The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1911-01-26
BOARD HOLDS LONG SESSION.
Continued from page 81

oils.
S. II. Hunter, Omaha, Neb.
The Joliet Bridge & Iron Co.
Continental Bridge Co., Chicago.
Iowa Bridge Co., Des Moines.
Robert billings & Co, Minneapolis.
After all bids had been considered
the Board on motion accepted the
bid Of the Iowa Bridge Co. 1t was con-
sidered the lowest and best bid, and
a contract was entered into with said
company for the construction of all
steel and wood bridges TO be erected
in the county during the year 1911.
On motion the Board adjourned TO
meet at 9 o'clock a. m, January II,
1911.
Brookings, S. d., Jan. II, 1911.
The Board of County Commission
ers of Bookings County, South Da-
kota, met as per adjournment at 3
o'clock a. m, Thursday, January IL,
A. d. 1911, all members of said Board
being present ,to-wit: C. ID. Davis,
district No. /; j. l.. Jarvis, district
No. .; r. o. Tollefson, district No. 3;
Lewis Johnson, district No. 4; Thomas
Kidman, district No. ;. The County
Auditor was present as Clerk.
The Board was called to order by
the Chairman. Commissioner j. l.. Jar
Wis presented the following resolutions
and moved their adoption:
RESOLUTIONS PROVIDING
FOR THE ISSUANCE OF COURT
HOUSE BONDS OF BROOK
INGS COUNTY, SOUTH DA-
KOTA, IN THE AMOUNT OF
ONE HUNDRED THOUSAND
DOLLARS.
WHEREAS, at an election duly and
legally called and held in the County
of Brookings, South Dakota, on the
Sth day of November, 1910, more than
a majority of the ballots cast were in
favor of the issuance of bonds of said
County in the amount Of n hundred
thousand dollars for the purpose OF
erecting a Court House at the county
seat thereof; and
WHEREAS, said bonds have been
advertised for sale in the manner pro-
vided by law and have been duly sold
and awarded to the Union Investment
Company, of Minneapolis, Minnesota,
at a price in excess of the par value
thereof, sale company being the high
est and best bidder for said bonds.
WHEREAS, all acts, conditions and
things required by law to exist, hap
pen or be performed precedent to the
issuance of said bonds have existed
happened and been performed in reg
ular and due form, time and manner;
NOW THEREFORE,, BE 1T RE
SOLVED by the Board of County Com
missioners of Brookings County, South
Dakota, that for the purpose of erect
ing a Court House at the county seat
of said county on the site now owned
by said county, there is hereby ordered
and directed to be issued h nego-
table coupon bonds Of said county in
the aggregate amount Of one hundred
thousand dollars ($100,000) of the
numbers and denominations as fol-
lows: Seventy-five (75) bonds, num-
bered l to Is inclusive, of the denomi-
nation of $1,000 each, and fifty 600
bonds. numbered &c to 1875 inclusive,
of the denomination of $500 each.
Said bonds Shall each be dated De
cember 81, 1910; shall mature TWEEN
ty years from their date, and shall
contain an option authorizing the
county to pay the same in five years,
or any multiple of five years from
their date and before maturity of the
same. Said bonds shall each bear in
terest at the rate Of five per centum
(5R) per annum, payable semi-an-
nually on the first day of January
and the first day of July. each interest
installment being evidenced by cou-
pons ATTACHED to the bonds, and both
principal and interest shall be payable
in lawful money of the United States
of America, at the Continental and
Commercial National Bank, in the City
of Chicago, Illinois.
BE IT FURTHER RESOLVED that
said bonds and coupons shall be in
substantially the following forms, to-
wit:
UNITED STATES OF AMERICA
STATE OF SOUTH DAKOTA
COUNTY OF BROOKINGS
COURT HOUSE BOND
KNOW ALL MEN BY THESE
PRESENTS, THAT THE COUNTY
OF BROOKINGS, in the state Of
South Dakota, acknowledges itself to
owe and for value received hereby
promises to pay to UNION INVEST
MENT COMPANY, or order, the prin-
cipal sum of One Hundred Thousand
Dollars, on the 9th day of Deem
Der, A. d. 1880, or at the option Of
the county in five years or 2ny mUi-
tiple of five years from the uate here
of and before the maturity Of the
same, together with interest on said
sum at the rate of five per centl'u
go per annum, payable semi-annu-
ally on the first day Of January and
July in each year, upon presentation
and surrender of the annexed inter
est coupons as they severally become
due; both principal and interest pay
able in lawful money Of the United
States Of America at the Continental
and Commercial National Bank, in the
City of Chicago, Illinois, And for the
prompt payment of the principal and
interest of this bond as they respec-
lively become due, the full faith, credit
and resources Of said county are
hereby irrevocably pledged.
THIS BOND is one of a series Of
Bonds issued by said County of Brook