The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1916-09-27

be for the fiscal year ending July 1st,
1917.
Vote being had on the foregoing res
olution. the same was adopted by
unanimous vote OF the board and SO
declared by the chairman.
Commissioners Geo. Schmiesing Of
fered the following Preamble and Res
olutions, and moved their adoption:
BOND RESOLUTIONS
Whereas, the County Board Of this
County of Redwood, in the State of
Minnesota; has heretofore under and
pursuantto the provisions Of the Gene
raj Laws of the State of Minnesota
applicable thereto, duly located
and established that certain County
Drainage Ditch located within this
county, known as County Ditch No. 81
and such proceedings have been legally
taken that this County Board is fully
and legally authorized to issue and de-
liver the negotiable coupon bonds of
this county for the purpose Of defray-
ing the expense incurred and to be in
Cured in locating, constructing and
establishing such county ditch, which
lies wholly within this county of Red
wood, ard
Whereas, this county board has here
tofore legally determined and does
hereby determine that it is necessary
to issue and deliver for the purpose Of
defraying such expense incurred and
to be incurredi in locating, constructing
and establish ng said County Drainage
Ditch No. 81, the negotiable coupon
bonds Of this county of Redwood in the
amount of Forty-fve Thousand Dollars
($45, 600. O0), said bonds to be forty
FIVE (45) III number, numbered from
/ to As both inclusive, each of the de-
nomination Of One Thousand Dollars
Isl, 100000 and to bear date the first
day of June, 1916, three ~ thereof due
on the first day of June, 1921, and three
~ thereof due on the first day of June
of each of the years thereafter, to end
including June l, 1885, all bearing inter-
est at the rate of Four and One-half
Per Cent AZ per cent? per annum pay
able semi annually on the firse day Of
June and December of each year, both
principal and interest payable at the
banking house of The Northwestern
National Bank of Minneapolis, in Min
neapolis, Minnesota, and
Whereas, said bonds have been duly
and sold, Now, Therefore,
Be It
Resolved by the County Board of this
county of Redwood, in the State of
Minnesota, that said negotiable coupon
drainage ditch bonds of the numbers
and denominations and payable as
aforesaid, be executed. issued and de-
livered for the purpose aforesaid, and
shall be substantially in the following
form, with the necessary variations as
to numbers and maturities thereof,
which form is hereby approved and
adopted:
form of Bond)
UNITED STATES OF AMERICA
STATE OF MINNESOTA
COUNTY OF REDWOOD
No.. $3.50. $1,000. 90.
COUNTY DITCH BOND
Know All Men By These Presents,
that the County Of Redwood, in the
State of Minnesota, for value received
acknowledges itself to owe, and here
by promises to pay to bearer, the sum
ONE THOUSAND DOLLARS
lawful money Of the United States of
America, on the first day of June.
10. ....., with interest on said sum
from the date hereof until paid, at the
rate of Four and One half Per Cent
(4a per cent? per annum, payable semi
annually on the first day of June and
December of each year, the interest to
maturity being represented by appro-
pirate coupons hereto attached, both
principal and interest payable at the
banking hou.e of The Northwestern
National Bank of Minneapolis, in Min
neapolis, Minnesota.
This bond is issued by the County
Board of the County of Redwood, in
the State of Minnesota. fer the pur-
pose of defraying, and is for an amount
necessary to defray in part, the ex-
pense incurred or to be incurred in To-
eating, constructing and establishing
a County Drainage Ditch wholly within
said county, and known as County
Ditch No. 81, and is issued by author
ity of and in strict accordance with the
provisions of Chapter 230 of the Gene
raj Laws of the State of Minnesota
for the year 1905, and the acts amend
atory thereof or supplemental thereto.
It Is Further Certified and Recited
that all acts, conditions and things re-
quired by the laws and constitution of
the State Of Minnesota, to be done
precedent to and in the issuance of
this bond, have been properly done,
have happened and been performed in
regular and due form and time as re-
quired by law; that the ditch on ac-
count Of which this bond is issued is a
public ditch duly and legally located
and established for the promotion Of
the health, convenience and general
welfare of the public, and that the to-
tai Indebtedness Of said county, in
Guiding this bond, does not exceed any
statutory or constitutional limitation.
The Faith, Credit and Resources of
the county of Redwood are hereby ir-
revocably pledged for the punctual pay
ment of the principal and interest Of
this bond at maturity.
In Testimony Whereof, the county of
Redwood, Minnesota, by it's county
board, has caused this bond to be sign
ed. sealed and recorded by its County