The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1920-03-01

| Section A.. H me- SAID bonds shah be
signed BY the: Mayor, .attested by the
City Clerk. and sealed. with the Cor;
seal Of sad thef
t sas Ssnaen Sc
~ sa shs ayos sna c cer sd
officers in this paragraph mentioned
are hereby authorized, ordered and d.
to he sssd ana IN
! the forms respectively hereinabove
set forth, and to- execute the
sane same for ana OF oe mannep OF afe aea
said, and when said bonds shall have
been so executed as aforesaid, their
byg saS ot2 or Sy az any eeS
poration for orcon its behalf for any
reason whatsoever.
| Section s., That the interest falling
I-due on said bonds on November, 1st., A:
t'D: 1920, and May LIST and November 1st,
49, s ana N be ana "a ao
ordered appropriated and paid by. the
City Treasurer from the general or
Of e Ike
funds to reimburse said fund for the
amount 50 borrowed from 1t. and also
Son 9sy su sny S TO Tovember ist, 4.
D. 1922, promptly when and as the
same. falls due, and also to pay and
at matarity, there Shall be and BY this
Ordinance, there is hereby levied, upon
all the taxable, property in said city
BAY pay the Interest on said bonds as It falls
duetand to Pay and distchasge the prln
Section s. It shall be the duty Of
the Mayor of said city, and all other Of
fcers of said city, and they are hereby
the manner provided by law for the
levying Of other city taxes to ratify and
carry out the. provisions hereof with
requiring the 'offieers Of and for said
city to- levy, extend and collect such
takes in the manner provided. by law
pay the semi annual interest upon said
bonds. promptly when and as the same
falls due, and to pay and discharge the
which said.~tax shall be collected as
are the other general taxes of SAID
city; but nothing herein contained shall
from applying any other funds that may
be in the Treasury and available for
,, that purpose in the payment Of said
interest or principal as the same res
, pectively mature.
Section 2. That on the 18th day, days Of Of
each year, SO long as any of the interest
coupons appertaining to the bonds here,
by authorized to be issued. remain out.
shall, and he is hereby authorized, ord
cred and directed to remit out Of any
, moneys in his hands belonging to- said
the institution at which said bonds are
payable, a sum sufficient to pay IN tull
the, semi annual interest accrulng on
said bonds on the first days of May and
and fifteen days previous to the date Of
maturity Of any Of SAID (, BONDS: the NY Gtty
, orized, ordered and directed to remit out
of any moneys in his hands belonging
SAID ety to the b pass ana nayabie
cipai amount of all Of said bonds then
maturing.
!. Section s. That said bonds when so
executed, shall be and they are hereby
to the d2f the
City Treasurer, the said Treasurer shall
sSect e the erder Of Myos
| and City Council of the City to be used
solely for the purpose Of and on &C.
f f"na Of Sf s shd ETY. cHE%ane"'
city, the Clerk and Treasurer and al
other Off GERS, respectively, of said CITY
rected to furnish the aforesaid pureh-
asers of said bonds with such certifi-
Gates, transcripts, ordinances or other
PROCEEDINGS had relative to the issuance
Of said bonds, the regularity and suf-
fciency thereof, ana the afts ser Of any
the p sI are hereby declared auth
Section -. That It Be ana It IS, here :,
all conditions; acts and things necessary
and essential to the validity of the
bonds Of said city hereinabove mentions
fuy 1y nave
| Section II. That the provisions Of
and Interest coupons issued + pursuant an
are hereby declared to be binding and
! irrevocable contract between said City
! and the purchaser Of said bonds and
Of said bonds and the interest coupons
Section Il. That any and al ordin-
Vent Vent the passage and adoption Of this
Ordinance at this meeting, be, and the
Section is. Whereas, 1t is necessary
| for the immediate preservation OF the
public health. peace and safety OF said
by declared to exist and this Ordinance
declared to be Of the UTMOST urgency:
s Whereas ca BY Resolution of the City
| Council of said City passed ana apprOv-
ed on the 10th day of January: A. d.
1920, a special election in said City was
called to be held on the 18th day of
February, 4. ,; 1920. for the pgrPos;ss
City, the question Of the ratification of
1.-THE issuance of said bonds. -,
=, Now, Therefore, This Ordinance. shall
flake effect and be in force if majority
| Of ali the electors Of said City voting
/ at said election and voting upon such
| question, shall vote in favor of the Is
suance Of said bonds, and after its pass
age, approval and publication.
| Section 49, That after the taking ef-
feet Of this Ordinance as provided in the
/ foregoing Section, the said ORDINANCE
| shall be frrepea1able until the indebted
| ness hereby created, both as to prtn-
| cipal and interest shall have been fully
paid, satisfied and discharged.
Section 16 That said bonds If auth
shall be sold by. the City Of Bemid1i to
the highest bidder after due notice of
| the sale of such bonds shall have been
| given by publication, in the manner and
as required by tn, provisions ms. Of the
Of the Laws of said State, Of the City
/ Charter of said City, of the ORDINANCES
| Of said city, and of the Resolutions Of
! the City Council thereof, and all amend
| ~, 70 thereto and, SuDDlementS there.