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

Street in said city from It's lntersec-
ton with the north line of the Great
Northern Railway Company's right OF
way to north line of Third Street, al
SO Third Street in said city from its
intersection with the west line of
Oak. Street to the east line of Main
Street, and which improvement has
been designated by said city as Spec
ial Paving Improvement No. l." and
WHEREAS, A contract has been
entered into by said city for the
making Of said improvements, and
has been performed, and
WHEREAS, The expense incurred
in. the making of said improvement IS
the sum of Thirty-four Thousand
Nine Hundred Dollars ($34,9O0) of
which Twenty-Seven Thousand Dol
lars ($27,O00) has been paid, and
there is not sufficient money in the
Treasury of said city to defray the
balance of said cost and expense.
NOW, THEREFORE Be it re-
solved by the City Council of the
City of Sank Centre, Stearns County,
Minnesota, as follows, to-wit:.
1. That it is necessary and ex-
pedient for said city to issue, pur-
suant to the provisions of Chapter 60
of the laws of Minnesota for 1912
as amended, it's certificates of indebt-
edness in the aggregate sum of
Seventy Nine Hundred Dollars ($7,-
90O) for the purpose of defraying a
portion of the expense incurred in the
making of the said Improvement and
which said certificates shall be six
teen (16) in number and numbered
from One (D to Sixteen (16), both
inclusive, and each of which said GER
tificates shall be dated December
10Th, 1924 and which said certificates
shall bear interest at such rate as
the City Council of said city shall de-
termine at the time of the sale of
said certificates, said interest to be
payable on the 1st day of June, 1925
and on the 1st day of each December
and June thereafter, and both the
principal and interest of which said
certificates shall be payable at the
office of the City Treasurer of said
city of Sank Centre, and which in
terest shall be evidenced by appro-
pirate interest coupons attached to
said certificates and which coupons
shall be executed with the fac-simile
signatures of the mayor and the City
Clerk, and which certificates shall be
signed by the mayor of said city, at
tested by the city clerk and counter
signed by the treasurer and sealed
with the seal of said city.
2. That the said certificates to be
issued on account of said improve
ment shall be issued in the following
denominations, to-wit: Fifteen (15)
each for the sum of Five Hundred
Dollars (S500), one of which shall
mature and become due on December
LIST, 1925, ande one of said certifi-
Gates Of such Five Hundred Dollar
denomination shall also become due
on the first day of each December
thereafter until and including De-
cember 1st, 1889; the other certif-
cate shall be for the sum of Four
Hundred Dollars ($4O0) and shall
mature and become due on Deem
Der 1st, 1899.
3. That the said certificates and
the interest coupons attached there
to shall be in substantially the follow
| ing form with necessary variations as
to number, amount and maturity, to-
wit:
| UNITED STATES OF AMERICA
STATE OF MINNESOTA COUNTY
OF STEARNS
CITY OF SAUK CENTRE
STREET IMPROVEMENT CERTIF-
ICATE OF INDEBTEDNESS
FOR SPECIAL PAVING IMPROVE
MENT NO. 1