The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1937-11-25
RESOLUTION

- - - - ~.
A Resolution relating to Sidewalk
Falls, Minnesota and the issuance of
Certificates of Indebtedness There
fore in the matter of Special Assess
ment No. 142.
Whereas, in pursuance OF and full
chapter 235 of the Laws of Minne-
sota, of 1895, and the acts amenda-
tory thereof and supplemental there
to, proceedings have been duly and
legally taken for the construction of
City of Redwood Fails, Minnesota,
Whereas, the Street Commissioner
of the City of Redwood Falls, Min
nesota filed his reports of the costs
adopted by this Council, and,
Whereas, the costs of said Side
Walks construction are to be duly
and legally assessed against TIN
abutting property.
NOW THEREFORE, Be It ResoE
we'd by the Common Council of the
City of Redwood Falls, Redwood
County, Minnesota, as follows:
1. That all proceedings heretofore
taken for the construction of Side
walks in the City of Redwood Falls,
Minnesota, for the year of 1887, and
the assessment therefore known as
action heretofore taken by this Coun-
ell in ordering said improvements
and in levying said assessments are
hereby in all things re-adopted,
ratified and confirmed and said inn
provements shall be hereafter be
sessment No. 142.
2. That there be- and hereby is
created and provided for said Side
walk construction fund which shall
he known and designated as special
assessment fund No. AZ.
8. That it is advisable. expedent
and necessary at this time in order
Cured in the making of said i'm
,provements for the City to issue its
Certificates of Indebtedness in the
amount of 100000, and the Common
Council hereby authorizes and directs
to be issued and sold such Certifi-
Gates in said amount. Such Certifi-
Gates shall be dated December /,
1897, shall be in denominations of
$4,000 each, shall be 20 in number,
numbering from l to 20 inclusive.
per annum. payable annually on the
1st day of December in each year,
both principal and interest to be
payable at the office of the, City
Treasurer in the City of Redwood
Falls. Minnesota. Said Certificates
shall mature in order of their num-
hers, lowest numbers first, $4,000 on
December first in the years of 1888 to
1947 both inclusive. The City reserves
the right to prepay any or adj of
Certificates to 20 inclusive on Dec
ember /, 1888, or on any interest pay
ment date thereafter on publishing
a notice of it's intention to so pre-
pay said Certificates, not less than
once in the Official Newspaper of
said City. such publication to be
made at least, 80 days prior to the
date on which said certificates are
to be called for payment. -
4. That said Certificates of in
dehtedness and the interest coupons
to be thereto attached shall be ir
substantially the form with the nee
maturity, which said form is hereby
adopted. -
CERTIFICATE NO. ........
SPECIAL ASSESSMENT No. 142
CERTIFICATE OF INDEBTEDNESS
City of Redwood Falls, State of
Minnesota g,
THE CITY OF REDWOOD FALLS
In the County of Redwood and
State of Minnesota, acknowledges
itself to be justly indebted unto the
bearer, in the sum of $4,000, Which
it promises to pay to the bearer hereof,
at the office of the City Treasurer, in
the City of Redwood Falls, Minnesota,
on the LIST day of December A. ID.
49,. with interest from date at the
rate of per cent per annum, which
interest is evidenced by and is to be
paid upon the presentation and sur
render of the Coupons hereto annex
ed. The City reserves the right to
prepay this certificate if indebted
ness on December 1, 1888, or on any
interest payment date thereafter by
publishing a notice of its intention to
so prepay not less than 80 days prior
to the date upon which this eertifi-
cate is called for payment.
This Certificate is issued by the,
Common Council of the City of Ped
wood Falls, Minnesota. being duly
authorized and fully empowered to
issue the same for the purpose OF
providing funds in advance of the col
lection Of Special Assessment No.
construction of Sidewalks in pur-
suance of authority vested in it by
an Act of the Legislature of the
State of Minnesota, entitled. IAN
Act for the levy and collection of
special assessments in cities having
a population of less than twenty-five
thousand (25,000 inhabitants, and 70
provide for the payment in INSTALL
ments of assessments for local i'm
certificates of Indebtedness for the
amount of such installment" Which
said act known as Chapter No. 235 OF
the Laws of Minnesota of 1895 and
all acts amendatory and supplemental
thereto.
In Testimony Whereof, The Mayo
of said City has hereunto set hic
hand, this -. day of ........ A. ID.
d..