Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1920-04-02


splaata such bonds 81 csertin catss 10 IL |
s1ebte0ness5 20 issued shall be q specific
sn :sse R'as' tSe T. ue
such bonds o.; certificates Of indebted
For benefit Of the permanent re-
ing seventy-nve per cent (75 p. CO. Of the
total cost Of any Improvement. made
under the provision Of chapter VI. Of
any prior city Charter or Of any law
of the State Of. Minnesota and the cost
b shall not hays been
-. For the benefit Of the permanent
improvement fund. in an amount not
IN the cost OF pnd ,e1 ntee
efting real estate not subject to special
pSovided hat one years Interest," on.
tw TIVE i.2e) Of the principal Of al!
such bonds outstanddng s shall be ,d ies1e6
Of said city for the benefit Of said
fund for payment of interest upon and
the SoPds Of Of the se'a ceS Shall in
than five and one half per cent (5M p, IS
per ann9m and shall in no event be
accrued interest and they shall! run for
q period Of not more than thirty $500
nor less than one 81 year and shall the be
City shall deem best. .,
Bonds or certificates of indebtedness
Issued under the Of th's
City. and the faith and credit OF the
City are irrevocably pledged for the re-
demption OF such bonds or certificates
nf
The Indebtedness of the City provided
for in this title together with All other
Indebtedness of the City shall IN no
coed ten (10) per cent of the total val
ue of the taxable property of the City
according to the last preceding assess
ment for the purpose of taxation. pro"
.vided. however. that bonds or certifi.
Gates of Indebtedness issued for either
Of the purposes pTovid 81 for IN SUBJ o.
this section shall not be taken to be g.
part Of the indebtedness Of said City
within the purview of this Charter.
uR Isl 81 AND Pot Au 3f6R It is
T SessS ao Of Mo Mo- County to Keep
his SO to show at all
the City in the collection Of taxes and
special assessments: specifying all such
taxes by the respective years for which
portions thereof which are for interest
and penalties and specifying all such
assessments. by roll or contract num-
County y Au AUD eeS BY the City Clerk. Il
Auditor e' Of f Morrison a s1 County ausrteris
TreasuTer 1 in favor Of the city t Treasur..
er for all money in the County Treasury
for taxes belonging to, the City and
ed on account Of special assessments
belonging to the City, and upon presen-
the same respectively out Of the money,
received by him for the City for taxes
and for special assessments respective.
same time transmit to the City Coun.
ell q statement showing the separate
amounts SO paid on account Of eact
such settlement there shall be account:
ed fer and paid over to the Treasurer
such portion Of the interest paid b,
as have Taa
sessments so deposited with such coun'
oricer or i board shall i have any authori
~ or power to refund. reduce or abatt
any special assessments.
.sttisnenfs pro9ided for by 70 iaw the err
shall be lack of funds in the Cit,
Treasur for any purpose and there
Which shall have been Collected on &C.
count Of city taxes or assessments thu
County Treasurer shall on application
sad Ely and
be the amount collected on account Of
such CITY taxes and assessments anG
such advances shall be accounted fol
ment Of said city.
The City Treasurer shall forthwith
after such settlement adjust and ap
portion the sums SO advanced among
the several city funds in his hands.
Sec. So: LIMIT ON EXPENDITURE!
I'd Whenever the expenses and OBJ
fSna ef ha ey n ant TO
es1t9 a !e Cent 81 the
for tha yeae FOR s9db in ua a tax @
estimated in the. apportionment Of tn
eths9 ceseiH neu by ss
amount as may remain in the fund from
the levy Of any prior year or years, n
oGinnceE 1oa ar3, or official body Of tn
er shall exist. to create any additiona
Indebtedness (saye as the remaining
twenty ReESe2f said az
against that particular fund. or which
shall be in any manner a valid claim O
ena adebasd ees city sSsh TO
ssaiSst the onieer Or tS sss %e%be s's'a
the municipal BOARD or body voting To-
or to create the same.
o. The City Clerk shall as soon q.
each year make report to the Cit,
Council Of the actual expense Of thu
city for the first quarter of the thel
current fiscal year. the amount Of thu
taxes collected and outstanding, and O.
the revenues received from other sour
ces. and If upon the making, Of such re-
port 1t shall appear that the curren
expenses for such quarter have exceed
ed the estimate upon which the tax lev!
therefore was based or that the reven
ues of said City are likely to be les
than the amount estimated at the tim
of making such tax levy. the City Coun
Gil shall forthwith proceed to reduc.
the current expense Of said City in sucl
In all contracts for lighting tn,
streets. the right of the City to reduce
the amount of service on account of de
f1ciency Of revenues shall be reserved.
Sec. SO. TAX LEVY.-The Cit!
Treasurer shall on the first day Of Sep
TENDER Of each year report to the Cit!
Council the amount of all revenues re
ceived by the City for the year ,endint
on the first day of September and in de
tail the source from which received