The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1932-08-12

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Of Ely. Minnesota, was designated by
the City OF Ely as depository of
public funds and to qualify as such
depository and to guarantee the safety
Of the deposits made by the City of
Ely in the said bank, said bank did on
the 18th day Of January, 1882, assign
to the City of Ely certain securities in
the total sum of fifty thousand dol
lars t$50 100000, and
WHEREAS since the said assignment
there has been substitution made in
certain Of the bonds, leaving the fol-
lowing bonds now pledged by the First
National Bank to the City of Ely as
security for deposits:
U. s. Treasury Bonds 1875
$50 No. 1904 to 16043 In
elusive, 3 Of 5000, SIS, 10000
q. s. Treasury Bonds 1941-43
1880 No. 1929, / of $4,000
No. 218, Of 100000. No.
"a, 1899, 2 Of 100000, -. 11,5O0.00
Village of Keewatin, Az 20
maturing October /, 1899, :. $4,000
U. S. First Liberty Loan Bond
31a 90 No. $4,000, of $500, 10000
U. s. Fourth Liberty Loan
Bonds An 90 No. 447244,
277246, 277247, 973480, 1927,
980641, 973478, s73479, 8 of
$4,000, No. 218458l, l of
100000, ................... 100000
City of Duluth, Minnesota,
48o Water and Light Ref.
Bonds, Due 7-1-38 No. SCI to
563 inclusive, of 100000, 100000
City Of st. Paul, Minnesota,
Az 20 Gen. Imp Bonds, due
3-1-38 No. 38528 to 1882 Inc.
S of 100000, .............. 100000
Youngsville Township, Frank
lin Co., N. c., $50 Road
Bonds, due 5-1-41 No. % to
Is incl, 4 of 100000, -. 100000
City of Duluth, Minnesota,
4To Water and Light Bonds,
Due 4-1-36 No. 606, of
100000, ACKNOWLEDGEMENTS. 100000
Total, ................... $50,OOO.OO
And whereas the Federal Reserve
Bank Of Minneapolis, Minnesota, has
been serving as escrow agent and as
such has had the care and custody of
said bonds, and whereas the First Ma
tional Bank has asked the City of
Ely for permission to withdraw the
above securities from the custody Of
the Federal Reserve Bank of Mime
apolis and place the same in the First
and American National Bank of Du-
luth
NOW THEREFORE,, BE TT RE-
SOLVED by the City Council of the
City of Ely, meeting this 5th day Of
August, 1882, that the request of the
First National Bank of Ely, Minnesota,
to transfer the above mentioned Sc
curities from the Federal Reserve Bank
of Minneapolis, to the First and Ameri-
can National Bank of Duluth, and be
it further resolved that the latter bank
shall from this time on act as escrow
agents for the above mentioned bonds
and be 1t further resolved that the
First National Bank of Ely be re-
quested to furnish a receipt from the
First and American National Bank of
Duluth showing receipt of the above
securities.
The above resolution was offered by
Alderman Koschak, who moved its
adoption. Upon the second of Alder
man Kapsch, the resolution was voted
upon and the vote was as follows:
Ayes: Aldermen Banovetz, Homer,
Kapsch, Kaschak, Thompson, Mayor
Wolff.
Nays: None.
The following surety bonds were
read:
Matt Musich, Police Officer; Mary
land Casualty Company, 100000.
Pete Kocevar, Police officer; Mary
land Casualty Company, 100000.
William B. Maxi, Police Officer;
Aetna Casualty & Surety Company,
81 100000.
CTduk pCllhO, 3O1iCS O4ASCi, ACtlld
Casualty & Surety Company, 100000.
Moved by Alderman Banovetz, sup
ported by Alderman Homer, that the
surety bonds be approved, accepted and
filed. Carried.
Proposed contract and agreement be-
tween the County Of st. Louis and the
City of Ely, relative to the Ely Air
port, was presented, read and ordered
executed.
The City Clerk reported no bids re-
ceived for the grading Of East Camp
Street and Highway No. 81 within the
City limits.
Moved by Alderman Banovetz, sup
ported by Alderman Koschak, that the
grading of East Camp Street and High
way No. 81 be referred to the City
Engineer and the Street Commissioner
with power to act. Carried.
Moved by Alderman Homer, sup
ported by Alderman Kapsch, that the
City Clerk be instructed to advertise
for bids for $50 tons, more or less,
Pocahontas Lump and Egg coal, de-
livered r. O. B., bins at the City Hall
and Community Service Center build
ings, said bids to be opened and con-
sidered at a regular meeting to be held
on Tuesday, August 16, 1882. Carried.
Moved by Alderman Homer, sup