Morris tribune. [volume] (Morris, Minn.) 1880-2000, 1916-12-29

shall be paid as follows: One-fifteenth
thereof on or before five years from
! November 1st subsequent to the date
! of the filing of the Auditors statement
| of lien in the Office of the Register of
| Deeds of said Stevens County, and one
| fifteenth thereof on or before the first
/ day of November of each year there
after until the full amount thereof be
| paid; interest upon the unpaid prin-
{ cipal to be paid annually.
| BE 1T FURTHER RESOLVED. that
| the bonds when duly executed and seal
: ed shall be delivered to the County
| Treasurer to be by him delivered to the
| purchase price, being not less than the
, par value of said bonds and accrued
| interest thereon, and the receipt of the
Treasurer shall be to the purchaser
I chaser shall not be obliged to see to
! the application of the purchase money;
| and the proceeds of said bonds shall be
! placed in the proper fund and used
! only for the purpose of paying the ex-
| pense of locating, constructing and es-
| tablishing the bitches above named
! respectively.
BE 1T FURTHER RESOLVED, that
| the sale of said bonds to the Wells
! Dickey Company at the price of par and
| interest be and the same is hereby
| ratified and confirmed, said sale being
deemed to the best advantage to the
| County.
The motion to adopt said resolutions
was duly put by the Chairman, and
+ en- and recorded:
Those voting in the affirmative: Com
missioners o. N. Dohlen, N. P. Mecklen-
, burg, VIM. Gausman, D. H. Lawler.
| Those voting in the negative: None.
! WHEREUPON, the said resolutions
were by the Chairman declared duly
o. N. Dohlen,
| (SEAL) Chairman
! c. r. Wollthan,
County Auditor
Commissioner D. H. Lawler offered
| the following preambles and resolu-
! tions and moved their adoption:
! WHEREAS, in pursuance of and in
| full compliance with the provisions of
| Chapter 230, General Laws, Minnesota,
| 1905, and the several acts amendatory
| thereof and supplemental thereto, such
steps have been duly and legally taken
that a certain public drainage ditch
has been duly located and established
wholly within this County, known as
County Ditch Number is, and it has
been definitely ascertained and deter
mined in accordance with the pro-
visions of law applicable thereto that
! red in locating, establishing and con-
! structing said ditch within this County
i of Stevens, Minnesota, will be at least
the sum of Forty-one Thousand Dollars
i WHEREAs, there is not sufficient
money in the treasury of said Stevens
County to defray the expense incurred
and to be incurred in SO locating. es-
| tablishing and constructing said ditch,
/ NOW THEREFORE,, BE 1T RE
! SOLVED, by this county board that. it
at this time the sum of forty-one
| thousand dollars ($41,OOO).
RESOLVED further that the nego--
table coupon bonds of said County Of
! Stevens, Minnesota, be issued for said
purpose in the aggregate amount OF
forty-one thousand dollars ($41 0OO).
That said bonds shall be forty-one
sd in number, numbered from one one
denomination of 100000 each, bear
date the first day of December 1916,
bear interest at the rate of five per
cent per annum, payable semi-annually
on the first days of June and December
in each year, and be due and payable
as to principal and interest at the First
National Bank in the City of st. Paul,
Minnesota.
That each of said bonds be payable
in lawful money of the United States
of America, and be due and payable as
to principal as follows:
Bonds Numbered l and 2 on the first
day of December, 1922; Bonds Numb
ed s. and OH the first day of Pc
cember, 1928; Bonds Numbered and =
Bonds Numbered 8, 9 and 10 on the first
day of December, 1925; Bonds Number
ed II, II and 10 on the first day Of
December, 1926; Bonds Numbered a.
IS and 16 on the first day of December
1927 Bonds Numbered II and 10 on
the first day of December, 1928: Bonds
Numbered 10, 20 and Fl on the first
day Of December, 1929; Bonds Number IN Der
cember 1880; Bonds Numbered a., 25
and rs on the first day of December
1881; Bonds Numbered q and % on
the first day of December, 1892; Bonds
Numbered 29 80 and 81 on the first
day of December, 1898; Bonds Number
ed 90 and 80 on the first day, Of De- ee::
and SO on the first day of December
1885; and Bonds Numbered 81, 49, IS
40 and Al on the first day of Deem
Der, 1885.
RESOLVED further that said bonds
and the coupons thereto attached shall
be in substantially the following form
with the necessary variations as tt
numbers and maturities, which sale
form is hereby approved and adopted:
No......... 100000
UNITED STATES OF AMERICA
State of Minnesota
County of Stevens