Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1917-05-02
School Board PROCEEDINGS.

Proceedings.
d Aas until III fully ~ Paa at he rate s'' on
four and one-half per cent (4h)
per annum, payable semi-annually
on the first day Of April and Octo-
Der Of each year, the interest to
maturity being represented by ap-
propriate interest coupons attached
to this bond, both principal and in
terest payable at the Banking
House Of the Northwestern Nat on
al Bank of Minneapolis, in Mime
apolis, Minnesota.
This Bond is duly and legally is
sued by said Independent Schoo!
District for the purpose Of taking
up and paying a like amount of
the valid. outstanding floating in
debtedness Of said District. repre-
scented by orders issued for the
construction and equipment of a
high school building erected in the
City Of Warren, in said District.
under and by virtue of the General
Statutes and Laws Of the State of
Minnesota applicable thereto, and
in strict conformity with the pro
visions thereof, and it is hereby
certified and recited that the is
suance of this bond has been duly
authorized by vote in favor
thereof Of more than a majority of
the legal voters Of said 1ndepend-
ent School District present and
voting at legally called meeting
of the same for that purpose, duly
and regularly held therein on the
10th day Of April, 1917.
It Is Further Certified And Re
cited that all acts, conditions and
things required by the statutes and
the laws 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 required by law,
and that the total Indebtedness of
said District, including this bond,
does not exceed, nor did the indebt-
edness represented by the warrants
funded hereby. exceed any statu-
tory limitation.
The Full Faith, Credit and Re-
sources Of said Independent School
District and Of its Board of Edu-
cation as such, are hereby irrevo-
cably pledged for the punctual
payment of the principal and in
terest of this bond a. they several
ly mature.
In Testimony Whereof, Independ-
ent School District No. 2, of Mar
shall County, Minnesota, has caused
this bond to be signed by the Pres
ident Of ito Board Of Education
and the Clerk Of the Board of Ed
ucation, and ceuntersigned by the
Treasurer, as Of the LIST day of
April, 1917.
SOC.
President Of the
Board of Education.
Clerk of the
Board of Education.
Countersigned:
Treasurer.
Section 3. That each of said
bonds shall have an appropriate
number Of coupons attached there
to. substantially in the following
form, with the necessary variations
as to number and maturity, each
bearing the number of the bond to
which it is attached, and numbered
serially, which form is hereby ap-
proved:
(Form of Coupon)
No. :. Warren, Minnesota. s22.5O
On the first day of
April
October, 10.
Independent School District No.
2, Of Marshall County, Minnesota,
will pay to bearer at The North
western National Bank. in Mime
apolis, Minnesota,
TWENTY-FIVE AND 50-1oo DOL
being the semi-annual installment
of interest then due on it's indie
pendent School District Bond dated
April 1st, 1917.
President.
Clerk.
Countersigned:
Treasurer.
Section 4. That the President
and Clerk Of this Board are here
by authorized to duly sign said
bonds and coupons and the Treas
urer to countersign the same and
that in the, execution of said
coupons the facsimile signatures
OF said officers upon said coupons
shall be deemed to be the due ex-
ecution thereof: and when so duly
executed to deliver. said bonds to
The Minnesota Loan and Trust
Company, the purchaser thereof,
upon its paying into the Treasury
the amount Of its bid therefor,