Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1902-05-08
KRUGER & CAMERON

mittee.
A petition was presented praying
your honorable body to sanction.
ratifv and confirm the assignment of
| the license of Thurman & Kruger to
run d saloon in the Letebvre building
on Front street to Wm. Kruger.
On motion, the prayer of the peti.
! toner was granted.
The following resolution was pre-
scented by Alderman Hill and seconded
by Alderman Pratt:
Whereas, The Board Of Education
of the City of Grand Rapids has by
vote of twO-thirdS Of all its members
duly adopted the following resolution
| to wit
Whereas, BY the provisions of Chap
ter seventeen of the Revised Statutes,
and acts amendatory thereof, the
! Commissioners of the Public Lands
! of Wisconsin are authorized to invest
the Trust Funds of this state in loans
to towns, villages, cities, boards of
education aud counties in this state
as in said acts provided, and
Whereas, Every town, village, city,
! board of education and county in this
state Is empowered to borrow of said
commissioners, from said trust funds,
such sum or sums OF money, for such
time and upon such conditions and
terms dis may be agreed upOu by and
| between the said Conmi>s iOners and
the town, village, city, board of edu-
cation or county applying for a loan.
subject to the limitations, restrictions
and conditions In said acts set fort II ;
Now, therefore, Resolved. That we,
the Board of Education of the City of
| Grand Rapids, Wis, duly a,SemD led
according to law, do hereby approve
and authorize application to be mtde
| to SAID commissioners by the president
and clerk of this board Of education
! for Il loan of fiftY-fve thou<a d
| 1855 ,00O) and no one-hundredths dol
lars to this board, said loan to be pay
able within twenty years, beginning
with February. 1872, in eleven equal
annual installmentS of five thousand
! Us ,00O) and no one-hundredths dollars
each, with interest thereon at the rate
| of 81 per Centum per auuum, PAYABLE
| Ill advance, from the date of the max
ing OF the loan TO the first day OF next
| February and thereafter annually IN
| advance, AZ provided by law; farther
Resolved, That no money obtained
! by tdls board OF education, by such
| loan from the state, be applied or paid
! out for duy purpose except that of
! building new high school according
to plans and pecitications of Cndnd-
| Ter q Park submitted to and approved
and adopted by said board Of educd-
| ton, without the consent of the com
lnissioners of the public lands, here
| after obtained;
Resolved, That in case the afore-
said application for Il loan from the
trust funds shall be approved by the
said commissioners of the public
land, that the president and clerk of
this board of education be, ard they
are hereby fully authorized aud en-
powered, i'll the name of the board of
education, to make, execute and de-
liver TO said commissioners, certri-
Gates of Indebtedness, i'll such form as
required by said commissioners, for
any aud all sums of money that ma:
be loaned to said board of education
pursuant to sad application, hereby
empowering the said president and
clerk 10 do and perform all necessary
| things to be done by the board OF edu-
cation, to fully carry out the proyis-
ions of said chapter one hundred aud
| sixty-seven, and acts amendatory
thereof, and these resolutions;
Resolved, That certified copy Of
this preamble and resolutions, aud a
certificate of the vote by winch said
| pream BILE and resolutions were adopted
be filed by the clerk of this board of
education with the secretary of state
Of the state of Wisconsin.
State of Wiacousiu.
/ Wood County,
L, Geo. ?. Hanbrccht Clerk of said
"oard of Education, do hereby certify
that the foregoing copy of preamble
| and resolutions has been compared by