Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1921-11-16

Of defraying in part the expense In
Cured ar,dt oh e incurred in so maxi
ing said improvement, to raise at this
time the sum Of $4,000 90, and for
hat purpose the negotiable Certii-
cafes Of indebtedness of said City be
y sued in the aggregate amount Of
100000. That said certificates
shall be twenty COY in number, num-
bered from 46 to IS inclusive, shall
bear date the first day of November,
1921, shall be of the denomination Of
81, 600 each that all Of said certif-
Gates shall bear interest at the rate
of six per cent per, annum, payable
semi-annually on the first days of
May and November in each year.
That said certificates shall be pay
able as to principal as follows: = j.
100000 on November: /, 1922.
100000 on November l., 1923.
100000 on November l, 1924,
100000 on November !, 1926,
100000 on. November l, 1926.
100000 on November i, 1877,
| 100000 on November /, 1928, :
100000 on November l, 1929,
100000 on: November l, 1880 and
100000 on November l, 1891.
and that both principal and interest
shall be due and payable at the Capt.
tai Trust and Savings Bank in the
City OF St. Paul, Minnesota. :.
That all or any such certificates
shall be redeemable by the city at
any interest paying date, mon thirty
days notice to the holder of the Ger
tifcate to be redeemed. .
RESOLVED further that said GER
tificates shall be in substantially the
following form, with the necessary
variations as to numbers and natur-
tiles, which said form is hereby ap-
mo. ---- $1,000
UNITED STATES OF AMERICA
State of Minnesota,
Kandiyohi County,
CITY OF WIILMAR
Certificate of Indebtedness
KNOW ALL MEN BY THESE
PRESENTS that the city of Willmar,
in the County of Kandiyohi and State
of Minnesota, acknowledges itself in
debted, and for value received, prom
ises to pay to bearer
ONE THOUSAND DOLLARS
($1,000) in gold coin Of the United
States of America of the present
standard of weight and fineness or
it's equivalent on the first day of
November, 10, with interest from
date until paid at the rate Of six per
ly on the first days Of May and No.
vember in each year, upon presenta-
ton and surrender of the annexed in
terest coupons as they severally be-
come due, both principal and interest
being payable at the Capital Trust &
Savings Bank, in the City of St. Paul,
Minnesota.
The City of Willmar, Minnesota,
reserves the right to pay this certifi-
cate on any interest payment date
provided thirty days previous notice
in writing of its intention so to do
shall have been given the holder there
of.
This Certificate is issued under
authority of the laws of Minnesota
thereunto enabling, and the Charter
of said City for the purpose Of de-
fraying the cost Of construction and
extension of water and sewer mains
on certain streets IN said City. ...
1t is hereby CERTIFIED and RE-
CITED that all acts, conditions, and
things required by the laws : nd con-
stitution of the State Of Nj pnesota
to be done precedent to and in the
issuance of this Certificate, have been
properly done, happened and been
performed in regular ard due form
and time as required by Law, and that
the total Indebtedness of said City,
including this certificate, does not e<-
coed any constitutional or statutory
limit. g..
IN WITNESS WHEREOF, the City
of Willn1ar, Minnesota, has caused
this Certificate to be signed, by its
Mayor and Treasurer and countersign-
by it's Clerk, and the corporate seal
Of said City to be hereto affixed this
; first day of November, 1921.