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

PAGE EIGHT. ~, ..-- . e..
Planta Such bonds or certificates Of In
dobtedness 20 issued shall be q .specthc
lien upon such plants named in such
of the Of
IS. For benefit of the permanent re-
yoyng fund in an am0pnt not exSef fSe
under the provision Of chapter vi. Of
this Charter or under the provision OF
Of the State Of Minnesota and the cost
of which shall not have been assessed
prior TO- the rs adSoptiSH t tn rec
Improvement fund. in an amount not
ments in street, avenue and alley inter-
efiting real estate not subject to special
assessments for local improvements;
provided that one years interest on.
twentieth (1-2o) Of the principal Of all
such bonds outstanding shall be levied
annually against the taxable property
Of said city for the benefit Of said
the redemption Of said bonds.
(b) Bonds Of the City shall in no
and a see eene
per annum and shall in no event be
sold for less than par value thereof and
accrued interest and they shall run Ter
issued in such denominations as the
City shall deem best. -
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 yiasa
indebtedness Of tie City shall in no
eeed ten 4S3 p per ' cent Of the total xa1-
secordins to the last preceding assess
vided. however: that bonds or certifl-
Gates Of Indebtedness issued for either
this section shall not be taken to be q
part Of the indebtedness Of said City
ne e c6 5eas SPa TSEAs
hereby made The duty Ct the County
the amount Of money received for
the the. City in the collection ef taxes and
taxes by the respective years Tor which
they. were levied and the respective
= portions thereof which are for interest
sssessmeats. BY roll or contract mum.
Counts, Auditor BY the City Clerk. II
Il hereby made the duty Of the County
to draw his warrant on the County
Treasurer in favor Of the City Treasur-
er for all money in the County Treasury
% ar 6: sss cz
= 6elensias to the city, ana upon pEesen:
+ Srer Of Morrisoa County he shall pay
received BY him for the City for taxes
y: Said County Auditor shall at the
same time transmit to the City Coun-
eli 2 statement showing the separate
50 Of ana al
such settlement there shall be account.
ed Tor and paid over to the Treasurer
such portion Of the interest paid by
~ are deposited as have accrued upon
funds arising from city taxes and as
easements 80 deposited with such coun-
officer or board shall have any a1thori-
~ or power to refund. reduce or abate
any special assessments.
provided for By i 1aw there 9
shall be lack of funds in the City
treasury for any purpose and there
Which shall T have been bee Collected on acs
count OF CITY taxes or assessments the
County Treasurer shall on application
OF said &c CITY Treasurer advance and Pay
be the amount collected on account of
such CITY taxes and assessments and
such advances shall be accounted foz
nent of said city.
The City Treasurer shall forthwith
after such settlement adjust and ap.
see ST. eH 1' 81 h Is P1S h5Hf6
la Whenever the expenses and OBJ
fSnd ey R ant to
absorb eighty 500 per cent Of the. en-
tire + amount embraced in the tex levy
with eighty 800 per cent of the amount
estimated in the apportionment of the
9to year to be receiyed by sa
amount as may remain in the fund from
officer; board or official body Of the
er shall exist, to create any additional
indebtedness (saye as the remaining
twenty per cent !2o.p, G. lof said tax levy
agsinst tSat particu sr fu nd or c @hies
shall be in any manner q valid claim or
iiabiAty against the city: but such addi-
against the officer or the members OF
the munich pal board or body voting for
or to create the same.
90 The City Clerk shall as soon 20
each year make report to the City
Council Of the actual expense Of the
city for the flrst 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 If upon the making Of such re-
port 1t 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
manner as may be deemed advisable.
In al CONTRACTS n1rat >. for for lighting the
the amount Of service on account of de-
nciency 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
ceived by the City for the year ending
on the first day Of September and in de-
Tho Ana nco cOTnmitfoo shall IN no.