Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1918-10-16
CITY COUNCIL
PROCEEDINGS
SCHOOL PROOCEEDINGS

SCHOOL PROOCEEDINGS
A special meeting of the Board o.
Education of Independent Schoo
District No. AZ of Kandiyohi County
was held at Bank of Willmar Sept
2Sth, 1913 at $40 o'clock q. m. All
members present. Prof. Foster wal
also present.
The Bond Resolution passed Scot
18th, 1918, was on motion rescind
ed.
Member c. B. Carlson then offered
the following Resolution, which was
seconded by Member G. A. Erickson
Resolution:
Whereas, in the year 1904 indie.
pendent School District No. AZ OF
Kandiyohi County, Minnesota, did le.
gally make, execute and deliver its
certain Bonds in the aggregate sum
of $15,000.00 for the purpose of pay
ing for Bonds already issued for the
erection of School Houses, said
District, said Bonds were issued tc
the State of Minnesota for value re-
ceived, and the same are now out
standing against said Independent
School District No. Al and are un.
paid;
Whereas, the aforesaid governing
body deems it for the welfare OF
said Independent School District No.
AZ Of Willmar, Kandiyohi County,
State of Minnesota, that under and by
virtue of Chapter 122, General Laws
1907, and Section 1855, G.. s. 1913,
it shall issue and negotiate to the
State of Minnesota, its refundine
Bonds in the aggregate amount OF
SIS 100000 dated from issue, bearing
interest at the rate of four per cen
tum per anum, to mature and to be
of the respective numbers and
amounts as hereinafter set forth:
"One Bond for the sum OF $1,000 90
Payable July LIST, 1924.
lone Bond for the sum of 100000
Payable July LIST, 1925.
lone Bond for the sum of $1OO0.00
Payable July list, 1925.
lone Bond for the sum of 100000
Payable July list, 1927.
"One Bond for the sum Of 100000
Payable July LIST, 1928. -
lone Bond for the sum of 100000
Payable July 1st, 1929.
"One Bond for the sum of 100000
Payable July list, 1880.
lone Bond for the sum of 100000
Payable July list, 1881.
lone Bond for the sum Of 100000
Payable July 1st, 1892.
"One Bond for the sum of 100000
Payable July 1st, 1888.
lone Bond for the sum of 100000
Payable July 1st, 1894.
Zone Bond for the sum of 100000
Payable July list, 1885.
"One Bond for the sum of 100000
Payable July list, 1896.
lone Bond for the sum of 100000
Payable July list, 1897.
Zone Bond for the sum of 100000
Payable July 1st, 1888.
"And the proceeds arising from the
sale thereof to be used for the pur-
pose of refunding said Bonds, and no
other; that the Treasurer of said In
dependent School Dist. No. AZ, be and
he is hereby authorized and directed
to make application to the State
loan of the amount and character
and upon terms and conditions speci-
fed upon the proposition above refer
red to; that the President and Clerk,
of this governing body, be and they
are hereby authorized and directed co
sign and execute such Bonds, and the
Treasurer to countersign the same,
whereupon being issued and delivered
by virtue hereof to the State of Min
nesota, said Treasurer shall receive
the principal sum thereof and is
hereby directed to apply the same
for the purpose of refunding the
said Bonds and not otherwise; and
all other officers are hereby further
authorized to execute and deliver to
State of Minnesota the necessary pa
pers, and furnish all necessary in
formation in connection with the is.
suance of the foregoing Bonds, and
the application to said State of Min
nesota as may be requested by said
State Board of Investment"
Said Resolution received the fol-
lowing vote: ayes" 6; "Noes" none
so was thereupon declared duly adopt
ed. On motion meeting adjourned.
c. F. OLSON,
Clerk