Little Falls herald. [volume] (Little Falls, Morrison County, Minn.) 1889-1950, 1920-04-16

AGE EIGHT.
plants. Such bonds or certificates Of in.
& aebtedness 50 issued shall be specific
Hen upon such plants named in such
5. For benefit of the permanent re-
n ins seSentyef,ve Pc per e cent us p c. Of the
total cost of any Improvement, made
under the provision Of chapter vi. Of
Ssor or GS ndsf the Of nS law
OF the State Of Minnesota. and the cost
aEof which shall not have been assessed
F. thf The SsRna of the
/ exceeding the cost Of public Improve
ments in street. avenue and alley inter-
citing real estate not subject to special
assessments for local improvements:
provided that one years interest on.
twentieth S1-se> Of the principal Of al!
such bonds outstanding shall be levied
annually against the taxable property
fund Tor payment Of interest upon and
the redemption of said bonds.
(b) Bonds of the City shall in no
than ave year and one Saif per- Cent Is
per annum and shall in no event be
sold for less than par value thereof and
accr%ed interest and they she'll run tx tx
nor less than one ~ year and shall be
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 gs or c GER
OF Indebtedness.
The i nae Of the City provided id
indebtednes sue Of t Tie City shall II in no
coed ter (io> per cent Of the total yal-
,secordins to the last preceding assess
ment for the purpose of taxation. PRO-
vided. however. that bonds or certifl-
Of the purposes so provided 'S Tor ri in sub.
divisions 2, and of Paragraph q Of
this section shall not be taken to be .
part Of the indebtedness Of said City
Sec 81. BT G1eG GT q c6 Sun S1a TREAs-
made de hs dty Ct the
his accounts SO as to show at all times
the City in the collection Of taxes and
BY the For wSieh
they. were levied and the respective
portions thereof which are for interest
2n so es e
e A as :es sy afs TIE e Stg e K the
Auditor Of Morrison County quarterly
Trs.sa;sr IL fsver q the city Tsessas::
fGs s In the to s y sn
another warrant for ali money Collect
ed ON account Of special assessments
t Ss1';cnei2g l.; e TIE cry; era upon PTesen-
urer Of Morrison 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-
Gil . statement showing the separate
e Of ana srf
ed for and paid over to the Treasurer
wth %hom FUNDS Of .ai Sass
~ are deposited az have accrued upon
funds arising from city taxes and as
sessments so deposited with such coun-
officer or board shall have any authori-
ty or power to refund. reduce or abate
any special assessments:
settlements provided for BY law there
shall be a lack Of funds in the City
treasury for any purpose and there
which shall have been collected on ac-
count Of city taxes or assessments the
County Treasurer shall on application
ever such funds as shall be estimated to
be the amount collected on account of
s s,,ch ctty taxes and assessments and
and adjusted at the next regular SsS setti el
The city Treasurer shall forthwith
after such settlement adjust and ap-
portion the sums so advanced among
see s. f csz 1' 81 E 3 aeFft
la Whenever the expenses and OBJ
particular fund of the city in any fiscal
year. are sufficient in the aggregate to
absorb abs eighty (So) per cent Of the en-
for that Year for such fund, together
with eighty (So) per cent Of the amount
estimated In the apportionment Of the
yer to be reeeved by sad
amount as may remain in the fund from
' ne levy OF any prior year or years. no
Indebtedness (save as the remaining
twenty per cent i {sS.P e}9f said tax lsyy
against that particular fund, or which
shall be in any manner a valid claim or
ttia ann3 agatnst the city. but such addi-
created created s shall a,, be personal claim
the municipal board or body voting for
or to create the same.
o. The City Clerk shall as soon a.
may be after the first day of August in
each year make report to the City
Council Of the actual expense Of the
city for the first 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 it 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
the current expense of said City in such
manner as may be deemed advisable.
In AZ CONTRACTS for lighting the
the amount of service on account of de-
ficiency Of revenues shall be reserved:
Sec. SO. TAX LEVY.-The City
Treasurer shall on the first day of Sep
tember, Of each year report to the City
Council the amount of all revenues re-
ceiVed bY the City for the wear ending