The Mankato free press. [volume] (Mankato, Blue Earth County, Minn.) 1879-1924, 1900-07-06
NOTICE OF VILLAGE BONDS FOR SALE
STATE OF MINNESOTA County of Blue
- Earth, Village of Mapleton.
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STATE OF MINNESOTA, County of Blue
- Earth, Village of Mapleton. ,o., ann
Mapleton, Mimi, June 10Th, 1900,
Whereas, At the special village election, held
on the 18th day of April, A. ID. 1900 majority
of the votes cast at said election were in favor
of the proposition to issue and negotiate bonds
sota, to the amount of six thousand
$4,000 dollars for the purpose of
of enabling the village of Mapleton to make,
construct and build hundred foot steel water
tower and a two thousand (2,000) barrel tank,
and for the purpose of extending and improv-
ing the water system, the same being public
improvement, in said village of Mapleton, at a
cost not to exceed six thousand $4,000 dollars,
and for which purpose the said village might
issue and negotiate bonds therefor.
And, Whereas, The village council of the
village council of the village of Mapleton, Blue
Earth County, Minnesota, did on the 18th day
of June, at special council meeting duly call
ed for that purpose, by majority vote duly
passed an ordinance authorizing the president
of the village council and the recorder thereof,
direct the said president and recorder to nego-
tiate the village bonds of said village of Maple
ton in the sum of six tn ousand (6,OOO according
Now, Therefore, Notice is hereby given that
sealed bids will be received by the village
council of the city of Mapleton, Blue Earth
County, Minnesota, at the Office of the village
recorder thereof, until the 10th day of July,
1900, at o'clock p. N. for per cent, one ID
year. two (2) year, three o. year, four ~ year,
five % year, six Q) year and seven CDyear bonds
to the amount of Sc, 100000, in denominations of
two hundred and fifty $3.50 dollars each, to be
dated July 10Th, 1900. Principal and interest
payable in lawful money of the United States.
Interest payable annually. Said bonds and in
terest thereon to be payable at the office OF the
village treasurer of said village of Mapleton, or
at any place designated By, the purchaser, the
place hereinbefore mentioned the village coun.
Gil will open and consider u bids for the sale OF
such bonds, and the council reserves the right
to reject any and all bids offered for the sale of
said bonds Said bonds will be issued under
rnd pursuant to the authority of section one %
chapter 200, of the laws of the state of Mime
general statutes of 1884, of the state of Mime
sofa; and by virtue of the resolution, dated
April 9th, 1900, duly passed and recorded by the
village council, and the sanction of the said
proposition therein expressed by the ma jority
vote of said electors in said village at the
special village election, held in the said village
of Mapleton, on the 18th day OF April. A. u;
by law. Said bonds are issued for the pur-
pose of improving the present water system In
said village. certified check. payable to the
village of Mapleton for 500 must accompany
each bid, to be forfeited to the village in case
the bidder fails to comply Herewith, All
checks to be returned to the unsuccessful bid
ders within five days after bids are opened.
Bids must be sealed and marked bids for
bonds" @. Nj, CREDICOTT,
President of Village Council.
@, J. LAURISCH,
Village Recorder.
The village of Mapleton is not now engaged
in any litigation affecting any of its bonds, and
has never defaulted on interest or repudiated
any issue.
The assessed valuation, in 1885, of the village
was S205.3S7. Bonded debt for water
works none; Total bonded debt. none. Cur
rent taxes and rate for all purposes, 2 per cent.
The village realizes So 600 per year from liquor
licenses. Population, loo
G. VI. CREDICOTT,
President of Village Council.
G. j. LAURIsCH,
Village Recorder.