The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1932-08-12

o'clock p. NJ, by Mayor w. p. Wolf.
Present: Aldermen Banovetz, Homer,
Kapsch, Koschak, Tauzell, Thompson,
Mayor Wolff.
| Absent: None.
| Request from the City Engineer for
one jackhammer drill was read.
| Moved by Alderman Kapsch, sup
ported by Alderman Banovetz, that the
requisition be accepted and filed and
referred to the Sales and Purchasing
Committee with power to act Carried.
Communication of Adolph Kumpula,
requesting more work from the City,
was read, ordered filed, and referred to
the Labor Committee.
The following contract estimates were
taken from the table:
Kapphahn-Maturi & Son, Ely-Burnt-
side Water Main Installation Contract,
Final Estimate, $6,680.21.
Dohm Building Company, BURNSIDE
Pump Station Contract, Final Esti-
mate, $1,558.16.
| Moved by Alderman Banovetz, sup
ported by Alderman Homer, that the
estimates be accepted and filed, and
the City Clerk be authorized to draw
orders on the City Treasurer in pay
ment Thereof, upon said contractors
having furnished proper evidence that
all creditors have been paid. Carried.
WHEREAS on July 10, 1892, the City
Council of the City of Ely did pass
resolution in which it was made to
appear that the City Council deemed
it expedient to issue to the State of
Minnesota the bonds of the City of Ely
in the aggregate sum Of one hundred
fifty thousand dollars ($150, 100000, the
/ proceeds of said sale of bonds to be
used for the purposes in said resolution
set out, the said resolution also calling
for a special election of the electors in
the City of Ely on certain date to vote
on the issuance of said bonds, and
WHEREAS the bond issue appeared
to be very necessary in order to raise
funds to meet the increased demands
for labor from the City, which said
increased demands were due to the cur
tailment by the mining companies of
their mining activities with the resulted
decrease in the labor needed by them,
and
WHEREAS before the said bond
issue resolution was voted on, on July
10, 1882, the city council had studied
the situation for some five months and
finally decided, it being very evident
that the funds of the City of Ely would
be depleted by the end of 1882, that the
best plan for financing city expendi-
lures after the depletion of the city
funds would be the issuance of over
due city warrants which said warrants
could be paid from the moneys of next
year but which said warrants would
necessarily have to be held for some
three or four months before payment,
and to that end the City Council
sought definite assurance that the over
due warrants would be negotiated and
carried until the moneys for the vari-
GUS city funds were forthcoming for
the next year, but was unable to get
any such assurance, and
WHEREAS it did not appear that an
issue of warrants over the amounts in
the city funds could be taken care of
in any manner, and
WHEREAS it appeared to the City
Council that the next best plan would
be the issuance of the bonds of the
City of Ely to the State of Minnesota,
as in a resolution of July 10, 1892, set
out, in accordance with which opinion
the City Council proceeded on that date
to take the initial steps for the pro-
curement from the State of Minnesota
of the sum of one hundred fifty thous-
and dollars ($150, 100000 from the sale
of city bonds to the state, but
WHEREAS since the adoption Of
such resolution the Council has re-
ceived assurances which in its opinion
make it reasonably certain that the
warrants of the City of Ely issued in
anticipation of the collection of such
taxes can be negotiated without dis
count, thus avoiding the necessity for
the issuance and sale of such bonds for
the purpose, and
| WHEREAS various taxpayers have
appeared before the council and re-
ouested that it meet the difficulty
through the issuance of such warrants
rather than by the issuance Of bonds,
! and
WHEREAS this is exactly what the
City Council always thought was the
best plan and much to be preferred to
the issuance of bonds, but which plan
they could not heretofore follow out
because of uncertainty as to whether
or not the warrants would be carried,
and
WHEREAS it now appears that war
rants so issued can and will be taken
care of,
NOW, THEREFORE, BE TT RE-
SOLVED by the City Council of the
City of Ely, meeting in adjourned regu-
lar session this 9th day of August,
1882, that the resolution adopted on
July 10, 1892, for the purpose Of voting
on said bonds, be and the same here
by is, for reasons hereintofore set out,
rescinded.
The above resolution was offered by
Alderman Homer, who moved its adop-
ton, and seconded by Alderman
Kapsch.
The vote was as follows:
Ayes: Aldermen Banovetz, Homer,
Kapsch, Koschak, Tauzell, Thompson
and Mayor Wolff.
Noes: None.
Moved by Alderman Koschak. sup