The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1919-11-07

neapolis, Minnesota.
BE 1T FURTHER RESOLVED
that the bonds and coupons shall be
substantially in the following form:
UNITED STATES OF AMERICA
STATE OF MINNESOTA
INDEPENDENT SCHOOL DIST
RIOT NO. IL.
OF ST. LOUIS COUNTY
/ SCHOOL BOND
I----No. Denomination s.
| Know all men by these presents,
that Independent School District No.
IL, of st. Louis County, Minnesota,
acknowledges itself to owe and for
value received promises to pay to
bearer $1,000 lawful money of the
United States of America on the Sec
ond day of September, 10 with in
terest thereon from the date hereof
at the rate of five per cent per an
mum, payable semi-annually on pre-
sentation and surrender of the an
nexed coupons as they severally be-
come due. Both principal and in
terest of this bond are hereby made
payable at the Minneapolis Trust
Company in the City of Minneapolis,
State of Minnesota.
| This bond is one of series num-
bered one to one hundred and twen-
ty five, both inclusive, of like tenor,
issued for the purpose of erecting
and equipping a public school build
II ing under the authority of Chapter
10 of the Revised Laws of Minnesota
1905 and all amendatory and sup
Elemental acts thereto, and it is fur
ther authorized by an elections duly
called and held as by law required.
1t is hereby certified and recited
that all acts, conditions and things
required to be done precedent to and
in the issuing. of this bond have been
done, happened and been performed
in regular and due form as required
by law and that the total Indebtedness
of said School District, including this
bond, does not exceed the constitu-
tional or statutory limitation.
The full faith, credit and resources
of Independent School District No.
IL, st. Louis County, Minnesota are
hereby irrevocably pledged for the
punctual payment of the principal
and interest of this bond as they
respectively become due and payable.
| In testimony whereof, the School
Board of Independent School Dist
riot No. IL, st. Louis County, Min
nesota, has caused this bond to be
signed by the Chairman and Treas
urer and attested by the Clerk, this
End day of September, 1919.
A. J. FENSKE,
Chairman.
Attest:
GEO. T. AYRES, HENRY CHINN,
Clerk. Treasurer.
COUPON
On the day of-19-, In
dependent School District No. IL, of
St. Louis County, Minnesota, hereby
promises to pay to the bearer
at Minneapolis Trust Company
of Minneapolis, Minnesota, for in
terest' due on that day on it's school
building bond No.
A. j. FENSKE,
Chairman.
Attest:
GEO. T. AYRES, HENRY CHINN,
Clerk. Treasurer.
BE 1T FURTHER RESOLVED
that the coupons evidencing the in
terest payable on said bonds shall be
executed by the fac-simile signature
OF said Chairman, Treasurer and
Clerk.
| BE 1T FURTHER RESOLVED
that the officers of this Board be and
they are hereby authorized to sign
said bonds and that the Treasurer
be and he hereby is authorized to
sign, execute and deliver the neces-
sary papers and furnish all infor-
nation necessary pelating to the is
suance of said bonds.
BE 1T FURTHER RESOLVED
that when said bonds have been so
executed the same shall be delivered
to the Treasurer to be by him de-
hvered to the, purchaser thereof upon
payment of the purchase price which
is not less than par and accrued in
terest, and the purchaser shall not be
bound to see to the application of the
purchase money, and the proceeds of
said bonds shall be placed in the prop
err fund. and used only for the pur-
pose of paying the expenses of con-
structing and equipping a public
school building to be used for indus
trial instruction as by former res