Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1918-12-25

Meeting called to- order by the Chair
man at 10 o'clock A, M.
All members present.
Minutes of Special Meeting Oct. 21st
and adjourned meeting Nov. 14th, read
and approved as read.
BE 1T RESOLVED. That the bonds
OF the following officers with the re-
Spective sureties thereon be and the
same are hereby approved. viz:
A. G. Lundgren, bond for $S,O0O.O0 as
County Auditor with the Aetna Casual
ty and Surety Co. as sureties.
Alfred G. Swandby, bond for $4,000 90
as Clerk of District Court. with the
Aetna Casualty and Surety Co. as sure
ties,
Andrew NJ Eckstrom. bond for ST.
10000 as County Attorney, with Ameri-
can Surety Co. as sureties.
Peter H. Holm, bond for 100000 as
Judge of Probate Court. with the Aetna
Casualty and Surety Co. as sureties.
Clarence Hiaasen, bond for 100000
as Coroner, with Christ N. Hiaasen and
steiner Green as suretes.
Commissioner A. O. Fladeland Offer
ed the following resolution in writing
and moved it's adoption:
BE 1T RESOLVED, That VIM. Tripp's
bond be reduced IS per cent.
Commissioner O. Enge seconded the
motion and the same being put receiv-
ed a majority of the votes of the mem
carried and was by the Chairman then
presiding, so declared.
Commissioner O. Enge offered the
following resolution in writing and
moved it's adoption:
BE IT REsOLvED. That Nick Matt
sons bond be reduced IS per cent
Commissioner G. f. AdOlphsOn Sec
onded the motion and the same being
put received majority of the votes Of
the members Of the County Board and
was duly carried and was by the Chair
man, then presiding, so declared
Commissioner c.. F. Adolphson Offer
ed the following resolution in writing
and mo , its adoption:
Wood. The Minnesota Loan &: Trust
Company, Capital Trust & Savings
Banks, WellsDickey Co., have each
h tbs nG sa, in a. ct
age Bonds that Marshall County might
issue during the year Of 1919,
AN WHE 212s+4Ss; The market Of
an unsettled condition, and that as
time progresses the market may con-
tinue to grow more and more unsettled
of this Board. that provisions be made
at this time for the issuance and sale
of all Drainage Bonds of Marshall
County to be issued during the year
BE 1T, NOW THEREFORE,, RE-
SOLVED, That this Board accept the
proposition submitted by Kalman, Mat
teson 4 Wood. being the best PROPOSE
ton offered and which is as follows
to-Wit:
December 49, 1918
Hon. Board of County Commissioners,
Marshall County, Warren, Minnesota
Gentlemen:
In connection with the issuance and
sale of all Drainage Bonds that you
0itHhaS
ing 1919, Or prior thereto, said bonds
to be dated as of the first of the month
when issued: to be sold at advertised
sale Internationally as soon as legally
possible, said bonds to bear interest at
the rate Of 5A per cent per annum,
payable semi-annually, both principal
to be delivered at the First National
Bank, St. Paul, Mimi, said bonds to be
in denomination Of $1,000 each and to
mature each ditch in equal annual
installments from six to twenty years
from date Of bonds,
We submit herewith the following
proposal,
bond attorney in the examination and
approval of all proceedings had by
your Board pertaining thereto, furnish
tons, form Of bonds, the various certi-
ficates, notice of sale, ETC., furnish the
approving opinion of our bond attorney
of the legality of the issues so that un-
conditional bids may be called for, and
in addition thereto furnish the neces-
sary blank bonds ready for signature,
and further advertise the notice of sale
in some leading bond paper, you to al
low three-fourths of one per cent
"a of l per cent? on the face value of
all bonds issued as reimbursement for
routlays in connection Herewith, but
we, in turn, obligate ourselves to bid,
when said bonds are offered for sale,
the par value thereof together with
accrued interest and in addition there
RI inv nf o. oSt ont Of
the face value Of all bonds issued and
sold, the net result being that the
County is guaranteed at this time not
only bid of par and accrued interest
but in addition thereto the above
named premium for the bonds, the ex-
pense Of the issues being borne by the
purchaser.
You to furnish us without charge
certified transcripts Of all proceedings
Of your Board evidencing the legality
of the issues to our attorney.
Respectfully submitted,
kALMAN, MATTESON & WOOD,
BY E. E. Heeter
hereby certify that the above pro-
resolution Of the County Board this
ID '''' >''' VI ' A. N. .LoDoEN,
Chairman.
A. G. LUNDGREN,
County Auditor.
'(Auditor's SeaD
We further agree that should the
above reimbursement exceed the actual
amount of our OUTLAWS in connection
with the above services, we agree to
add additional premium on day of
sale equal in amount to the difference
of the actual cost of our services and
the above named charges, we to itemize
our expenses and submit same to your
Board. Should the actual cost exceed
the above stipulated allowance, we are
to stand the difference as loss, the net
result being that the County is to be
free of all expenses.
Respectfully submitted,
KALMAN, MATTESON & WOOD,
BY E. E. Heeter.
Dec 10, 1918.
I hereby certify that the above pro-
posal was duly accepted by proper re-
solution of the Board of County Com
missiOners, Marshall County, at its'|
meeting held this 10Th day Of Deem
Der, 1918.
A. NJ LODOEN,
Chairman County Board.
Attest:
A. G. 'LUNDGREN,
County Auditor.
(Auditor's SeaD
COMMISSIONER A. O. Fladeland sec
onded the motion and same being put
received majority of the votes Of the