The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1922-10-18
Mayor

ate seal Of said City, which seal shall
be impressed thereon; that each or the
interest coupons to be attached to- each
| offsaids bonds shall hessxecuted by the
sn ayor and 1e eiss eissR offissrs
in this paragraph men i0AedsAre, heseDy'
|autiiofized. ordered and directed, 40:
cause said bonds and coupons to be pre-;
pared srhstah allS In the forms Teas
esssaxs. ,hs sas es
said city as and In the Sma1lner afeIesatd
and when safd bonds shall have been
executed as aforesaid. their Legality
shall not be open to contest by said CITY
g by any person e sGp l Whatr
ssection s. That the interest falling
due On said bonds On July 2, 1923 and
January = 1924. shall be and the same
is hereby ordered. appropriated ana ana
general or expense funds of said city,
and for the purpose Of providing the
necessary funds to reimburse said 1nna
for the amount 80: borrowed, from ~,
and also to pay the interest :acerulns
on said bonds subsequent to Jan. z
1924 promptly when and as the same
falls due, and also to pay and DISCHARGE
the principal of said bonds At maturity
there shall be and, by this Ordinance,
there Is hereby levied upon all OF the
SstlNA N1Sy
to All other taxes. a direct annual ad
valorem .tax surf icients To pay the M
terest on said bonds as it falls due ana
to pay and discharge the prlnctpal OF
said bonds AT maturtt a:ss :. !. ~;
SECTION s: 1t shall be ethe duty or enc
Mayor OF said city and all other Officers
of. said CITY, and they are hereby re-;
suuired annually atasthe time and IN the
manner provided by law for the !eVylng.
Of other city taxes to ratify and carry
~ @NrJitI h r..
Gence to the levying Of taxes and Irequ3r-J
ing the Officers, Of and for said CITY 10
lew extend and collect such taxes IN
the manner provided by law TOT the
purpose Of providing funds to pay tne
semi annual interest upon h sala on,e o Saiis
due. and to pay and discharge the
principal Of said bonds at maturity,
which said tax shall be collected as are
the other general taxes OF SAID clty'. OUT
nothing herein contained snaid -, p sro So
applying any other funds that may pe
in It's Treasury and available TOR that
purpose I'm the payment or SAID 1ntel-
est or principal as the same respec-
Section = THAT on. the 18th days Of
June and December respectively in: each.
year, SO long as any Of the interest,"
coupons appertainfng to the bonus
hereby authorized to be issued, remain
outstanding and unpaid, the City ;IIeas-'
urer. shall, and he is hereby authorized:
ordered and directed to remit out or
any moneys in his hands belonging 10
said city, in the form Of check or draft
to the Institution at<which said bones
are payable, sum sufflc1ent 70 pay ~
full the semi annual, interest, ,accrulng
on said bonds on the End days OF July
and January, respectively in each year;
and fifteen days previous to the Date
Of maturity Of ANY of said bonds, tne
City Treasurer shall and ne IS hereby
authorized, ordered. and directed TO re-
init out or any moneys in his hands be-
longing to said city to the place and IN
stifutfon at which said bonds are pay
able q sum, sufficient to pay in full
the principal amount Of all said bonds
Section s. That said bonds when SO
executed shall be- and they are hereby
ordered deliveredsto the lawful pur-
chaser thereof upon payment OF the
agreed purchase price therefor to- the
urer shall hold the proceeds thereof as
a separate fund subject to the order Of
the Mayor and city Council of the
City to be used solely Tor. the purpose
Of and on account of the Permanent
Thousand (&4o.o0oy dollars Of which to
be used for the; specific purpose of pay
ing warrants outstanding against sa1d
FUND, issued In payment for The
White Way" electric lighting system
and Ten Thousand .t310;eoo) of which
paying the warrants, outstanding
"a gainst said Fund. issued i'm payment
for thei construction and equipment OF
q detention hospital, in said city, *; J,
+ Section 9. That the Mayor :sof satd
City, the Clerk and Treasurer and AZ
other officers. respectively, OF; said City
are hereby authorized, ordered and di-
rected to furnish the aforesaid pur-
chasers of said bonds with such GER
tlficates. transcripts ordinances or
the proceedings had relative to the Is
suance Of said bonds. the regularity and
sufficiency thereof, and the acts OF any
one, either or all Of said officers, and
the premises are hereby declared auth
orized. ratified, approved and confirm
ed. -.
Section 10. That it be and it is here
BY certified, 'recited and warranted that
all conditions. acts and things neces-
sary and essential to the. validity or
the bonds of said hereinabove mention
ed and required by law to be done,
have been fully done and performed.
Section IL. That the provisions OF
this ordinance and of each Of the bonds
and interest coupons issued pursuant
hereto shall constitute and the same
are hereby declared to be a binding and
irrevocable contract between said City
and the purchaser of said bonds and the
holder from time to time Of each of said
bonds and the interest coupons thereto
appertatnfhg. ~ ..sE
+ Section y. That the question of is
suing said bonds be submitted to the
legal voters of the said City Of Ben1idji
at the general state and county cleo
tfon to be held in said city on the 1th
day Of Eovember.:1922 and as set forth
in the proclamation Of the Mayor and
resolution, of the City Council of said
city: and that said question be 50 sub
mitted in the form Of two separate and
distinct propositions substantially as
PROPOSE ton No. i So & b. s 81 ts
"Shall bonds be issued by, the City of
Bernidji under the provisions OF section
g., Chapter VI or the Charter t5 of said
city, and Ordinance No. 129 of said city
| to, the amount Of Forty Thousand $40
000) dollars. bearing interest at the
rate of SIX (63&iP per centum per annun'
for the purpose OF. and on account OF,
the Permanent IMPROVEMENT Fund; the
money therefrom to be used for the
! specific purpose s0f paying the ONE
standing warranta issued against said
Fund In payment for the liberalization OF
1.-THE White@sWay.. sseleetfie lighting
system. ~. ri - > = - = '
Proposition No. .2.sss4s,,i...s ,y.a4i...,
.l"Shaf bonds be fssledt bEsthe city sof
Beuidji under the provisions Of section
3. Chapter vi ofslthex Chart rBsof said
city. and Ordinance NO. 129 of said city
ooo5 dollars. beaffng intsfsst 1t the
rate of six ICY s,perrcentpm per annum.