The Sauk Centre herald. (Sauk Centre, Stearns County, Minn.) 1886-current, 1924-09-11

UNITED STATES OF AMERICA
STATE OF MINNESOTA COUNTY
OF STEARNS
CITY OF SAUK CENTRE
STREET IMPROVEMENT CERTIF-
ICATE OF INDEBTEDNESS
FOR SPECIAL PAVING IMPROVE
sMENT NO. 1
mo. p. -.
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. .............
$500.
the sum OF
Dollars on or before the first day of
December, 10 together with in
terest on said sum from the date
hereof at the rate of six per cent
C per cent? per annum, payable on
June 1st, 1925 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
tifcate 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 princi-
pal 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
assignment 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 ad-
dress of the transferee being set
forth therein.
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 postoffice at Sank Centre,
Minnesota, a notice properly envel-
oped with first class postage pre-
paid thereon and addressed to the
registered owner hereof or the last
transferee at the postoffice address
set forth in his records as obtained
from any transfer Endorsed hereon,
and which notice shall advise said
owner or holder that upon presenta-
ton of said certificate said fund so
segregated will be paid to him, then
and in that event all future accumu-
lation of interest shall cease, and it
is further provided that proof of the
deposit of such notice shall be suffi-
GENTLY proven by the affidavit Of the
Treasurer of said city.
This certificate of Indebtedness is
issued by the said city in conformity
with and pursuant to the charter of
said city and the Constitution and
laws of the State of Minnesota spec
ifically including Chapter IS of the
Laws of Minnesota for 1919, as
amended, thereunto enabling and is
issued for the purpose of defraying
part of the expense incurred and
to be incurred in making certain
street improvements on portions of
Main and Third streets in said city as
described in a resolution passed and
adopted by said City Council on July
18th, 1924, and which improvement
has been designated Especial Paving
Improvement No. l."
It is hereby certified and recited
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 said city including this certificate
of Indebtedness does not exceed any
charter, statutory or constitutional
limitations.
In Testomony Whereof, Said City
of Sank Centre, Stearns County,
Minnesota, by its City Council, has
caused this certificate of indebted
ness to be signed by the Mayor of
said city and to be countersigned by
the City Clerk and to be sealed with
the corporate seal of said city, and
the coupons hereto annexed to be
executed with the facsimile sigma
lures of the said Mayor and Clerk
as of the LIST day of October, 1924.
Mayor of the City of Sank Centre,
Stearns County, Minnesota.
Countersigned:
City Clerk.
(FORM OF COUPON)
NO. ........ -.
IL IL 4