The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1911-01-26

~ ths VIC IAlNlNoN olu pm
cipal OF this bond when due; and hat
the AMOUNT of this bond, together with
all other Indebtedness Of said County,
does not exceed any limitations i'm
posed by the Constitution or laws of
said State.
IN WITNESS WHEREOF, said
County of Brookings has caused this
bond 10 be signed by the Chairman
Of lis Board of County Commissioners,
and altested by its County Auditor,
and It's corporate seal TO be hereto af-
fixed, and has caused the interest
coupons hereto attached to be eXecut-
ed with the Autographed signature Of
SAID Chairman and County Auditor,
this 27th day of December, A. ID. 1910.
Lewis Johnson,
Chairman of Board Of County
(Seal.D Commissioners.
ATTEST: o. J. Otternes,
County Auditor.
CORN OF COUPON.D
No......... S.........
ON the first day of (January)
duly, 3D.. the County of Brook
ings, in the State of South Dakota,
will pay to bearer
Dollars, lawful money of the United
States of America, at the Continental
and Commercial National Bank, in the
City of Chicago, Illinois, being the
semi-annual interest then deu on it's
Court House Bond dated December,
q, 1910.
Lewis Johnson,
Chairman of Board of County
Commissioners.
o. J. bitterness,
County Auditor.
ON the back of each of said bonds
shall be printed a form Of endorse
ment by the purchasers thereof, as
follows:
This bond and the coupons hereto
attached are hereby assigned and made
payable to bearer.
UNION INVESTMENT COMPANY,
by
BE IT FURTHER RESOLVED that
the Chairman and the County Auditor
are hereby authorized and directed to
execute said bonds on behalf of the
county and to cause the interest
copons thereto attached to the exc
NuNtu Will IIltII llJlloSl dpIltu ldb-
smile signatures and they shall also
cause said bonds to be registered in
the Office of the County Treasurer in
a book to be kept for that purpose and
known as Bond Register" in which
registry he shall enter the number of
each bond, its date, date of maturity,
the rate of interest, to whom and
where payable. When so executed
and registered, said Bond shall be de-
livered to UNION INVESTMENT
COMPANY, the purchaser thereof,
upon payment of the purchase price
therefor, in accordance with the con-
ditions of its bid accepted by said
county. The proceeds of said bonds
shall be placed by the County Treas
urer in a special fund to be known
as the Court House Building Fund,
which shall be used and applied from
time to time upon orders of this Board
solely for the payment of the cost Of
erecting a Court House at ,hC Coun-
ty Seat of said County.
BE IT FURTHER RESOLVED that
to provide for the prompt payment of
the principal and interest of said
bonds as they become due, there shall
be and there is hereby levied and or
dered to be collected in each of the
years 1911 to 1880 both inclusive an
annual tax upon all the taxable prop
erty in BrCokings County sufficient to
produce each year the sum OF ten
thousand dollars 100000, of which
five thousand dollars $4,000 shall
be for the interest of said bonds,
and five thousand dollars ($5,000)
shall be placed in a sinking fund for
the payment Of the principal Of said
bonds. Said tax shall be collected
each year at the same time, in the
same manner and by the Same officers
as other county taxes are collected.
Additional levies may be hereafter
made for the purpose of paying all or
any of said Bonds in accordance with
the provisions of said Bonds author
izing the County at its option, to pay
the same in five years or m%ultiples Of
five years from their date, and before
the maturity of the same.
BE IT FURTHER RESOLVED, that
the provisions of all former resolu-
tons which may be in conflict with
the foregoing resolutions are hereby
icSClllutu, anu IHt prov vi tIC
foregoing resolutions shall be ire
pealable while any Of said bonds or
coupons are outstanding and unpaid.
The motion to adopt the foregoing
resolutions was seconded by Commits
sioner X. O. TollefsOn, and put to a
vote, the vote resulting as follows:
AYES-C. II. Davis, j. l.. Jarvis, K.
0. Tollefson, Thomas Kidman and
Lewis Johnson.
NAYS-None.
Whereupon tho Chairman declared
the resolution adopted.
The report of Norman A. Hanson,
Clerk of Courts, for the year ending
December 81, 1910, showing fees
amounting to s%1,S00.7S was received
and on motion ordered placed on file,
P. J. Murphy appeared by his at
torneys and in writing offered to pay
Fifty per cent 5000 of the amount of
the principal claim, or the sum of
s109.45 and all costs incurred in said
action to the date hereof, exclusive Of
attorneys fees, in the matter Of the
action pending in the Circuit Court,
wherein the County is Plaintiff and
said P. j. Murphy is Defendant.
1t was moved by Commissioners