The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1918-01-03

items: Sums derived from (a) Taxation. (b) Fees,
in the foregoing; f Sales and Rentals (g) Operation
of Public Utilities (h) Special Benefit Assessments;
estimates shall be in typewriting and shall be sub
mitted to the council at meeting not later than the
first Monday in September, and shall be made public.
Section so. Making of Budget. The council shall
meet to consider the budget and to hear from the
horties asking for appropriations and from interested
citizens week after the estimates submitted
and made public There shall be prepared and present
ed to the council proposed budget resolution and the
council shall hold meetings thereafter for its consider
alton until ample. time has been granted for full
discussion and consideration thereof ...,.-.
The annual budget finally agreed upon shall be
resolution setting forth in detail the complete financial
project for the City for the next fiscal year. 1t shall
indicate the to be raised and from what sources
and the sums be spent and for what purposes,
cordng to the plan indicated in Section 49, The total
sum appropriated shall always be than the total
estimated revenues by safe margin. The council
shall adopt the budget resolution not later than the
first day of October, and levy taxes accordingly.
Section 81. Enforcement of the Budget It shall
be the duty of the city clerk to enforce strictly the
provisions of the budget He shall not approve any
warrant upon the City treasurer for any expenditure
unless appropriation has been made IN the pudget
for any expenditure covered by the budget unless
Quoting the total past expenditures and the sum OF all
outstanding warrants. The heads of the departments
shall place any orders make any purchases ex-
cept for the purposes and amounts authorized in the
budget Any obligation incurred by any person IN the
employ of the City any purpose not authorized or
for any amount in of the duly authorized
shall personal obligation upon the person mourning
the expenditure.
Section g. Alterations in the Budget. After the
budget shall have been duly adopted, the council shall
whether by the insertion OF new items or othel~ise
beyond the estimated revenues unless the actaal re-
cepts shall exceed such estimates and IN that evens
NOT hevond such actual receipts The sums hxed IN
the get shall be and become a1er tne
beginning of the next fiscal year for the several puI
noses named and no other. The council may at any
time bv resolution passed by four-ffths vote re-
duce salaries the sums t3r any fron
purpose and may authorize the transfer OF SUMS iio
unexpended balances to other purposes
Tax levy and Bond Issue.
| Section So. Levy and Collection of Taxes On or
bfore the first of October Immediately after the aoop
ton of the annual budget, the council shall levy 10y
resolution the taxes necessary TO mees .e t tn the
Invitations Of this charter The city clerk shall transmit
not later than the tenth of October to the county
~ statment of all the taxes levied, and such taxes
sban be collected and payment thereof be enforced
With and in like as state and county !aA ~
tax shall be invalid by reason OIL any he AMOUNT
levied shall exceed the amount required w Nc Iied
for the special purposes for which the same ed ~
hit in that case the surplus shall go mto 'he u"" "
which such tax belongs ---~-.~ u~,--~-- =
eao+;on a. Maximum Tax Rate. The annual tax
TO fo ofra
.intenance and fixed charges of the various e
Of the CITY government shall never exceed nut
mills 1t shall be the duty OF the f fs annual budget
sI to the foregoing limitations and report inc
same to the council.
Section S. Issuance of Bonds. The council may
snbect to the restrictions hereinafter provided Issue
on the faith and credit of the City, on either OF
two plans: Plan (a), Bonds whose redemption 10
provided for at maturity by means OF an au1t
sinking fund; Plan co. Serial Bonds fixed nstaiimen.
Of which falls due annually and whose redempuon
guaranteed by annual tax levy especially pi'-'N
| for that purpose at the time OF issue.
The council may adopt either Plan a or ran 1ny
as may be most advantageous or practGaole'1 ds pr
that ali issues of bonds to refund outstanding Dohu
dahts shall he serial bonds issued under flan W.
bonds shall be issued to run for longer terin a
the maximum estimated life expectancy VI u as
ascertaned and set forth in the ordinance au'iois
encb bonds In no case shall bonds be issued W :
than thirty ST. fo nt in the ordinance
4hr;1ino them and the proceeds from sucn bonus E
shall not be diverted to any other purpose: le
faith and credit of the CITY Is issued under this
| of all bonds, and ln1eres' 'i'to' ~ -
| section.
Section S. Public Utility Bonds and Certificates o.
Indebtedness In addition to the bonds authorized III
Section IS the council may issue interest," bearing ce
tfcates of indebtedness for the purpose OF
constructing extending improving, or MAINTAINING pun
liz utility nIants by pedging such public utility properly
as security therefor Such certhcates OF t;I;t
shall be a lien charge against such puohc u'isy
for which thew were issued and shall be payable 10
getber with the interest thereon, out OF the spece
norton of the revenues earnings derived from such
public utility ....
Section ST. Limitation on Bond Issues. The council
shall determine at the time of framing the annual
budget what portion of the revenue required 10. %
year may properly be raised from the sale OF ponos u
certificates of Indebtedness The remainder Oh Inc