The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1918-03-01

gotiated and sold as provided herein.
On the question OIL the adoptlon OIL
the resolution, those voting yes were
aldermen Erickson, Wnlte, Harri, Ell
senacl, Somero ard McCurdy and
mayor KnItson.
Those voting No were none.
kesolution adopted and so declared.
Alderman Louis Eisenach offered
the following resolution and moved
its adoption, which motion to adopt
was seconded by Alderman Mike So
Nero
Resolved, That Whereas, the City
Council of the City OF Ely, st. Louis
County, Minnesota, did in the annua.
tax levy made in the year 1917, ana
certified to the County Auditor of said
County, by resolution properly and
duly made, passed and entered CT rec
ord in the minutes of its proceedings
caused to be levied for collection for
the General Fund of said City, as cur
rent taxes to be collected in the year
1918, the sum of Forty Thousand Dol
lars ($4O,0OO).
Therefore, Be 1t Further Resolved
hereby, that in anticipation OF the
payment and collection of said taxes
so levied and foi. the purpose of rails
ing money to be expended from said
Fund before such collection, the said
City of Ely issue and sell its certifi
Gates of Indebtedness in the sum OF
Twenty Thousand Dollars ($20,O00)
payable TO bearer, the proceeds OF
which VIXEN solo shall be deposited to
the credit of the General Fund; said
certificates to be forty in number AMI
in the denomination of Five Hundred
Dollars ($500.00) each, and numbered
1onsecutivcly from one to forty, in
elusive, and bear interest at the rate
of six CO. per cent per alnum, pay.
able at maturity and draw interest
until pcid.
That said certificates be issued and
dated March 1st, 1918, be sold at par
and the interest that have accrued
thereon at the day of sale.
That the proceeds OF said taxes
levied, when collected, be and hereby
is frrevocably pledged for the redemp
ton of said certificates.
That the proper officers of the City
of Ely be and hereby are authorized
and directed to have prepared and
execute said certificates and deliver
them to the City Treasurer to be ne
gotiatcd and sold as provided herein
On the question of the adoption OF
the resolution, those voting yes were
Aldermen Erickson, White, Harri, Ell
scnach, Somero and McCurdy and
Mayor Knutson.
Those voting No were none
Resolution adopted and so declared
Alderman Mike Somero offered the
following resolution and moved its
adoption, which motion to adopt was
seconded by Alderman James H
White:
Resolved, That Whereas, the City
Council of the City of Ely, ST. Louis
County, Minnesota, did in the annual
tax levy made in the year 1917, ana
certified to the County Auditor of SAID
County, by resolution properly and
duly passed and entered Of record il
the minutes of its proceedings, caused
to be levied for collection for the
Permanent Improvement Fund of said
City, as current taxes to be collected
in the year 1918, the sum of Twenty
Five Thousand Dolle,rs $(25,OOO).
Therefore, Be 1t Further Resolved
hereby, that in anticipation of the
payment and collection of said taxes
so levied, and for the purpose of rails
ing money to be expended from said
Fund before such collection the SAID
City of Ely. issue and sell it's certif