The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1938-04-21
and bonds bearing interest at the

MIMI
First National Bank & Trust Co..
Minneapolis, Mimi
Kalman and Company, st. Paul, }
MINI.
BigelowWebb & Co., Inc, Min }
neapolis, Mimi.
$500, 100000 plus premium of SAIL 90
and bonds bearing interest at the
rate of 275qo per annum.
After due consideration of all bids,
Director Ahola introduced the following
resolution, and moved it's adoption:
WHEREAS, the bid of First National
Bank of st. Paul, st. Paul, Mimi, First
National Bank 81 Trust Co., Mime
apoliS, Mimi, kaufman and Company,
st. Paul, Mimi, and Bigelow-Webb &
Co., Inc, Minneapolis, Mimi, bidding
jointly, to purchase 100000 Refunding
Bonds of said District dated June LIST,
1888, complies with the terms of same
and IS by this Board deemed most
favorable;
SOLVED by the School Board of In
dependent School District No. II of st.
Louis County, Minnesota, as follows:
l. The said bid of the said First
National Bank of st. Paul, st. Paul,
Mimi, First National Bank g. Trust
Co., Minneapolis, Mimi, Kalman and
Company, st. Paul, Minnesota, and
Bigelow-Webb & Co., Inc, Minneapolis,
Minn bidding jointly, to purchase said
bonds dated June list, 1888, bearing
interest at the rate of two and three
quarters per cent. per annum, payable
semi-annually, is hereby accepted, said
bid being to purchase said bonds at
par and accrued interest and at a pre-
MUM of $4,411.00.
2. The Officers of the District are
hereby authorized and directed to pre-
pare and furnish to the purchaser OF
said bonds, and to the attorneys ap-
proving the same, certified copies of all
proceedings and records of the Dis
trict relating to said bonds and to the
financial affairs of the District, and
such other certificates as may be re-
quired to show the facts within their
knowledge or as shown by the books
and records under their custody and
control relating to said bonds or the
obligations to be refunded thereby, and
certified copies and certificates shall
be deemed representation of the Dis
trict as to the facts stated therein.
8. That resolution adopted March
%, 1888, authorizing the issuance and
sale of 100000 Refunding Bonds be
amended in the following respects:
(a) That the last paragraph of the
form of bond set forth in said resolu-
ton be amended to read as follows:
| I'm TESTIMONY WHEREOF the
said Independent School District
No. II of st. Louis County, Min
nesota by its School Board has
caused this bond to be executed
in it's behalf by the signature OF
the Chairman of the School,
Board, countersigned by the
Treasurer and atteSted by the
| Clerk, its corporate seal to be
hereunto affixed, and has caused
the attached interest coupons tc
be executed, and authenticated by
the fac-simile signatures of Saio
Chairman and Clerk, all as of the
list day of June, 1885,"
(b That wherever in said reso-
luton the Chairman and Clerk
are directed to sign or counter.
sign said bonds, such direction is
amended to provide that sale
bonds shall be signed by the
Chairman of the Board, counter.
signed by the Treasurer, and at.
tested by the Clerk
Director Jones seconded the motion
to adopt said resolution and, the roll
being called, the same was adopted by
the following vote:
Ayes. Nays-none
Moved by Jones, supported by Clan.
otti0that certified checks be returned tt
the unsuccessful bidders. Motion carriec
unanimously.
Moved by Jones, supported by Ahola
that the Clerk and Mr.. Moscatelli b
authorized to have bonds printed Mo.
ton carried unanimously.
Moved by Gianotti, supported by
Ahola, that the action taken at the ad.
journed meeting of the School Boarc
on February Is, 1888 engaging Pete.
Moscatelli to provide legal services anc
prepare necessary papers in connection
with the refunding and sale of bonds b.