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

+ Council sthe City Clerk, shaal fail or
refuse to act in any Of the proceed
iAgg in this Chapter provided for,
coWpliance with the provisions Of this
ines in the District Court OF MOTH
lien Of th}}:: City W '''' " my s ~
CHAPTER " ~
City FinaneesN - =
Sec "a. DISBURSEMENTS AND
be paid out Of the; City Treasury x-
cept for principal or interest Of bonds
such payment shall be- authorized by an
Aye and Nay vote of the City Council
and then only upon orders signed by
City Clerk and having the seal of the
City attached, which orders shall spe-
city the purpose for which they were
drawn; the fund out Of which they are
the order of the persons in whose favor
they are drawn. No such order on any
fund shall be drawn or issued until
Treasury to the credit of such fund to
pay the same together with all then
outstanding orders issued against such
prohibited from authorizing the issue
or ordering paid any such order until
there is sufficient money in the City
such order together with all outstand-
ing orders issued against such fund.
ANY order. authorization or resolution
provision of this section shall be wholly
void, but the same shall constitute q
personal claim against the officer or
Voting the same. No officer or Official
body of the City shall have any power
to contract or create any Indebtedness
the Of this
Charter. No contract requiring the
payment Of money BY the city shall be
(b) When any such order shall have
been paid by or received by the City
but he shall Immediately cancel the
same and file the same away in his Of
fee fee, Keeping ,eIi the orders drawn upon
@c) The city Council may provide
for the examination from time to time
Of such cancelled orders and also all
edness or OF her obligations in the hands
of the City Treasurer and for their de-
struction' preserving such orders or
vouchers thereof as the City Council
'ns Sec os IS: RTGRf5; RAISED BY TAXA
t TSloN MI shall be maintained in
G suppart n Which th tho g dona
L.. An interest fund for which there
payment Of the interest to become due
during the next fiscal year upon bonds
and indebtedness OF the City and out Of
this ta;, fund such interest only shall be
2. A Library Fund for the support Of
the Public Library into which fund
for The BE pps a 81 fs s fG made
3 A Sinking Fund for the purchase
or payment when due Of any bonds, Ger
I'll t Lat or or other bond
;: 4. Poor Fund for the support and
relief Of the poor as may be necessary
by paying for the board and care Of ap-
usnt and msaiesfi
atse"daG %a. :nd 'SHEyaS the dead
entertainments to the public in public
buildings or upon public grounds:
ton Fund for the acquisition and main
Ssths: gymas:!um.' rails sil:; and sl%ifsf
nent and emusen esaef FOR the sn wsliSe-
ing of the Inhabitants Of the City. In
to this fund shall be paid all money
ing gifts and devises, to be iised for
any such purpose.
Z. A Permanent Improvement Fund
~hich the city shsii ssquiTe
payment for which is not otherwise
provided for out of other funds and for
the payment Of such proportion Of tho
volve upon the City. and of interest
and principal of bonds issued for the
5. 4 Pubic Utility Fund for the ac-
sT = t,e uss SsS y
or other indebtedness which may be q
lien upon such utility. There shall be
paid into thi fund all moneys from the
edness issued on account Of any utility.
and from the operation of such utility.
and from the sale of any property &C
any such utility. There shall be paid
out of this fund the costs of the pur-
chase. construction. extension. opera
utility. including the interest Upon ali
bonds, certificates of indebtedness or
other Indebtedness issued which may be
ssd such Utility Any SsrpTs
chase of any bonds or certificates Of in
debtedness issued against such utility
and for the payment of such bonds or
Separate, ACCOUNTS shall be kept fo:.
each such utility operated separately.
8: A Permanent Revolving Fund
ton. There shall be paid into this fund
moneys received on special assessments:
heretofore or hereafter levied by the.
City for local improvements and also
the proceeds of the sale of any bonds
or certificates of Indebtedness author
lied to be sold and the interest on cash
balances remaining in said fund from
time to time. Whenever the City Coun-
Gil may by resolution determined that
an assessment for local improvements
shall be payable in equal annual INSTALL
ments as provided for in Chapter vi of
this Charter, it may order the issuance
and sale of extended assessment GER
tificates representing such installments
of such assessment, in an amount not
exceeding seventy five per cent CTS p. CO.
Of the total cost of such improvements,
which shall entitle the holder thereof
to demand and receive from the City
of Little Falls, upon the surrender Of
such certificate to the City Treasurer
on or after the date of payment thereof
the amount of money named to be paid
therein, with the rate Of interest stipu-
lated, not however, to exceed six per
cent C p. CO. per annum to be paid there
on to the due date thereon and not after
such date. Such certificates shall be
issued in such amount. and become
due on such dates as will correspond
with the number of installments in
which such assessment is payable. and
the times when the same will be col
lected as nearly as may be. The faith