Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1937-05-06
CHAPTER Ssh. F. No. 1907
A BILL


FOR AN ACT relating to the finan-
cial affairs of villages having a
population of more than 800 and
less than 1900, and an assessed
valuation Of taxable property, ex-
elusive of moneys and credits, of
more than S775,0O0.00 and less
than $1,000, 100000, more than 1919
of which consists of iron ore; fix
ing the annual salary. of the presi-
dent and trustees of such villages
and including and prescribing the
liability Of officers and employees
of such villages for violation of
its provisions.
Be it enacted by the Legislature Of
the State of Minnesota:
Section /. This act shall apply to
all villages in the state which have
population of more than 800 and
less than 1900, and an assessed valu-
alton of taxable property Exclusive
of moneys and credits) Of more
than SITS 100000 and less than ST.
100000, more than 7Oeo Of which
assessed valuation consists Of iron
ore.
Section 2. From and after January
1, 1888. no such village shall draw
or issue any order or warrant on
any fund until there is sufficient
money in such fund to pay the
same, together with all warrants
and orders previously issued against
such fund.
Section 3. Whenever from and
after January l, 1888, the expenses
and obligations incurred chargeable
to any particular fund of such VIII
lage in any calendar year are SUI
ficient to absorb 900 of the entire
amount Of the tax levy for such
fund payable in that year, including
such amount as may remain in the
fund from the levy of the prior year
or years, neither the village coun-
Gil nor any officer, board or en-
ployee Of such village shall have
power and no power shall exist to
create any additional Indebtedness
(save as the remaining 1919 of such
tax levy is collecte6 which shall
be charge against that particular
fund or shall be in any manner a
valid claim against such village;
but such additional Indebtedness,
If attempted to be created, shall be
a personal claim against the officer
or members of the municipal board
voting for or attempting to create
the same; and in no event shall the
village council or any officer, board
or employee of the village have the
power and no power shall exist to
create any Indebtedness which
shall be a charge against the village
In excess of the local income and
the tax levy payable in that year
for the use of particular depart
ment, board or official body, less
the amount required to be paid each
year therefrom on bonds herein au-
thor1zed and interest accruing there
on. AT any time after the annual
tax levy has been certified to the
county auditor and not earlier than
october 10 in any year, the govern
ing body OF such village may, for
the purpose OF meeting the obliga-
lions of the ensuing year, by reso-
luton issue and sell as many certi-
ficates of Indebtedness as may be
needed in anticipation Of the COL
lection of the taxes so levied for
any fund named in said tax levy,
for the purpose Of raising money
for such fund. No certificate shall
be issued and outstanding for any
separate fund exceeding 500 Of the
amount named in the tax levy for
that fund as spread by the county
auditor, and in no event exceeding
the uncollected portion Of said levy.
No certificate shall be issued or be-
come due and payable later than
December 81 Of the year succeeding
the year in which such tax levy,
certified to the county auditor as
aforesaid, was made. Such certi-
ficate shall not be sold for less
than par and accrued interest and
shall not bear a greater rate of in
tereSt than six per cent per annum.
Each certificate shall state upon its
face for which funds proceeds Of
the certificates shall be used, the
total amount of the certificates is
sued and outstanding against such
fund, and the whole amount en-
braced in the tax levy for that par
ticular purpose, They shall be