The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1904-06-22
REGULAR MEETING OF CITY
COUNCIL.
June 9Th, 1904.

REGULAR MEETING OF CITY A
COUNCIL.
June 9Th, 1904.
Joseph Roach, mayor, present.
o. NJ. Champlin, Alderman, 3rd ward.
present.
Il. W. Davidson, Alderman LIST ward,
absent.
D. C. Greenleaf, Alderman, End ward,
present.
G. o. Frank, Alderman, End ward,
present.
VIM. Heatherton, Alderman. LIST ward,
present.
T, r. jacobson, Alderman, 3rd ward.
present.
Moved by D. C. Greenleaf and seconded
by o. M. Champlin that the minutes OF
previous meeting be approved. Motion
carried.
Moved by D. c. Greenleaf and second
ed by O. NJ. Champlin that offer OF G. G.
Gowran & Co., of Grand Forks to loan
the City Of Minot, n. D., $4,000 for a
period OF 20 years with interest at the
rate of per cent per annum payable
semi-annually from date be accepted and
the mayor and city auditor be author
lied to enter into written contract,
with said c. c. Gowran & Co., to read
as follows:
This Agreement. Made this 9Th day of
June A. D. 1904 by and between the
City of Minot in the County of Ward
and State of North Dakota and G. c.
Gowran & Co., Of Grand Forks, North
Dakota:
Witnesseth, That the said city of Mi
rot agrees to and with the said Z. Z.
Gowran & Co., to issue its negotiable
bonds in the sum of $4,000 drawing 3
per cent interest, due 20 years from date
of issue and when SO executed to deliver
said bonds at the Second National bank
of Minot, in the city of Minot. n. D., for
delivery to said G. G. Gowran d Co.,
upon full payment being made therefor,
in accordance with the terms of their
bid and this agreement and the proceed
ings Of the City Council.
The consideration to be paid by the
said e. c. Gowran & Co., to be the sum
of Eight Thousand dollars (s8OOO0Ol and
accrued interest from the date of the
bonds to the date of payment at the
Second National bank of Minot, N. D.
And the said G. c. Gowran e.. Co.,
hereby agree to furnish the necessary
blank bonds and to pay the charges OF
the Second National bank of Minot, in
the city of M:not, N. D., for its services
in connection with the transfer and de.
livery of said bonds.
And the said G. G.. Gowran & Co., fur
Their agree to have the said blank bonds
and all necessary papers ready for the
officers of said city to sign and deliver
on or before June Goth 1904, provided
they are furnished promptly by the city
officials such copies of proceedings ano
other evidences relative to the proceed
ings and qualifications of the officers as
the may ask for
And the said G.. G. Gowran e. Co..
further agree to take up and pay fol
said bonds as soon as they are delivered
at the Second National bank of Minot
in the city OF Minot, N. D.. accompanied
by such certified copies of records anC
other evidences as will satisfy their at
torney as to the legality of such bonds.
In Witness Whereof the said city O.
Minot has caused this agreement to b.
executed by its Mayor and to be attestet
by it's Auditor with the seal of said cit,
hereunto affixed and the said G. G
Gowran & Co., have hereunto set thei
hands this day and date first hereil
written.
Joseph Roach,
Mayor, City of Minot, N. OAK
[Attest
w. G. McHugh,
Auditor, City of Minot, n. [
c.. c. Gowran & Co.
By G. G. Gowran.
On Roll Call those voting in the affil
native were Aldermen 0. NJ. Champli1
DC. Greenleaf, G. 0. Frank, Wn
Heatherton and T. Il. jacobson. Thos
voting in the negative were none. Al
sent and not voting, R. W. Davidson.
RESOLUTIONS.
Clderman T.. r. jacobson introduce
the following resolutions and move
their adoption, seconded by Alderma
VIM. Hetherton, Jr: