New Ulm review. (New Ulm, Brown County, Minn.) 1892-1961, 1915-05-12


Of Chapter 254, General Laws, Mime
and legally taken, that state rural
constructed wholly within this county
known as State Rural Highway No.
"a, and it has been definitely ascertained
provisions of law applicable thereto
Cured in laying out and constructing
said highway within this county of
Brown will be at least the sum of Fifty
five Thousand Dollars ($55,000.OO,
and w H E R E IS, there is not suf-
ficient money in the treasury of said
Brown County to defray the expense
incurred and to be incurred in so laying
out and constructing said highway.
NOW, TIL E R Eff RE, Be it
R f I've D by this county board
to raise at this time the sum Of fifty
five thousand dollars, $50, 100000.
RE S OLIVE D further that the
of Brown be issued for said purpose
thousand dollars ($55,0O0.00). That
said bonds be fifty-fve in number,
numbered from one % to fifty-fve
(55) inclusive, be of the denomination
of one thousand dollars ($1O00.00)
each, bear date the first day of May
1915, bear interest at the rate of five
per cent per annum, payable semi
annually on the first days of November
and May, in each year, and be due and
payable as to principal and interest
at the First National Bank of St. Paul,
in the city of St. Paul, Minnesota.
That each of said bonds be payable
in lawful money of the United States
of America.
That all Of said bonds be payable as
to their principal ten (10) years from
their date, but that there be reserved
therein to the county the privilege of
preparing said bonds as follows
Bonds No. to No. 5 inclusive one
year from their date or on any interest
payment date thereafter.
Bonds No. 6 to No. 10 inclusive two
years from their date or on any in
terest payment date thereafter.
years from their date or on any in
Bonds No. 16 to No. 20 inclusive four years
payment date thereafter.
Bonds No. Fl to No. rs inclusive five
years from their date or on any in
terest payment date thereafter.
Bonds No. 26 to No. 80 inclusive six
years from their date or on any
interest payment date thereafter.
Bonds No. 81 to No: IS inclusive seven
years from their date or on any in
date
Bonds No. So to No. 40 inclusive eight
years from their date or on any in
terest payment date thereafter.
years from their date or on any in
terest payment date thereafter.
RE SOL WE'D further that the
said bonds and the coupons thereto
attached shall be substantially in the
variations as to numbers and maturi-
No. 46 to No. SIS inclusive shall not
contain any phraseology providing for
a prepayment privilege.
County of Brown,
No. 100000
State Rural Highway Bond.
Know All Men By These Presents,
That Brown County, in the state of
Minnesota acknowledges itself indebted,
and for value received promises to pay
to bearer
One Thousand Dollars.
($1000.00) lawful money Of the United
States OF America, on the first day
OF May 1925, with interest from date
OF fko - -
per annum, payable semi-annually on
the first day of November and May,
IN each year, on presentation and sur
render OF the annexed interest coupons,
both principal and interest being pay
able at the First National Bank in the
City of St. Paul, Minnesota.
This bond is redeemable at the
county's option on May l, 10, or
on any interest payment date there
after
This bond is issued by said county
for the purpose of defraying, and IS
for an amount necessary to defrav
in part the expense incurred and to be
incurred in laying out and constructing
certain State Rural Highway, wholly
within said county, known as State
Rural Highway No. 81, and is issued
by authority of and in strict accordance
with the provisions of Chapter 254,
General Laws, Minnesota 1911.
And it is hereby CERTIFIED and
RECITED that the issuance of this
bond has been duly authorized by
resolution of the county board of said
county, duly passed and recorded,
and that the total indebtedness of said
county, including this bond, does not
exceed any constitutional or statutory
limit. i
It is further CERTIFIED and RE-
CITED that all acts, conditions and
things required by the laws and consti-
tuition of the State of Minnesota, to
be done precedent to and in the issuance
OF this bond, have been properly done,
happened and been performed in reg