Wood County reporter. [volume] (Grand Rapids [i.e. Wisconsin Rapids], Wis.) 1857-1923, 1918-01-03

Hatch, Mrs. E. P. Arpin, Mrs. Sam
Church, Mrs. B. L. Brown, c. w.
Schwede, (12).
Absent: Commissioners T. w. Bra
zeau, Otto Bein, Rev. G. A. Meilicke,
J. B. Nash, Mrs. Donald Waters, ~.
The following preamble and resolu-
tions presented:
WHEREAS, By the provisions of
Chapter seventeen of the Revised Sta
tutes and acts amendatory thereof,
the Commissioners of the Public
Lands Of Wisconsin are authorized to
invest the Trust Funds of this state
in loans to towns, villages, cities,
boards of education and counties in
this state, as in said acts provided,
and
WHEREAS, Every town, village,
city, board of education and county in
this state is empowered to borrow OF
said commissioners, from said Trust
Funds, such sum or sums of money,
for such time, and upon such condi-
tions and terms as may be agreed up
on by and between the said commits
sioners and the town, village, city,
board of education or county apply
ing for loan, subject to the limita-
tions, restrictions and conditions in
said act set forth;
NOW THEREFORE, RESOLVED,
That we, the board of education of
the city of Grand Rapids, Wisconsin,
duly assembled according to law, do
hereby approve and authorize applica-
ton to be made to said commissioners
by the president and clerk of this
Board, for a loan of twenty-one thous-
and and no-100 dollars tot his board,
said loan to be payable within twenty
COY years in ten equal annual INSTALL
ments of two thousand one hundred
and no-100 dollars each, beginning
with February, 1923, with interest
thereon at the rate of Az per centum
per annum, payable from the date of
the making of the loan to the first day
of next February, and thereafter an
nually as provided by law: further
RESOLVED, That no money OBJ
tanned by this Board, by such loan
from the state, be applied or paid out
for any purpose except that (D pay
ment of deficit due to construction of
Edison school, $3,997.39; (2)payment
of Indebtedness due to alterations Of
school buildings, S9,502.61; (3) con-
struction of proposed fire escape, Lin
coin school, $7,500.00, without the
consent of the Commissioners of the
Public Lands, hereafter obtained;
RESOLVED, That in case the afore-
said application for loan from the
Trust Funds, shall be approved by
the said commissioners of the Public
Lands, that the president and clerk Of
this board be, and they are hereby
fully authorized and empowered, in
the name of the board of education, to
make, execute and deliver to said COM
missioners, certificates of indebted
ness, in such form as required by said
commissioners, for any and all sums
of money that may be loaned to said
board, pursuant to said application,
hereby empowering the said president
and clerk to do and perform all neces-
sary things to be done by the board
of education, to fully carry out the
provisions of said chapter one hundred
and sixty-seven, and acts amendatory
thereof and these resolutions.
Moved and seconded that the pre-
amble and resolutions be adopted as
presented. Motion was carried by the
following vote, the clerk calling the
roll:
Ayes: w. H. Reeves, Jacob Searls,
J, R, Raglan, W. F. Kellogg, Guy 0.
Babcock, Carl Nord, A. H. Voss, C. A.
Hatch, Mrs. E. P. Arpin, Mrs. Sam
| Church, Mrs. B. L. Brown and G. W.
Schwede, (12).
| Noes: None.
| Absent: Theo. W. Brazeau, Otto
Bein, Rev. c. A Meilicke, j. B. Nash,
and Mrs. Donald Waters, (5).
Motion to adjourn was carried.
(Signed) Guy O. Babcock,
President of Board of Education
(Signed) C. w. Schwede,
Clerk of Board of Education.