The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1920-07-22


thereto.
Section 3 That said bonds shall be one
hundred twenty-five in number, and num-
bered from l to 1875 both inclusive, each in
Isl, 000.00) all thereof bearing date of August
3rd. 1920, maturing in ten Q0) years from
date, with interest at the rate Of six (6) per
cent per annum, payable semi-annually the
LIST day of February and August of each year.
both principal and interest payable at the
banking house of The Merchants National
Bank of St. Paul, in the city Of St. Paul,
Section 3. That said bonds shall be sub
stantially of the following form, with the
necessary variations to the numbers there
of:
form of Bond.)
State of Minnesota,
County of Mile Laos.
County Road Bond.
Know all men by these presents, that the
county of Mile Laos in the state of Minnesota,
acknowledges itself indebted, and for value
received promises to pay bearer
One Thousand Dollars
Lawful money of the United States of Ameri-
ca, on the first day of August, 1880. with in
terest thereon from date until paid at the
rate of six co. per cent per annum, payable
on the first day of February and
August of each year, interest to maturity be-
ing represented by appropriate coupons here
to attached, each of the semi-annual INSTALL
menus OIL interest, DOCn prlnclpal ana interest
payable at the banking house of The Mer-
chants National Bank of St. Paul. in the city
of St. Paul Minnesota.
This bond is issued by said county Of Mile
incurred and to be incurred in permanently
improving state road within said county and
is issued by virtue of and in full conformity
with the provisions of chapter 265 of the
general laws OF 1919, entitled can act authorz-
ing the issue and sale of county bonds for the
purpose of permanently improving certain
state roads, approved April Is, 1919. and of
resolutions of the county board of this coun-
(4-5) vote of the said county board.
1t is further certified and recited. that all
acts conditions and things required by the con-
stitution and laws of the state of Minnesota,
to be done precedent to and in the issuance
of this bond have been properly done. have
happened and been performed, in regular and
due form and time. as required by law, and
that the total Indebtedness of said county, in
Guiding this bond does not exceed any statu-
tory limitation.
The faith, credit and resources of the coun-
ty of Mile Laos are hereby pledged for the
punctual payment of the principal and interest
of this bond they severaly mature.
In witness whereof, the county board of said
Mile Laos county has caused this bond to be
by the county auditor and
sealed with his SEAL and his coupons hereto
attached to be authenticated by the facsimile
signatures of said officers as of the 3rd day
of August, 1920.
F. C. CATER,
Chairman of County Board.
Countersigned: WALTER PELTIER,
(Seal.) County Auditor.
Section 4. That each of said bonds shall
have attached to it appropriate coupons, rep
resenting the semi-annual installments of in
terest to the maturity Of said bonds, each
coupon being numbered serialy and bearing
the number of the bond to which it is attached.
authenticated by the facsimile of the officers
executing thte bonds, and shall be substan-
TALLY in the following form:
(Form of Coupon.
The county of Mile Laos, Minnesota, will
Thirty Dollars
on the 1st day of February and August. 10,
at the banking house of the Merchants Ma
tional Bank of St. Paul. Minnesota, being the
interest then due on its road bond. dated
F. c. CATER,
WALTER PELTITR,
County Auditor.
Section 5. That said bonds shall be sold
conformably with the provisions of section
1856 of the general statutes of Minnesota,
1913, at meeting of said county board, to be
held at the Office of the county auditor, in
Minnesota, on the 3rd day of August. 1920.
at o'clock p. M, then to be held for the
purpose of opening and considering bids for
the sale of said bonds, and that due notice of
the time, place and purpose of such meeting of
this board be given by publication in the
Princeton Union, newspaper published in
said village of Princeton required by law.
Section 6. That notice of said meeting Of
this county board shall be substantially as
follows:
Notice of Sale of County
Road Bonds.
Notice is hereby given, that the county
board of Mile Laos county, Minnesota, will
meet at the county auditors office, in the
court house, in Princeton. in said county, on
fha 9,.1 dow of r1rr . <>soIo
M. for the purpose of opening and consider
ing bids for the sale of one hundred twenty
five thousand dollars (s125.ooo.oo) of county
road bonds, bearing date August Bird, 1920,
and due in ten (1o) years from date with
interest at the rate of six per cent (6 per
cent? per annum, payable semi-annually, said
bonds to be one hundred twenty-five (125) in
number, of the denomination of one thousand
dollars ($1,0OO) each, principal and interest
payable at the banking house of the Mer-
chants National Bank of st. Paul. in the city
,of St: Paul, Mimi. all issued in accordance
with the provisions Of chapter 265 of the laws
of 1919, and resolutions of the county board,
duly passed and recorded.
No bids will be considered for less than par
companied by certified check for twelve
thousand five hundred dollars (s12 ,50O.OO) pay
able to the order of the county treasurer, to
be forfeited in case the bonds not taken
up and paid for by the accepted bidder with
in ten (1O) days from date of sale.
The board reserves the right to reject any
and all bids.
Dated this 18th day of July, 1920.
WALTER PELTIER,
(Seal) County Auditor.
Section Z. The chairman Of this county
board is authorized and empowered to sign
said bonds, and the county auditor to coun-
tersign the same and attach thereto his seal,
the coupons attached to said bonds to be
authenticated by the facsimile signature tof
said officers, which is hereby adopted as the
due execution thereof, and when said bonds
have been SO duly executed, the county treasurer
is hereby authorized to deliver the same to
the purchaser purchasers thereof, upon
their paying into the treasury the amount of
their bid therefor, which shall not be less
than par and accrued interest.
Commissioner John Levau seconded the
motion to adopt said resolution, whereupon the
vote taken and recorded:
Those voting in favor thereof: Commits
sioners Peter Sehlin. John Levau, John G.
Axell, and F. C. Cater.
Those against: Commissioner Carl Eckdall
Whereupon said resolution was declared
adopted by four-fifth (4-5) vote of said
county board.
The following claims. against the county
were allowed in amounts as follows:
The Big Store, goods for county
home ..... .......... s12o.2s
Galley Lumber Co., lumber for coun-
ty home .................................. 1925
Geo. P. Creglow, mdse. for county
home ................. ................. 600
Frank Gramer, 80 bushels corn for
county home ........................ 64,35