The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1899-08-19
BOARD OF
EDUCATION
fContinned from last week.l

following resolution be paesed and a.
dopted;
Whereas the existing bonded in
debtedness Of the Township school
District OF Crystal Falls, in the County
Of Iron, amounts % the sum OF Twelve
Thousand Dollars t$12 ,000.00) OF prin-
cipal, all OF which will have matured in
the month OF FEBRUARY, A. d., 1899;
And whereas it appears that said
school district can. on terms advantag-
eous Ia said district, borrow sufficient
money to pay said bonded indebtedness
by the further issue OF bonds Of said
school district therefore;
And whereas, ut the annual meeting
held in and Tor the said school district
on Monday, the tenth day of July, A..
d., 1890, a majority OF the qualified
electors determined by ballot To bor-
row sufficient money 10 pay in full the
bonded indebtedness OF said school
district by the iuther issue of said DIE
trict by the luther issue OF bonds oI
said district therefor;
said vote was duly stated in the notice
Of said annual meeting;
And whereas all things, conditions and
acts necessary too exist he done and
performed to authorize and empower
this Board to order the issue and de.
livery Of the bonds hereinafter, mention
ed do exist and have been done and
performed.
Therefore, BE 1t Resolved by the
Board al Education Of the Township
District OF Crystal Falls, in the County
OF Iron, that twelve (l2) bends ot said
school district be executed and delivered,
as hereinafter mentioned, in manner
aud form ns required by law, for the
purpose aforesaid, in the principal sum
OF one thousand dollars 81 ,O000Ol
each and aggrcgating the sum OF twelve
thousand dollars tSl2, 00000) OF prin-
cipal, and that said bonds shall bear
date M OF the 18TH dny Of August, 1899,
shall mature on the first day Of July,
A. d.. 1909, and shall bear interest at
the rate OF five 90 per centum per an
mum, payable scmi-annually on the first
day Of January and the first day OF
July in each year, according to coupons
to be attached thereto and executed AZ
hereinafter provided, principal and
interest payable in gold coin OF the
United States Of America, Mt such place
or places IA shall he designated in said
bonds and coupons by agreement OF the
attorney Of this Board with the pur-
chaser or purchasers thereof;
And Be IL Further Resolved that Fred |
III. Abbott, ~ Crystal Falls, Michigan,
be, and hereby is, appointed attorney |
for this Board and, as such il hereby |
specially authorized and empowered to
place and sell said bonds according 10
law, and, when purchaser or pur-
chasers shall have been selected Tor the |
same, the President and Clerk of this 7
Board shall, on behalf OF this Board
and OF the Township School Dist rict OF
Crystal Falls, in the County Of Iron.
execute the same and the coupons To
be attached thereto, as hereinbeiore
provided, in manner and form, ~ re-
quired 10y law, and deliver the same
together with the said coupons to the
purchaser or purchasers thereof.
The foregoing resolution was thereup-
on adopted and passed by the Board,
the vote on the motion TO pass and
adopt the same being ms follows: Ayes:
John Erikson. Patrick Il. Dunn. Abncr
Nj. Darling, Louis +. johnson and Lee
baron w Margison. Nayes; None
II was moved by John Erikson, sup.
ported by Patrick J.. Dunn, that the
minutes OF the meetings OF the Board be
publishep IN the DIAMOND DRILL MT a
cost not to exceed twenty-five dollars
per year, Motion carried.
IL was moved by Patrick H.. Dunn,
supported by Louis r. Johnson. that
the President appoint a committee of
three with fall power to act. to attend
10 repairing the school buildings Of the
district. Motion carried.
Thereupon the president appointed
John Eriksou, Patrick H. Dunn and
Louis r. Johnson such committee.
IL was moved by John Erikson. sup
ported 10y Patrick 4. Dunn. that from
and after this date this Board shall
hold it, regular meetings the first We'd
nesdny OF each month at two clock in
the afternoon. Motion carried.
The foregoing minutes were thercupon
read and, on motion, duly carried were
approved M read.
IL was moved by John Erikson. sup
ported by Louis +. johnson, that the
Board do now ajourn. Motion carried
LEBARoN w. MARoIsoS,
CLERK