Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1920-04-09

..,>Hr ! ' t,er.4 Ja.,s' ~,,. ~ 49,
passed by two-thirds (2-3) vote Of all |
to Se eesded
Gates Of indebtedness In anticipation Of
the collection Of the taxes 80 levied ae |
aforesaid for any special fund named
raising moneys. for such special funds.
but no power shall exist to issue certi- |
ficates for any of said separate funds
Di In ssa 81
be collected for the use and benefit of
said fund. and no certificates shall be
SaS to DUE End
ing the year in which said tax estimate
certified to. the auditor as aforesaid was
made; Said certificates shall not be
terest and shall not bear q greater rate
Of interest than six per cent 6 p. CO. per
annum. which certificates shall state
arate funds the proceeds Of said certifi-
Gates shall be used and the whole
amount embraced in said tax estimate
ceeds Of the tax assessed d' and coi f cte
and the faith and credit Of the City are
irreyocably, pledged for the redemption
ese Seraisf' 81 81 i EQUALIZATION
IA? The Mayor. the city Clerk and the
PRESIDENT OF the City Council shall con:
shall be sworn according to law as such
and shall meet in the City Hall on the
fourth Monday Of June in each year and
the Mondas n u not
revise and eQualize the assessments
made by the City Assessor pursuant to
the sad 'S cara Of , ths s sef
tary who shall keep record Of it's pro-
ceedings and it is hereby vested with
all powers which are or may be vested
the general laws Of this state. but shall
not be restricted by any limitations in
respect p to reducing the aegresate sums
farned BY the zig PsU1srty as re-
(c). Any person aggrieved by an as
sessment shall have the right to appear
before such board in person or by at
its Consideration. A s"'' Ao'
(d): The City, Assessor shall he Pres
ent at all meetings OF the said board
sessments. and shall revise his ass ss
sion Of said Board ana after r the the same same
ar1 o aa s"d hssn sps by the
ment rolls not later than ' the second second
M atpn in July Of each year. and Unless
state. ~ ~ '"" - 'A'
lel: Any person who deems himself
matter Sefers the ssg GerF ss
duty 1t shall be to investigate the facts
connected with such assessment before
me me next ex Assessment Is made. and If he
Immediately make such correction as
may be necessary In q book t. be kept
Ior that purpose and make entry Of
srne the matter aste sfose fhs
CITY Assessor or before the next Board
OF go Eeusa1iizati G% f1T proper adjustment
oree to pro StMk I'm tba T. In
bonds and debts Of the City. the City
and for that purpose shall levy upon ali
sSa Se tae to CITY Say '4 tSe
interest to become due during the next
nsca1 year: upon all bonds: certificates
Of said City heretofore or inof hefeaftss
issued or contracted and an additional
tax Of one mill on the dollar Of the as
sessed valuation Of all such taxable
certificates Of indebtedness or other in
9eoteoness when the same shall become
The Mayor, the President Of the City
Council. and the Chairman Of the a.
sSall eoasttate and be- known x e as tSe
the City Of Elite S Fas ana such pe%
missioners shall have charge and con.
troll of such sinking fund Any two OF
said AID officers 1ai above named are hereby
trusts and duties vested in them by the
provisions of this Section. but shall not
pc entitled to receive any additional
salary ,09aay or compensation for such SER
(b). Such Commissioners shall. from
time to time invest the, money which
the Of fn the citY Sebt "nd for
surplus Of interest to the credit Of the
interest fund or as much thereof as
s sneg 6 S1 said TIE tT R Of bends
Little Falls school district at the mar
ket value thereof. or in the bonds Of the
state of Minnesota or in United States
State or United States bonds may 91 be
above par value thereof, and deposit the
same same In a designated depository as
preference at all times be given to a the
purchase of bonds. certificates or obii-
cations of the City if the same can be
secured c1 W st reasonable rates: 49,,
Sinking Fund shall have been invested
IN any Of the several bonds mentioned
IN this act and such commissioners
the best interest of the said City to
invest the proceeds thereof in any de-
S2 such Och
posit the same as hereinafter provided
for. such Commissioners shall have
power to sell any such bonds at not less
than market value thereof and rein
vest or deposit the proceeds thereof.
3D.. In case bonds. certificates Of in
debtedness or other obligations Of the
and such Commissioners shall deem
It advisable. part or all of said Sinking
Fund may be deposited in one or ri:ore
designated National Banks. State Banks
Savings Banks. or Private Banks in the
name of the City of Little Falls. Such
bank; banks. or bankers shall be desig-
mated by the Council after advertising
IN one or more newspapers published in
the City of Little Falls. for at least one
% week for proposals. which proposals
shall state what security shall be given
to such City for such funds and what
deposited. said funds with the accrued
interest to be held subject to draft ard
payment from and after the time to be
designated by such Commissioners at
the time of depositing said funds.
Before any National. State, Private or
SAVINGS Bank or Banks or Banker shall
be designated as such depository, such
bank or banker shall deposit with the
City Clerk a. bond payable to the City
of Little Falls which bond shall be ap-
proved by the City Council and shall be
IN such amount 8S said Council shall