The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1922-02-16

designated q the newspaper 81 which said mo-
tice shall be- published. Id fsEES 5$z sS
Resolved that the county auditor IS authorized
and directed without delay 70 cause to be pub
lished in said Newspaper once in each week for
stantially the following form:
44E&s Notice Of Sale Of
Trunk Highway Reimbursement Bonds
of Mile Lacs County, Minnesota.
Notice is hereby given that. on the 18th day Of
March. 1922. at 2 o'clock D. M. at the county
auditors off ice in the village Of Milaca, Mile
Laos county, Minnesota. the county board Of
$2,474.13 bonds. in the denomination Of ST.
100000 each, except: one bond in smaller
amount Of said county, to be dated January
End, 1922, to bear interest at the rate Of
per cent per annum, payable semi-annually.
to mature as to principal as follows: Bonds
numbered Sc to So inclusive, on January LIST,
522, laws Minnesota. 1921. on account Of ex-
penditures made in permanently improving
roads described in Article 16 of the Constitu-
ton of the State of Minnesota.
check in the amount of s per cent of the
amount of the issue, payable Internationally
to the treasurer of said county. to be forfeited
to the county in the event that the successful
bidder fails to take any pay for the bonds in
accordance with the terms of his bid.
The board reserves the right to reject any
| and all bids. All bids should be addressed to
the undersigned. ~ -
Walter Peltier,
County Auditor, Mile Laos County.
Dated this 9TH day of February, 1922, Milaca'
Resolved, that the county treasurer. on re-
ceiving the purchase price of said bonds. is
authorized to deliver said bonds to the order
of the purchaser to whom the same may be
hereafter awarded, payment into the treas
ury Of said county the amount Of the pur-
chasers bid therefor, and that the proceeds
derived from the issuance and sale of said
bonds shall be placed in the fund of said coun-
ty out of which the original expenditures were
made but shall first be applied to the payment
Of any outstanding unpaid warrants issued or
to be issued on account of such expenditures.
| Be it further,
Resolved, that the full faith, credit. and re-
sources of said county of Mile Laos. Mime
| sofa. and Of this county board as such, be and
the same are hereby irrevocably pledged for the
punctual payment of the principal and interest
| of said bonds at maturity.
motion to adopt said resolution, and the roll
call being. called, the same was adopted by
the following vote:
Ayes: Fred J. Newton, John Levau Carl
Eckdall, John G. Axel Peter Sehlin.
Commissioner Carl Eckdall offered the fol-
| Whereas Mile Laos county, Minnesota, has
an outstanding floating Indebtedness aggregat-
ing in excess of the sum of one hundred twen-
ty FIVE thousand dollars. which is now due and
resented by the warrants of said county hereto
fore duly and legally issued in payment Of
valid claims against said county.
Now, therefore,
Be it resolved that it is necessary and expedi-
emit at the present time for the purpose of
funding said floating Indebtedness and taking
coupon bonds of Mile Laos county in the sum
lars ($l25, oo0). H." =.
Resolved that said bonds shall be dated the
! first 6av Of March, 1902 shall ho nlYnohara1
from one (1) to one hundred twenty-five (125)
inclusive be in the denomination of $1,000 each,
shall bear interest at rate of interest not to
exceed five and one half per cent per annun,
payable semi-annually on the first days of Sep
TENDER and March in each year and shall ma
ture as to principal as follows:
| Bonds numbered l to 10 incl, on March l,
1925.
Bonds numbered II to 20 incl, on March
/, 1926.
+ Bonds numbered 81 to 80 incl, on March l,
1927.
Bonds numbered 81 to 40 incl, on March l,
1928.
BE Bonds numbered Al to so incl. on March l.
Bonds numbered 81 to so, incl, on March 1,
Bonds numbered 81 to 60 incl, on March 1,
Bonds numbered 70 to IS incl, on March l.
1882.
Bonds numbered 70 to 81 incl, on March l.
1888.
Bonds numbered SO to SO incl, on March l.
1884.
1885. " ~ N''~''' - '' =
Bonds numbered LOG to us incl, on March l,
1886, and
Bonds numbered 116 to 1875 incl, on March l..
1887.
Resolved further that this board will meet
on the 7th day Of March, 1922. then and there
to receive and consider proposals for said
bonds.
Resolved further that the county auditor be,
and he hereby is. authorized and directed to
give due notice of the sale of said bonds by
publishing notice of same in The Princeton
county. Minnesota, the official newspaper of
said county.
Resolved further that said notice shall be in
substantially the following form:
;. Notice of Sale
Notice is hereby given that on the 7th day
of March, 1922, at IL o'clock a: m.- at the
county auditors office in the village of Mil
AGA, Mile Laos county, Minnesota, the county
the sale of $125, 1000 funding bonds of said
county. Said bonds are to be dated March 1
1922, to bear interest at rate not to exceed
5h per cent per annum: payable seminar
nually, denomination $1,000 each and are to
mature as to principal follows:
: Ten bonds in the orders of their numbers on
March LIST in each of the years from 1925 tc
1880 incl, nine bonds on March LIST in each
of the years from 1881 to 1895 incl, and ten
bonds March LIST in each Of the years 1896
to 1887.
Said bonds are to be issued under the pro.
> visions of the Revised Laws. Minnesota, 1905
and the acts amendatory thereof and supple
| mental thereto.
The successful bidder must agree to furnish
the blank bonds and pay his own legal ex
t penses.
All bids must be accompanied by certified
check for two per cent of the amount of The
issue.
: The board reserves the right to reject any
: and all bids All bids should be addressed tc
l the undersigned.
| Bv order of the county hoard
Walter Peltier.
County Auditor. Mile Laos
| County. MINI.
Dated February 7th. 1922.
Commissioner Fred Newton seconded the mo-
ton to adopt said resolution and the roll be
ing called the following vote was taken anc
recorded:
Ayes: Commissioners Fred Newton. Johr
Levau. Carl Eckdall. John G. Axell and Pete,
Sehlin.
Nays: None.
Whereupon said resolution was duly adopted
: and so declared.
Milaca. Minnesota. February 7th, 1922
+ PROCEEDINGS.
Minutes of the Board of County Commissioners
E Mile Laos County, Minnesota.
= regular meeting of the board of count,
commissioners Of Mile Laos county Minneso
ia: was held pursuant to legal notice, on thu
2 9TH day of February. 1922. at IL o'clock a. m.
: at the county auditors office. Mlaca. Mime
sofa. with members present as follows:
\ Members present: Fred J. Newton, Car
Eckdall, John G. Axell. Peter Sehiin.
f Members absent: John Levau.
Fred j.. Newton offered the following reso
luton and moved its adoption:
! Resolution for the issuance of $500 public
drainage bonds of Mile Laos county. Mime
I. Whereas, proceedings have been dull,
. taken and had, pursuant to the laws of tn,