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

Chairman
! County Board.
Countersigned:
County Auditor.
but that to each of said coupons maturing
subsequently to the prepayment date
shall be added the words s'unless said
bond is sooner paid.' Be it further
RESOLV WE'D that said bonds
and each of the coupons attached
thereto shall be signed by the chairman
of this board, and countersigned by
the county auditor, and each of the said
bonds shall be sealed and recorded by
the county auditor.
That the signature of the said chair
man and Auditor upon the coupons
may be their fac smile signatures
Autographed or engraved, and
w H E REAS, C. O. Kalman &
Co., of St. Paul, Minnesota, have here
tofore offered to purchase said bonds,
and to pay therefor not less than their
par value and, w H E R E A S, this
board deems it for the best interest
of said county to accept the said bid of
G. O. Kalman & Co., and the same
has been and hereby is accepted, N O w !,
T H E R E F o RE,
Be it EsOLVED by the county
Board of Brown County, Minnesota,
that said bonds when so executed,
shall be delivered to C. O. Kalman &
Co., or their order, upon their paying
into the treasury of said county the
amount of their bid therefor, and that
the proceeds of the sale of said bonds
shall be placed in the County Road
and Bridge Fund of said County. Be
it further r ESOLVE by said
board that the said bonds and the
coupons thereof shall be paid out of any
available funds in the county treasury
OF said county when the funds on hand
in the County Road & Bridge Fund of
the Treasury of said county are insult
ficient to meet the payment of the
interest or principal of said bonds when
the same respectively natures, and the
county auditor and county treasurer
of said county are hereby authorized
and directed to pay the interest and
principal of the said Bonds in such event,
and to take all necessary steps to that
end, but the funds from which such
moneys may be taken or used for the
payment of the principal or in
terest of the said bonds as they re-
spectively mature, shall be replenished
with interest at the rate of six per cent
per annum, from the collection of UNI
paid assessments for State Rural High
way No. 81 as such assessments are
collected and received. Be it further
K E S OIL V E D that the full faith,
credit and resources of said county of
Brown, Minnesota, be and the same
are hereby irrevocably pledged to pro-
vide the money for the principal and
interest of said bonds when and as
the same become due.
Commissioner John Henle one of
the members of said board seconded
the motion to adopt said preambles
and resolutions, and thereupon the
following vote was taken and recorded:
Those voting in the affirmative:
Commissioners Christ Roland, John
Henle, C. L. Palmer, Herman Polkow.
Those voting in the negative: None.
Whereupon said preambles and reso-
lutions were declared duly adopted.
Commissioner John Henle, offered the
following preambles and resolutions and
moved their adoption
/ w r e A S in pursuance of and
IN full compliance with the provisions
OF Chapter 448, General Laws, Mime
sofa, 1907, and the several acts amen
datory thereof and supplemental thereto
such steps have been duly and legally
taken that certain public drainage
ditch has been duly located and estab-
llshed with certain branches and laterals.
the entire system of which is located
partly in the County of Brown and
partly in the County of Watonwan,
IN the State OF Minnesota, and known
as judicial Ditch Number Five (5),
WatonWan and Brown Counties, Min
nesota, and proceedings have been duly
had and legally taken locating and
establishing said ditch, and it has haan
definitely ascertained and determined
in accordance with the provisions
of law applicable thereto. that tho az
pense incurred and to be incurred n
locating, constructing and establishinu
so much of said Judicial Ditch Number
5 as is located within the County of
Brown, or in such relation to said countv
as to affect lands therein within the
terms of said legislative act. will he
least the sum of Twenty-three thous-
and dollars ($23, O0O), and
w H r Il E AS, there is not sniff
Gent money. in the treasury of said
Brown County to defray the expense
incurred and to be incurred in so To-
eating, constructing and establishing
SO much Of said Judicial Ditch Numher
as is located within said County of
Brown, or in such relation thereto as
to affect lands therein within the terms
of said law, and - ~ 80 'i'0
w H p REAS, this county board
has heretofore determined to issne Tho
bonds OF said county to raise mon nov
Tor such purpose and has awarded Tho
same to G. Q. Kalman & Co., and thew
have requested this board to modify
and supplement the resolutions and pro.
ceedings heretofore adopted nv this
board IN reference to said bonds in the
particulars disclosed by tha rasol,,t;ors