Daily globe. [volume] (St. Paul, Minn.) 1878-1884, 1883-02-20

erecting thereon a building for the use
of said association, and such other purpo-
SEES as said board may prescribe.
| Resolred, That said association shall
Issue bonds to an amount not exceeding
fifty thousand dollars ($50,000) in denom-
nations of one thousand dollars ($1,OOO),
with interest coupons attached,
which bonds. shall bear interest at
the rate of 6 per cent. per
annum payable semi-annually at the Of
flee of the treasurer in the city of st. Paul
and be payable thirty years from the date
thereof, and shall be signed by the presi-
dent OF the board of directors and coun-
tersigned by the secretary and treasurer
and have the seal of the association at
tached, and both secretary and treasurer
shall keep record in their offices of said
bonds so issued, showing the number. date
and amount of eacn bond, and the name
of the person to whom it is made payable.
Said bonds shall be disposed of by the
treasurer at not less than their par value,
and the proceeds thereof shall be used to
pay for said site for said building, and
the erection of said building
and the improvements upon said
site. and for no other purpose
whatever, And said bonds shall be issued
only as required for the purpose aforesaid,
and shall be secured by first mortgage
upon the site so purchased and the build
ing so erected thereon, said mortgage run
ming to -, trustee for the holders of
said first mortgage bonds, to secure the
payment of the interest and principal of
said bonds, with the ordinary powers vest
ed in trustees in such cases, and a copy of
these resolutions shall be printed as re-
CURED on said bonds"
Resolred, That said association shall
further issue bonds to an amount not ex-
ceeding one hundred thousand dollars
($100,000), in denominations offve hundred
dollars ($500), with interest coupons at
tached which bonds shall bear interest at
the rate of seven ca per cent. per annum,
payable semi-annually at the office of the
treasurer in the city of st. Paul, and be
payable thirty (30) years from the date
thereof and shall be signed by the presi-
dent of the board of directors and counter
signed by the secretary and treasurer, and
have the seal of the association attached,
and both said secretary and treasurer shall
keep a record in their offices of said bonds
so issued, showing the number, date and
amount of each bond, and the name of the
person to whom it is made payable. Said
bonds shall be disposed of by the treasurer
at not less than their par value, and the
proceeds thereof shall be used to pay for
said site for said building, and the erection
of said building and the improvements
upon said site, and for no other purpose
whatever. And said bonds shall be issued
only as required for the purposes aforesaid,
cho11 ho NV
upon the site so purchased, and the build
ing so erected thereon, said mortgage run
ming to ----, trustee for the holders of
said second mortgage bonds, to secure the
payment of the interest and principal of
said bonds, with the ordinary power vested
in trustees in such cases, and a copy of
these resolutions shall be printed as re-
| quired on said bonds.
Respectfully submitted.
BANQUET TO THE LEGISLATURE.
The following resolution, offered by Mr..
| Oppenheim, was adopted without a dis
senting voice:
| RESOLVED, That committee of five be
appointed by the chair to make arrange
ments for banquet to be rendered the
state officers and members of the legisla-
ture by the chamber of commerce of the
city of st. Paul during the month of Feb
ruary, 1888.
| In accordance with the resolution the
chair appointed Messrs. Oppenheim, Muir
ray, Gen. johnson, VIM. Lindeke and DR..
Day,
| THE NEW COURT HOUSE.
Last week Mr.. McClung offered
resolution in opposition
to the proposed new court
house. When it was called up yesterday it
was instantly tabled.
SILVER COINAGE.
At the last meeting Mr.. D. R. Noyes Of
fered a resolution against the coinage of
silver dollars. At that time it was laid
over, and when it was brought up yester-
day it was laid on the table.
ISSUING MORE BONDS.
Mr.. Conrad Gotzian, one of the members
of the legislative delegation, stated that
the following bonds had been agreed upon
as desirable to have the legislature author
| ize. He desired to have an expression of
opinion by the chamber on the question of
whether or not it was desirable to have
bill pass authorizing the issuance of the
bonds enumerated as follows:
Park bonds $50, 900
Seventh street ... $4,000
Local improvements. ......... 20,050
Sewerage 100000
Workhouse $4,000
Court house Observation-Disclosures. 100000
Total. $685., Ooe
Capt. Berkey said it was desirable to
have the authority to issue the bonds. He
saw no escape, and on motion of Mr.. Muir
ray the schedule was approved.
| ETRR-URBAN PARKS.