The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1922-07-13
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COUNCIL PROCEEDINGS:
u OBSERVATION-DISCLOSURES
MINUTES OF A REGULAR MEET
ING OF THE CITY COUNCIL OF
THE CITY OF SAUK CENTRE,
STEARNS COUNTY, MINNIE
sofa, HELD JULY 9Th, 1922.

A Regular meeting OF the City
Council of the City of Sank Centre
Stearns County Minnesota, was duly
called and held on July 9Th, 1922, at
s o'clock P. M, at the office of the
City Clerk in said City.
That all of the members OF said
Council were present excepting e.
R. Gray who had been absent from
said City and the County of SteaTns
for more than one week, those pre-
sent being as follows, to-wit: Presi-
dent, John A. Brown, H. G. Rydholm,
C. E. Bohall and A. L. Blk. The City
Clerk was also present.
C. E. Bohall offered the following
resolution and moved it's adoption.
Resolution Determining the Form OF
Bond and other Details in Connec-
ton Herewith and Providing for
notice of the Sale of 100000 Wat
er Works Bonds.
Whereas, by resolution of the City
Council of the City OF
Sank Centre, Stearns County
ty, Minnesota, duly and regu-
larly adopted at meeting held
on January 14th, 1922, pursuant to
a request by the Water, Light
and Power Commission of said
City, it was resolved to issue One
Hundred Thousand Dollars $780,
OOO.0O) of bonds of said City OF
Sank Centre, for the purpose OF
improving and extending the sys-
tenn of water works of said City
and providing a supply OF pure
water for the use of the inhabi-
tants thereof, and,
Whereas, at a special election duly
called and held in said city Of
Sank Centre on February 10th,
1922, more than majority of the
qualified electors of the said City
voting at said election, voted in
in favor of issuing said bonds. of
said City, to the amount of One
Hundred Thousand Dollars ($10O,-
OOO.OO) for the above purpose.
Now, Therefore, Be 1t Resolved
by the City Council of the City of
Sank Centre, Stearns County,
Minnesota, that the said One Hun
dred Thousand Dollars ($100,000.-
OO) of bonds be issued for the
purpose of improving and ex-
tending the system of waterworks
of said City and providing supply
of pure water for the use of the in
habitants thereof, and the moneys
received by said City for the said
bonds shall be used for the above
purpose and for no other purpose
whatsoever. That the said bonds
shall be dated July 1, 1922, and
shall be numbered consecutively
from one % to one hundred
(100), both inclusive, and shall be
in the sum of One Thousand Dol
lars Isl, 000.00) each, and shall be
payable seri,lly Twenty Thousand
Dollars (S2O,000.00 on July /,
1887; Five 7 thousand Dollars ($5,-
000.00) on July LIST in each Of the
years 1888 to 1947, both inclusive;
Six Thousand Dollars ($6,00000)
on July 1st in each of the years
1913 to 1852, both inclusive, and
each bond shall bear interest at
the rate of five per cent Is per-
cent? per annum, payable semi
annually on the first days of July
and January of each year, as ev-
idenced by coupons attached to
each bond, and both principal and
interest of said bonds shall be pay
able at the office of Northwestern
National Bank, Minneapolis, Min
nesota.
Be 1t Further Resolved that the
Bonds and coupons hereby auth
orized shall be in substantially the
following form to-wit:
Form of Bond)
United States of America