The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1915-02-26

and all Improvements thereon which the City shall acquire
Tor Its purposes and the for which not
otherwise provided for of other funds There shall also
be paid into this fund all moneys received from the sale of
any Improvements property of the City not
otherwise disposed of under this Charter and also such
other amounts may from time time be realized from
the sale of bonds certificates of indebtedness issued
OF this fund.
l1 Permanent Improvement Revolving Fund for the
purpose of providing for paying local improvements
may be levied There shall be paid into this fund all
received from all special levied under this
Charter for all local improvements and all moneys raised by
taxation for such purposes and also such amounts as
be realized from the sale OF bonds certificates
OF indebtedness authorized therefor in this Charter
az General Fund provide for all current and
cidenal expenses Of and judgments against the City not
otherwise provided for and such other disbursements
may be authorized by law There shall be paid into this
fund all moneys received from any when
ceived for specific and purpose and said fund be
used for any lawful purpose.
I3) At the time of making the annual levy, it shall
be necessary make specific levy for each and every
fund herein provided for and maintained but the City Coun
Gil shall estimate and determine the amounts that shall be
required for all of the several funds and purposes and the
shall be classified and apportoned the appropriate
fund in budget to be made and they for the purpose
OF brevity IN certifying the assessments to the County
Auditor be entered upon the lists levy and certify
such amounts as they deem eNpedent to the following
Fund Municipal Court Fund.- Park Fund, Permanent I'M
Fund Permanent Improvement Revolving Fund
and General Fund provided that for the purpose OF
vdng for the expenditures be paid from all OF the other
funds the required and classified and apporoned
and specifically mentioned any resolution making the
annual levy specifically certified by the City Clerk
the County Auditor may be added levied and certified
part of the General Fund and when collected and paid
by the County Treasurer the City Treasurer the
whole amount received and applicable the General Fund
shall be apportoned and distributed the several funds in
Guiding the General Fund and in the proportion the
classified and apportioned each of the
several funds the time of making such estimates CLASH
hcation and budget and certifcaon Provided that
nothing herein contained shall prevent the Council from
oaning from the General Fund aid and help any other
fund at such times in its judgment public necessity
qures Such loans shall be transferred by resolution OF the
treasurer,
shall be paid by the Treasurer from the General Fund
account of any other fund to which transfer to be
made until such transfer made of record and certified
Temporary loans may be made from fund to another
but shall be repaid time to any obga
payments that be payable from the fund from
which the loan is made Any temporary loan made shall
be by resolution and certified provided for making
any fund of the City in contemplation OF transfer until
such transfer made of record and certified by the City
Clerk to the City Treasurer
Warrants Not to Be Paid When
Section % No money shall be paid out on account
OF of the City funds by the City Treasurer any
certificates of Indebtedness other obligations issued
by the City Council unless there money sufficient pay
the to the credit of such fund When warrant or
other obligation proper demand is presented the City
Treasurer for payment and payable demand and there
not sufficient money the fund upon which is drawn
to the he shall acknowledge the presentation of
the and make entry his proper book of the fact
OF the presentation with the number of the and
shall endorse thereon Not paid for of funds the
said obligation shall draw interest the legal until
paid and when there sufficient funds in the proper fund
pay the such obligation may be paid and shall be
paid IN the order OF presenment and its endorsement Not
paid for of funds The City Treasurer shall when
there any considerable of money any
fund which has outstanding drawn against that
have been endorsed Not paid for funds notify the
holders OF said present the for payment
giving such notice the number that will be
made Notice may be by mail and may also be by one
notice inserted and published in the official paper of the
City, notifying the holders of warrants bv
description and numbers to present the for payment
and cancellation and state if such pre-
sented within week from the date of such notice or date
OF publication that mentioned the notice
that be presented after the eaDSe of the limit will
be paid the order of their first and endorse
men shown the list book of the Treasurer Provided
that outstanding that drawing interest NAV
De pad at any time without such notice when there
IN the fund to pay the Such endorsed warrants
shall take precedence IN their not en-
dorSed Not paid for of funds until there has accumu
lated IN the fund sufficient money pay all such warrants
and the holders have been notified the
and the time has elapsed within which thew were
to be presented after which may be
paid when presented.
May Establish Other Funds
Section ~. The City Council may at its discretion es-
tablsk any other fund which NAV consider necessary
to establish, and may discontinue the same when has
served its purpose and any money that NAV be to the
credit OF such fund shall be paid into the general fund
Money How Distributed.
Section rs Moneys Cd in the City Treasury at the
time this Charter goes into effect (2) to be collected
from the taxes levied before this Charter goes into effect
shall far practicable be divided among the several
funds hereby established and where subdivision is not
practicable shall be kept in the general fund The Coun
ca by resolution shall provide for such subdivision in
prior to the time that this Charter goes into effect an
assessment has been levied the costs of local
Improvement the proceeds of such assessment shall he
PAID into the permanent Improvement revolving fund.- and