Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1920-03-26

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4 debtedness 50 issued shall be q speciac
81 lien upon such plants named in sueiil
authorizing the issuance of
ss q bonds or certificates of indebted
33a :. For benefit Of the permanent re-
S#yolving; FUND In an amount not exceed
/ total a cost Of any. IMPROVEMENT We made
under the provision Of chapter vi. of
& this Charter or under the provision of
81 the State e't Of Minnesota and ths cost
& OF, which shall not have been assessed
& prior to the adoption thereof
improve VEN ne f GsGn in OF an me amount not
ssexceeding the cost of public improve
ments In street, avenue and alley inter-
sng
! assessments for local improvements;
provided that one years interest on.
sR n aPt the ess hsa of
81 such bonds outstanding shall be levied
7 annually against the taxable property
e els sai a. city for, the benefit Of SAID sd%
(b) Bonds Of the City shall in no
ave and hs Tae cent
y per annum and shall in no. event be
sold for less than par value thereof and
T. accrued interest and they shall run foT
nor less than one l) year and shall be
issued in such denominations as the
issued under the provisions of this Sec
ton shall be general obligations Of the
City. and the faith and credit Of the
demption OF such bonds or certificates
of Indebtedness
The Indebtedness of the City provided
indebtedness of the City shall in no
coed ten 90 per cent Of the total val
according to the last preceding assess
ment for the purpose of taxation. pro-
vided. however. that bonds. or certifi-
of the purposes provided for in sub.
divisions 2, and of Paragraph a Of
this section shall not be taken to be g.
within the purview of this Charter.
uRER AND AU5ir6R.{a). It is
hereby made the duty Of the County
his accounts 50 e to show at ali IL times
the amount of money received for
the City in the collection Of taxes and
taxes by the respective years For which
portions thereof which are for interest
assessments. by roll or contract NUM-
County Audite eS BY at the e GitS efer K 9
Auditor Of Morrison County quarterly
Treasurer in favor Of the city Treasur.
f or tor a In to County TINT
another warrant for all money collect
ed on account of special assessments
IN to the CITY, End upon
urer Of Morrison County he shall pay
the same respectively out Of the moneys
and for special assessments respective
ly. Said County Auditor shall at the
same time transmit to the City Coun-
cil statement showing the separate
separate local Improvement, and in
81, rs settlement there shall be account
bankers with whom funds Of said coun-
ty are deposited as have accrued upon
funds arising from city taxes and as
ty funds or as parts thereof No county
officer or board shall have any authori-
ty or power to refund. reduce or abate
any special assessments.
90 Whenever previous to any of the
settlements provided for by law there
shall be lack Of funds in the City
shall be funds in the County Treasury
which shall have been collected on ac-
count OF city taxes or assessments the
Of said city Treesurer adTance and po1
over such funds as shall be estimated to
be the amount collected on account of
such advances shall be accounted for
and adjusted at the next regular settle
nent of said city
after such settlement adjust and APP
portion the sums so advanced among
the several city funds in his hands.
Sec. So: LIMIT ON EXPENDITURES
legations Incurred, chargeabie to any
particular fund of the city in any fiscal
year, are sufficient in the aggregate to
tire amount embraced in the tax levy
With eighty so} per cent ' Of the
&ea IN the tn of ths
fund from other sources. including such
amount as may remain in the fund from
90 any or ocs Coy Of
City shall have any power and no pow
er shall exist to create any additional
as saS a1 aVSS
is collected) which shall be q charge
asg s'' that particular FUND; or which
ab fs IN any fSn valid claim or
ttonal indebtedness attempted. to ba
created s she a,,i be personal claim
.-~AASAH~A O0Au "a OONy SOtlH6 4OJ
or to create the same.
(b) The City Clerk shall as soon al
may be after the first day of August in
each year make report to the City
Council Of the actual expense Of the
city for the first quarter Of the then
current fiscal year, the amount of the
taxes collected and outstanding and Of
the revenues received from other sour.
ces, and II upon the making of such re-
port it shall appear that the current
expenses for such quarter have exceed.
ed the estimate upon which the tax levy
therefore was based or that the reven-
ues Of said City are likely to be less
than the amount estimated at the time
of making such tax levy, the City Coun-
Gil shall forthwith proceed to reduce
the current expense of said City in such
manner as may be deemed advisable.
In all contracts for lighting the
streets, the right of the City to reduce
the amount of service on account of de-
ficiency Of revenues shall be reserved.
Sec So TAX LEVY.-The CITY
Treasurer shall on the first day of Sep
TENDER of each year report to the City
Council the amount of all revenues re-
ceived by the City for the year ending
on the first day of September and in de-
tail the source from which received.
The finance committee shall on or be-
fore the first day of September in every
wear report to the Co,nci1 an ost;rno 70