Morris tribune., 1920-03-19
County, CoarnErssroNERs


which was duly called and held on the
18th day of March, 1920, in the Court
House in said County, there were pres
ent the following members:
VIM. Gausman, N. P Mecklenburg, D.
II. Lawler, S. Burt and o. N. Dohlen.
Absent: None.
order.
The county auditor was also present
and read the minutes of the previous
meeting which were approved.
Commissioner N. p. Mecklenburg then
offered the following resolution and
moved it's adoption:
Whereas the County of Stevens, in the
State of Minnesota, has heretofore de-
termined by proper proceedings to perm?
anently improve certain parts of State
Road No. l within said County; and
WHEREAS the route and termini of
said parts of said road so to be per-
manently improved, together with the
plans and specifications for said inn
prOvements have been approved by the
Commissioner of Highways of the State
of Minnesota, and the certificate of said
Commissioner 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
permanently improving said parts of
said State Road, did at this meeting of
August 9Th, 1919, determine by unanim-
Gus vote of the members of said Board
that the bonds of said County be issued
and sold in the sum of SEVENTY-FIVE
THOUSAND DOLLARS ($75,000), un-
der the provisions of said law. and
WHEREAS said bonds have been duly
advertised for sale and awarded to
WellS-Dickey Company of Minneapolis,
Minnesota. on it's bid therefor which is
not less than par and accrued interest;
NOW, THEREFORE,, BE 1T RE-
SOLVED as follows: That the bonds
of SEVENTY FIVE THOUSAND DOL
LARS ($175,O00) be issued and sold for
the purpose of paying the expense in
CURED or to be incurred in permanently
improving a certain state road within
said county described above. said issue
to consist of IS bonds. numbered from
which shall be of the denomination of
One thousand dollars ($1000) each.
shall bear date the first day of septem-
Der, 1919, and shall mature as to prin-
cipal on the first day of September.
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 March and September in
each year said interest being evidenced
hy .proper interest coupons attached to
each of said bonds. the first coupon be-
ing payable on March LIST. 1920, and
that both principal and interest 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 fol4
lowing form with the necessary changes
as to numbers, which said form is here
by approved and adopted;
UNITED STATES OF AMERICX
STATE OF MINNESOTA,
COUNTY OF STEVENS,
ROAD BOND.
KNOW ALL MEN BY THESE PRES
ENTS That the County of Stevens. in
the State of Minnesota, acknowledges it
self indebted, and for value received,
ONE THOUSAND DOLLARS ($1,OO0)
lawful money of the United States of
America. on the first day of September,
1929, together with interest thereon
from the date hereof until paid at the
rate of five per cent per annum. pay
able semi-annually on the first days of
March and September in each year, up
ON the presentation and surrender of the
annexed interest coupons as they sew
orally become due, both principal and
interest being payable at the Wells
Dickey Trust Company of Minneapolis,
Minnesota
This Bond is issued by said County of
Stevens to raise money for the purpose
of paying the expense incurred or to be
incurred in permanently improving
certain State Road within said County,
and is issued by authority of and in
strict accordance with the provisions of
the statutes of the State of Minnesota.
thereunto enabling, and more part1cuI-
arly Chapter 265, Laws, Minnesota, 1919.
It 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
precedent to and in the issuance of this
bond, have been properly done, hap
pened and been performed in regular
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 statu-
tory 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
first day Of September, A. D. 1919.
COunterSigned:
Chairman County Board Stevens
County, State of Minnesota.
County Auditor.
That the coupons shall be in substan-
TALLY the following form:
No NEUTRALITY-SUSPICIOUS. $Zo.VV
On the first day of September A. p,
d., Stevens County, Minnesota, will
pay to bearer TWENTY-FIVE DOLL
AIRS ($25.0O) at the Wells-Dickey Trust
Company, Minneapolis. Minnesota, being
the semi-annual installment of interest
on it's ROAD BOND dated September
LIST, 1919. No. -----.------------
County Auditor.
RESOLVED FURTHER that the
chairman Of this Board and the County
Auditor of this county be and they are
hereby authorized and empowered to
sign and execute the said bonds on the
county,s behalf. and the Auditor to exc
cute, the. coupons thereof by the fac
simie Of his signature, printed, 1tho-
graphed or engraved thereon.
RESOLVED FURTHER that said
bonds. when so executed. shall be de-
,7ivered to said WeIls-Dickey Company,
or it's order. on it's paying into the
Treasury of said County the amount of
it's bid therefor, and that the proceeds of
the sale Of said bonds shall be used
solely for the purpose therein provided.
RESOLVED FURTHER that the full
faith, credit and revenues Of said
County Of Stevens. Minnesota. and Of
this County Board. as such. he and the
same are hereby irrevocably pledged to
provide the money for the payment Of
the principal and interest of said bonds
when and as the same become due.