Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1920-04-23

3. For benefit Of the permanent re-
fund in an amount not exceed
Ing seventy-ave per cent 90 p Co. OF LINE sae1
under the provision Of chapter vi. Of
this Charter or under the provision OF
h er State city of
of which shall not have been assessed
prior to the adoption thereof:
IMPROVEMENT fund. in an amount not
ments in street, avenue and alley inter-
citing ?1 real estate not subject to special
provided that one years interest on,
sRs n aGt les shaa Of
such bonds outstanding shall be levied
annually against the taxable property
Ct aS city for The of aad
(b) Bonds Of the City shall in no
1sas Sa sees
per annum and shall in no. event be
sold for less than par value thereof and
accrued interest and they shai i, run fa tx
les; than one 0 year End shall t6 pc
Bonds or certificates of indebtedness
issued under the provisions Of this Sec
ton shall be general obligations Of the
@ aed ses fa
desption Of such bonds or certificates
Of Indebtedness.
The Indebtedness Of the City provided
Indebtedness of the City shall! IN no
event except as elsewhere provided ex-
coed ter lio? PER cent Of the E, total 2 g yal.
according to the last preceding assess.
nlent for the purpose Of taxation. pro-
that Or 9or etha
Of the purposes provided for in sub.
divisions 2, 8 and 4 of Paragraph q Of
tns setG ion hs 4es be * sat. tS g
wsssn ne BS1EsS e Seas SPsHsdsA
URER AND .AUD1ToR.--la). It is
a hs fssg Ct t Res
his accounts SO as to show at all times
the amount Of money received foy
special assessments. specifying ali such
they We're Levied and the respective
and al
assessments, by roll or contract num-
bers Is the same are Certified 70 the
Ss a dns CITY IT See
Auditor Of Morrison County quarterly
to draw his warrant on the County
m IN teS Ely
another warrant Tor ali money collect:
ed on account Of special assessments
tstion OF Of the same to the County HTTess-
urer Of Morrison County he shall pay
the S Sst h sor
and for special assessments respective
~. Said County Auditor shall at the
same time transmit to the City Coun.
amounts 50 paid on account Of each
such settlement there shall be account.
such S portion Of the psiS BY
bankers with whom funds Of said coun-
~ are deposited as have accrued upon
say
ty funds or as parts thereof. No county
officer or board shall have any authori-
y or s1 RSW;Sr to rsfSnd reduce or abate
settlements provided for by law there
shall be be a lack Of funds in the city 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 Treasurer advance and pay
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
ment of said city.
after such settlement ADJUST and ap p"
portion the sums so advanced among
the several city funds nd! IN his hands;
-SaS W Wi never the s Expenses as ana OBJ
qigations incurred. chargeabie to any
particular fund Of the city in any fiscal
sorS seSg @ in the e Ss es
tire amount embraced in the tax levy
for that year for such fund, together
with eighty (sQ per cent Of the amount y,
current year to be received by said
fund from other sources. including such
amount as may remain in the fund from
officer, board or Official body Of the
City, shall have any power and no pow:
er shall exist to create any additional
.ad e7S
against that Particular fund, o.. when
iiabiNty against The city: but such adj
tional indebtedness attempted to be
created shall be q personal claim
the municipal board or Body Voting for or
(b) The city Clerk shall as soon a.
may be .a after the first day Of August in
Council Of the actual expense Of tho
city for the first quarter Of the then
current fiscal year. the AMOUNT Of the
the revenues .received from other sour
ces and If upon the making Of such re-
port II snail 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-
f1ciency 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 anu in de-
tail the source from which received.
The finance committee shall on or be-
fore the first day of September in every
year report to the Council an estimate
Of the amount required by the City for
all purposes for the then next ensuing
fiscal year, stating the amount required
to meet the interest and maturing
bonds, Of the outstanding Indebtedness
Of the City, and showing specifically
the amounts necessary to be provided
for each fund and also an estimate Of
the amount of income from all sources
Of revenue exclusive Of taxes upon
property. and the probable amount re-