The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1918-01-03
PROPOSED CHARTER
OF THE
City of Sank Centre

Continued from Page 81
approval of majority of the voters voting thereon
at a general special election
Custody and Disbursement of Funds.
Section So Tax Settlements with County Treasurer
The city treasurer shall to it that all moneys IN
the country treasury belonging to the City are promptly
turned over to the City according to the existing iaW
which is retained and hereby made part OF thls
charter, in the following words:
"The county treasurer of said county shall pay
such fast as collected, to the treasurer
of said city," (Sp L. 1889, Chap a, Sec. D., p 9|,)
The city treasurer shall secure at the end OF each
month at ninety per cent of all funds IN the pos
session of county reaurer belonging to the City and
full settlement quarterly, as provided by the general
statutes.
Section &c. Disbursements, How Made. All disburs-
ments except the principal and interest bonds and GER
tcates Indebtedness and except orders OF the library
board and orders of the water light and power commits
sion shall be made only upon the order of the mayor and
city clerk duly authorized by resolution OF the council
and such resolution and order shall specify the pu
pose for which the disbursement is made ana nocae
that is to be paid out of the proper 1und ach s
order shall be payable to the order OF the person IN
favor it is drawn But such order shall be issued until
there money sufficient to pay the same TO tne feo
of the fund out of which it is to be paid together with all
then outstanding orders against such fund ANY order or
resolution for the payment of money violating any pro
vision of this section shall be void and any ofhcer OF the
CITY violating any provision of this section shall be per-
nns,lv resnonsibe for the amount of such payment if
any such payment is made contrary to the proVsohs
hereof No contract requiring the OF money ny
which the same be paid is specified IN such contract
No claim against the City shall be allowed unless &C
time sheet signed the responsible officer who has per-
sona knowledge of the facts in the case and 1or
the correctness and reasonabeness OF the claim.
Section 60. Funds to be Kept There shall be main
tanned the city treasury the following funds 1or 1ne
support of which the council may levy an annual tax:
1. A sinking fund for the purchase, or payment
when due of any bonds other debt of the City, and
To nav the interest on all bonds and other obligations OF
the City, The council shall levy annual tax sufficient
to meet all obligations against this fund when DUE unless
otherwise provided for.
2 library fund for the support of the public Ii
made for the support of such library All claims against
this fund shall be paid only orders OF the library
board signed by the president and secretary
g. public utility fund funds for the acquisition
construction, extension maintenance and operaon OF
any public utility owned or operated by the CITY, ncuo
ing the payment the interest bonds or other In
debtedness which may be lien such utility Ihere
shall be paid into this fund all moneys derived from tne
sale of bonds issued account of utility and from
the operation of such utility, and from the sale OF any
property acquired for or used connecon WIN any suc
tty There shall be paid out of this fund the cost OF
the purchase construction extension operation manten
ance and repair of such utility including the interest up
upon such utility Any surplus in said fund may be used
for the purchase of any bonds OF
issued against said utility, and for the Oh
such bonds or other Indebtedness their maturity
Separate funds and accounts shall be kept Tor each s
utility operated separately, and in case two or more ut
ties are operated together the funds and accounts shall be
kept separately as far practicable. All claims
against this shall be paid only orders of the wa
ter light and power commission and signed by the presl
dent and secretary.
a. general fund for the support of such other
ndc an6fOr The ent of
as the council may deem Into this fund shall be
paid all moneys not herein provided to be paid into any
other fund.- including derived from fees or licenses
imposed on owners OF vehicles
5. permanent improvement revolving fund, which
shall not he supported by general taxation There shall
be paid into this fund moneys received special
heretofore hereafter levied by the City for 10
cal improvements. The council may by resolution deter
mine the aggregate amount of the assessments for local
improvements which, in its judgment, shall be extended
for payment is provided in Chapter VIII of this
charter, but in shall such aggregate amount
exceed eighty per of total estimated cost of such
improvement and order the issuance and sale of ex-
tended assessment certificates representing such aggreg
ate sum- which shall ene the holder thereof to demand
and receive from the City of Sank Centre the sur
render such certificates to the treasurer after the
date of payment thereof the amount of money named
therein to be paid with the rate of interest stipulated to
be paid thereon to the due date thereof and not such
date Such certificates may be issued in such amounts
mine, but of the shall be payable more than
five years from date of the same The proceeds OF
the sale of said certificates shall be paid into the per
manent improvement revolving fund. Said certificates
shall bear rate of interest not exceeding SIX per cent
per annum. The council may, in its dscrton either
sell said certificates direct investors may contract
for the sale of all such certificates that may be issued
during calendar year. No sale of such certificates by
contract shall be made except after advertising for BIDS
least week prior to sale in the official newspaper
of City, and such sales shall be made to the highest
responsible bidder Bids may be asked the basis of
rate of interest Specified in the and on the net
interest basis which the bidder will pay for the
same.