The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1922-03-16

furnish and print the blank bonds and pay for
! This proposal Is made for prompt acceptance
and as an evidence Of good faith we hand you
herewith our certified check in the amount Ct
$2.5oo.oo to be held hy you pending the faith |
cepted; otherwise to be returned to us PROMPT |
ly upon demand. &s{. ~
Respectfully submitted, ]
g, Ire Minnesota Loan and Trust Company, |
./E.5s by VIM. A. Simonton.
The above proposal is hereby accepted for
and on behalf Of the County Of Mile Lacs.
State Of Minnesota, by the UNDERSIGNED guy
1922. and receipt Of certified check in the
PETER SEHLN,
$780, - Chairman of Board.
Attest: WALTER PELTIER,. !
Commissioner Fred Newton offered the fol,
lowing preamble and resolution, and moved
its adoption:
Resolution Providing for the Issuance of One
Hundred Twenty-Five Thousand Dollars
($125, ooo.oo) Funding Bonds of the
County of Mile Laos, Minnesota.
Whereas, the valid outstanding floating in
debtedness of the County of Mile Laos La. IN the
State of Minnesota, on the 1th DAY OF
February, 1922, and now is more than the sum
of One Hundred Twenty-Five Thousand Dol,
lars ($125.ooooo) in principal ana accrued St,
the duly and validity issued warrants OF said
county drawn the county road and bridge
fund of said county, and there is not sufficient
pay the same or any part thereof, except that
in excess Of One Hundred Twenty-Five Thous-
and Dollars ($125, OOO.0O), and it is deemed by
! this county board to be tor the best 1nteress
| thereof, for the purpose of paying said float,
ing Indebtedness in said sum Of One hundred
Twenty-Five Thousand Dollars ($125, .0o). :.
of T the county srnt Of Mile Laos, Minnesota:
Section l. That it is deemed expedient
and necessary and for the best interests OF this
twenty-five Thousand Dollars (s125. 100000:
for the purpose of funding Il like amount OF
: the legal outstanding floating Indebtedness OF
| this county remaining unpaid on the !th day OF
Section 2. That there be issued the nego-
table coupon bonds of this county in the ag-
Thousand Dollars .(s125, ooooo), to bear date
March l, 1922, with interest at the rate of
five and one-fourth per cent on per annum
March and September. of each year, said
bonds to be one hundred and twenty-five Q25)
in number, numbered from to 125 both in
elusive, each of the denomination OF one
their numerical order as follows: Ten (lO)
thereof aggregating ten thousand dollars Sl0-
OOO.O0), on March 1st of each of the years
1925, 1926, 1927, 1928, 1929 and 1880, nine
| (9) thereof, aggregating nine thousand dol
lars (S9, OOo.oo), on March LIST Of each of the
sears 1881, 1882, 1888, 1884 and 1895. and
dollars (s1O,o0oo0). on March LIST. of each Of
the years 1896 and 1887, both principal and in
terest of said bonds payable at the office OF
The Minnesota Loan and Trust Company. in
| Section 8. That said bonds and the coupons
thereto attached shall be substantially in the
following form, except as to the numbers and
due dates thereof, which form is hereby
adopted
(Form of Bond)
United States Of America,
! State of Minnesota,
County of Mile Laos.
Funding Bond.
Know all men by these presents, that the
County of Mile Laos, in the State of Min
nesota, acknowledges itself indebted and for
sum OF
One Thousand Dollars
gold coin of the United States, of the present
} standard of weight and fineness, on the first
!: day of March, TO-, with interest thereon
from date until paid at the rate of five and
cent on per mn phya6
September of each year, interest to maturity
, being represented by appropriate coupons
hereto attached, both principal and interest
and Trust Company, in the City of Minneap
oils. Minnesota.
This bond is issued for the purpose of TAX
ing up anu IunOlng ike amount OF Cnt
valid outstanding floating Indebtedness of tn
county of Mile Laos, in the state of Mime
sofa, due and payable at the date of the is
suance hereof, and constituting valid ex
isting Indebtedness of said county, and i
issued pursuant to resolution of the count!
board thereof duly passed, adopted and re
corded. and pursuant to and in full conformi
ty with the statutes and laws OF the state O.
Minnesota thereunto enabling.
It is hereby certified and recited that al
. acts, conditions and things required to b.
done precedent to and in the issuance of thi
:, bond, have been done, have happened and beer
y performed in regular and due form, time ant
manner required by law, and that the tota
indebtedness of said county, including thi
bond, does not, nor did the indebtedness fund
{ ed hereby, exceed any constitutional statu
tory limitations.
The faith, credit and resources of tn
+: county Of Mile Laos: Minnesota. are hereb
principal and interest of this bond as the
severally mature
In testimony weherof, the county of Mill
Laos, in the state of Minnesota, has cause
this bond to be signed BY the chairman of tn
county board thereof and by the county audi
tor, and countersigned by the county treasurer
+ and its corporate seal to be hereunto affixed
and the coupons attached hereto to be au
! thenticated by the facsimile signatures Of sal
PETER sEHL1N,
Chairman Of County Board.
oTro HENsCHEL,
County Treasurer.
| WALTER PELTIER,
! County Auditor.
Official Seal.)
!, form Of Coupon.)
t N.... $751;
Milaca, Minnesota.
On the first day Of March
. September, 19....-....
, The County of Mile Laos. Minnesota will pa
u to bearer
h Twenty-six and 25-100 Dollars
h at the office of the Minnesota Loan and Trus
= Company, Minneapolis, Minnesota, being tn
= interest then due its Funding Bond date
e PETER SEHLIN,
i Chairman County Board.
Y WALTER PELTIER,
0 County Auditor.
Countersigned:
: OTTO HENSCHEL,
County Treasurer.
- Section 4. That said bonds, when duly pre-
u pared in form aforesaid, shall be signed b
= the chairman Of the county board of sal
s county and by the county auditor, and coun
e tersigned by the county treasurer, and the col
i porate seal Of the county be affixed theretl
= and the coupons attached to each of sal
= bonds shall be signed and executed with tn
l. engraved or autographed facsimile signatul