The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1919-08-21
NO. 239

Resolution providing for form of bonds
and issuance thereof, and for the levy OF
taxes to pay the same.
WHEREAS. A special meeting of the City
Council Of the City CT Brcckings, South
Dakota. held on the 2Sth day of April. 1919,
a resolution was duly passed providing 10Y
on the 2lst day of May, 1919, to determine
the question of issuing 100000 bonds for
the purpose of constructing a system OF
storm sewers in and for said City of Brook
ings: and,
WHEREAS, At said special election, the
proposition was duly carried in favor or
issuing said bonds, there being ia votes
for the proposition and rs votes against the
proposition.
Now, THEREFORE,. BE 1T RESOLVED,
That the City of Brookings, Bookings
County, South Dakota, issue it's negotiable
bonds in the sum of s4s. 900. 90 for the above
named purpose. Said bonds to be forty
eight (4S) in number, numbered from one
"a to forty-eight 4S), both inclusive, OF
the denomination of $1,000 each. all to
bear interest at the rate OF hVe per cent
per annum, interest payable semi-annually
on the LIST day of February and August o.
each year, and all of said bonds to be
dated August 1st, 1919, and to mature
and be absolutely due and payable August
BE IT FURTHER RESOLVED, That the
form of said bond shall be substantially as
follows:
No. 81, 900. 90.
UNIFIED ~ n VI VT
State of South Dakota,
BROOKINGS COUNTY SEWER BONDS
City of Bookings.
KNOW L MEN BY THESE PRESENTS,
THAT the City of Bookings, in the County
of Brookings, State of South Dakota, ac-
knowledges itself to be indebted and for
value received hereby promises to pay to
the bearer the sum of
y THOUSAND
on the first day of August, 1889, together
with interest on said sum from the date
haVaof nnti1 maid at the rate of nNe per
cent (5CLJ per annum, interest payable
semi-annually on the first day of February
and the first day Of August of each year
on presentation and surrender of the in
terest coupons hereto attached as they
severally become due, both principal ana
interest payable AT rt the Eirs M,r q Seeua ang
for the prompt payment of principal ana
interest of this bond as they respectively
become due, the full faith, credit and re
sources Of said city are hereby irrevocably
pledged.
This bond is one Of a series of forty
eight bonds OF like date and amount. all
issued for the purpose of constructing a
system of storm sewers in and for said
city pursuant to the resolution of the City
Council of said City, duly passed ano
adopted and pursuant 10 the favorable vote
of more than a majority of the qualited
voters OF said City as required by law at
an election duly and legally held and called
for that purpose on the 2lst day of May,
1919: and pursuant to and in full con-
formity with the constitution and laws OF
the state of South Dakota.
IT is HEREBY CERTIFIED AND RE
CITED, That all acts and conditions and
things required by the constitution and
laws of the state OF South Dakota TO eN
ist. happen or be performed precedent t.
and in the issuance OF this bond. have been
done, happened and been performed IN regu-
lar and due time. form and manner as
prescribed by law; and that the total in
debtedness of said City. including this bond,
does not exceed the constitution or statu-
tory limitations. That the City Council mas
levied upon the taxable property OF me
CITY for each year during the life Of this
bond and others of this series. a tax SUM-
cient TO pay the principal and interest OF
IN WHEREOF. Said City of
Brookings, Bookings County, South Dakota,
has caused this bond to be signed by the
Mayor of said City: and attested by tnt
coupons hereto attached TO be executed with
engraved facsimile of signatures Of said Of
fcers and the official seal or SAID CITY 10
be affixed, and has caused this bond to be
dated on the first day of August, 1919.
Attested by: Mayor.
M. ... $500.
On the first day of February Tor August),
1e. -, the City of Brookings. Brookings
County, South Dakota. will pay the bearer
the sum of Twenty-Five Cs25.0 0) Dollars law
full money OF the United States OF America
at the First & Security National Bank, Min
neapolis, Minnesota. Being the semi-annual
interest then due on its sewer bond dated
August list. 1919. No. ..........
Attested by: Mayor.
City Auditor.
BE 1T FURTHER RESOLVED, That said
bonds shall be duly executed. signed and
sealed by the oficers Of said City as pre-
scribed by law.
Passed August IS, 1919.
Approved August Is, 1919.
w. II. Leighty,
Attest: mayor.
G. II. Stoddart, City Auditor.
a RsAAliAAa RAnilNAH nAH AAaE-92