Grant County herald. [volume] (Lancaster, Wis.) 1850-1968, 1913-12-31
Sale Of $io0, 10000 Grant County Bonds.

Notice is hereby given; that by vir-
tue of the authority given to the UNI
dersigned by the County Board of SUI
pervisors of Grant County by reselu=
ton duly adopted, We will on the first
day OF February, 1913, commencing at
one O'clock in the afternoon of said
day, at the office of the County Treas
urer of said Grant County, in the City
of Lancaster, Wisconsin, offer for sale
and sell $100,000.O0 Of Grant County
bonds to the person or persons making
the best bid for such bonds.
Said bonds shall be numbered from
one to one hundred and twenty-five in
elusive, and the bonds numbered from
one to fifty inclusive will be in the de-
nomination and for the amount of Five
Hundred Dollars each, and bonds num-
bered from ffty-One to one hundred
and twenty-five inclusive will be in
the denomination and for the amount
of One Thousand Dollars each.
Bonds numbered from one to ten in
elusive, shall be payable one year af-
ter the date of issue and Five Thousand
Dollars of said bonds will be payable
each year upon the anniversary of the
date of such issue, said bonds to ma
ture according to their number, the
lowest numbered bonds first maturing,
so that Five Thousand Dollars of such
bonds shall be paid each year and the
total paid within twenty years from
the date of contract therefor. All of
said bonds, together with interest, will
Treasurer of said Grant County. The
rate of interest on all of such bonds
will be four and one-half per centum
az 20 per annum from the date of is
sue, payable annually, provided that
the bonds sold to the State of Wiscon-
sin shall bear a rate of interest at
three and One-half per centum (3h 20
per annum from the date of issue and
payable annually.
Dated December 2Sth, 1912
WAITER T REMAIN
Chairman of the County Board of Su-
pervisors of Grant County.
E. E. MCCOY,
County Clerk
AS is known, from report Of a
former committee of this Board, here
tOfOre made, formal application for
a loan of $50,000.00 was made on be-
half of the County, to the Commission
ers of State Lands and promise by
the said Commissioner was given the
County through said Committee that
the State would take from $25,000.00 to
$50 100000 of the bonds, and therefore,
because of such promise, it was ex-
pected that the State would arrange to
purchase the bonds to an amount from
100000 to $50,0OO.00.
On January 18th, 1913, we went to
Madison and met certain members of
the State Land Commission and
talked with them in regard to the loan.
We were told it was necessary to file
written application for the loan, be-
cause the former application had been
taken from the files and thrown in the
basket; this information was
| given to us by Mr.. Bennett, the Chief
| Clerk in the land office.
While in Madison, we had the assist
ance of our two Assemblymen, Mr.. Do
! Ian and Mr.. Roethe, as also our State
| Senator, Mr.. Glenn, and ChaS. e. Tuf-
| fey and Charles L. Harper
| We returned home from Madison on
| the afternoon of January 18th, and on
January 18th we prepared and forward
| ed to the Chief Clerk of the State Land
| Office, our written application for the
/ loan, together with certified copies of
all resolutions passed at the Special
| Session and Adjourned Special Session
of the County Board in 1912 together
| with certified copies of all papers per-
| tanning thereto of the minutes of the
| two Sessions
! had between the Attorney General and
| the Chairman of the Board, the result
! of which the application for the loan
was refused The correspondence is
now on file with the County Clerk.
At the time and place stated in our
notice, to-wit, February LIST, 1913, at
one o'clock P. M. at the office of the
County Clerk, we met and received and
| opened the following bids for the sale
of the $100,000.00 bonds, to-wit:
No. 1. Emery, Peck & lockwood of
| Chicago, Ill. $99050 and accrued inter-
est to delivery of bonds per 100000.
Both principal and interest payable at
| County Treasurers office, Grant Coun-
! ty, Wisconsin.
No. 2. First Savings & Trust Com
pany of Milwaukee, Wis. Par and &C
crued interest to date of delivery of
] bonds and $327.70 Premium Milwau-
kee delivery and payment