The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1922-02-16
], be issued On the account Of such expendi-

and the same are nefepy HteVocapy PAeuBe9.
for the punctual payment Of the principal ana
the interest Of said bonds at maturity. Z,
Commissioner Fred J. Newton seconded the
motion to adopt said resolution. and the roll
being called, the same was adopted by the foi-
Ayes: Fred J. Newton. John Levau. Carl
Eckdall. John G. Axell. Peter Sehlin.
Na s.. Paul. Paul.: minnesota, February 18th. 1922
Hon. Board Of County Commissioners.
Mile Laos County, Minnesota.
In connection with the $2474.1s Of Reim-
bursement bonds Of your county. to be offered
for sale as soon as possible. bonds to be in the
denomination Of $1,000. and one bond in the
denomination Of Stalls to be dated f ee1a..
years from date of Issuance. to bear interest
at the rate of five per cent per annum, we
agree that when said bonds have been legally
accrued interest from the date of the bonds to
the date of delivery to US together with
premium Of $500 for each $1,000 bond or a
total premium Of s12.s7
Merchants Trust & Savings Bank
of St. Paul.
~. By E. S. Judd.
resolution of the board this 7th day Of Feb
| ruary, 1922. PETER SEHLIN.
WALTER PELT1ER.
Auditor.
Official SeaL)
Commissioner Carl Eckdall offered the fol!
lowing resolution and moved its adoption:
Whereas. exclusive of moneys derived from,
federal aid, the county Of Mile Laos has sub
permanently improving, in accordance with
plans and specifications therefor approved by
the Commissioner of Highways, roads known
the Constitution of the State of Minnesota
! and heretofore more definitely fixed and de-
termined by the Commissioner Of Highways.
| on account of contracts entered into by said
1919, and prior to April Is, 1921. moneys
which. together with interest at the rate OF
five percent from the respective dates of such
expenditures to the date hereinafter fixed as
the date of the bonds hereinafter provided for.
amount to as much as the sum of $2,474.13 and
| Whereas, the moneys as expended were de-
or bon
or sinking funds, and none of such expendi-
lures have been or are to be paid out OF
the proceeds of bonds issued under chapter
law of this state, or of funding or refunding
bonds of the county heretofore issued OF
money to be derived from federal aid. and
Whereas. the amount of such expenditures
has been checked over and approved by the
Commissioner of Highways to the extend fol
which reimbursement is hereby desired. and
! Whereas, the commissioner of Highways has
are such as will be paid by thte State of Min
nesota at their maturity out of the Trunk
| Highway Fund and only out of that fund, in
accordance with the provisions of chapter 522
laws 1921, and
Whereas. this county desires reimbursement,
from the State of Minnesota out of the Trunk
Highway for such expenditures.
Be it resolved that the county of Mile Laos
Minnesota, issue its bonds in the sum OF
s2,474.13. That said bonds shall be in mum.
to ffty-eight 1857 inclusive, shall be Of the
denomination of 100000 each except bond
No. 49, which shall be in the denomination Of
$474.1s shall be dated January End, 1922. and
numbered Sc to So inclusive, on January LIST
1887; said bonds shall bear interest at thu
rate of per cent Is per cent? per annum
payable semi-annually January 1st. anC
July 1st, in each year, which shall be evi
denced by appropriate interest coupons each
evidencing the interest for six months
period, and shall be payable as to p sa,:I
Bank, st. Paul, Minnesota, in the city of St
Paul, Minnesota.
That said bond shall be in substantially tn
following form, with the necessary variations
as to numbers, denominations and maturities
which said form is hereby approved and adopt
ed:
! United States of America. ...... ....
I State of Minnesota.
! County of Mile Laos.
Il Trunk Highway Reimbursement Bond.
County of Mile Laos, Minnesota, acknowledge
itself indebted, and for value received promise:
to pay bearer
.................... Dollars
($.........), in Gold Coin of the United States
of the present standard of weight and fineness
on the 1st day of January, A. D. b., witt
interest," thereon from date until paid at tn
annually on the LIST day II January and July
in each year, upon presentation and surrender
of the annexed interest coupons as they several
ly become due, both principal and interest being
payable at the Merchants Trust & Saving.
Bank St. Paul. in the city of st. Paul, Mime
sota
This bond is issued by said county under au
thority of and in strict compliance with tn
laws of the state of Minnesota, thereunto enab
ling and more particularly Chapter 522, Law
1921, on account of expenditures made in per
highways described in article l6, of the Con
stitution of thte state of Minnesota, and here
tofore definitely designated. fixed and de
termined by the Commissioner of Highways.
It is hereby certified ana recited that all acts
conditions and things required by the constitu
ton and laws of the state of Minnesota, to be an
to be done precedent to and in the issuance Q
this bond including the execution of the certif
cate of the commission n of highways required
: by Chap. 522. Laws 1921, copy of which i
! endorsed hereon, have been done properly
, due form and time as required by law. an
, that the total Indebtedness of said county, in
, Guiding this bond does not exceed any con
, stitutional or statutory limit:
, county of Mile Laos, Minnesota, are hereb
, irrevocably pledged for the punctual paymen
of the principal and interest Of this bond a
maturity.
In witness whereof, the county board o
Mile Laos county, Minnesota, has caused thi
bond to be signed by its chairman, and by tn
county auditor, and sealed With his officia
! seal, this End day of January; A.: D. 1922.
Il Chairman County Board, Mile Laos
County, Minnesota.
Otto Henschel.
County Treasurer Mile Laos
County, Minnesota.
e Walter Peltier,
= (Seal) County Auditor.
The following is to be printed on the bac
; of this bond:
/, c. M Babcock, commissioner of highway
of the state of Minnesota, do hereby certify tina
the county of Mile Laos, Minnesota. is entitle
r issue its bonds in the aggregate sum Of 81.
474:1s. under section @. subsection (b) o
chapter 522, Laws 1921; that said bonds whe
. so issued are such as will be paid by the Stat
] of Minnesota at their maturity out of tn
Trunk Hiehway fnud and only out OF tina
Chapter 522, Laws 1921, that said bonds ar
to be known as Trunk Highway Reimburse
ment Bonds of Mile Laos county. to be date
January End, 1922. and to be numbered fror
Y ffty-six $3.50 to fifty-eight (5s) inclusive.
e Dated at St: Paul, Minnesota, this.day
J, ............., 1922.
VI C. M. Babcock.
eI Commissioner OF Highways,
n commissioners Seal.)
That the coupons attached to said bonds sha
e be in substantially the following form:
: .................... No........
On the 1st day of.............., A. D. 49,, tn
County of Mile Laos will pay the bearer;
chants Trust & Savings Bank, St. Paul, Mime
: sofa, being the semi-annual installnent of in
terest due its Trunk Highway Reimburse
i ment Bond dated January End. 1922. No.....".