Morris tribune., 1916-03-31
United States of America,
State of Minnesota,
County of Stevens,
PUBLIC DRAINAGE DITTO

PUBLIC DRAINAGE DITCH BOND
Know All Men By These Presents
that Stevens County in the State Of Min
neSOta, acknowledges itself indebted
and for value received, promises to pay
TO bearer. ....''...........
6 lawful money of the United
States of America, on the First day Of
February, 49,, with interest from
date until paid at the rate of five per
cent per annum, payable semtannually
on the first days of August and Febru-
airy IN each year, on presentation and
surrender of the annexed interest cou-
pons, both principal and interest being
payable at the First National Bank of
St Paul, in the City of ST Paul Mime
sofa.
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 and to be incurred in
locating, constructing and establishing
certain public drainage ditch known
as County Ditch Number 20, wholly
within said county, and is issued by
authority of and in strict accordance
with the provisions of Chapter 23O,
General Laws, Minnesota, 1905, and the
acts amendatory thereof and suple-
mental thereto.
It is hereby CERTIFIED and RE
CITED that the issuance of this bond
has been duly authorized by a resolu-
tion of the County Board of said Coup-
ty, 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 Reclted
that all acts, conditions and things Te-
quired by the laws and constitution of
the State of Minnesota, to be done pre-
Cedent to and in the issuance of this
bond, have been properly done, happen
ed and been performed in regular and
due form and time as required by law,
and that the ditch on account of which
this bond is issued is public drainage
ditch duly and legally established for
health.
The full faith, credit and resources of
hereby irrevocably pledged for the
punctual payment of the principal and
interest of this bond at maturity.
In M witness W IS Whereof The County
esota, has caused this bond to be sign
ed by it's Chairman, and countersign-
ed, sealed and recorded by the County
Auditor, this First day of February,
Chairman County Board.
County Auditor.
That the Coupons be substantially as
folloWs:-
No..
On the First day of Fe6rnarv a. L. H.
Stevens County will pay to bearer. zee.
at First National Bank. St. o1 PaTI Mime
sofa, being the semiannual installment
of interest on it's Public Drainage Ditch
Bond, dated February 1, 1916. Number
ed. ..
Chairman.
Countersigned:
County Auditor.
Be it further resolved that said bonds
and each of the coupons thereto attach
ed shall be signed by the chairman of
said board, and countersigned by the
county auditor, and that each of said
bonds shall be sealed and recorded by
q hot flNn sir
lures of the chairman and auditor up
on the coupons of said bonds may be
their facsimile signatures printed lith-
Ographed and engraved, and
~ Whereas, C. o. Kalman & Co., of St.
Paul, Minnesota, have heretofore offer
ed to purchase said bonds, and to pay
therefor not less than their par value,
and,
Whereas, this board deems it for the
best interest of said county to accept
the said bid of said c. o. Kalman &
Co., and the same has been and hereby
is accepted, and,
Whereas, in pursuance of law, a
statement showing the cost of said
County Ditch Number 20, and of the
amount of the lien upon the lands ben
Gifted thereby, has been duly made and
Now, Therefore, be it resolved by the
county board of said county of Stevens
that said bonds, when so executed,
shall be delivered to c. 0. Kalman & Co.
or their order, upon their paying into
the county 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 General Ditch
Fund of said County.
Be it further resolved that said bonds
and the interest coupons thereof shall
be paid out of any available funds in
the county treasury of said county,
when the funds on hand in the general
ditch fund of the treasury of said coun-
ty are insufficient to meet the payment
Of the interest or principal of said
bonds, when the same respectively ma,
lures, and the county auditor and