The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1922-07-13

Dy installing new anu efficient
street lighting system to light the
public streets and places thereof, and
Whereas, at special election duly
called and held in said City of Sank.
Centre on February 10, 1929 more
than a majority of the qualified cleo
tors of said City voting at said cleo
ton voted, in favor of issuing said
bonds of said City to the, amount of
Ten thousand dollars ($1O,000) for
the above purpose.
Now, Therefore, the said Ten
Thousand Dollars (S10,O00) of bonds
shall be issued for the purpose of i'm
proving the electric light and power
plant and the electric light and pow
er system of the City of Sank Centre
by erecting and installing in said
City new and efficient street light
ing system to light the public streets
and places thereof and the monies
received by said City for said bonds
shall be used for the above purpose
and for no other purpose whatso-
ever. That said bonds shall be dated
July LIST, 1922 and shall be numbered
consecutively from to 10, both in
elusive, and shall be in the sum of
One Thousand Dollars ($1,000) each,
and shall all be payable on July
LIST, 1892, and each bond shall bear
interest at the rate per cent per an
mum, which shall be determined at
the thine of the sale of said bonds,
and which interest shall be evidenced
by coupons attached to each bond
and both principal and interest of
said bonds shall be payable at the
office of Northwestern National
Bank, of Minneapolis, Minnesota.
Further, the bonds and coupons
hereby authorized shall be in SUBJ
stantially the following form, to-wit:
United States of America
State of Minnesota, County of Stearns
City of Sank Centre
Electric Light and Power Bond
No.- $1,000
Know All Men By These Presents,
that the City of Sank Centre, County
of Stearns, State of Minnesota, ack-
nowledges itself indebted, and, for
value received, promises to pay to
bearer the sum of
ONE THOUSAND DOLLARS
lawful money of the United States of
America, on the first day of July,
1882, together with interest thereon
from the date hereof until paid, at
the rate of --- per cent per
annum, payable annually on the first
day of July in each year, upon pre-
sentation and surrender of the an
nexed interest coupons as they sever
ally become due, both principal and
interest being payable at the offices of
Northwestern National Bank of Min
'neapolis, Minnesota.
This bond is issued by the City of
Sank Centre, Stearns County, Min
nesota for the purpose of improving
the electric light and power plant and
system of said City by erecting and
installing a new and efficient street
lighting system to light the public
streets and places thereof.
1t is hereby certified and recited
that all acts, conditions and things
required by the charter of said City
and by the laws and constitution of
the State of Minnesota to exist, hap
pen and be performed precedent to
and in the issuance of this bond, have
existed happened and been performed
in regular and due form, time and
manner, as required by law, and that
the total indebtedness of said City, in
Guiding this bond, does not exceed
ANY limitation prescribed by the
charter of said City or by the Consti-
tuition and laws of said State. For
the enforcement of the covenants,
recitals and stipulations herein con-
tanned, and for the levy of a sufficient
tax to provide for the prompt pay
ment of this bond and the interest
thereon, the full faith, credit and re-
sources of said City are hereby fully
and irrevocably pledged.
In testimony Whereof, said City of
Sank Centre, Stearns County Mime
sofa, has caused this bond to be sign
ed by the Mayor of said City and to
be attested by the City Clerk and to
be countersigned by the City Treas
urer, and to be sealed with the cor
porate seal of said City, and the
coupons hereto annexed to be ex-
ecuted with the Autographed fac
smile signatures of the said Mayor,
Clerk and Treasurer, as of the 1st
day of July, 1922.