The herald-advance. (Milbank, S.D.) 1890-1922, 1906-03-30
COUNTY CON- MIs>uONER>
official Proceedings "f the
Board of County commissions
er>, Grant County ~. DaA.

Mibank, S. D., March 5. 1906, 2
o'clock p. m.
Office of county auditor of Grant
county, s. D. Board of county
commissioners Of said county met
pursuant to adjournment, the same
being regular meeting adjourned.
The chairman Of the card ANNOUNCE
ed hat the board would receive bids
on $4,000 refunding bonds of Grant
county, 5 D., which would become
ayable at the option of the county on
April 6, 1906. The following is copy
of The erti-ement contained in the
Daily Bond Buyer of New York City:
Grant Co. 5. D., (P. O Milbank,
Feb. 5: County Auditor G.. Fl. Pinck
ney calls in our advertising columns
Tor Sc aled bids until M arch 5, at y.
m., for per cent, semi-annual, 10
year refunding bridge coupon bonds
TO the amount of $4,000, dated April
3, 1906. Denomination $1,000. Due
April l, 1906. Payable principal and
interest, In New York or Milbank.
Enclose certified check for per
| cent payable TO county treasurer. y
The chairman then announced that
bidding would commence and the fol-
lowing firms offered bids: Mcdonald,
Mccoy & Co., Union Investment Co,
Weels, Dickey q CO., Minnesota
Loan & Trust Co.. Kahn & Co.,
Trowbridge, Newer & Co., II alsey &
Co.. w. j. Hawes q Son. The bids
were made at public auction and
ranged from At per cent straight to At
per cent with premium of $3.50, none
of which bids were satisfactory.
Motion made and seconded that all
bids be rejected. Carried.
Whereupon the following bid was
made by Union Investment Co:
Minneapolis, Mimi, March 5, 1906
The Board of county commission
ers, Milbank, Grant county, South
Dakota, Gentlemen: For thirty thou
sand dollars ($3O000) of legally issued
bonds of your county in denomina-
tions of one thous and dollars $4,000
each. bearing interest at the rate of
4 per annum, interest payable semi
annually, both principal and interest
payable at the National Bank of
Commerce, Minneapolis, M i n n.
Bonds maturing in 1926, optional af
ter ten years, we will give you the
sum of thirty thousand and accrued
interest.
Bonds to be delivered to us at the
National Bank of Commerce, Mime
apolis, MINI. This offer is subject
to the legality of the issue being APP
proved by our attorney, and you are
to furnish US all papers showing such
legality as may be required by our
attorney, and without cost to us.
To insure our good faith that we
will take the bonds, we hand you
herewith our certified check for the
sum of fifteen hundred dollars (S150O),
on the National Bank of Commerce,
Minneapolis, Mimi, to be held by
you and used in part payment of said
bonds when delivered to us at the
National Bank of Commerce, in ac-
cord ance with our bid herewith.
Respectfully submitted,
UNION INVESTMENT Co.
F. II. Wellcomb, president.
Milbank, S. D., March 5. 1906.
We, the undersigned county com
missiOners do hereby accept of the
above bid and Or ze h e
C h r m a n of t h b d
of commissioners and county auditor
to sign this agreement in accordance
with resolutions passed at the regular
meeting held today.
JULIUS FENNER.
JOHN ERICKSON
E. II. BENEDICT,
Milbank, Grant county, S. ID.
Board adjourned to March 16,
1906.
G. Fl. PINCKNEY,
County Auditor.