Morris tribune., 1919-08-29
fered the following resolution and moved
adnnfiOn

fered the following resolution and moved
its adoption:
WHEREAS the County of Stevens, in
the State of Minnesota, has heretofore
determined by proper proceedings to per-
manently improve certain parts of State
Road No; within said County; and
WHEREAS the route and termini of
said parts of said road so to be perman-
entity improved, together with the plans
and specifications for said Improvements
have been approved by the Commission
sofa, and the certificate of said Com
missioner provided for by Chapter 265,
Laws, Minnesota, 1919, has been signed
and issued by the Commissioner, and
WHEREAS this Board, deeming it
necessary for the purpose of paying the
expense incurred or to be incurred in SO
said state road, did, at it's meeting of
July Fl, 1919, determine by unanimous
vote of the members of said Board that
the bonds of said county be issued and
sold in the sum of One Hundred Seven
ty-Five Thousand Dollars ($175, 100000,
under the provisions of said law, and
WHEREAS said bonds have been duly
advertised for sale and awarded to Wells
Dickey Company of Minneapolis, Mimi,
on it's bid therefor which is not less
than a1dI par and and accrued interest;
SOLVED as follows: That the bonds of
this county in the aggregate amount of
One Hundred Seventy-fve Thousand
Dollars ($175.OOO) be issued and sold
for the purpose of paying the expense
incurred or to be incurred in perman-
emily improving certain state road
issue to consist of 175 bonds numbered
from One CD to One Hundred Seventy
five G75) inclusive, which shall be of
the denomination of one thousand dol
lars ($1,000) each, shall bear date the
first day of August, 1919, and shall ma
ture as to principal the first day of
August, 1929; that all of said bonds
shall bear interest at the rate of five per
cent per annum, payable semi-annually
on the first days of February and
August in each year, said interest being
evidenced by proper interest coupons at
tached to each of said bonds, the first
coupon being payable on FEBRUARY list,
terst shall be payable at the Wells
Dickey Trust Company, in the City of
Minneapolis Minnesota.
RESOLVED FURTHER that said
bonds shall be in substantially the fol-
lowing form with the necessary changes
as to numbers, which said form is here
by approved and adopted:
$1,OOOOO
STATE OF MINNESOTA, COUNTY
OF STEVENS ROAD BOND
KNOW ALL MEN BY THESE PRE-
SCENTS That the County of Stevens, in
the State of Minnesota, acknowledges
itself indebted and for value received,
promises to pay the bearer
ONE THOUSAND DOLLARS l$1,00O).
lawful money of the United States Of
1929, together with interest thereon
from the date hereof until paid at the
rate of five per cent per annum, pay
able semiannually on the first days of
February and August in each year, upon
presentation and surrender of the an
neXed interest coupons as they sever
ally become due, both principal and in
terest being payable at the Wells-Dickey
Trust Company of Minneapolis, Mime
sofa.
This bond is issued by said County
of Stevens to raise money for the pur-
pose of paying the expense incurred or
ing certain State Road within said
County, and is issued by authority of
and in strict accordance with the prOVi-
SiOns of the statutes of the State of
Minnesota, thereuntO enabling, and more
particularly Chapter 265 Laws, Mime
sofa, 1919.
1t is hereby CERTIFIED and RECIT-
ED that all acts, conditions and things
required by the constitution and laws of
the State of Minnesota, to be done pre-
cedent to and in the issuance of this
bond, have been properly done, hap
pe9ed and been performed in reg a j:
and due form and time as required by
law, and that the total Indebtedness of
said county, including this bond, does
not exceed any constitutional. or sta
! tutory limit.
The full faith, credit and resources of
said County OF, Stevens, Minnesota, are
hereby irrevOcably pledged for the pune
tual payment of the principal and in
terest of this bond at maturity.
IN WITNESS WHEREOF the County
Board of said County has caused this
bond to be signed by it's chairman, and
countersigned by the County Auditor
and sealed with his official seal, this