The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1900-07-07

the following RESOLUTIONS were pA1etQ
The following resolution was Offered
by L. r Johnson. member 81 snid
board. who moved its passage and
adoption 10y said board;
WHEREAS. at a special meeting OF the
board OF tducation OF the township
school district OF Crystnl Falls IN the
county 81 Iron and state Of Michigan,
regularly called and held af the Office ol
the township clerk. ON the twenty-iirst
slny OF July, A. d. 1899, commencing at
two O'Clock ia the afternoon, the follow.
by said board, viz:
.WHEREAs. the existing bonded iu-
debtcdncss OF the township school
district Of Crystal Falls, IN the county
0f Iron, amounts TO the sum OF twelve
thousand dollars ISL, 0OU.OO) of piin.
cipai, all Of which will have niatured ia
the month OF February, A. ID. 1900, and
WHEREAS, IL appears that said schOoi
district can, on terms advantageous To
silid district, borrow sufficient money
To pay said bonded indebtedness by the
further issue of bonds Of said school
district therefor: and
WHEREAS. at the annual meeting held
in and for said school district ON Mon
day, the tenth day Of July, A. ID. 1899,
a majority oi the qualified electors de-
tcrmined by ballot to borrow sufficient
money 60 pay in full the bonded indebt-
edness OF said school district by the
further issue Of bonds ui said district
therefor:
WHEREAS, the intention TO take said
vote was duly stated IN the notice OF
said annunl meeting and
WHEREAS, all things, conditions and
acts necessary to exist he done and per-
formed to authorize and empower this
board TO order 1 he issue aud delivery OF
the bonds hereinafter mentioned, do
exist and have been done and per-
formed
TnEREFoRE. he il resolved by the
board of education 81 the township
school district of Crystal Falls in he
county oi Iron, that twelve (l2) bonds
81 said school district be executed and
delivered rs hereinafter mentioned, in
manner and form as icquiredFby law,
Tor the purpose aforesaid, Ia the princi.
pal sum OF one thousand dollars
Isl ,OOO00l each and aggregating the
sum of twelve thousand dollars
l$l2, 900. OO) Of principal, and that snid
bonds shall bear date as Of the ] 9th
,Iay Of August, 1899. shall mature on
tho fist day 81 July, A. ID. 1909, aud
hhull bear interest at the rate of five co
per centum Per annum, payable semi
annually on the first day Of January
and the first day Of July in each year.
according 10 coupons 10 be attached
thereto and executed an hereinafter pro-,
vlded, principal and interest puynble i'm
gold com uT the United States Of Amer.
lea. at such place or places as shall bc
designated m said bonds and coupons
by agreement Of the attorney OF this
board with the purchaser on purchasers
thereof.
AND BE IT FURTHER RESOLVED. that
Fred III. Abbott, OF Crystal Falls, Mchi-
gan, be, aud he hereby IL appointed at
torncy Tor this board and, ns such is
hereby specially authorized and empow.
cred To place and sell snid bonds accord
Ing to law, aud, when purchaser orr
purchasers shall have been selected Tor
The same, the president and clerk Of this
board shall, on behalf ofthis bonrd and
"a tisv s,..i.f sils,..i ss.st,.;af ct f...s.
tul Falls, in the county OF Iron, execute |
The same aud the coupons TO be ut |
.ached thereto, as hercinbcfore pro-
vided, IN manner and form AS required |
BY law, and deliver the same, together
With the said coupons, TO the purchaser
,r purchasers thereof and
WHEREAS, this board, IN passing and
adopting the above and foregoing reso-
ution, hy error did not state the Iacts
IL they exist relative the maturity OF
aid bonded Indebtedness, and
WHEREAS, the fact IL that six |
thousand dollars tSB ,O00.0O) oi prin- |
,ipnl 81 said bonded indebtedness OF
mid school district did mature and be- |
,omo due aud payable in the month OF
rrbruary, a. ID. 1900, and the balance |
u six thousand dollars $4,000 OO) !
II principal Of said bonded in
lebtcdness haH not yet matured and |
,ecomo due and payable, and the |
owners and holders thereof refuse TO
the same before maturity.
In Is 1IiEREFoRE RESOLVED by the /
BOARD OF education OF the township |
lchool district Of Crystal Falls IN the |
county OF Iron and state OF Michigan,
hut said resolution passed and |
adopted by this board nt said special
al the board 81 education OF the |
school district OF Crystal Falls in the |
county Of Iron aud state Of Michigan,
,eld ON tho twenty day OF July, A. |
set inside, cancelled, held for |
inuglt and declared void.
Which motion was made by John
n member OF snid board, and
which motion prevailed and which reeo-
luton WAS adopted and passed by the
said board. by the following vote:
Ayes Darling, Erikson, Johnson,
Conln. Nays None.
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