The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1915-05-19
County Commissioners
Hold Special Meeting

| members OF the bOard were all
present.
Commissioner John Arends offered
the following preambles and resolu-
lions and moved their adoption:
Whereas, in pursuance of and in
full compliance with the provisions
of Chapter 254, General Laws, Min
nesota, 1911, such steps have been
duly and legally taken that state
rural highway has been duly laid out
and constructed wholly within this
county known as State Rural High
way No. Sd, and it has been definite
ly ascertained and determined in ac-
cordance with the provisions of law
applicable thereto that the expense
incurred or to be incurred in laying
out and constructing said highway
within this county of Redwood will be
at least the sum of Fifty Thousand
Dollars ($50,O00), and
Whereas, there is not sufficient
money in the treasury of said Red
wood County to defray the expense
incurred and to be incurred in so
laying out and constructing said high
way,
| 4NoWs OAsI,
Be it RESOLVED by this county
board that it is necessary for such
purpose to raise at this time the sum
of Fifty Thousand Dollars ($50,000.)
RESOLVED, further that the ne
gotiable coupon bonds of said coun-
| ty of Redwood be issued for said pur-
pose in the aggregate amount of Fiji
ty Thousand Dollars ($50,000). That
said bonds be fifty (50) in number,
numbered from one CD to fifty (50)
inclusive. be of the denomination of
one thousand dollars $4,000 each,
bear date the First day of June, 1915,
bear interest at the rate of five and
one-half per cent per annum, payable
semi-annually on the first days of De-
cember and June 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
| lIOUl CIlclI UdCt, UuC lldC CIlCIO )C
reserved therein to the county the
privilege of preparing said bonds as
follows:
Bonds No. 1 to No. 10 inclusive six
years from their date or on any in
terest payment date. thereafter.
Bonds No. II to No. 20 inclusive
seven years from their date or on
any interest payment date thereafter.
Bonds No. Fl to No. 80 inclusive
eight years from their date or on any
interest payment date thereafter.
Bonds No. 81 to No. 40 inclusive
nine years from their date or on any
interest payment date thereafter.
RESOLVED, further that the said
bonds and the coupons thereto at
tached shall be substantially in the
following form, with the necessary
ties, and except further that bonds
No. Al to No. so inclusive shall not
contain any phraseology providing
for prepayment privilege.
United States of America,
STATE OF MINNESOTA,
Mo-. 100000
County of Redwood,
State Rural Highway Bond.
Know All Men By These Presents,
That Redwood County, in the state
of Minnesota, acknowledges itself in
debted, and for value received, prom
Uses to pay to bearer
+ One Thousand Dollars
$4,000, lawful money of the Unit
ed States of America, on the first
day of June 1925, with interest from
date until paid at the rate of five
and one-half per cent per annum, pay
able semi-annually on the first days
of December and June in each year,
on presentation and surrender of the
annexed interest coupons, both prin-
cipal 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 June 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 defray
III pdIG CIlc eApclS0 IllCuIIeu anu w
be incurred in laying out and con-
structing certain State Rural High
way, 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, Mime
sofa, 1911.
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 statu-
tory limit.
1t is further CERTIFIED and RE-
CITED that all acts, conditions and
things required by the laws and con-
stitution of the State of Minnesota,
to be done precedent to and in the
issuance of this bond, have been prop
erly done, happened and been per-
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