The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1918-01-18

report of the Committee on Accounts
| and Finances be accepted and filed
and the City Clerk authorized to draw
orders on the City Treasurer in pay
ment of the various amounts. Car
ried.
Report of the City Engineer show
ing the amounts due from assess
ments was read.
Moved by Alderman McCurdy, sup
ported by Alderman Eisenach that the
| report be accepted and filed. Car
| ried.
Report of the Fire Warden was
read
Moved by Alderman Eisenach, sup
ported by Alderman McCurdy that the
report be accepted and filed Car
ried.
Report of the Clerk of Court for the
| month of December, 1917, showing
total collections in the amount OF
| $249.9S was read.
Moved by Alderman Eisenach, sup
ported by Alderman Somero that the
report be accepted and filed. Car
ried
Report of the State Board of Health
on the public water supply was read.
Moved by Alderman Erickson, sup
ported by Alderman Somero that the
report be accepted and filed and the
recommendations carried out. Carried
Bond of Bart Coffey as Chief of
Police in the amount of 100000, with
the United States Fidelity Company
as sureties thereon was read.
| Moved by Alderman Eisenach, sup
ported by Alderman McCurdy that the
bond of Bart Coffey be approved upon
the approval of said bond by the City
Attorney. Carried.
Alderman Louis Sisenach offered
the following resolution and moved
its adoption, which motion to adopt
was seconded by Alderman ]. II.
White, to wit;
RESOLVED, that the Mayor and
City Clerk be authorized to issue
Certificates of Indebtedness bearing
six per cent interest, due in one year
from date, to take up outstanding
warrants issued and to be issued, in
payment of work performed and to
be performed, not to exceed the
amount which is assessable against
the abutting property.
All members voting yea the resolu
ton was adopted and so declared.
| RESOLUTION
On the End day of January, A. d.
1918, the governing body of the City
of Ely, in the County of ST. Louis
and State of Minnesota, being in
duly assembled session, 2 quorum
thereof being present and acting, did
by q majority vote duly adpot the
following resolution:
WHEREAS, in the year 1917, said
City of Ely, did legally make, exc
cute and deliver it's certain orders
in the aggregate sum of $160,000.00
for the purpose of paying current ex
penses and cost of permanent i'm
provements, said orders were issued
| to divers persons named therein fol
value received and the same are now
outstanding against tho said City Of
| Ely, and arc unpaid;
WHEREAS, said orders are either
now past due or not yet due and the
holder thereof has consented to &C
cept payment before maturity;
WHEREAS, the aforesaid govern
: ing body deems it is for the welfare
of said City of Ely, to issue to thu
State Of Minnesota it's bonds to re
fund is obligations aforesaid;
0 "NOW, THEREFORE, BE 1T RE
: SOLVED, by the governing body 0
said City of Ely of ST. Louis County
State of Minnesota, that in it's opini j
it is eXpedient to issue and negotiate
to the State of Minnesota under an,
by virtue of Chapter 122, Genera
y Laws, 1907, and Section 1855, G. S
1913, it's refunding bonds in the az
y gregate amount of $16O,OOO.OO, date'
from issue, bearing interest at tn
~ rate and amounts as hereinafter Sc
forth:
One bond for the sum of $4,000
payable July LIST, 1923.
One bond for the sum of $1,000
payable July LIST 1924.
y One bond for the sum of $1,000
payable July LIST, 1925.
~ One bond for the sum of $1,000
payable July LIST, 1926.
One bond for the sum of $1,000
payable July LIST, 1927.
One bond for the sum of $1,000
= payable July LIST, 1928.
81 One bond for the sum of $1,000
. payable July LIST, 1929.
One bond for the sum of $1,000
' payable July LIST, 1880.
One bond for the sum of $1,000
payable July LIST, 1881.
One bond for the sum of $1,000
y payable July 1st, 1882.
One bond for the sum of $1,000
payable July list, 1888.
One bond for the sum of $1,000
payable July LIST, 1884.
One bond for the sum of $1,000
. payable July list, 1895.
10 One bond for the sum of $1,000