The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1922-09-15
SUBSCRIBE FOR THE PIONEER
RESOLUTION NO. al

At regular meeting Of the City
Council Of Bemidji. Minnesota, held in
the Council Chambers in the City Hall
1922. at s o'clock P. NJ, the following
was introduced by Alderman
Lloyd, who moved it's adoption:
y A Resolution directing that the Ques-
ton Of issuing and selling Fifty Thou
sand ($50,000.00j Dollars Permanent
Improvement Fund Bonds, of the City
Of Bemidji, for the purpose OF paying
outstanding warrants against said fund.
Issued. or to be issued, in payment for
tenn. and for the Detention Hospital. in
stalled and constructed in said city. be
submitted to the legal voters of said
city, at the general state and county
election to be held in said city on the
7th day of November. 1922, and that the
said question be submitted in two sep
arate and distinct propositions as here
in set forth.
WHEREAS. There exists in the City
Treasury OF the City Of Bemldji, fund
Fund" into which there shall be paid
all amounts realized from the sale of
bonds issued on account Of this fund,
and out of which fund there shall be
paid the cost of all real property and
nents thereon. which the city may own
or acquire for its various purposes; and,
WHEREAS, Warrants have been drawn
on said fund which, together with the
interest to accrue thereon, will amount
to the sum 81 Of approximately Forty
rants having been issued for the pur-
pose Of paying for the installation of an
electric lighting system in the streets
of the said city. commonly known
as 1.-THE White Way" and,
WHEREAS. Warrants nave been or
will be drawn on said fund which, to-
oofhar with the intaraSt Tn thara-
on, will amount to the sum of approx
imately Ten Thousand ($10,000) dol
lars; said warrants having been, or to
be issued for the purpose Of paying
a detention hospital in said city; and
WHEREAS. There is no money in
sadi Fund or in any other fund Of said
city to pay for said warrants; and.
WHEREAS, Large benefits have ac-
crued to the general public and to the
citizens of said city by reason of the
making Of said improvements; and,
WHEREAS The issuance and sale Of
bonds, in the amounts above stated, will
not increase the debt of said city be-
yond the limitations set forth in its
charter, or as otherwise provided by
law; and,
WHEREAS. Proposed Ordinance No.
129 has been duly submitted to the City
Council, Of said city. and is now re-
ceiving its readings preliminary to it's
passage. approval. and publication, and
wherein due provisions are made for
the issuance, sale, and payment of said
bonds, and Of the interest to accrue
thereon; .
RESOLVED: Section THAT the
question of the issuance and sale of
said bonds be submitted to the legal
voters. Of said city. at the general state
and county election to be held in said
city on the 7th day of November, 1922.
and in the form Of, two separate and
distinct propositions substantially as
follows:
Proposition No. 1.
s'Shall bonds be issued by the City of
Bemidji under the provisions of Sec
ton 9, Chapter vi. of the Charter of
said city, and Ordinance No. 1923 Of said
city. to the amount Of Forty Thousand
($4O, 100000 Dollars, bearing interest at
the rate of six 60 per centum per an
mum. for the purpose of. and on &C
count of, the Permanent Improvement
Fund; the money tllerefrom to be used
for the specific purpose Of paying the
outstanding warrants issued against