Willmar tribune. [volume] (Willmar, Minn.) 1895-1931, 1921-09-07

-. ~ 11sa1asllA1A s. IL
- =.
.@ WHEREAS. the total cost Of said
.i41a,,a,ovementsi Is div: sible "a. two
parts one 81 which IS properlV asses
able against benefited property. and
the o1her part 81 Droperlv . CHARGE
against the City at large. and
& WHEREAS the amount assessable:
against. sbenefit tied property and the
amount properly payable bv the City,
at Iarge' 4 The. The case of said ;mnrove..
mari ire az fnllous. rs "a
Amount assessable. against
benefited property -------.- S21 ,OOo.0
Citv's share. 900 90
and :'..-s.s.. - 80
WHEREAS there IS not sufficient
money IN the treasury Of said city
to. defray the expense incurred and to
be incurred in SO making said i'm
provement. ~ ~ .>$,.,
/ NOW. THEREFORE,: BE IT RE-
SOLVED that it is necessary for the
purpose of defraying in part the ex
pense incurred and to be incurred IN
SO making: said improvement, to raise
at this time the sum Of $45,0OO.0O,
and for that purpose the negotiable
Certificates of Indebtedness Of said
City be issued in the aggregate
amount Of $45,OOOOO. That said Ger
t;ficates shall be As in number, num-
bered from Ito As inclusive, shall bear
date the first day of August 1921, shall
he of the denomination of $1,000 each
that all of said certificates shall bear
interest at the rate of six per. cent
ner annum, pavahle semi-annuallv On
The first DAYS Of February and August
in each year.
That said certificates shall be pay
able as to principal as follows:
$5,0O0< on August /, 1922,
hA GO ur0n August l. l923,
S5VoA AZ August l, l924,
$5,NYna on August 1,l925,
$4VoDe61 August L, l926.
! S4OOV on August |, ~,
$4,0o9 .oh august l 1Szo'
S4,Oey'on' August l. d929'
$o'oeo ons'1ugust l., lSao, ana
$4'epnen august !, 1891.
and: 1pa@z hoth pr-nclpal ana lhteres'
shall De que ana pGayanle az tne Capl-
tai tr4St ~ Savings Bank IN the lily
OF 5e';f a1!' minnesota.
shall ppeF, .ede s :l9l py the Ivy ~
!
days ?not1ce TO the holoer o. the Ger
tltlcat Ito be redeemed.
NESOLVED further that sala Ger
! tiiioates bshall be in substantially the
foi:owing form, with the necessary
variations as TO NUMBERS ana matur-
tiles, which said form Is hereby APP
proved and adopted: oo.o
No.-------- S!ooo
j UNITED STATES Or AMERlCA'
/ State OF minnesota,
Kandiyohi County,
City OF Wlilmar', i.
Certif1cate OF lndeb1eoness.
| KNOW ALL MEN BY THESE;
PRESENTS That the City of Willmar
in the County of kandiyohl and STATE
of Minnesota, acknowledges. itself ii.
debted, and for value received, prom
Uses to pay TO bearer
ONE THOUSAND DOLLARS
(S1o0o) in gold coin Of the United
States Of America of the present
equivalent on the first day Of August
paid at the rate Of six per cent per
first DAYS of February and August in
eGcil year, uDOl EJicoeHCdLlol dAu ouA
render. Of the annexed interest cou-
pons as they severally become due
both principal and interest being pay
able at the Capital Trust & Savings
Bank, IN the City OF st. Paul, Mime
sofa:
[ The City OF Whitman, Minnesota, re-
serves the right to pay this certificate
on any interest payment date provld'
writing OF its intention so to do shall
have been given the holder thereof.
authority of the laws of Minnesota
tharonnto orcb ;,U ord +ba Charte,