The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1933-08-18
By Commissioner Snyder for the en-
tire board:

BY Commissioner Snyder for the en-
tire board:
Whereas, at a meeting of this
board held on June 9th, 1888, this
on said date, authorized the issuance
and sale of one million dollars ($1,-
600, 000.00) in amount of the poor fund
funding bonds of ST. Louis county,
Minnesota, as authorized by chapter 43,
chapter 131 and chapter 1913, all laws
of Minnesota for 1888, all of which
bonds were to be dated July 1st
1888; consecutively numbered from
to 1000, both numbers inclusive; to
be of the denomination of one thou
sand dollars ($1,000.00) each; to be
due and payable in amounts of two
0O0.O0) on July 1st in each of the
years of 1895 to 1888, both years in
elusive; all of said bonds bearing in
terest at the rate of four and three
quarters per cent (4A9c) per an
mum, payable semi-annually on July
1st and January LIST of each year
until paid, both principal and interest
to be payable at the Irving Trust
company of New York, New York.
said bonds and interest coupons to
be in the form and substance as
prescribed in said resolution. That
this board also in said resolution au-
thorized and directed the county
auditor of the county of st. Louis
to publish notice for the receipt of
bids or proposals by this board for
the purchase of all or any portion of
said one million dollars $1,000, 600 00)
of said bonds, upon the terms and
conditions stated in said resolution
said proposals for the purchase of
said bonds to be opened and consid-
erea by this board at its meeting
fixed by it to be held at 1870 o'clock,
p. M, on June 18th, 1888; and
whereas, at its said meeting so
held on June 26th, 1888, this board
accepted proposals for the purchase
OF seven hundred fifty thousand dol
lars G750, 000.00) in amount of said
bonds, including two hundred fifty
thousand dollars ts25o, OOOOO) in
amount, maturing on July LIST of each
of the years 1896, 1887 and 1888,
leaving unsold two hundred fifty
sfoo,sa1 dollars (s25o. ooo.oo) in
mature on July LIST, 1895, and five
hundred thousand dollars (s50O. O00.-
GOD in amount of said bonds to ma
ture at date to be fixed by this
board; and
Whereas, in the Judgment of this
board, 1t is now found desirable and
necessary to issue and sell all of said
remaining seven hundred fifty thou
sand dollars (S750, 00O.0O) in amount
of said poor fund funding bonds as
soon as conveniently can be done,
1870 - 10 AOuiio QCSlTd Dle anu eApeQl-
ent to amend said resolution adopted
by this board on June 9th, 1888, so
as to authorize and provide for the
issuing and sale of said remaining
portion of said bonds, in the amount
of seven hundred fifty thousand dol
lars (S750, 000.00) for the purposes
authorized by said laws
Now, therefore, be it resolved that
said resolution adopted by this board
on June 9Th, 1888, above referred to.
be and the same hereby is amend
ed SO as to authorize the issuance
and the sale of one million five hun
dred thousand dollars Isl, 500, 100000
in amount of the poor fund bonds re :.
ferred to therein instead of one mil
lion dollars (s1 200, DOC. 00) in amount
thereof, said bonds to mature in
amounts of two hundred fifty thou
sand dollars (s250, 100000 annually on
July LIST of each of the years of 1885
to 1910, both years inclusive. said
bonds to be numbered l to 1900, both
numbers inclusive: said bonds num-
bered 1 to ESQ to mature on July 1st.
1885, and said bonds numbered 1,001
to 1,250 to mature on July 1st, 1899,
and said bonds numbered 1,251 to 1,500
to mature on July 1st, 1910, all of
said bonds to be in form and sub
stance as specified in the said reso-
luton adopted on June 9th, 1898:
Be 1t further resolved, by this
!, That In the Judgment Of this