The Redwood gazette. [volume] (Redwood Falls, Minn.) 1873-1940, 1937-10-28

KNOW ALL, MEN BY THESE
PRESENTS that the City of Red
wood Falls, Redwood County, Min
nesota, acknowledges that it is in
debted and for value received hereby
promises to Ray 30 Searer Do eae sq
($50000) on the first day of Decem-
Der, 19-,and to pay interest there
on from the date hereof until paid at
the rate of three per cent 6 per cent?
per annum, payable semi
on the LIST days of June and Decem-
Der in each year in accordance with
and upon presentation and surrender
of the attached interest coupons as
they severally become due. Both
principal and interest are payable at
the Office of the City Treasurer in
the City of Redwood Falls, Mime
sofa. The City reserves the right to
prepay this Certificate of Indebted
ness on December /, 1888, or on any
interest payment date thereafter by
publishing notice of its intention to
so prepay not less than thirty days
prior to the date on which this Ger
tificate is called for such prior pay
ment.
This Certificate of Indebtedness is
one of an issue in the total principal
amount of 100000 all of like date
and tenor except as to maturltleS,
issued for street Improvement de-
", and is issued by the City pur-
suant to and in full conformity with
the Constitution and laws of the
State of Minnesota thereunto enabling,
including Chapter 50 of the Laws OF
Minnesota for the year 1919 and acts
amendatory thereof and supplemental
thereto. and is payable out of assess
ments and taxes to be levied for the
purpose of paying for said improve
ment The City of Redwood Falls, by
it's Common Council, hereby specl-
fically pledges it's full faith and
credit to provide moneys for the pay
ment of the principal and interest of
said certificates as they severally
mature, in accordance with law,
which moneys shall be placed in
such fund, and into said fund shall
also be paid all moneys received from
the payment of any liens created un-
der the provisions of Chapter 80,
Laws of 1919 And the Council furth-
er covenants and agrees to pay the
principal and interest of any OF said
certificates out of any funds In the
treasury when the moneys on hand
in the appropriate special assessment
fund are insufficient to meet the
principal or interest when the same
mature, and in accordance with the
statutes in such case made and pro-
Vided.
RECITED that all acts, conditions,
and things required by the Constitu-
ton and laws of the State of Mime
sofa to be done, to happen, and to be
performed precedent to and in the
issuance of this certificate of indebt-
edness, have been done, have happen
ed, and have been performed in re-
gular and due FORM time, and man
ner as required by law; and that this
certificate of Indebtedness, together
with all other debts of said City out
standing on the date hereof, and the
date of its actual issuance and de-
livery, does not exceed any constitu-
tional or statutory limitation of in
debtedness.
IN WITNESS WHEREOF, the City
of Redwood Falls, Redwood County,
Minnesota, by it's Common Council, has
caused this certificate of indebted
ness to be signed by the Mayor of
the City and countersigned by the
Recorder and sealed with the seal of
said City, and the interest coupons
hereto attached to be executed and
authenticated by the facsimile sigma
lures of said officers, and has caused
this certificate of Indebtedness to be
dated as of December 1, 1887.