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

which follow these preambles, and to
have said resolutions adopted, and this
board is willing so to do, - N. d. -
n 0W, T FORE, Be it
= 81 WE'D by this county board
that II IS necessary for such purpose to
RAISE at this time the sum of Twenty
three thousand dollars ($23, OOO.O O),
r ES OF WE'D further that the
negotiable coupon bonds of said county
OF Brown be issued for said purpose
IN the aggregate amount of twenty
three thousand dollars ($23, OOO). That
said bonds shall be twenty-three (23)
IN number, numbered from one (1) to
twenty-three (23) inclusive, bear date
the first day of May 1915, be payable
at the First National Bank, in the city
OF st. Paul, Minnesota, be each of the
denomination of one thousand dollars
$lOOO.0O), bear interest at the rate of
hve per cent per annum, payable semi
annually on the first days of November
and May, in each. year. 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 Q0) years from
their date, but that there be reserved
to the county therein the privilege of
preparing said bonds as follows:
Bonds No. to No. inclusive on Nav
l, 1871, or on any interest payment
date thereafter.
Bonds No. 5 to No. inclusive on Nav
l, 1871, or on any interest payment
date thereafter.
Bonds No. 9 to No. IL inclusive on May
l., l922, or on any interest payment
date thereafter.
Bonds No. Ii to No. Is inclusive on Nav
l, 1928, or on any interest payment
date thereafter.
Bonds No. II to No. 20 inclusive on May
l, 1874, or on any interest payment
date thereafter.
Il r S 0 l. V E D further that said
bonds and the coupons thereto attached
shall be substantially in the following
form, with the necessary variations
as to numbers and maturities, and ex-
cept further that bonds Nos. Fl, % and
23 shall not contain any phraseology
providing for prepayment privilege.
STATE OF MIN ESOTA,
County of Brown,
No. $1,000
Public Drainage Ditch 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 the bearer
One Thousand Dollars
($1OOO.O0,) lawful money of the United
States OF America, on the first day of
May 1925, with interest from date until
paid at the rate of five per cent per
annum, payable semi-annuaIly on the
first days of November and May, in
each year, on presentation and surrender
OF the annexed interest coupons, both
principal and interest being payable
at the First National Bank, in the city
of St. Paul, Minnesota.
This bond is redeemable at the county's
option on May 1, 80, or on may in
terest payment date thereafter.
This bond is issued by said county
for the purpose of defraying, and is
for an amount necessary to defray
in part, the expense incurred in locating
constructing and establishing so much
OF Ascertain public drainage known as
Judicial Ditch Number Five 90 Waton-
wan and Brown Counties, Minnesota,
as is located in said Brown County,
or in such relation to said Brown County
as to affect lands therein within the
terms of Chapter 44S General Laws,
Minnesota 1907, and the acts amendatory
thereof and supplemental thereto, and
is issued by authority of and in strict
accordance with the provisions of said
laws.
And it is hereby CERTIFIED AND
RECITED that the issuance of this
bond has been duly authorized by a
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.
1t 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 regu-
lar and due form and time required by law,
and that the ditch on account of which
this bond is issued is public drainage
ditch duly and legally established for
public utility and to promote the public
health.
The full faith, credit and resources
of the county of Brown, Minnesota,
are hereby irrevocably pledged for the
punctual payment of the principal
and interest of this bond at maturity.
In TESTIMONY WHEREOF, the
County Board of said county of Brown,
has caused this bond to be signed by
its Chairman and countersigned, sealed
and recorded by it's County Auditor,
this first day OF May A. D. 1915.
Chairman
County Board.
Countersigned: