The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1922-07-20
OFFICIAL
Proceedings Of Board Of County Com.
missioners, Mile Laos County.
Auditors Office. Mile Laos Co., MINI.

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Auditors Office, Mile Lacs Co., MINI.
Milaca, Mimi. June 2srd, 1922.
The board of county commissioners of Mile
Laos county, Minnesota, met in special session
with all members of the board voluntarily
present, as follows: Fred J. Newton. John
Levau. Carl Eckdall. John G.. Axell and Peter
Sehlin, chairman of the board.
Meeting called to order at 2 o'clock p. m.
commissioner Fred y. Newton. one Of the
members Of said board. offered the following
resolution and moved its adoption:
Whereas. the county of Mile Laos. in the
state OF Minnesota. does not already own a
county court house. and such county court house
is necessary for the proper accommodation of
It's officers for the transaction Of the county's
business; be it
Resolved, that in the judgment of this board
this county is public necessity, and
Whereas, it appears that the necessary ex-
pense to be incurred in such building will be
as much as One Hundred and Fifty Thousand
Dollars ($150,00O), and
Whereas, said sum of One Hundred and
Fifty Thousand Dollars so, O0O), is less than
three per cent of the assessed valuation of the
real and personal property of said county. as
fixed by the last assessment for general taxa
ton,
Now, therefore. be it resolved, by the coun-
ty y, board of Mile Laos county. Minnesota, as
Section I. That the negotiable bonds of the
county of Mile Laos, Minnesota in the aggre-
gate amount of One Hundred and Fifty Thous-
and Dollars ($150.0o0), face value, be issued,
bearing date July l. 1922. for the purpose of
building county court house, said bonds to
be one hundred and fifty (150) in number, num-
bered from one O to one hundred and fifty
One Thousand Dollars $1,000, with interest
at the rate OF five per cent per annum, pay
able semi-annually on the first days of Janu-
airy and July in each year, and being payable
as to the principal follows:
Bonds numbered Sone (1) to twenty COY
July l, 1888.
Bonds numbered twenty-one (21) to forty
(40) July l, 1889.
Bonds numbered forty-one (4l) to sixty (6O)
July 1, 1910.
Bonds numbered sixty-one (6D to eighty
500 July 1, 1941, and
hundred fifty c15e) e july l. 1872 ' one
Both principal and interest being payable in
gold coin of the United States at the Mer-
chants National Bank. in the city of st. Paul,
Minnesota. That each Of said bonds shall have
attached thereto appropriate interest coupons
for the semi-annual installment of interest,
bearing the number of the bond and being
numbered numerically to the maturity of the
bond to which they are respectively attached.
Section 2. That said bonds shall be substan-
TALLY the following form, except as to number
and maturities, which said form is hereby ap-
proved and adopted:
No. ..".......... $1,000
United States of America
State of Minnesota
County of Mile Lacs
County Court House Bond.
Know all men by these presents That Mile
Laos County, Minnesota, acknowledges itself
indebted. and, for value received promises to
pay to bearer the sum of
One Thousand Dollars
($1,o00) in gold coin of the United States
OF the present standard Of weight and fineness.
on the first day Of july 49,, with interest
from date until paid at the rate of five per
cent per annum, payable semi-annually on the
flrst days of January and July, in each year,
interest to maturity being evidenced by ap-
propriate interest coupons hereto attached.
and both principal and interest being payable
at the Merchants National Bank in the city
of ST. Paul, Minnesota
This bond is issued by the county of Mile
Laos. Minnesota, for the purpose of building