The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1910-08-09
RESOLUTION
Form of Bonds. Coupons. Etc.

RESOLUTION ...a.
Form Of Bonds, Coupons, Etc.
At q regular meeting of the city council of
the City OF Bemidji. held at the council
chambers. in the city hall in the City Of Be
OF July. 1910. the following resolution was
introduced by Alderman Smart and seconded
by Alderman Roe.
legal ~ called and held in the City Of Bemidji
County Of Beltrami and State of Minnesota.
on the 14th day of June. 1910. more than a
voting at said election voted in favor Of the
amount OF SIS 900 for the Permanent Improve;
bonds to be used in the erection and con-
struction Of a City Jail. the repairing of the
city hali Of sald Scity and the
Whereas said bonds have been duly ad-
yertised for sale as required by law. and at
the time and place named in such bond sale
duly opened and considered the bids for said
bonds md sold tie sane TO- the Northern
ing the highest and best bidder therefor.
council Of the City of Bemidji. that pursuant
and BY authority Of chapter six @) Of the
city charter Of the City of Bemidji and in
order to raise the necessary funds for the
there shall be and there are hereby author
led and directed to be issued the negotiable
bonds OF the City Of Bemidji. Beltrami
Thousand Dollars s15.ooC; said Bonds shall
be DESIGNATED Permanent Improvement
Fund Bonds of 1870" shall be fifteen I0 in
clusiye and of the denomin alton One Thous-
and Dollars each. shall be dated August 1.
1910 and shall become due and pay able August
until paid at the rate of five ~ per cent per
annum. payable semi-annually on the first
days OF February and August in each year.
maturity of principal shall be evidenced by
proper coupons attached to each bond. and
both principal and interest shall be payable
Northern Natienal Bank Of Bemidji. Bel siH
trami County, Nj nnesota.
That each of said bonds and each of the
Substantially the Following s'f ferms respec
lively. tO-Wit:
Form of BonO
United States of America
State of Minnesota, County of Beltrami.
City of Bemidji.
Permanent improvement Fund Bonds of 1910.
NO............ ..E $l.0OO.OO
Know all men by these presents that the
City Of Bemidji, County Of Reltrami and
State of Minnesota. acknowledges itself to
owe and for value received hereby promises to
sum Of One Thousand Dollars $1,000. to-
gether with interest thereon from the date
hereof until paid at the rate of five per
centum Is per cent? per annum payable semi
annually the first days of February and
August in each year. as evidenced by and
upon the presentation and surrender of the
annexed interest coupons as they severally
become due. both principal and interest
payable in lawful money OF the United States
OF America at the Northern National Bank
of Bemidii. Minnesota. And for the prompt
payment OF this bond with interest as afore-
said at maturity. the full faith. credit and
resources Of said city are hereby irrevocably
pledged.
This bond is one of series OF fifteen t15)
aggregating the sum of Fifteen Thousand
Dollars @150OO) issued for the purpose of
raising money for the Permanent Improve
ment Fund OF said city. the proceeds Of said
bonds to be used in the erection and con-
struction Of city Jail. the repairing of the
city hall of said City. and the construction
and repairing OF bridges and streets in said
city. in accordance with more than a