Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1919-05-22
Special Meeting Board Of
County Commissioners

Auditors Office. Pine City. Minnesota.
May 14th, 1919.
A Special Meeting OF the County
Board OF the County OF Pine, State
OF Minnesota, was duly held on the
14th day OF May. 1919. at two O'Clock.
p. NJ. In the Commissioners Room
In the Court House, in Pine City.
Minnesota. The meeting was called
to order by the Chairman and the
roll being called the following Com
missioners were found to be present:
Robert Derr. Gust Andersen. Nels
Oakland, Jos. f. Zimmerman. N. A.
Anderson. All the members OF the
Board were present and assented to
holding the meeting.
After thorough discussion of the
needs OF the County In the matter Of
road construction, the following re-
solutions we're introduced by Com
missioner Jos. Il. Zimmerman. who
moved It's adoption:
Resolution Providing for the Issu.
ance Of One.hundred Thousand Dol.
lars Road Bonds OF the County Of
Pine. state Of Minnesota.
! WHEREAS. the Board of County
Commissioners Of Pine County. Min
nesota, deem 1t necessary for the
public benefit to raise the sum OF
One-Hundred Thousand (s10O. OOO.0O)
Dollars for the purpose Of construct
ing and improving and aiding in the
construction and improvement OF
roads In said Pine County. Minnesota.
BE TT RESOLVED by the County
Board OF Pine County and State of
Minnesota, in session regularly con-
vened. as follows:
That the County bonds of this
County. In the aggregate sum of One
Hundred Thousand 100000. 0O). be
issued and sold under and pursuant
to the provisions Of Chapter 1862 OF
the Laws OF the State of Minnesota
or the year 1919, for the purpose of
constructing and improving and aid
ing In the construction and improve
ment OF roads In said Pine County.
Minnesota. Said Issue to consist
|of One Hundred bonds, numbered
from to 100 inclusive. all OF which
shall be In the denomination of One
Thousand each. and all of which
shall bear date May 1. 1919, and
shall mature as follows: On the LIST
day OF May. i944. Said bonds shall
bear interest at the rate Of five per
cent per annum. payable semi-an-
nually on the LIST day of May and No
shall be evidenced by interest cou-
pons attached to each bond, and both
principal and interest Of said bonds
shall be payable at the office OF the
County Treasurer of Pine County.
Minnesota.
RESOLVED FURTHER, That said
bonds shall he In substantially the
following form with the necessary
changes as to number and date OF
maturity as herein provided:
(FORM OF BOND
United States OF America. State Of
Minnesota. County ef Pine. Road
Bond.
No. ...,...,. $1,000
Knew all Men by These Presents,
That the County of Pine. In the
state OF Minnesota, acknowledges it.
self indebted. and for value received
promises to pay to the bearer
One Thousand Dollars
lawful money Of the United States
q America. on the first day OF May.
H.. together with interest there
on from the date hereof until paid,
ut the rate Of Ave- per cent per an
mum. payable semi-annually on the
first day Of May and November in
each year. upon presentation and
surrender OF the annexed interest
coupons as they severally become
dne. Both principal and interest be-
ing payable at the office OF the Coun-
ty Treasurer 81 Pine County. Mime
sofa.
This bond Is issued by said County
OF Pine Tor the purpose OF construct
ing and Improving and aiding In the
construction and Improvement Of
roads in said Pine County, Minneso-
Ia. and Is issued by virtue Of and In