The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1933-11-17

as being well-planned and judiciously
conceived and as being needed and
essential to the welfare of the City of
Ely;
NOW, THEREFORE,, BE 1T RE-
SOLVED BY the City Council, the
governing body of the City of Ely in
the County of st. Louis and State of
Minnesota at a regular meeting there
/ of, legally held on the 7th day of
November, 1888, quorum being present,
that it is necessary and expedient that
the City issue bonds in the maximum
principal amount of $60,000.0O for the
purpose of constructing, extending en-
larging, and improving the City of
Ely Water and Light Plant and to that
end the City Council deems it expedient
to issue bonds of the City of Ely in
the sum of $50 10000 for the purpose
of constructing, extending, enlarging,
and improving the City of Ely Water
and Light Plant, said bonds to bear
interest at rate not to exceed six
per cent 800 per annum, payable
semi annually, to mature and to be OF
the respective number and amounts as
hereafter set forth:
1. One bond for the sum of 10000 90
payable January /, 1887;
2. One bond for the sum of 100000
payable January /, 1898;
g. One bond for the sum of $40 1000 90
payable January /, 1899;
4. One bond for the sum of 5000 90
payable January l, 1910;
S. One bond for the sum of 100000
payable January l, 1941;
6. One bond for the sum of $40 900 90
payable January /, 1912.
BE 1T FURTHER RESOLVED, That
the funds so realized and derived from
the sale and disposition of such bonds
be exclusively used and spent for the
purpose of constructing, extending en-
| larging and improving the City of Ely
Waite rand Light Plant and the con-
tract for said projects to be let in the
manner and pursuant to the directions,
regulations, and requirements estab-
lished and promulgated or to be estab-
lished and promulgated by the Presi-
dent of the United States and the Fed
eral Government as condition to the
granting by said Government of said
aid in an amount which will approx
| mate thirty per cent 5000 of the
authorized amount to be spent on the
above described project.
BE 1T FURTHER RESOLVED, That
! the proposition of issuing said bonds be
submitted to the electors of said City
of Ely, st. Louis County, Minnesota, at
special election to be held therein on
the 5th day of December, 1888, during
the legal hours for voting on said day
and that due notice of said special
election be given as required by law.
The foregoing resolution was moved
f! by Alderman Thompson, seconded by
| Alderman Koschak, and declared car
ried on the following vote
Ayes: Aldermen Banovetz, Carlson,
Kapsch, Koschak, Tauzell, Thompson,
Mayor Harri
Noes: None.
| That pursuant to the resolution of
the City Council of the City of Ely
duly passed and enacted on November
II, 1888, pertaining to the Special Bond
Election to be held on the 5th day of
December, 1888, the following pro-
| position as embodied in the following
Notice of Special Election be submitted
to the electors of the City of Ely for
their approval or dfsapproval and the
City Clerk of the City of Ely is hereby
directed to publish as provided by law
and to post for a period of not less than
twenty days Immediately preceding
said Special Election said Notice of
Election
NOTICE OF SPECIAL ELECTION.
TO THE VOTERS OF THE CITY OF
ELY, ST. LOUIS COUNTY, MINNIE
sofa:
NOTICE Is HEREBY GIVEN, That
pursuant to the resolution of the City
Council of the City of Ely, duly passed
and enacted for that purpose on Nov
ember z, 1888, a Special Bond Election
will be held in and for the City of Ely,
State of Minnesota, on Tuesday, the
5th day of December, 1888, for the pur-
pose of submitting to the voters of
said City for their approval or rejec-
ton the following stated proposition
and question:
Shall the City of Ely, State of Min
nesota, issue its negotiable bonds
in the maximum principal amount
of 100000 for the purpose of con-
structing, extending, enlarging, and
improving the City of Ely Water