The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1932-07-28
Official Proceedings of the Board
of Redwood County Commissioners

Lnty commissioners
for reduction in assessed valuation OF
personal property was accepted and
ordered sent to State Tax Commits
sion for their approval.
On motion of J. P. Kragh and duly
passed, the application of Grabow
asking for reduction in assessed val
uation of personal property was ac-
copied and ordered sent to State Tax
Commission for their approval.
The following resolution was offer
ed by George Schmiesing who moved
it's adoption:
whereas, the County Board in the
County of Redwood and State of Min
nesota in years 1916, 1917, 1918, 1919,
1920, 1921 did legally make, execute
and deliver it's certain bonds in the
aggregate sum- of One Million Five
Hundred Thousand Dollars, for the
purpose of constructing county ditch
es in said county, which said bonds
were issued and sold to various banks
and persons for value received, and
One Million One Hundred Ninety
Seven Thousand Five H inbred Dol
lars Isl, 197 100000 of same are now
outstanding against said county of
Redwood, and are unpaid.
And Whereas, The aforesaid gov
erning body, to-wit: the County Board
of Redwood County, deems that it is
for the welfare of said county Of Red
wood to issue it's bonds to the State
of Minnesota to refund One Hundred
Fifty Thousand Dollars ($150,000) of
it's obligations aforesaid, which are to
come due within the next year.
NOW, THEREFORE, Be it re-
solved by the governing body of said
Redwood County, to-wit: The County
Board, at duly called meeting there
of, legally held on the 18th day of
July, 1882, quorum being present,
that under and by virtue of sections
1859 to 1868, and sections 6698 to
67O2 of the General Statutes for the
year 1923, said County of Redwood
shall, for the purpose of refunding
said bonds issue and negotiate to the
State of Minnesota, it's refunding
bonds in the aggregate amount of
One Hundred Forty Thousand Dollars
($140,00O), dated from issue, bearing
interest at the rate of four and one
quarter per cent per annum, to ma
ture and be of the respective numbers
and amounts as hereinafter set forth:
1. One bond for the sum of $4,000
90, payable July 1, 1888.
2. One bond for the sum of 100000
90, payable July 1, 1889.
3. One bond for the sum of 100000
90, payable July 1, 1910.
4. One bond for the sum of 100000
90, payable July 1, 1941.
5. One bond for the sum of 100000
90, payable July 1, 1912.
6. One bond for the sum of 100000
90, payable July 1, 1913.
Z. Que bond for the sum of 100000
90, payable July 1, 1914.
8. One bond for the sum of 100000
90, payable July 1, 1915.
g. One bond for the sum of $4,000
90, payable July 1, 1916.
10. One bond for the sum of 100000
90, payable July 1, 1947.
IL. One bond for the sum of $4,000
90, payable July 1, 1913.
IL. One bond for the sum Of $4,000
90, payable July 1, 1949.
Is. One bond for the sum of 100000
90, payable July 1, 1850.
Ia. One bond for the sum of $4,000
90, payable July 1, 1851;
and the proceeds arising from the
sale thereof to be used for the pur-
pose of refunding said bonds, and no
other; that the treasurer of said Red
wood County, be and he is hereby
authorized and directed to make ap-
plication to the State Board of In
vestment of Minnesota for a loan of
the amount and character and upon
the terms and conditions herein speci-
fed; that all other officers are au-
thorized and directed hereby to make,
execute and deliver such papers and
to furnish such information in con-
nection with said application and the
issuance of bonds pursuant thereto as
may be required by said State Board
of Investment; that upon the approx
al of said application by said Board
the chairman of the County Board
and County Auditor, Clerk of said
Board, this governing body be and