The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1918-10-30

sMatteson & Wood of st. Paul, Mime.
sofa, on their bid therefor. which. is
not less than par and Accrued interest
and r-*
WHEREAS there has been some de-
lay in the preparation of said bonds
and it is expedient that the date there
of, and of the interest payments there
on, and of their maturities, should be
changed from the dates heretofore fix
ed therefor, and such course is agree
able to the purchasers thereof,
BE 1T RESOLVED
I. That the date of said bonds be
November l, 1918, and the interest be
payable May LIST and November lst,? in
each year, and that bonds numbered 1
to 10 inclusive shall be due November
ten bonds in the order of their num-
bers ON the first day of November in
each of the years 1929 to 1896 inclu-
sive, and bonds numbered 81 to- 100 in
elusive on the first day of November
1887.
2. That said bonds shall be in SUBJ
stantially the following form, with the
necessary variations as to numbers ana
maturities, that is to say
No.. $1,000 90
United States of America,
State of Minnesota
County of Cook.
REFUNDING BOND.
KNOW ALL MEN BY THESE PRES
ENTS, That the County Of Cook, in the
State of Minnesota, acknowledges it.
self indebted, and for value received,
promises to pay to bearer One rhouse
the United States of the present stand
ard of weight and fitness on the First
day of November A. D. 10, with in
terest thereon from date until paid at
the rate of six per cent per annum,
payable semiannualy ON the first days
of May and November in each year, up
on presentation and surrender of the
annexed interest coupons as they sew
orally become due, both principal and
interest being payable at American tx
change National Bank, in the City OF
New York.
This Bond is issued by said County
for the purpose OF refunding it's out
standing floating indebtedness pursuant
to a resolution of it's County Board,
and by virtue of and in full compliance
With the Of a Id 6e
acts amendatOry thereof and supple
mental thereto.
1t is further RECITED that all acts,
conditions and things required by the
Constitution and laws of the State of
Minnesota, to happen and be done pre-
cedent to and in the issuance of this
bond, have happened and been properly
as required by law, and that the total,
indebtedness of said County, including
this bond, does not nor did the indebt-
edness refunded hereby at the time the
Same was lHCuIIcU, cACccu dly COIlSLl-
tutional or statutory limitations.
For the prompt payment of the prin-
cipal and interest Of this bond, accord
ing to its terms: the fIll faith, credit
are hereby irrevocably pledged.
IN WITNESS WHEREOF the said
County of Cook, Minnesota, by it's
County Board. has caused this bond to
Board and by the County Treasurer,
and countersigned by the County Audi
tor of said County, and the corporate
seal of said county to be hereto af1lxed
Chairman County Board.
County treasurer.
County Auditor.
FORM OF COUPON.
W On tn: the first day of (May. NovemberS
will pay to bearer Thirty Dollars $500,
in Gold Coin, at American Exchange
National Bank, New York City. being
REFUNDING BOND, dated November l,
County Auditor.
chairman of this board and the county
treasurer be, and they are hereby au-
thorized and directed to sign said bonds
in substantially said form and the
be affixed thereto. That the printed,
engraved or lithographed fac smile Of
the county auditors signature be at
and that on such execution of said
bonds and coupons the treasurer is au-
thorized to deliver the same to Kalnan
Matteson & Wood or their order. on
1,oi,p win int no f1soo nf
county the amount of their bid hereto
fore accepted therefor, and on the SIM
ultaneous payment therefrOm and the
cancellation of at least an equal am
refunding of which said bonds are is
sued as hereinafter specified, and
WHEREAS it has been and hereby
is found and determined by this board
that there were duly issued at divers
times, in divers amounts and to divers
persons certain warrants or orders of
said county, drawn upon it's treasurer,
pursuant to the authority and direction
of this board and the provisions of law
in each case in payment of valid obi
cations of said county heretofore duly
warrants or orders was duly presented
to the county treasurer of said county
for payment, and was thereupon not
paid for want of funds in the county
ingly Were each thereupon duly endors;
ed by the county treasurer mot paid
for wan of funds" who thereupon an
nexed the respective different, dates
when so made to such endorsements re-
spectively, to each of which Endorse
ments in each case the county treasu--
rer duly and officially signed his name
thereto. all of which warrants or ord
ers, and the different items of indebted
ness respectively represented thereby
are still outstanding and unpaid. and
the entire Indebtedness represented; by
each and every one Of said warrants
with the interest: accrued thereon, ;ag-
gregates in excess of the sum of one
hundred thousand dollars ($100,0 Oo),
all of which is unpaid. and is now due
and OWNS. by said county to the hold
ers of said warrants or orders in the
different amounts thereby respectively
indicated, and the accrued interest
thereon descriptions of which war
rants are upon the records Of the coun-
ty treasurer, and which have been
carefully examined al by ( this board.
which show their numbers. and being
known and described on said records
OF the county treasurer and board as
hereinafter specified. all of said war
rants having been issued and regis
tered prior TO August ~, 1918, and