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


with the fac-simile signatures of the
said Mayor and Clerk as of the. -.
day of 1924.
Mayor of the City of Sank Centre,
Stearns County, Minnesota.
Countersigned:
.....~. -. -.
City Clerk.
(FoRM OF CoUPoN)
On the first day of. ..........
10. ;, the City of
Sank Centre, Stearns County, Mime
sofa, promises to pay to the bearer
Dollars ($........) at the office of
the City Treasurer of said City in
Sank Centre, Minnesota, being the
interest then due Oh it's Street I'M
provement Certificate of Indebtedness
dated
=
Mayor of City of Sauke Centre,
Stearns County, Minnesota.
Countersigned: as
City Clerk.
4. Be it further resolved that the
Mayor of the City of Sank Centre,
Stearns County, Minnesota and the
City Clerk are hereby authorized and
required to execute the said certifi-
Gates of Indebtedness for and on be-
half of the said city substantially in
the form aforesaid, provided, how
ever, that the interest coupons may
be executed with the fac-simile sig
natures of said officers, and when so
executed the same shall be delivered
to the purchaser thereof upon pay
ment into the City Treasurer of the
purchase price thereof, which shall be
not less than. the par value and ac-
rrued interest of said certificates, and
the purchaser shall not be bound to
see to the application of the pur-
chase price.
5. That the proceeds of the sale of
the certificates herein authorized to
be issued shall be placed in fund
heretofore designated as sThe Fund
for Special Paving Improvement No.
1" which fund has heretofore been
created as a special assessment fund
for said Improvement. The Council
shall provide moneys for the payment
of the principal and interest of said
certificates as they severally mature
out Of the moneys in the City Treas
ury when the moneys on hand in the
appropriate special fund are insult
fcient to meet the payment of prin-
cipal or interest as the same natures,
but the fund from which such moneys
have been taken or used for the pay
ment of such principal or interest
shall be replenished with interest at
the rate of six per cent (6b) per
annum from the collection of unpaid
assessments on account of such i'm
provement. That the full faith, cred
it and resources of said City Of Sank
Centre, Stearns County, Minnesota
and of the City Council thereof as
such be and the same are hereby ir-
revocably pledged to provide the
money for the payment of the prin-
cipal and interest of said certificates
at maturity. Into said fund shall al
so be paid all moneys received from
the payment Of any liens created or
to be created under the provision of
law for the payment Of said improve
ment.
i 6. Be it further resolved that bids
for the sale of said certificates will
be received by the City Council of
said city at 1880 o'clock P. M. De-
cember 10Th, 1924, at which time
they will be opened by said City
Council at the office Of the City Clerk
| in said city, and that notice Of the
sale of said certificates shall be pub
lished for two (2) consecutive weeks,
once in each week, prior to the open
ing of bids in the Sank Centre Her
aid, the official newspaper of said
! city.
! z. That notice of the sale of said
certificates in the following form
shall be given by the City Clerk who
shall cause said notice to be published
in said newspaper, to-wit:
NOTICE OF SALE OF CERTTFI-
GATES OF INDEBTEDNESS
The City Council Of the City of
Sank Centre, Stearns County, Mime
sofa, will receive bids at Z 80 o'clock
P. NJ. on December 10Th, 1924 at the
office of the City Clerk in said City
for the sale Of certificates Of indebt-
edness of said city of Sank Centre in
the aggregate sum of Seventy Nine
Hundred Dollars ($79OO), said certif-
Gates all being dated December 10Th,
1924 and falling due and maturing
Five Hundred Dollars ($500) there
of on December list, 1925 and a like
sum on the 1st day of each December
until and including December 1st,
1889, and Four Hundred Dollars
--.