Morris tribune., 1883-04-18

chase of $4,000 of Bonds of Stevens
county, Minnesota, authorized by the
acts described in the last resolution,
be and the same is hereby accepted,
/ and the Chairman of this board and
the County Auditor of said county, are
hereby instructed to prepare and exc
cute said Bonds and deposit them in
escrow.at The First National Bank,
/ st. Paul, according to the terms of
said proposition, and the County Au-
| ditor is hereby instructed to spread
said proposition on the records of the
Board for reference as the contract for
the sale and delivery of said bonds.
Proposition:
ST. PAUL, March "A, 1873.
TO the Board. of County Commission
ers Of stevens County, Minnesota:
GENTLEMEN The Stevens County
Bank having made you proposition
to take $50, 900 of the Bonds of Stevens
county, about to be issued under two
acts OF the Legislature of Minnesota,
approved February I'd, A. ID. 1888, with
a view OF placing them with me, and
said proposition having been accepted
by you, but as a legal question has
arisen growing out of the claim of said
bank for commission, and to obyiate
such question said bank has with
drawn their said proposition for said
bonds, dated March Goth, 1888, now
propose to purchase at the par value
thereof said issue of 100000 of the
bonds of Stevens county, on the fol-
lowing terms:
The bonds are to be for 81 600 each,
and to bear date April 10th, 1888, and
fall due July 1st, A. d. 1913; to draw
6 per cent. interest, commencing July
lst, 1898, payable annually; principal
and interest payable at the First Ma
tional Bank Saint Paul. The bonds
to be issued and deposited in escrow
in the First National Bank, st. Paul,
to be paid for by me on resolution of
the Board of County Commissioners
OF Stevens county, either in INSTALL
ments oras a whole as required, at the
par value thereof, with accruee inter-
est on such bonds as shall be delivered
to me after July 1st, 1888, and for such
bonds as shall be delivered to me prior
to July lst, 1883, | will pay the par
value thereof. but i am to be allowed
and paid interest at 6 per cent. on such
bonds at the time of delivery and up
to July 1st, 1888, when the bonds be-
gin to bear interest. All of said bonds
are to be delivered to me and paid for
on or before September 1st, 1888, so
that said county shall realize the par
value of every one of said bonds in
either case.
Very Respectfully,
ID. c. SHEPARD.
On motion, the following resolution
was adopted:
ResOtUed, That the First National |
Bank of ST. Paul, is hereby authorized |
to turn over to d. c.. Shepard or his
ten thousand dollars
(Sl0,000l of the bonds of Stevens coun-
ty, upon his placing the funds there
for in said bank to the credit of the |
County Treasurer of said Stevens
county.
The Morris TRIBUNE presented a bid
for County printing at legal rates.
On motion, the bid was accepted
and the Morris TRIBUNE have the
for County printing, for the
year.
The following bills were audited and
allowed by the Board:
Geo Grow, supplies county poor
MIS- Dunleavy, $11 81
A Benson, care county poor, 43 so
James AJohnson, supplies teach
ers institute, Z Is
D L Wheaton, surveying etc, 90 /
stevens Co Bank, services nego-
tiating bonds, $50 90
Il l. Hulburd, services coroner, Is 40
The report of the meeting of the
Building Committee is as follows: