Willmar tribune., 1921-06-01
Il: 5s.:'..s Chairman, County Board.
49,, County Treasurer.
COuntersigned. 49, ga s - sEy Sssss5s3s9

County Treasurer.
countersigned: .Z5I 81
County Auditor. S..s.5 l-gs.zs, s5>>>s ) & I,
That the coupons attached to said
bonds shall be. in substantially the
.fen fellexing ewing form: q n::.' ... M. !.
On the first day of .-.-..-. -------.-.-, 80,
Kandiyohi County, Minnesota, will
|phy to bearer Thirty Dollars $30) in
EGold Coin, at the First National
Bank in the City Of st. Paul, Minne-
|sotH, being the semi-annual Install
ment of Interest due ON its ROAD
BOND dated June ], 1921 Mo-. - ! :.
= - s: := r s>= - r. 70. County Auditor.
Be it further, 80 s& .s..
f. RESOLVED that the County Treas
1urer, on receiving the purchase price
of said bonds is authorized Ito de-
llivere SAID bonds to the purchaser to
whom the same may be@hereinafter
aWarded,*or to his order, on his pay
| ing into the treasury of said county,
the amouat of his bid therefor, and
that the proceeds derived from the
issuance and sale of said bonds shall
! be placed in the fund Of, said county
Iout F which the original expcndi-
lures were made, but shall be first
applied to the payment of any OUT
! standing warrant issued on account
fauch expenditures. ~, ,,... (;
! Be it further ,r.s @z
RESOLVED that the full faith,
credit and resources of said Kandi-
yohi County, Minnesota, and of this
County Board as such, be and the
same are hereby irrevocably pledged
for. the punctual payment: Of s the
principal and interest Of said bonds
at maturity. = :: ~ G
r ComnG Gssioner C. J. Swenson sec
onded the motion to adopt said reso-
luton, and the roll being called, the
san same, was adopted by the following
vote: - r - 'a-''''' ~, :
Ayes: VIM. O. johnson, C.. J.. Sven
son, %. S: Reigstad,~ W.. j: deVries and
N. b. Johnson.
Nays: None. -, ..~.. -
On motion recess was taken un-
TIL. 8 o'clock A. M. May 19, 1921. Z =.
| The Board >reconvened at 8 o'clock
A. M. May 19, 1921. ~
Commissioner lC. j. Swenson offered
the following preambles and resolu-
tion, and moved their adoption:
| WHEREAS this Board by unani-
nous vote thereof at divers and
sundry- meetings, the last of which
was held on the 3Oth of October,
1919, did determine. that the bonds
of Kandiyohi County, Minnesota, be is
sued lin the sum of Two Hundred and
Fifty Thousand Dollars ($25O,0OO),
under the provisions of Chapter 265,
Laws, Minnesota, 1919, and T.,
| WHEREAS the State Road or part
of State Road, for the purpose Of
permanently, improving which the
proceeds of said bonds were made
applicable, was as follows, to-wit:
That part of State Road Number
Six in Kandiyohi County, Minnesota,
from the Meeker County. line to the
Swift County line, and =
| WHEREAS said bonds were duly
advertisede Tor sale and awarded to
kalman, Matteson & Wood, of st.
Paul, Minnesota, on their bid there
for, which was not less than par and
accrued interest, and y
| WHEREAS said bonds were, by the
terms of said resolutions, to be issu-
ed and delivered from time to time
las the needs OF the County in such
road construction should require, and
| WHEREAS One Hundred and Fifty
Thousand Dollars .(Sl50, ,00O) of said
bonds only have been issued, the de-
livery of the last Thirty Thousand
Dollars .($30,OO0) of said One Hun
dred and Fifty Thousand 81 Dollars
! ($l5O, O,0O0) being authorized by reso-
luton of this Board adopted April
2l,{ 1920, and % -
WHEREAS because of the delay in
the delivery of said bonds the obliga-
tion of said Kalman, Matteson &
Wood to take further bonds of said
issue on their Sid therefor was ter
minated, rescinded and annulled, and
| WHEREAS it is. necessary. for the
| County now to issue the. undelivered
One J.. Hundred Thousand ! Dollars
| ($l00,0o0) of said bonds and Kalman,
Matteson. & Wood are still willing 70
take the same on the award hereto
fore made to them, but require as
q condition Of their taking the same,
in view OF, the change of money rates
in the market that the interest said
bonds shall bear shall be increased
from Five Percent (5%) to Six Per
cent ;(6%), and that they shall take
said bonds at par and accrued in
terest,; <Fa *&%E7f - E$ss
| WHEREAS in the judgment of this
| A1OOAN3 CAO RADilC 1lCC1caI Ic4u1IcS
the course hereinafter takenSand the
PUBLIC interest will be conserved
thereby, = - = e-s*. e 80 ]
NOW, THEREFORE,, Be. it Resolv-
ed that the resolution Of this Board
adopted at its meeting of October
80, 1919 be amended as to bonds
numbered. one hundred fifty :. one
(l5l to two hundred fifty (25O), In
elusive, not yet issued, by striking.
OUT therefrom the word "Five's
wherever it appears and by substi-
tuting in lieu there Of the word
""Six' and by striking out from the
coupon form therein provided for
tthe words and figures twenty FIVE
I(25) wherever they appear and by
substituting in lieu thereof the words
and figures thirty {3O)." That the
| Chairman Of this Board and the,
County Auditor, be and they hereby
tare. authorized and directed on the
County's behalf to prepare and make
ready one hundred (lOO) bonds sc
the issue provided for in said resolu-
ltion last named, said bonds to Be
numbered from one hundred fifty one
(15D to two hundred fifty (250) in
elusive, In The form in said reanl,,