The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1938-03-24

In substantially SAID form, ana that the
seal of the school district be attached
thereto; that the printed autographed,
or engraved facsimile Of the Chair
mans and Clerks signature be at
tached to the coupons of said bonds
the same be placed in the custody of
the treasurer for delivery to the pur-
chaser thereof, when the same shall
have been awarded as hereinafter pro-
vided.
Be it further resolved that this Board
meet at the Memorial High School In
the City of Ely, st. Louis County, on
the 18th day of March, 1898. for the
purpose of receiving and considering
bids for the purchase of said bonds;
that notice of said meeting shall be
published for at least two successive
weeks, on the 18th day Of March, 1888
and on the oath day of March, 1888,
and that the Ely Miner, published at
Ely, st. Louis County, is hereby desig-
mated as the newspaper in which said
notice shall be published, and that the
clerk be and he is hereby directed to
give two weeks published notice of said
meeting in said newspaper pursuant to
this resolution: that said notice shall be
in substantially the following form:
NOTICE OF SALE OF
REFUNDING BONDS
Notice is hereby given that the Board
of Education of Independent School
District No. IL of st. Louis County
Minnesota, will meet at the Memorial
High School, in the City Of Ely, in
said county and state. on the 28th day
of March, 1888, at 7:30 o'clock p. m,
then and there to receive and consider
bids for the purchase of -Four Hundred
Thousand Dollars ($400,O0O refunding
bonds of said School District, to be
dated May LIST, 1888, to be in the de-
nomination of One Thousand Dollars
($1, 0O0) each, to be payable as to prin-
cipal as follows: $4,000 on August LIST,
1889, and $4,000 on August LIST in each
of the years 1910 to 1913, inclusive,
pursuant to the resolution of the school
board of said district, dated March
18th, 1888, which resolution is hereby
and interest of said bonds will be pay
able in lawful money of the United
States of America at such bank or fiscal
institution in the United States as shall
be designated by the successful bidder
or bidders in their bid, or, in the event
of the failure of the successful bidders
to unanimously designate such place Of
payment, then at the First and Ameri-
can National Bank in the City of Du-
luth, Minnesota. The bonds will be
awarded to the bidder who will pay
their face amount, with accrued in
terest from May LIST, 1888, or better, for
bonds bearing the lowest rate of in
terest, not exceeding three CD per cent
per annum. payable semi annually. The
School District will have the bonds
printed and executed at its own ex-
pense as soon as practicable after their
award, and the successful bidders viii
be notified by mail when they shall
be ready for delivery. The place Of
their delivery will be the First and
American National Bank in the City
Of Duluth, Minnesota. The school Dis
trict will also furnish to the purchaser
the approving opinion of Gillette, Nye,
Harries & Montague of Duluth, Mime
sofa, free of charge. Each bid must be
accompanied by a certified check or
cash deposit for two per cent. of the
principal amount Of the bonds bid for.
This will be forfeited to the School
District as liquidated damages II the
bonds awarded are not taken and paid
for by the successful bidder or bidders
within one week after notice that they
are so ready for delivery has been given.
The full faith and credit Of indie
pendent School District No. IL are
pledged for the payment of the princi-
pal and interest of said bonds.
All bids must be sealed and addressed
to B. S. Richards, Clerk of the Board
of Education.
The School District reserves the right
to reject any and all bids.
| Z.
Clerk.