The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1933-01-20

property, and all rights therein and all improvement
which the City shall acquire for its various purposes
and the payment for which is not otherwise provided
for out of other funds, and also for the purpose
paying such portions Of the expenses of local i'm
provements shall devolve upon the said City
There shall also be paid into this fund all moneys
received from the sale of any permanent improve
ments or property of the City, not otherwise dis
posed of under this Charter, and also such amounts
as may from time to time be realized on account Of
this fund
(c) Permanent Improvement Revolving Fund
which shall be used to finance local improvements
that to be paid for, in whole in part, from
special assessments against benefited property
There shall be paid into this fund all moneys col
ected from all special assessments levied under this
Charter for local improvements; moneys that may
be realized from the sale of bonds, warrants, and
other certificates of indebtedness authorized therefor
in this Charter, and all taxes levied to maintain the
integrity of the fund. There shall be paid out OF
this fund all expenses and costs of the improvement
projects that financed through the fund, the
demption of all the revolving fund bonds, warrants
and certificates of Indebtedness transfers to the
General Fund of any unencumbered surplus of the
fund.- at the discretion of the Council, and abate-
ments of assessments and refunds of receipts in
error.
(d) Police Fund which shall be under the
control of the Police Board herein provided for and
into such fund shall be paid all amounts received
from the sale of any property under the control of
such Board and appropriations thereto, and all
taxes and interest and penalties accrung thereto by
reason of the levy of any taxes for such Board and
the proceeds of any gifts made to said Board and
out of such fund shall be paid the expense of such
Board, and all salaries and the costs of the ac-
QUESTION, maintenance, and operation of the Police
Department of the City, and the property under the
control of such Board.
(e) A Fire Department Fund, to provide for
payment of salaries fire calls supplies, new appara-
tus and the maintenance and support of the Fire
Department.
(f) A Library and Armory Fund, to provide for,
support and maintain Public Libraries Reading
Rooms, Armory or Auditoriums any other public
buildings to be used for social civic purposes.
(g) An Interest Fund, for which there shall be
levied sum sufficient to provide for the payment
of interest to become due during the next fiscal year.
upon all bonds, certificates of indebtedness or any
other interest that may accure during the said year
Out of such fund interest only shall be paid.
CHI Sinking Fund to provide for the payment
of bonds and certificates of Indebtedness of the City,
at before maturity. For the maintenance of this
fund, there shall be levied annual tax of not to
exceed 10 mills dollar of the assessed valuation
of all taxable property of the City, This fund shall
be applied only to the principal of bonds certii-
Gates of indebtedness issued by the City.
ID A Park Fund, to provide for the improve
ment, support, equipment, maintenance, and opera
ton of parks system of public parks of said City
Cd A Contingent Fund. From the General
Fund the Council may in every year by resolution
appropriate sum not to exceed Five Hundred
Dollars for contingent expenses incurred to be
Cured by the Mayor to be used as an urgent
necessity fund.
(k) Public Utilities Fund to provide for the
acquisition, construction, extension maintenance,
and operation of any water, power, heat, and light
plant or utility now hereafter owned operated
by the City, including the payment of the interest
any bonds other indebtedness which may be lien
upon such utilities This fund shall be under the
control of the Utilities Board There shall be paid
into this fund all moneys derived from the sale of
bonds certificates of Indebtedness issued account
of any water, power, heat and light plant and from
the sale of any property acquired for, used in
connection with, any such plant or plants and the
proceeds of all taxes and special assessments levied
account of in connection with any such plants,
either of them, and also moneys received from the
operation of said plants either of Them including
water, power, heat, and light rates, rentals, and
penalties. There shall be paid out of this fund the
cost of the purchase construction, extension, opera
tion maintenance, and repair of water, power heat
and light plants, or either of Them including the
interest upon all bonds other indebtedness which
may be lien upon such plants or either of them.
Any surplus in the said fund may be used for the
purchase of any bonds certificates of Indebtedness
issued against said plants either of them and for
the payment of such bonds other certificates of
indebtedness upon their maturity. Should there be
any surplus of moneys in this fund beyond the needs
thereof the City Council, upon written request of the
Utilities Board, may, by resolution direct such sur
plus any part thereof to be paid and transferred