The Bemidji daily pioneer. [volume] (Bemidji, Minn.) 1904-1971, 1920-03-01

Coupon Bonds OF the CITY
B a Reltrami c0pnty MinnesGts
sum Of Thirty Thousand lSSO, O0O.00)
dollars comprised of thirty GOD bonds
Thirty (30). both numbers inclusive, Of
the denomination Of One Thousand
l$l,0O0;00) dollars each. dated May lst.
clu nG1eS ON nu May st. G Gsss. = -
Bonds numbered four. to six inclusive
elusive, on May 1st, 1895. i
Bonds numbered ten to twelve in
Bonds numbered thirteensrto fifteen.
inclusive on May 1st 1927. - -,
Ponds numbered s " ee9s to eighteen
one inclusive, on May list, 1929. ! &,
Bonds numbered twenty-five t9 twen-
sonef ON NAY :,
R9nds mymbersa MWsnttyssaagght
paid at the rate Of fve!(5) per centum
per annum. payable; semi -a1fnually .on
resp reg ectiveiy f IN each Year both principal
thereof and interest thereon payable at
such place as the City Council s,;aas may fay
The purpose Of and On aceoupt Of the
Permanent Improvement Fund in the
Treasury of the City of Bemidji, Bel
trami County, minnesota. ~
I Section e. That to provide funds for
the purpose of and on ACCOUNT or the
an % m Pna on sa o
the provisions of the city charter Of
said city. and all amendments thereto
and supplements theRreof saa or Ge
cred and directed to be issued and de,
livered to the, lawful purchasers. and
ana IL the annsn o} ea
cipal sum Of $50 100000; that said bonds
shall be known as and deslgna9ed Pere
the City Of Bemidji, Minnesota; shall
be thirty in number, numbered consecu-
lively from one TO thirty, both numbers nun rf
100000, shall bear date of May LIST,
A. p. 1920, and become due and payable
, Bonds numbered .,ohes to three in
on May 1st. 1923. =.
BS %sK n NJ 1sgs four to six inclusive
c1a sG1ss on nq Nay 1se 49, Esn = nine
Bonds numbered ten to twelve in
Bonds numbered thirtenl to fifteen in
elusive; :Ion May 1st., 1927.
Bonds numbered sixt teen to eighteen
one inclusive, on May LIST, 1929.
.. Bonds numbered twenty-one to TWEEN
ty SUt11 H innci6 sive on May 1st: 1851.
Bonds numbered twenty ,elgg to
that thai y said Bonds shall bear interest
from their date until paid at the rate
Of five 81 per Gentum per a ana gr1q 3 aays
Of May and November, respectively Of
each year, which installments Of inter,
est to date. of maturity Of principal
,p pons attached toeach Bond and both
e ZIP Of said bonds Snail be payable IL
Gil may hereafter direct.
Section 3: That each of said bonds
thereto attached, shall be in substan-
lilly the following FORMS respectively
w. ,l For of bond3
United States of, Americs.
State of Mimi esota
-, County ofEBeltrami
Permanent M l% Gity Of seid5 h0 s0na o.
That The City Of Beasidji in the County
of Beltrami, in the State of Minnesota
acknowledges itself to own ana "a n lor
to q bearer the principal sum Of One
Thousand $4,000 09 dollars if ON 1nte MaX
paid pa dat at the rate Of Ave. IS PER esntum
per annum, payable semi annually on
the first days of May and NoXsmnerG;
by and upon the presentation ana sur
render Of the interest coupons hereto
attached as they severally become que,
e epa oe Of this bond hereSy
payable in lawful money of the United
States of America st:t the g.. in t9e
AZ! AZ: and for the prompt payment, of said
interest and principal at maturity; the
full faith, credit, resources and az the
Sv paSBSF1 Sle d. sala are
W This H bond Is Issued by said city for
the purpose Of and on ACCOUNT Of the
pD ssa city, paa
a Vote Of the duly qualified electors
Of said city present and voting upon o1
thH Saea and a sRs'ha ELLA
MS ms pbS oRds at Viii ch bond Election a
a0d 1a the vetea
in accordance with an ordinance duly
adopted by the Mayer and CITY yy,r G09n Ct
and in ali respects in full and strict
compliance with the Constitution OF the
Of thd city Gha aaa al Fl
| VI "
legislative and other enactments amen
datory thereof a d supplementary
tn ereto.
And it is hereby certified. recited and
warranted that said City is now and
has been for years passed, body polite
and corporate, duly organized, exfi a,trtEE
and operating as a city OF the tourtn
|'class under and by virtue: OF the con.
stitution and laws of the State OF
Mine sota, and always has been and
is now under the control Of duly or
ganized City Council as the duly con-
stituted corporate authorities, thereof;
that all things acts and conditions re.
quired BY the CONSTITUTION and laws Of
the State Of Minnesota, and the City
Charter Of the City of Bemidji. to exist
and to happen and be done and per-
formed precedent to and in: the issu-
ance Of this bond, in order TO constitute
the same valid and binding obliga
ton Of said city; do exist, have hap
regular and due form and time: that the
total Indebtedness of said city, includ-
ing this bond! does not exceed any con
stitutional or atutory '1m1tation:
and that due provision has been made
for the levy and collection Of direct
annual ad valorem tax on all the tax
able property in said city in additlonto
ali other taxes, sufficient to pay the n
terest accruing hereon promptly Wnen