv of Ely, that said city borrow
money in theIsum of forty thousand
dollars for theIpurpose of paying the
expenses incident to the improving
and enlarging the electric lighting
and waterworks plant of the city, and
the means of distributing the water
supply and public lighting. That
the bonds of the City of Ely, Mime
sofa, in the amount of forty thousand
dollars be issued therefore, and bear
interest at the rate of five per cent
per annum, payable half yearly, on
the first day of January and July,
each year and said bonds be in the
of one thousand dollars
each and be numbered consecutively
one to forty, inclusive, and have at
tached thereto interest coupons.
bearing interest after maturity at the
same rate as the principal debt. and
mature in fifteen years from January
Ist, 1916. Said bonds to have pro-
vision therein. THAT the City of
Ely may at its option. at any time
five years after January 1st, 1916, by
giving thirty days notice, on any date
at which interest is payable. pay the
principal together with the interest
that shall have accured on such date.
on any one or more of said bonds, and
retire the same, and all such bonds so
paid shall be returned to the city for
cancellation.
That a special election be held on
the 18th day of October A. d. 1915 at
which time the question of issuing
said bonds be submitted to the
electors of the city for their action
thereon, that the city clerk be direct
ed to give such notice of said election
as is required by law.
Those voting yes on the proposition
were Aldermen Somero, Gasperlin,
White, Knutson and Preshern. Those
SOUluS uO, uOuC. SdiltCu.
Moved by Alderman Somero, sup
ported by Alderman Gasperlin that
the following named qualified electors
serve as judges at the Special Election
to be held October 18th, 1915:
j. HI. White, Thomas Jury. and NJ.
Somero, lst Ward. Election to be
held in the city hall in the room now
used by the fire department.
f. B. James, Olof Knutson, Frank
Gasperlin, End Ward. Election to be
held in the Old Catholic Church.
Paul Buccowich, Joe Skala, Sr. and
j. d. Conan, Sd Ward. Election to
be held in the building known as the
Slavonian Library, lot 5, block 10,
Whiteside's addition.
Motion carried.
Moved by Alderman Knutson, sup
POI ted by Alderman Somero that the
city engineer be authorized to have
the necessary curbs,
cutters, cross-walks, and driveways,
on Conan street, and Intervening
avenues between Conan and Harvey
streets, beginning at Central avenue
and extending to the west side of Sd
avenue east, inclusive, aud all other
such work as may be deemed necessary
from time to time, by the present
at work in the city. at the
present contract rate. Carried.
Moved by Alderman White, sup