Vilas County news. [volume] (Eagle River, Vilas County, Wis.) 1896-1927, 1911-10-18

OupSINlSOI.
PETER HEDEEN,
Supervisor.
Fred Meloy, Chairman of Town of
Plum Lake.
R. s. Elliott, Chairman of Town of
Presque Isle.
Chas. A. Bent, Chairman of Town
of State Line.
Absent: Fred H. Rilette, Town of
Flambeau.
RESOLUTION NO. 1.
Resolution offered by Supervisor R.
S. Elliot.
WHEREAS, 1t appears to the salts
faction of the County Board Of Super
visors of Villas County, Wisconsin,
that system of County highways is
of eminent Importance in opening up
the rich farming lands and developing
the natural resources of Villas County;
and,
Whereas, 1t also appears to the
satisfaction of said board that the
financial condition of said County is
first class and on a cash basis with
out any outstanding Indebtedness
Be it Therefore Resolved, By the
| County, Wisconsin, that the best
in rests of Villas County at large can
| be served by the adoption at the
! earliest possible moment of a County
| system of highways;
| Be it Further Resolved, That said
Villas County, Wisconsin, make and
issue it's twenty 600 negotiable in
terest- bearing bonds in the total
amount of Sixty thousand Dollars
| ($60000.00) for the purpose of raising
money to aid and assist in the con-
struction of said highways; that said
bonds shall be in denominations Of
| One thousand Dollars ($1,000.00) each
and shall be numbered serially from
| One Cd to Sixty (60) inclusive; that
each of said bonds shall bear date Of
! the 1st day of November, A. D. 1911,
and shall be payable in twenty equal
payments of Three thousand Dollars
| ($3,000.00) each and interest; that
the first three of said bonds shall be-
come due and payable on April LIST,
| 1912; that the, second three of said
bonds shall become due and payable
on April LIST, 1913; that the third
| three of said bonds shall become due
and payable on April 1st, 1914; that
! the fourth three of said bonds shall
become due and payable on April LIST,
| 1915; that the fifth three of said bonds
shall become due and payable on
April 1st, 1916; that the sixth three
of said bonds shall become due and
payable on April 1st, 1917; that the
seventh three of said bonds shall be-
come due and payable on April list,
1918; that the eighth three of said
bonds shall become due and payable
on April LIST, 1919; that the ninth three
of said bonds shall become due and
payable on the April 1st, 1920; that
the tenth three of said bonds shall
become due and payable on April 1st,
1921 that the eleventh three of said
bonds shall become due and payable
on April LIST, 1922; that the twelfth
three of said bonds shall become due
and payable on April LIST, 1928; that
the thirteenth three of said bonds
shall become due and payable on
April list, 1924; that the fourteenth
three of said bonds shall become due
and payable on April LIST, 1926 that
the fifteenth three of said bonds shall
become due and payable on April 1st
1926; that the sixteenth three of said
bonds shall become due and payable
on April 1st, 1927; that the seven
teenth three of said bonds shall be
come due and payable on April 1st
1928; that the eighteenth three of
said bonds shall become due and pay
able on April 1st, 1929; that the nine
teenth three of said bonds shall be
come due and payable on April 1st
1880; that the twentieth three of said
bonds shall become due and payable
on April LIST, 1881; together with the
interest thereon for each of said
bonds, at which time all of said
bonds and interest thereon shall have
been fully paid; that said bonds bear
interest from the date thereof at the
rate of five per centum $50 per
annum until fully paid; and that said
interest shall be paid annually;
That said bonds shall be payable,
both principal and interest, at the
First National Bank of Chicago, in
the City of Chicago, in the County Of
Cook and the State of Illinois.
Be it Further Resolved, That the
Chairman of this Board, the County
Clerk and District Attorney are here
by appointed, constituted and made
a committee to negotiate, sell and
dispose of said bonds, and to collect
and receive the pay for same, and to
pay the proceeds from the sale of
said bonds into the treasury of said
Villas County; that said bonds shall
be negotiated, sold, disposed of and
delivered by said committee to the
highest and best bidder therefor;
that said committee be, and they are
hereby authorized and empowered to
do any and all acts and things
necessary to carry into full force and
effect the provisions of this resolution /
relative to the negotiation, sale, dis
position and delivery of said bonds, /
and to collect any and all moneys
4l.n.rofnr. fhot tho caid nornnr,aiffoo |