The Cook County news-herald. [volume] (Grand Marais, Cook County, Minn.) 1909-current, 1919-05-28
OFFICIAL PROCEEDINGS
Special ' Meeting q Of The County !! u Poard
Of Cook County, Minnesota
Grand Marais, Minnesota,

May IA, 1919.
"A special meeting of the County
Board Of the County of Cook. State of
Minnesota, was duly held on the 14th
day of May, 1919, at 8 O'Clock P. M. in
the! Commiss Room in the Court
House, In, the Village, of Grand Marais.
Minnesota. The meeting was called to
order by the Chairman and the roll be-
ing. called the following, Commissioners
were found to be present: Sam Bally.
Ole j. Allen, Jorgen3 Peterson, Martin
jacobson H. O. Engelsen.>
All members of the Board We're pres
ent and assented to holding the meet
ing.
After a, thorough discussion of the
needs Of the county in the matter. of
road construction. the following resolu-
tons were introduced by Commissioner
Sam Bally. who moved its adoption:
| RESOLUTION PROVIDING FOR THE
ISSUANCE OF FIFTY THOUSAND
| DOLLARS ($5o.00e) ROAD BONDS OF
| THE COUNTY OF COOK, STATE OF
| MINNESOTA:
Whereas. the Board of County Com
deem it necessary for the public bene-
! fit to- raise the sum of FIFTY THOU
SAND DOLLARS ($5o.oo0) for the pur-
and aiding in the construction and i'm
| provement-. of roads in said Cook Coun-
| ty, Minnesota.
BE TT RESOLVED by the County
Board Of Cook County and State OF
vened, as folloWs:
| That the County bonds Of this coun.
~ n t5e aggregate syn sEa o Of FIFTY
/ nd ~
Laws of the State Of Minnesota fol
the year 1912. for the purpose Of con:
the construction. and improvement OF
roads in said Cook County, Minnesota
Said issue to consist of fifty bonds
Of which shall be in the The den a%7Ts; on
Of One Thousand Dollars each. and ali
Of which b, shall bear date May l. 1918
a d;a Shall shall mature s as follows; Al OF
rate of five per cent per annum pay.
APPLE semi-annually on the first day OF
May and November in each year. which
interest shall be evidenced by interest
coupons attached to each bond. and
both PRINCIPAL and interest Of SAID
bonds ,,n shall be payable. at the American
of New York, New York.
RESOLVED FURTHER. That saif
bonds shall be in substantially the FOL
lowing form with the necessary
/ ClldHScS DIS 10 NUMBER and date al
maturity as herein provided:
| (Form Of Bond)
! UNITED STATES OF AMERICA
| STATE OF MINNESOTA
COUNTY RGn9 OF PESO G9oK
KNOW ALL MEN BY THESE PRES H:Est
ENTS that the County of Cook, in thu
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 O:
together with interest thereon from
the date hereof until paid at the rat,
OF, I'VE per cent per annum. payable
and November in each year, upon pre-
sentation and surrender of the annexed
interest coupons as they: severally be
come come, due. Both principal and interes
change National Bank. New York City
New York.
This bond is issued by said Count,
OF Cook for the purpose Of construct
construction and Improvement of road!
IN said Cook County, Minnesota, and i
fsoe eet by virtue Of and in fqll conform
Statutes Of the State Of Minnesota ap !,
plicable thereto. and of the resolution
or the County Board duly and legal,
adopted.
, IT Is H tRsF 81 c caf and RE
things required by the laws and con
stitution of the State of Minnesota t
be done precedent, to and in the is
done, have happened and been per
formed in regular and due form an,
time as required by law. and that tn
total indebtedness of said County. in
statutory or constitutional limitation
The full faith. credit and resource
OF said County of Cook are hereby ir
r reset bf + pledged for, the prompt pay
said bond at maturity. ~
IN. TESTIMONY - WHEREOF, tn
County of Cook. in the State Of Mime
f66ff s h6 by its is County Go Board has cause
Of said Board and attest ted by tn
County Auditor and sealed with hi
official seal. and has caused the an
nexed coupons TO- be signed by sal
their respective Autographed fac sirnil
signatures, and said Chairman an
SAID County Auditor do BY. the execu
t,on hereof adopt as and for their re
graphed fac smile signatures on thi
first day of May A. D. 1919.
} Chairman County; Board Of Cook cook: coun
Attest: u
|
County Auditor.
That the, coupons attached to sal
bond shall be- in substantially the fol
| lowing form, to-wit:
No........... SIS %
On the First day of May, November
3D., in the County of Cook, in tn
State Of Minnesota, will pay to bearer
| the sum Of
TWENTY FIVE DOLLARS
lawful money of the United States, q
the American Exchange National Banh
IN the City Of New York. New York
being the semi-annual installment o
interest then due on it's Road bono
dated May 1. 1919. No.. ........
Chairman County Board Of Cook Coun
ty. Minnesota.
Attest:
|
! County Auditor, :
RESOLVED FURTHER, that TIL
chairman of this Board and the Count
Auditor of this County be, and the;
hereby are authorized and empowere,
L to sign said bonds and fhof ho 70