The pioneer express. [volume] (Pembina, Dakota [N.D.]) 1883-1928, 1908-02-07

II X Cavlleer, treasurer, freight
on chemical ................ Is 80
Pioneer Express, printing and
advertising .................. GA 80
p K Cavileer, treasurer. for La
/ France Engine Co. .......... 245 90
Pembina Lighting Co., gas city
hall, January ............... 2 As
On motion, it was resolved that the
use of gasoline or kerosene stoves in the
city hall be prohibited, and that the
committee on public property, purchase
and install a cook-stove in the basement
for the use of churches or society enter
tainments having refreshments on
their programs
Alderman Peterson introduced and
moved the adoption of the following
resolutions.
Whereas the city of Pembina has
heretofore issued for purposes authoriz-
ed by law and actually delivered to
holders for value it's certain bonds, ag-
gregaiing two thousand dollars, list of
the same being as follows:-
Numbers 8, 9, 10 and IL, each for $500
with interest at per cent per annum,
now held by clients of G. G. Gowran &
Co., Grand Forks, N. D., which bonds
were due March LIST 100 but on which
time of maturity has been yearly extend
ed by the consent of the owners thereof
and will be due and payable on March
LIST, 1908: interest thereon having been
paid yearly.
Whereas, it appears from the state
ment Of the city auditor that such bonds
are soon due and payable and constitute
a valid and existing Indebtedness
against said city, amounting to $1,000
and
Whereas, it appears from the report
OF the treasurer that there is no money
in the treasury available for the pay
ment of such outstanding bonds, and
Whereas, in the judgment of the city
council it is deemed to be necessary and
for the best interests of said CITY to issue
and negotiate refunding bonds to the
amount of two thousand dollars, for the
purpose of refunding the aforesaid in
debtedness evidenced by the outstand-
ing bonds aforesaid, and it appearing to
the city council that such refundng
bonds can be negotiated at rate of in
terest less than that now being paid on
the said outstanding bonds.
Now. therefore. be it resolved and it
is hereby resolved by the city council of
the city of Pembina, county of Pembina
State of North Dakota, that it is by this
council deemed necessary and for the
best interests of this city to issue, and
that necessity exists for issuing its
negotiable refunding bonds in the name
of the city in the sum of two thousand
dollars and bearing interest at the rate
OF four per cent per annum, payable
annually, for the purpose of refunding
and paying a like amount of outstand-
ing Indebtedness hereinbefore enumerat-
ed, and
Be it further resolved, that under and
by virtue of sections 29Sl to 1887 inclu-
sive revised codes of 1905, the negotiable
bonds OF this city be issued in the sum
of two Thousand dollars, the proceeds of
such bonds to be used for the sole and
only purpose of refunding and paying
OIL like amount of the valid existing
outstanding Indebtedness of the said
city as hereinbeiure described, such
bonds to be in the denomination of one
thousand dollars each TO be numbered
zone" to ''two" inclusive, and to bear
date March LIST 1908 to run for period
of ten years and made payable to the
State of North Dakota, or bearer, pay
able at the Office of the state treasurer
in the city of Bismarck and beariug in
terest from date at the rate of four per
cent per annum payable annually, inter
est on each bond to be evidenced by in
t9rest coupons thereto attached and
otherwise in all respects to comply with
the statutes in such cases made and
provided.
Be it further resolved, that the,p roper
officers of this city, to.wit:-the mayor
and auditor be and they are hereby
authorized and directed to execute such
bonds in the aggregate sum aforesaid
with full recital thereof and negotiate
the same in the manner provided by
law.
On roll call the following councilmen
voted faye" Peterson. king, Felson,
Thompson and Short, and the following
voted "nay"-none. -
Thereupon the resolution was. declar-
ed by the mayor to be carried and
adopted.
Ordinance No. Sc, being entitled can
Ordinance authorizing the issue of re-
funding bonds to the amount of two
thousand dollars for the payment of the
present outstanding bonds of the city Of
Pembina, making an appropriation
therefor and levying tax for the pay
= 80