The Virginia enterprise. [volume] (Virginia, St. Louis County, Minn.) 1893-19??, 1910-10-28

school building upon the school site, own
I'd by said district. being Block Fifty-one
|51) in said city of Virginia. Minnesota,
here shall be and there are hereby ordered
md directed to be issued the negotiable
bonds of said Independent School
District of Virginia, to the aggregate
of Seventy-dve Thousand Dollars
ISIS 10000; said bonds shall be DESIGNATED
Public School Building Bonds 1870" shall
be Seventy five (75) in number, numbered
from one ~ to Seventy-five (75). both in
and of the denomination of One
Thousand Dollars ($1.0M.0O each; shall
bear date of April LIST, 1910. and shall be-
come due and payable Fifteen Thousand
Dollars C$15.000.00) on the first day of July.
1911, and Fifteen Thousand Dollars ($15.-
10000 on the first day of July of each year
thereafter until the full amount thereof is
paid; shall bear interest at the rate of Five
per cent (5q6) per annum, payable on the
first days of January and July of each year,
which installments of interest to date of
maturity of principal shall be evidenced
by appropriate coupons attached to each
bond, and both principal and interest shall
be payable in lawful money of the United
States of America, at the Central Trust
Company of Illinois, in the city of Chicago
and state of Illinois, the first coupon being
for Nine (9) months interest and due JAM
uary list, 1911. That each of said bonds shall
be signed by the chairman of the board of
education, countersigned by the treasurer
of said school district, and attested by the
clerk under the corporate seal of said
school district. and each of the interest
coupons thereto attached shall be executed
by the autographed fac-simile signatures
of said officers; and said officers are here
by authorized and directed to cause said
bonds and coupons to be prepared sub
stantially in the forms respectively herein
before set forth, and to execute the same
for and on behalf of said school district as
aforesaid, andxafter their execution said
bonds shall by the treasurer of said school
district, be delivered to the purchasers of
same aforesaid upon the payment of the
purchase price therefor. The proceeds de-
rived from the sale of said bonds shall by
said treasurer be placed in a separate fund
and used solely for the purpose of paying
the cost of constructing the high school
building hereinbefore and in said bonds
mentioned.
Be It Further Resolved: That there shall
be levied and in due form certified to the
Auditor Of St. Louis County, Minnesota, on
or before the tenth day of October, 1910. and
on or before October 10. of each year there
after during the life of these bonds. sum
sufficient to provide for the payment of the
semi-annual interest on said bonds, to-
gether with the principal of said bonds as
they mature. and said tax shall be levied
and collected at the same time and in the
same manner as other school taxes for
said school district where required by law
to be levied and collected. Said tax, when
SO collected, shall be placed in separate
fund to be designed Public School Build
ing Bonds 1910 Fund.-" which shall be ir-
revocably pledged to and used solely for
the payment of the interest and principal
of the bonds hereby authorized so long as
any of said bonds or interest coupons
thereto appertaininq. remain outstanding
and unpaid.
Be 1t Further Resolved: That all resolu
tons, or orders or parts thereof. heretofore
passed or adopted by the Board of Educa
ton of said Independent School District Of
Virginia, in conflict with this resolution
be and the same are hereby repealed.
Adopted October 7th. A. D.. 1870
N. A. HoLMER.
Chairman Board of Education
J. H. FLEMING.
Clerk.
The motion was duly seconded by N. A
Holmer and the question being upon the
adoption of the foregoing resolution, the
roll was called. with the following results
Those voting "Aye", Joseph Roskilly, r. J.
McGhee, N. A. Holmer Helen e. Coffman
J. H. Fleming. Those voting mo" none.
The motion was by the Chairman declar
ed carried and the foregoing resolution
duly adopted.
! Resolution offered by r. J. McGhee.
Resolved BY the Board of Education o.
Independent School District of Virginia
Minnesota, that the following bills. audited
by the Finance Committee, and the salary
schedule for September. 1910, be allowed
and the clerk be and is hereby instructed
to draw orders on the Treasurer in pay
ment of the same;
Allyn d Bacon, text books .........$ 50 o.
Thomas Charles 90. school supplies 100 4
Benz. H. Sanborn & Co., text books II II
d. c. Heath Il Co., text books 81 O
Silver Burdett & Co., text books. N0
Charles E. Merrill Co., text books. 90
Remington Typewriter Co., school