Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1931-05-07
3. E SESSION OF 1881.
school buildings, grounds
equipment therefor.


!, Be it enacted by the legislature of
1 the State of Minnesota:
1 Section 1. That in any city of the
second class in the State of Minnesota
and not operating under Home Rule
J Charter, the Board of Education is
hereby authorized and empowered to
issue and sell bonds of said City to
an amount not exceeding 500, 600 OC
for the purpose of providing funds
for the erection or replacement of
school buildings and to provide equip
ment, heating and lighting apparatus
and other necessary equipment for
the same and to secure additional
grounds If required for a site for such
building. providing, such issue shall
have been authorized or may be au-
thorized, by vote of a majority of
the electors of such city voting up
on such proposition providing for the
issuance of an aggregate amount of
bonds for such purpose within a pc
Rod of two years just preceding such
Issuance.
Sec. 2. Such bonds shall be of the
denomination of 100000 each and
shall bear interest to be represented
by coupons attached thereto at the
lowest attainable rate, not to exceed
four and one-half per cent per an
mum, payable semi-annually. The
/ principal thereof shall be made to
mature and fall due at such different
times and in such amounts as said
Board may prescribe, providing how
ever that all of the said bonds shall
be made to mature and fall due at
or before five years from the date
of issuance thereof. Said bonds and
the coupons attached thereto shall be
signed severally by the President and
the Clerk of said Board and drawn
payable to bearer, and shall have the
seal of said Board affixed thereto.
I Sec. 3. Such bonds shall not be
sold at less than their par value, and
the proceeds arising from their sale
shall be deposited with the city treas
urer and held subject to the order
of said board for application to the
purposes for which the bonds were
issued. The full faith and credit of
each such city shall be pledged and
all of the taxable property in each
such city shall be liable for the pay
ment of the principal and interest of
said bonds when issued. Provided.
however, that no bonds shall be issued
under this act if such issue shall
make the total indebtedness of said
city aggregate more than ten per cent
of the assessed valuation of such city
according to the last preceding assess
ment.
Sec. 4. When any of the bonds
herein authorized shall have been
issued and sold as above provided
it shall thereafter be the duty of the
board of education to provide for and
secure the levy of an annual tax of
such amount as may be necessary
to pay the principal and interest of
such bonds as the same become due,
and such annual tax shall be GER
titled, levied and collected in the
same manner as other school taxes
are certified, levied and collected and
when collected shall be paid c--er to
the city treasurer to be applied to
the payment of the principal and in
terest of said bonds and to no other
purpose.
Approved April 1, 1881.
CHAPTER 1l5-S. F. No. 30.
AN ACT authorizing the issuance and
sale of trunk highway bonds of the
State Of Minnesota under the pro-
visions of Section of Article Is of
the Constitution of Minnesota.
Be it enacted by the Legislature of
the State CT Minnesota:
! Section l. The issuance and sale of
bonds by the State of Minnesota I'M
der the provisions of Section 4 of Ar
ticle 16 OF the Constitution of Min
nesota is hereby authorized in an
amount not exceeding the sum Of S10,-
COO, 10000 par value, during the Calen.
dar year of 1881. and in an amount
not exceeding the sum Of S1O,O00,-
10000, par value, during the calendar
year of 1892, CT so much of said
amounts as can be lawfully issued in
each of said years. and the full faith
and credit of the State of Minnesota
is hereby irrevocably pledged to the
payment of the principal of said
bends and the interest thereon Said
"''"s ehall be issued and sold, on
competitive bids after reasonable rn-
tice, by a board consisting of the
state auditor, the state treasurer and
the commissioner of highways, under
such rules and regulations and in
such form and denomination as said
board shall determine, shall be attest
ed by the secretary CT state, and
shall be sold for not less than par
and accrued interest Such rules may
provide for the registration. CONVEX
sion and exchange of the bonds so
issued.
Sec. 2. OF the bonds so issued dur
ing the calendar year of 1881, 81 ,O00,
O0C.0O shall mature in the year 1871
and $1,000 100000 shall ma ture in each
year thereafter. OF the bonds so is
sued during the calendar year of 1892,
81 900, 10000 shall mature in year
1894 and $1,000, 10000 shall mature in
each year thereafter. No bends shall
be issued for term exceeding twen-
ty years. Said bonds shall bear inter-
est at a rate not exceeding Az per
cent per annum. payable semi-annu-
ally. The state auditor shall keep a
record showing the number, date of
issue and date of maturity Of each
such bond.
Sec. 5. The proceeds of the sale of
said bonds shall be paid into the!
treasury of the state and credited to
the trunk highway fund. Said bonds
shall be redeemed and the interest
thereon paid from the trunk highway
Striking fund.
Approved April 2, 1881.
CHAPTER Ills. f. No. 23l.
AN ACT relating to unauthorized
practice as attorney or counsellor
at law and relating to foreclosures
and proceedings in courts, prohibit
ing certain acts and practices, pro-
viding for penalties for violation of
this act, and repeating General
Statutes 1923, Section 1887.
Be it enacted by the Legislature of
of the State of Minnesota:
Section 1. (a) 1t shall be unlawful
for any person or association of per-
sons, except members of the Bar of
Minnesota admitted and licensed to
practice as attorneys at law, to ap-
pear as attorney or counsellor at law
in any action or proceeding in any
court in this state to maintain, con-
duct or defend the same, except in
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