Warren sheaf. [volume] (Warren, Marshall County, Minn.) 1880-current, 1920-07-28

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BOARD, MARSHALL
Adjourned meeting Of the County
Board held July 18th. 1920.
Meeting called to order by the Chair
present
Honorable Board Of County
! Marshall County. Minnesota.
Referring to the issue sof $125. 900.
6sper cent Road Bonds Of your County
1920. due July 1. 1890. without option
interest payable at the Northwestern
sofa, we make the following agree
a purchaser for the above described
bonds and on date OF sale will pay the
County par and accrued interest for
the bonds: and. for such services rem
sofa. as their fiscal agent, we are to
be paid by said County through its
proper sources. the sum Of $3.50. and
in addition thereto the sum Of $4,000
bonds and the cost Of attorneys SER
vices on the issue, all of which are to
be taken care of by us as fiscal agent.
be paid us when the bonds are issued,
agreeing to advertise these tor sale
again just as promptly as it can legal
y be done and it is understood that
the bonds are to be legally issued to
the satisfaction of our attorney. and
the County agrees to deliver to said
papers. evidencing to his satisfaction
the regularity and the legality Of the
issue.
resolutions and take such other steps
as may be deemed necessary in the ap-
prevail Of the bonds.
Respectfully submitted,
THE MINNESOTA LOAN AND
~ BY Paul w. London.
Commissioner A. N. Lodoen~ offered
the following resolution, and moved its
~'op''o" RESOLUTION.
Providing for the Issuance Of One Hun
dred Twenty-Five Thousand Dollars
(S125,OOo.O0) County Road Bonds Of
Under Chapter 2e5 Of the Laws Of
1919, for the Purpose Of Paying the
Expense Incurred and to be Incurred
in Permanently Improving Portion
Providing for the Sale. and Prescrib-
ing the Form Thereof.
Resolved by the County Board Of
Marshall County, Minnesota:
this County Board. it is necessary and
for the best interest of this County Of
Marshall. to issue the County Road
Bonds thereof. for the purpose Of pay
Cured in permanently improving a
portion Of that certain State Road To-,
Gated within this County, known as
state RSs %e No set oft No. IN and
order No. 937 of the Commissioner OF
Highways. State Of Minnesota, which
Order and Certificate of Approval has
c ceen So Hudit e Of this county Of Mar
shall, and is made part Of this reso-
luton by reference thereto.
Section g.. That said bonds shall be
and numbered from to 1875. both in.
elusive, each of the denomination Of
One Thousand Dollars ($1.00o:00). al
thereof bearing date July 1st; ,+1 ds5Si
at the rate Of six per cent 6 per cent?
per annum. payable semi-annuany on
the LIST day of January and July OF eacn
able at the banking house OF The
Northwestern National Bank OF Mtnne-
apolis, in the City of Minneapolis, Mn
nesota.
stantially in the following form. with
the necessary variations as to the num-
bers thereof: r.. ~
(Form Of Bond)
UNITED STATES OF AMERICA
STATE OF MINNESOTA
COUNTY OF MARSHALL
N' COUNTY ROAD BOND.
KNOW ALL MEN BY. THESE PRES
ENTS. That the County of Marshall, in
the State Of Minnesota. acknowledges
itself indebted, and for value received
promises to pay to bearer
ONE THOUSAND DOLLARS
lawful money of the United States Of
America, on the 1st day of July. 1880:
with interest thereon from date until
cent? per annun, payable semi-annual-
ly on the 1st day Of January and July
of each year, interest to maturity be-
ing represented by appropriate coupons
nual installment of interest, both prin-
cipal and interest payable at the bank
ing house Of The Northwestern Nation:
al Bank of Minneapolis, in the City of
Minneapolis. Minnesota. q =:
THIS BOND is issued by said County
of Marshall for the purpose Of paying
the expense incurred and to be incurred
in permanently improving State Road
said County, ~ and is issued by
the provisions Of Chapter 265 OF the
General Laws of 1919. entitled:
IAN act authorizing the issue
and sale Of county bonds for the
purpose Of permanently improving
certain state roads,"
approved April Is, 1919, and Of resolu-
tions Of the County Board of this Coun-
unanimous vote 81 said County SEf Board. q
1T IS FURTHER CERTIFIED AND
RECITED, That all acts; conditions and
things required by the Constitution and
done precedent to and in the issuance