The herald-advance. (Milbank, S.D.) 1890-1922, 1921-12-16
-H-A-
Council Proceedings

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County, South Dakota, was held pur-
suant to legal notice on the 9Th day Of
December, 1921, at 5 o'clock P. M.
at Bouck Building in Milbank, South
Dakota, with members present as fol-
lows:
Members present:
Mayor, N. F. Nelson,
Alderman Roy j. Drannon,
Alderman G. o. Goodman,
Alderman A. C. Grams.
Alderman Geo. Jurgens,
Alderman H. A. Riley,
Alderman B. Voss.
Members absent:
None.
Alderman Goodman offered the fol-
lowing resolution and moved it's adop-
ton:
/. WHEREAS, on the 9th day of
June, 1921 a special election Of the
electors of the City of Milbank, Grant
County, South Dakota, was held pur-
suant to legal notice at which. cleo
ton the proposition Of said City issu-
ing it's bonds in the sum of $5O 1000
for the purpose stated in the printed
ballot used at said special election, a
copy of which follows:
OFFICIAL BALLOT
"In favor of the proposition
of issuing bonds to the extent
of 100000 for the purpose
of constructing, owning,
equipping, operating and
maintaining an auditorium,
said bonds to hear interest at
rate not to exceed six per
cent. per annum, said bonds
to be payable in twenty years
and redeemable after ten
years."
"Against the proposition
of issuing bonds to the extent
of $5O;OOO.OO for the purpose
o of constructing, owning.
equipping, operating and
maintaining an auditorium,
said bonds to bear interest at
q rate not to exceed six per
cent. per annum, said bonds
to be payable in twenty years
and redeemable after ten
years"
To vote in favor of the proposition
place an tx" in the square preceding
I'm favor Of the proposition of issuing
bonds to the extent of $5O,O00.00 for
the purpose of constructing, owning,
equipping, operating and maintaining
al auditorium, said bonds to bear in
terest at a rate not to exceed six per
cent. per annum, said bonds to be pay
able in twenty years and redeemable
after ten years."
To vote against the proposition
place al *" in the square proceeding
against the proposition Of issuing
bonds to the extent of 100000 for
the purpose Of constructing, owning,
equipping, operating and maintaining
an auditorium, said bonds to bear in
terest at q rate not to exceed six per
cent. per annum, said bonds to be pay
able in twenty years and redeemable
after ten years."
2. WHEREAS said election was
conducted in all respects according to
law and the canvass of said election
made by the City Council acting as a
Board of Canvassers, showed the re-
suit Of the vote on the $5O,OOO.OO au-
ditorium bonds was as follows: Votes
in favor of the proposition 623; votes
against the proposition 1853.
3. NOW THEREFORE BE IT RE-
SOLVED that the City of Milbank,
Grant County, South Dakota, issue its
negotiable coupon bonds in the
amount of $5O,O0O.O0 for the purpose
OF constructing, owning, equipping,
operating and maintaining an auditor
ium in and for said city. Said $780,
10000 bonds to be issued shall be so
in number, numbered from 1 to so
both numbers inclusive, to be in the
denomination Of $1,000 each, to be-
dated IS Of December LIST, 1921, to
bear interest at a rate not to exceed
s per cent. per annum, interest pay.
able s~emi-annually on the 1st days Of
June and December Of each year, said
bonds and coupons attached thereto
shall be payable in gold coin Of the
United States Of the present standard
Of weight and fineness ct the First |
National Bank, Minneapolis. Mime
sota, said bonds 70 mature Decsnabosl
LIT, 1871 with option 70 pay ne sazne
q any IinteFost paymsnt dnEa. altof
l0oeombef ~ .1191s s1id bonde e -
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