The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1924-12-11


ICATE OF INDEBTEDNESS
FOR SPECIAL PAVING IMROVE-
MENT NO. 2
Know all men by these presents that
the City of Sank Centre, in the
County of Stearns and State of Min
nesota, certifies that it is indebted and
for value received promises to pay to
the order Of
the sum of .............
Dollars
($. ....... on or before the first
day of December 10. J. together with
interest on said sum from the date
hereof at the rate of -. percent
..%) per annum, payable on
June 1st, 1926 and semi-annually
thereafter on the first day of De-
cember and June in each year, as ev-
idenced by and upon the presenta-
ton and surrender of the interest
coupons hereto attached, as they sew
orally become due, and both the said
interest on and principal of this GER
tificate of Indebtedness are hereby
made payable in lawful money of the
United States of America at the of
flee of the City Treasurer of said City
of Sank Centre at Sank Centre, Min
nesota, and to provide moneys for the
prompt payment of said principal and
interest at maturity, the full faith,
credit and resources of said city are
hereby irrevocably pledged.
This certificate is registered as to
principal only in the office of the
City Treasurer and no transfer or as
signment hereof shall be valid or of
force and effect insofar as said city is
concerned unless Endorsed on the
back hereof and countersigned by the
City Treasurer, the name and address
Of the transferee bling set forth there
in.
The condition of the issuance of
this certificate is that when the
amount of the principal hereof to-
gether with interest then accrued has
been set aside by the City Treasurer
for the payment of this certificate
and the said treasurer has deposited
in the post office at Sank Centre
Minnesota, notice properly en-
veloped with first class postage
prepaid thereon and addressed
to the registered owner here.
of or the last transferee at the post
office address set forth in his re.
cords as obtained from any transfer
Endorsed hereon, and which notice
shall advise said owner or holder that
upon presentation of said certificate
said fund so segregated will be paiC
to him, then and in that event all flu.
ture accumulation of interest shall
cease, and it is further provided that
proof of the deposit Of such notice
shall be sufficiently proven by the af
fidavit Of the Treasurer of said city
This certificate of indebtedness il
issued by the said city in conformity
with and pursuant to the charter OF
said city and the Constitution ane
Laws Of the State of Minnesota spe
officially including Chapter IS Of the
Laws of Minnesota for 1919, al
amended, thereunto enabling and i.
issued for the. purpose of defraying {
part of the expense incurred and tt
be incurred in making certain stree
improvements on portion of MAR
Street in said city as described in 6
resolution passed and adopted by sale
City Council on Oceober 18th, 1924
and which improvement has been des
ignated Especial Paving Improve.
ment, No. e."
It is hereby certified and recitec
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 be done
precedent to and in the issuance Of
this certificate of indebtedness have
been properly done, and happened
and have been performed in regular
and due form and as required by law
and that the total Indebtedness Of sale
city including this certificate Of in.
debtedness does not exceed any chart
er, statutory or constitutional limita
tons.
In testimony whereof, Said City OF
Sank Centre, Stearns County, Mime
sofa, by its City Council, has caused
this certificate of indebtedness to be
signed by the Mayor of said city ane