The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1933-07-21

county of st. Louis and is unpaid:
and
Whereas, the said county of st.
Louis in the year 1918, did legally
make. execute and deliver its GER
tain county drainage bonds in the
aggregate sum of $11.000.00 for the
purpose of defraying the cost OF con-
structing County Ditch No. 10, In
said county, which said bonds were
bank of ST. Paul, for value received.
and the sum of 100000 thereof. with
interest thereon. is now outstanding
against the said county Of st. Louis,
and is unpaid; and
Whereas. the said county of st.
Louis in the year 1920, did legally
make. execute aand deliver Its GER
tain county drainage bonds in the
aggregate sum of $1S.000.OO for the
purpose of defraying the cost of con-
structing County Ditch No.. IL in
said county, which said bonds were
sold to the First National bank of
Duluth. for value received, and the
sum of s11,000.00 thereof, with in
terest thereon. Is now outstanding
against the said county OF st. Louis,
and is unpaid; and
Whereas, the said county of st.
Louis in the year 1928. did legally
make, execute and deliver its GER
tain county drainage bonds in the
aggregate sum of S335,O0O.O0 for the
purpose of defraying the cost of con-
structing County Ditch No. 10 in
sold to the William R. Compton
company of Chicago, for value re-
ceived, and the sum of S225. 100000
thereof with interest thereon, is now
outstanding against the said county
of st. Louis, and is unpaid; and
Whereas. the said county OF St
Louis in the year 1923, did legally
make, execute and deliver its GER
tain county drainage bonds in the
aggregate sum of $10,500OO for the
constructing County Ditch No. IA,
in said county, which said bonds
were sold to the First National bank
of Duluth, the Northern Trust COM
pany of Duluth and the Wells-Dickey
company of Minneapolis, for val value ne
received, and the sum of SS,0OO.00
thereof, with interest thereon, Is
now outstanding against the said
county of st. Louis, and is unpaid:
and
Whereas, the said county of st.
Louis. in the year 1928, did legally
make, execute and deliver its GER
tain county drainage bonds in the
aggregate sum of sS7,000.00 for the
purpose of defraying the cost of
constructing Judicial Ditch No. ], In
sold to the First National bank of
Duluth, the Northern Trust company
of Duluth, and the wells-Dickey
company of Minneapolis, jointly, for
value received. and the sum Of $751;
10000 thereof, with interest thereon
county of st. Louis, and is unpaid;
and
Whereas, the said county of st.
louis, in the year 1920, did legally
make, execute and deliver its GER
tain county drainage bonds In the
81 or
purpose of defraying the cost OF con-
structing Judicial Ditch No. In
said county, which said bonds We're
sold to the First National bank OF
Duluth. for value received, and the
sum of 100000 thereof, with inter
est thereon, is now outstanding
against the said county of st. Louis,
and is unpaid; and
Whereas, the said county of st.
Louis, in the year 1919, did legally
make. execute and deliver its certain
county special bridge bonds in the
total sum of $1,35O, Ooo;9o, Tor the
purpose of defraying the cost OF
constructing bridges in said county,
| of which issue, $50, 100000 thereof was
sold to the Minneapolis Trust COM
pany, and $40, 100000 thereof, was
| sold to the First National bank OF
| sum of 1866, 100000 of said issue, to-
gether with interest thereon. is now
| outstanding against the said county
of ST. Louis. and is unpaid; and
Whereas, of said total amount of
said bonds now remaining unpaid,
annual installmen1ts OF IL prlnclpal IN
and payable on July list. 1888, and
So .00O. 90 on September 1st, 1888, and
| sc, SOC. 90 on October LIST. 1888. and
| 81 .0OO. 90 on November LIST, 1888, and
s23, 10000 on December LIST, 1879; ana
On nd col 900 On in
terest on said special bridge bonds
and interest on said ditch bonds In
the amount of s24,5SS.25. all become
due and payable on or after July ISL,
| 1898, and before January LIST, 1884
and the total amount of said install
ments on the principal of said bonds
mature in 1888. and interest becom,
| ing due and payable in 1888, on and
after July LIST, 1888, amount to the
| aggregate sum of sl3S. $3.50, ano
| body deems it for the welfare of the
| county of st. Louis to issue its bonds
| TO the state of Minnesota, to refund
| the amount of s100,00000 OF its oph-
cations aforesaid;
Now. therefore, be 1t resolved. by
the governing body of said county
of st. Louis. at a duly called meeting
| thereof, legally held on the ninth
day of June A. D., 1888. quorum
being present, that tro under nd ros ana CRY Dy
eral statutes for 1928, as amended,
| said county of st. Louis in the
state of Minnesota, shall for the pur-
| pose of refunding said bonds, issue
| and negotiate to the state of Mime
sofa, its refunding. bonds in the ag,
gregate amount Of 500. 100000, dated
| from issue, bearing interest at the
| rate of four and one-quarter per
centum (4A%) per annum, to ma
| ture and to be of the respective
| numbers and amounts as hereinafter
set forth: 80
| "a One bond for the sum OF
$40, 10000, payable July LIST, 1888. =,
$40, 600 90, payable July list, 1899. :.
Il fnr ha