The Princeton union. [volume] (Princeton, Minn.) 1876-1976, 1922-02-16

and by the county auditor Of said county and &
. seal 1a of DG said county 81 the county
auditor. and that couptns attached to said Z
bonds shall bear the fac-simile signature OF said
chairman and auditor. and said bonds and
coupons hereby authorized shall be in substan-
tally the following form with the necessary
variations as to number and maturity thereof,
which form is hereby adopted and approved.
'it@ United States Of America.
: -|' "a State of Minnesota. 35sBs
County of Mile Laos.
Public Drainage Bond. fSsst5 $ss
No. - - za& @7 $4,000
County of Mile Laos in the State Of Minneso-H
ia. acknowledges itself indebted and for value Il
sum Of Five Hundred ($5oo) Dollars. in gold
dard Of weight and fineness on the first day
49,, together with interest there
on until paid at the rate Of per cent per
annum, interest payable semi-annually on the
1st days Of July and January Of each year.
upon presentation and surrender of the an
nexed interest coupons as they severally be-
payable at the First National Bank. Minneap-
oils, Minnesota. @,-E- s-a--57 Ut. 5t E8sf
This bond is issued by the County Of Mile
Laos in the State of Minnesota for the pur-
pose of defraying and is for an amount neces-
sary to defray in part the cost and expenses
incurred and to be incurred in locating, con-
structing and establishing that certain public
located wholly Within said Mile Laos county,
and is issued by authority of, and in strict
accordance with the constitution and laws Of
the State of Minnesota, particularly Chapter
230 of the Laws of Minnesota, 1905, and acts
amendatory and supplemental thereto, and
pursuant to a resolution of the Board of
County Commissioners of said County, duly
passed, adopted and recorded Ft" II
1t is hereby recited that all acts. conditions
ton Of the State Of Minnesota to be per-
formed, to happen and to exist precedent to.
ND in, <ho ~ ho,%l how koovH
properly done, have happened and exist in
regular and due form, manner and time as
required by law; that the ditch on account OF
ditch legally located and established for the
promotion of the public health, convenience:
and general welfare, and that the total indebt-
edness of said Mile Lacs county, including
this bond, does not exceed any statutory or
constitutional limitation. 55952
The full faith. credit and resources of the
County Of Mile Laos are hereby irrevocably
cipal and interest of this bond as they re-
spectively become due and payable.
In testimony whereof, the County OF Mile
et Sss BY ss
bond to be- signed by the Chairman of said
Board and signed and recorded by the County
Auditor and sealed with the corporate seal Of
said county. and has caused the annexed in-
terest coupons to be executed with the fac
smile signature of said Chairman and said
County. Auditor. and caused this bond to be
dated on the LIST day of Janq paFy 1 ssS;;n
l. Chairman Board of County Commissioners.
Attest: Walter Peltier,
County Auditor. S&5:l,5&f
(Form of Coupon.)
r. On the ...... day of .......... 49,. the Coun-
ty of Mile Laos, State of Minnesota, promises
gold coin of the United States of the present
standard of weight and fneness at.........
.........., being the semi-annual installment Of
:~ka~ ~ sA. L. 4
dated January LIST, 1922. No.......:;
Chairman Board of County Commissioner
Walter Peliter, -.:fi' 3D.
County Auditor. !"
7. Be it further resolved that said bonds
and the interest coupons attached thereto shall
paid out of f M; ayaabls funds shin the
funds on hand in the General Ditch fund Of.
, the treasury of said county are insufficient to.
pay the interest and principal of said bonds as
the same respectively become due. 4s5sy
8. The County Auditor and County Treas
| urer are hereby authorized and directed to pay
the interest and principal of said bonds in such
| event and to take all necessary steps to that
end, but the funds from which the moneys may
be taken used for the payment of the
principal or interest of said bonds shall be re-
plenished with interest at the rate of....per
cent per annum from the collection of unpaid
assessments for benefits arising out of the said
! ditch as such assessments are collected and
received. t%
..
and resources of said Mile Laos County be
and the are herebg irrevocably pledged
to provide money for the payment Of the
principal and interest of said bonds when and
as the same shall fall DUE
10. Be it further resolved, that the amount
assessed against all those tracts or parcels OF
| land duly found to be benefited by each Of said
bitches shall be a lien against said lands and
the sum shall be paid follows l x. y
II. One-tenth thereof on or before Novem-
Der 18th. 1922, and one-tenth thereof on or
thereafter until the full amount thereof shall
be paid, interest upon the unpaid instalments
of assessments to be paid annually, at the
rate OF per cent per annum. .~...t. a., =.
j, IL. Be it further resolved that when said bonds
have been executed. that same shall be de-
livered to the County Treasurer, to be by him
delivered to the purchaser thereof and upon
payment of the purchase price, which is to be
not less than par, and the purchaser shall not
h, be bound to to the application Of the
| purchase money and the proceeds of said bonds
only for the purpose of paying the expenses
| of locating, constructing and establishing said
! ditch. -,as.
! 10. Be it further resolved that the sale of
said bonds heretofore made by the Drake
Ballard Company of Minneapolis, Minnesota.
at price of not less than par and accrued
interest be and the same is approved, ratified
and confirmed, said sale being deemed to be for
the best interest of said County of Mile Laos.
Motion for the adoption of the foregoing
resolution was duly seconded by Carl Eckdali
|
votes as follows:
Ayes Fred j. Newton, Carl Eckdall, John
G. Axell, Peter Sehlin.
F.! Nayes: None.
| The meeting thereupon adjourned.
| WALTER PELTIER.
County Auditor.
It was moved and seconded that the county
auditor advertise for bids for overseer of Coun-
ty Home Motion carried. s-s@
| It was moved by Eckdall and seconded by
Axell that State Road No. 8 be changed to
State Road No. L. and that State Road No. Z
be changed to State Road No. 3. Motion car
ried. I'D
! The following claims against the county
were audited and allowed in amount as fol-
lows:
Dahlgren Bros. miscellaneous sup +!
! plies furnished Frank Brit
! ton ............ 5000
! Dahlgren Bros mdse furnished Mrs.
Gertrude Britton and Mrs. IT.
Grace Britton Observation-Disclosures. = 5000
Gish Cash Co., goods furnished Mrs. -s'
! John Fischer, Jan. 1922 ........ 7.50
Gish Cash Co., goods furnished Mrs.
S. E. Anderson. Jan. 1922 80. 1000
Onamia Lumber & Nero. Co., goods ~
! furnished Mrs. VanCleve, Jan.
! 1922 .......:...::..........: 1898
Onamia Lumber & Nero. Co., goods .--
furnished Mrs. VenCleve. Dec.
| 1871 Sl.15
Galley Lumber Co.. coaY for Mrs.
| Coons, Jan. 1922 .................. 600
Galley Lumber Co., cords wood fur 81,
nished Peter Veal. Jan. 1922. 11.50
Galley Lumber Co.. coal and wood 81, @l5