The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1933-04-14

pose of furnishing support and poor
relief for the poor of said county,
said amount being in excess of all
thereof, and as authorized by law.
8. That in the judgment of the
board of county commissioners of st.
Louis county, Minnesota, for the
purpose of borrowing, sal said a. sum un of
the purposes aforesaid, it is neces-
sary and expedient, that the bonds of
said county should be presently is
sued and sold in the amount of one
million dollars 81, 0OO, OO0OO) par
Laws of Minnesota. for 1888, which
bonds shall be dated April LIST, 1885,
shall be consecutively numbered from
one ~ to one thousand Q,000), both
numbers inclusive; shall be of the
denomination of one thousand dol,
lars s1,OO0.O0) each; shall be due and
payable as follows, to-wit: Two hun
bred thousand dollars $500, 000.00) in
amount on April LIST, 1885, and two
hundred thousand dollars $500, 100000
1886, 1887, 1888 and 1899; bearing in
terest at the rate of four and three
quarters per cent (4A%o) per an
mum, payable semi-annually on April
LIST and October LIST of each year
until paid; that both principal and
interest shall be payable at the Try
ing Trust company of New York,
New York; that the bonds be signed
by the chairman of the county board,
and counterSigned and sealed by the
county auditor OF said county; that
the interest accruing on said bonds
be evidenced by coupons thereto at
tached, maturing on the several
dates when such interest natures,
and that such coupons be signed by
said chairman and said county audi
hot 70 ciftoi1a SIGNATURES
which officers respectively shall by
the execution of said bonds adopt
as and for their respective and pro
per signatures, their respective fac
simile signatures appearing on said
coupons.
4. That each of said bonds and
coupons be in substantially the fol-
lowing form:
(Form of Bond)
UNITED STATES OF AMERICA
State of Minnesota, County of st. Louis
County Poor Fund BOND mn ~
Know All Men by These Presents,
That the County of st. Louis, in the
State of Minnesota, hereby acknow-
lodges itself to owe and for value
received promises to pay to the nn oHars
Isl, O00.00) in gold coin of the Unit
ed States, of the present standard
of weight and fineness, on the first
day of April, 1873, with interest
thereon at the ea rate q 9S1r n and
PAYABLE semi-annually on the first
day of April and October of each
year, on presentation and surrender
of the interest coupons hereto at
tached as they severally become que.
Both principal hereof and interest mere
on are hereby made payable at the lrv-
ing Trust company of New York,
New York. -
For the prompt payment OF TINS
bond. both principal and interest at
sufficient for that purpose, the 1uii
faith. credit and resources of said
County are irrevocably, pledged.
This bond is issued by the COUNTY
anv existing overdraft or shortage
i'm the Poor Fund of said County, and
for funding any and all orders or
warrants heretofore OF rn nereI Poer
Commission of said County, upon
said Poor Fund, and is authorized
by resolution duly and properly pass
ed by the Board of County Commls-
the provisions of Chapter 10, Laws
of Minnesota for 1888.
And it is hereby certified and re,
cited that all conditions, acts anu
things required by the Constltutlon
and Laws OF M1nneSOta 70 eAioe y.
to be done and performed, precedent
to and in the issuance of this pond,
did exist, have happened, been done
and performed in regular and Que
form and time as requird by law
that the Indebtedness of said coun-
ty. including this bond, does not ex-
coed any limitations imposed by law.
In Testimony Whereof, said Coun-
ty of ST. Louis, by it's County BOARD;
has caused this bond to be signed
bv it's Chairman, and counterslgned
by the County Auditor, and the sea-
of said County Auditor affixed mere,
to. and the coupons hereto attacnea
TO be signed by said Chairman ano
County Auditor by their fac-simlle
SIGNATURES. which officers do re-
spectively, by the execution hereol,
adopt as and for their respectlNe-
SIGNATURES, their respective fac-slmile
signatures appearing on said coupons
on this First day of April, 1888.
Countersigned:
- =
County Auditor, County OF ST
Louis, Minnesota.
Chairman of County Board,
County of ST. Louis, Minnesota
(Form of Coupon)
County of ST Louis, Minnesota,