The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1919-02-25
ORDINANCE no. 90, !,

:. IT," -- -. W -stEd:
II IAN Ordinance Authorizing and Pr0yid.
Thousand DOLLARS, par value, Of ths
Bonds Of tho City Of 1esaidn, 1I.n ne
Existing watsr works owned and opsr.
The city eouncii Of the city Does
ordain as follows:
49, ~.a,*e& Section T. -.... - ~
That the proper officers, namely, the
hereby authorized. empowered and di;
rected to execute, in the manner provided
by law. and to issue and deliver to the
sinking fund commission provided TOR N n
Bemidji, in the amount OF fifty thousand
dollars ($50,000.00) par value. 81
Section 2.
81 Said bonds shall be fifty In number
numbered from ono t1)E TO NIFTY .t6O)
nelusive. shall be IN the form !, herein u1, r:
approved BY the sinking fund commits
sion, with the advice OF the city attor,
ney., and shall be IN denominations OF
one thousand dollars each. shall pear
late March /, 1919, and bear interest at
The rate OF Ave and one-half per cent
<e51sl per annum. payable semi,anIiMally
IN the. First National Bank, st. Paul,
swsntysfiSe years from their date. but
the right shall be reserved to pay bonds
numbered one a. and two ca On March
|, 1884, and two bonds in the order 81
years 1885 to 1913 inclusive, BY giving
thirty days notice In writing OF the
city's intention so to do, to the bank at
which the bonds are payable.
may ba. authenticated by the facsimile
Signatures sof 1.-THE. mayor and the fac
. siTnfle stypaSnsA OF the city clerk print
,ishegraphnh sngraGy;sd g thereon .ns S,tv
II Bemidji, Minnesota, are hereby If,
( evocably pledged for the prompt and
faithful payment of the principal and
interest Of said bonds in accordance with
The said bonds shall be issued for
ind the proceeds realized ;therefrom
shall be used and employed for the pur-
q snd b saa s
~ -. ss.s Section 3. r r.
The said bonds so issued shall be
,egotiated and sold by the sinking funt
commission, and the proceeds thereof
including any premiums realized there
r. , Maar 0s ana .st tsnd an & s ey
provided, however, that said bonds shall
lot be negotiated or sold for an amount
which shall be less than the par value
hereof; together with the Ace accrued na1v IN
he highest bidder therefor. 80
> The water and light committee of the
City Of Bemidji is hereby authorised. or.
erred and required to set aside annually
ss e sy e su ass ~stsn sR
'ay the interest on said bonds and &c
;umulate.! a sufficient sinking fund 20,
he redemption thereof. e. maturity
,eaxsp f q tho II ana
+ the city for the payment. Of sale
,onds and not In lieu thereof
= Section s.
That said bonds shall be In substan-
tally the following form: ~,
United States Of America, =.
:: State Of Minnesota;
ceerl sysy s sff h Bsasi5da3ni':
" ~ WATER WORKS BOND. 49,
Know All Men by These Presents, thai
he CITY Of Bemidjt., In the County 81
'dges. itself to owe and for. value re.
sI ts, hereby e. promises to pay to bearer
One Thousand Dollars;
t$1000) on the first day, Of March, A. y.
.944, together with interest thereon from
he date hereof until paid. at the rate OF
i've and one-half OIL per cent PEI
pss ay pay of septsns sa ka 2e TN
ZACH year, as evidenced by and upon the
presentation ana surrender of the an.
nexed interest coupons as they several
saS dHe n beth RTnega an % H.
United States Of America at the Ftrsl
National Bank. St. Paul., Minnesota.
For the prompt payment Of this bond
both principal and interest, at maturity
the full faith. credit and resources Of
said city are irrevocably pledged. ,,s
This bond is some Of a series Of like
date. amounting in the aggregate tbs
sum Of fifty thousand dollars G50,00o)
extending the existing water. works
'uant to an ordinance passed by this
'ity council Of said city, and duly
dgned. attested, approved and published
n the manner required by the charter
II said city, and under authority Of
md in all respects in compliance witt
he laws Of the State Of Minnesota
Il is hereby certified and recited. thai
Ill things, acts and conditions required
" the Constitution and Laws Of : th'
tate Of Minnesota, and the charter o.
aid city, to happen and to be done anC
performed precedent to and In the issu.
nee Of this bond. have happened ani
leen done and performed in regular ant
,ue form and time as required by law
,ity, including this bond. does not ex
In A witness whereof. the city of Be Be.
midi, by Its city council, has - caused
his bond to be sealed With It's cor
,orate seal, to he signed by its mayor
and attested by It's city clerk this frs
lay Of March, A. D. 1919.
80