The diamond drill. (Crystal Falls, Iron County, Mich.) 1887-1996, 1911-04-01

. "hcka' X. O.. Whitehead. John
Dawson. W J. Richards.
Absent Supervisor Zebina McCole-
man
4 The minutes Of the last meeting were
read and approved.
The following resolution was offered
by Supervisor Whitehead. who moved
IT'S adoption, wnicn. motion was secon-
ded by Supervisor Jackal
Whereas, the Board os Comfy Road
Commissioners Of Iron County Michi
gan, has by resolution determined that
- Is necessary and rrudent.to expend
the sum Of One hundred and fifty
thousand dollars 1880. OOO. oo) for the
rebuilding. improvement. extension
and repair Of the highways included
IN the County road system OF Iron
County. Michigan. The cost of such
rebuilding, extension. improvement
and to be paid for ont OF the proceeds
OF the sale Of the negotiable bonds OF
said Iron County 10 be- authorized, is.
sued and sold for that purpose, and,
Whereas, petitions have been filed
with this Board. signed by forty eight
free-holders andrelectors residing in the
territory affected. asking that this
Board order an election on the question
OF issuing said bonds, and
Whereas. this Board oes.hereby de-
termine that the roads included within
the County road system Of said county
of Iron are in need OF extensive re-
building, extension, Improvement and
repair. and,
Whereas, this Board does hereby fur
Their determine that ii is necessary and
prudent that the sum Of One hundred
and fifty thouand dollars $3.50, 600. 00)
be- expended in said work OF improve.
ment, extension, rebuilding and repair
of said bonds, and,
Whereas, this Board does-hereby fur
Their determine that the said comfy Of
Iron has not. the. funds at hand neces
sary tor the work of rebuilding, ex-
tending, improving and repairing If
said roads and,
Whereas, the Board does further here
by determine that Ii is necessary and
prudent that the rebuilding of said
roads shall be had and the improve
ment, extension and repair OF said
roads shall be made at this time or as
soon az may be, and,
Whereas, this Board does further
hereby determine that il IL necessary |
and prudent that the negotiable bonds
OF said Iron County be authorized, is
sued and scld and the proceeds of such !
sale be used in the rebuilding, i'm
provement, extension and repair of said |
roads
Therefore, BE 1t Resolved by the
Board OF Supervisor OF the County OF
Iron and state OF Michigan, in special
session duly and lawfully assembled in
the Supervisors room in the Court
house, in the City of Crystal Falls in
said county Of Iron and state OF Micni-
gan, on the 1Ath day Of March A. ID.
1911, in pursuance of the promises and
by the authority voted by law IN SAID
Board, subject always TO the approval
Of the aualihed electors of said county
Of Iron voting thereon at the special
election hereinafter ordered to bee hol-
len. that the negotiable bond Of sal
county of Iron. Of the par value Of One
hundred and fifty thousand dollars
$3.50. GOO. COZ OF principal Le issued TO
30 designated "a County Road Bonds
" mich said bonds shall be dated May
irst a. p. 1911, shall be in denomina-
ton oft he Thousand dollars lSl, oOO.QVl
each and shall mature az 90 principal
40 6tteen years after the date thereof /
and nm of said bonds shall bear interest
40 rate not to exceed five ( ~ per cen
-um per annnm. payable semi annually
III January lst and July ist IN each
year. according % interest coupons to
,e attached 10 said Bonds and shail
that both the principal and in
crest aforesaid be payable ~ he Office
II the Treasurer Of the Comfy OF Iron
Resoyled Fnrtner. that IN said cleo
ors OF said Iron County shall approve
he issue of said bonds as aforesaid
hat for the payment of the principal
ma interest OF said Bonds at maturity, ,,
me full faith. credit and resources o. ,
aid county OF Iron are hereby irrevo- ,
ably pledged.
Resolved Further, that said bonds !
nd the coupons to be attached thereto !
i hereinbefure provided, shall be pay
bile to bearer. shall be in the custom :
~ form. shall contain the usual re-
itale pertaining TO the doing and com I
letion Of all acts and proceeding prior {
hereto and in the issuing OF the same r
,I l