The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1921-08-04
RESOLUTION NO. 2.9


WHEREAS, AT a special election held
in and for the City OF Bookings, South
Dakota, on April IS, 1921. the question of
issuing bonds of said City TO the amount
of $50, O0o.0 90, for the purpose OF construct
ing and erecting a part OF a system FOR
the purpose OF providing light. heat and
power for municipal, industrial and domes-
tic purposes. was duly submitted to the
electors of said city; and,
WHEREAS, The proposition OF issuing
said bonds was duly approved and author
ICED by the electors Of said City by more
than a majority OF those voting thereon;
THEREFORE,, BE IT RESOLVED. That
the Board Of commissioners of the city
of Brookings, South Dakota, deem 1t ad-
visable and necessary TO issue the negotia-
BILE coupon bonds of said City To the
amount OF $50. 000. 90 for said purpose, said
bonds to be in denominations OF Sl,00O.O 90
each. sixty in number, numbered from one
to Sixty, inclusive. 10 be dated as of July
l., 1921, to bear interest at the rate of
six per cent per annum, with interest pay
able semi-annually on the first days of
January and July OF each year, and TO ma
ture on the first day OF July. 1881. said
bonds and the interest thereon to be pay
able at the Northwestern National Bank
of Minneapolis, Minnesota; and.
BE 1T FURTHER RESOLVED. That the
said bonds to be SO issued shall be in sub
stantially the following form:
Electric Light and Power Bond
city OF Bookings
BrOoklnES county, south DAKOTA
KNOW / L BY THESE PRESENTS.
That the City OF Bookings, Brookings
County, South Dakota. itself
indebted, and for value received hereby
promises to pay to the bearer 100000 on
the first day Of July. 1881. with interest
thereon at the rate Of six per cent, interest
payable semi-annually on the first days OF
January and July of each year, upon pre-
sentation and surrender of the interest
coupons hereto attached as they severally
become due, both principal and interest
payable in lawful money of the United
States at the Northwestern National Bank
of Minneapolis, Minnesota, and for the
prompt payment Of the principal and in
terest on this bond as they respectively be-
come due the full faith, credit and re-
sources of said City are hereby irrevocably
pledged.
This bond is one of a series of sixty
bonds of like date and amount. all issued
for the purpose of constructing and erecting
a part of a system for the purpose of pro-
viding light, heat and power for municipal,
Industrial and domestic purposes in said
City, pursuant to a vote OF more than a
majority of the qualified voters of said
City at an election duly and regularly called
and held for that purpose, on the 26th day
of April. 1921, and pursuant to a Resolution
of the Board of commissioners OF said City,
and pursuant to and in full conformity with
the Constitution and Laws of the State of
South Dakota now in force.
IT Is HEREBY CERTIFIED AND RE-
CITED that all acts. conditions and things
required by the Constitution and Laws Of
the State Of South Dakota to exist. happen
and be performed precedent TO and in the
issuance OF this bond. have been done, hap
pened and performed in regular and due
form, and in the manner as required by
law. and that provision has been made for
the collections Of an annual tax to pay both
principal and interest of this bond when
due.
IN WITNESS WHEREOF the said City
of Bookings. Brookings County, South Da-
kota has CalspI this bond 10 be signed
by the Mayor of said city, and attested
by its City Auditor, and the Corporate Seal
of said City 10 be affixed hereto and the
interest coupons hereto attached. to be exc
cuted with the engraved fac-simile sigma
lures Of such officers. and TO be dated as
of the first day of July, 1921.
Attest: Mayor.
City Auditor.
Form of Coupon)
Tha City Of Brookings. Brookings County,
South Dakota, promises to pay to the
bearer. Thirty Dollars. at the Northwestern
National Bank of Minneapolis, Minnesota,
being the semi-annual interest then due
on it's Electric Light and Power Bond. dated
as of the first day of July. 1921.
Attest: Mayor.
City Auditor.
tForm of Registration
Registered in the office Of the city Treas
urer of the City OF Brookings, South Da-
kota, this. .......day
1921, as required by Section GALS OF the
Revised Code OF 1919.
City Treasurer.
BE 1T FURTHER RESOLVED, That said
bonds shall be signed by the Mayor and at
tested by the City Auditor of this City.
sealed with the official seal thereof, and
registered by the City Treasurer, as re-
CURED by law, and that they shall be de-
livcred to the purchaser thereof upon pay
ment or the purchase price. and that the
full faith, credit and resources Of the said
city Of Brookings in said Brookings County.
South Dakota, are hereby irrevocably
pledged for the punctual payment Of prin-
cipal and interest Of said bonds when and
as the same mature,
BE 1T FURTHER RESOLVED. That this
Resolution Is necessary for the immediate
support OF the municipal government of this
city and its existing public institutions.
and an emergency is hereby declared to
exist and this Resolution shall go into eff
feet Immediately after its publication.
Passed and approved, August /. 1921.
T. I. Flittie.
Attest: Mayor
g. II. Stoddart. City Auditor.