The Miller press. [volume] (Miller, S.D.) 190?-current, 1907-03-28

resolution and ordi nance authorizing
and directing the issuance of n series OF re-
finding bonds of the Incorporated city of
Miller, for the purpose of refunding certain
outstanding bonded indebtedness OF such
city, and levying oftaxes by said city to
Jay the interest and principal at m aturity
OF such refunding bonds.
BE il Iesolved and ordained by the city
council OF the Incorporated city of Miller,
Section l, Whereas, there is now an ex-
istlng and outstanding bonded Indebted
ness OF the Incorporated city OF Miller con-
sisting OF three bonds of $4,000 each bear
ing eight per cent annual interest number
ed /, = and inclusive, issued by the incor-
pUrated town OF Miller by its proper Off
GERS and under its corporate seal, to Gray
Brothers, or bearer, each bearing date Oct
ober lst,, A. D., 1SS6,,an due and payable
October LIST A. ID. D., 1901, with privilege
of paying at an earlier date, as therein pro-
vided at Gilman Son & Cos. banking office
in the city of New York, the proceeds OF
which were to be used for the purpose of
extending the public water service of said
town of Miller for fire purposes. which
and are now due and payable:
And Whereas. in the Judgement OF the city
council Of the said city of Miller, il is deem
Ell TO be to the best Interests of said city TO
issue lis negotiable bonds In the name OF
said city for the sole purpose o: reminding
said bonded Indebtedness.
Now Therefore. pursuant to the provis-
ions of article % OF Chapter Il of the Rev.
Pol. Code Of the State of South Dakota, it
Is hereby Resolved and Ordained that said
outstanding bonded indebte dness be refund
ed. and that for such purpose the said city
OF Miller shall issue three refundiug bonds of
the par value OF $500 90 each. lawful money
OF the United States each TO be dated April
list A. D., 1907, and TO be due aud payable
In ten years after their date, with interest
thereon at the rate of four per cent per an-
nun until paid said interest to he payable
SeIni-.nnHa!!y
on the first day OF October in each year. and
they shall have interest coupons attached:
said bends and interest coupons shall be
made payable to the purchaser. or bearer.
at the Old National Bank in the city Of
Grand Rapids, Mich, and shall be drawn in
form agreeable to the provisions OF said
Article % OF Chapter IA; said bonds shall
each recte upon its face the purpose for
which IL il issued, and that the said three
outstanding bonds, 40 refunded, are valid
obligations against the said city OF Miller.
and shall contain other proper recitaIs'
Said bonds and interest coupons shall be
signed by the Mayor and be attested by the
Auditor of said city of Miller and the cor
porate seal of said city shall be affixed there
to,
Section 2. Such bonds shall Be sold at a
price. or may be exchang ed. as provided In
said Article o. and shall before the deliver y
thSse OF to the Parchashaf, be Registered az
coupons shall be printed or autographed al
the expense Of the city OF Miller.
Section 3, Thatfor the purpose OF ma king
adequate provision for the payment OF both
principal and interest of such refundipp
bonds. IL Is hereby ordained that for the
urpose OF pro vidng for the payment OF tn,
interest upon said refundng bonds as 1t be
comes due and payable. there shall be ant
there is hereby levied a continuing direct
ANIMAL tax upon all the taxable property
within the city of Miller sufficient TO pro
dnce in each OF the years 1oOT. 1908, 1909
1910, 1911. 1912. 1913. 1914, 1915 aud
1915. and the sum of sixty dollars; and fol
the purpose OF providing for the payment
OF the principal OF said refunding bonds IA
they mature, there shall be and Is hereby
levied for each OF the years of 1907, 1908
1909, 1910, 1911. 1912. 1913. 1914, 1919
and 1916. n continuing direct annual ia,
upon all OF the taxable property within
said city Of Miller. sufficient to produce In
each of said years the sum OF one hundred
and nifty dollars, which sum. when objected
shall be placed liz "a sinking fund. which |,
hereby created for the purpose of paying.th,
principal OF said refunding bonds at I'm atur
Ity.
Approved this 18th day of March. A. d..
1907, CHAS. THOMSON
Mayor OF the incorporated city oil
F.A. NYE,
Auditor OF the incorporated
Cffy Of nillpr