Morris tribune., 1906-09-15
CITY OFFICIAL NOTICES
Resolution.
(By Alderman Vinje)

BY Alderman VlHJ6
The city council of the City of Nor
ris, in the County of Stevens and
State of Minnesota, being in session
duly assembled, quorum thereof
being present and acting, Alderman
N. Vinje, member thereof offered
the following resolution and moved
it's adoption.
Whereas, in the year 1895, the Viii
lage (now City, of Morris, in the
County o. Stevens, Minnesota, there
to duly authorized, duly made and
executed it's bonds for the purpose OF
raising funds to pay off and refund
the then floating Indebtedness of the
said Village of Morris in the sum of
five thousand dollars, dated the 1st
day of September, A. d. 1895, due and
payable on the 1st day of Sept. 1905,
bearing interest at the rate of six per
cent per annum, and thereafter duly
sold and disposed of the same to
Jefferson & Kasson for value receiv-
ed, and the same are now outstand-
ing and unpaid, and,
Whereas, the same constitute and
are valid and existing indebtedness
of and against the said City Of Morris,
and,
Whereas, the same are now past
due, and,
Whereas, in the opinion of the city
council of the City of Morris it is for
the welfare of the said city that the
said bonds be refunded,
Now, therefore, be it resolved by
the city council of the City of Morris,
in the County of Stevens and State of
Minnesota, that it is necessary for
said city to issue and negotiate, under
and by virtue of the provisions of
Chapter 14S, Laws of Minnesota, for
the year 1898, as amended, and par
ticularly by Chapter 1853, of the Laws
of Minnesota for the year 1901, the
refunding bonds of said City of Nor
ris in the sum of five thousand three
hundred dollars, to refund the in
debtedness hereinbefore described
with accrued interest thereon in the
sum of three hundred dollars to be
dated on the day the same are issued,
bearing interest at the rate of four
per cent per annum; and that the
same be and are hereby authorized,
ordered issued, and issued, payable
as follows: One bond for the sum of
$500, payable July 1st, 1926 and that
the proceeds of the sale of said bonds
be used for the purpose of refunding
the said bonds of said city with ac-
crued interest in the sum of three
hundred dollars, issued in the year of
1895 as aforesaid, and not otherwise;
The said City of Morris hereby ,
makes application to the State of
Minnesota for loan of five thousand |
three hundred dollars on its refund
ing bonds hereby authorized and that
the city treasurer of the said City of
Morris be and he hereby is authorized
and ordered to make application in
writing to the State Board of Invest
ment for the said loan Of five thous-
and three hundred dollars on the re-
funding bonds of said city, and that
the mayor of said city and the clerk
thereof be, and they are hereby
and directed to sign, exc
cute and deliver to the State of Min
nesota the bonds hereby authorized
and ordered issued, and that said
officers are hereby further authorized
and directed to make, execute and
deliver all the necessary papers in
with the issuance Of the
bonds and gthe application
20 said state to purchase the same,
which motion being seconded by
Alderman Gutter. member, thereof
va pat to a vote, all members pres
9nt voting aye and thus it was carried
md so declared.
Passed Sept. 9TH, 1906.
H. B, IJTND.