The Ely miner. [volume] (Ely, Minn.) 1895-1986, 1938-03-24
attached to said bond which coupon

aUCdCQ6Q 10 SdlQ DOIlQ WIllCll COupOl
shall he payable on August LIST, 1888
That said bonds and the interest,"
coupons thereto attached shall be pay
able in lawful money Of the United
States of America at such fiscal in
stitution in the United States as shall
be designated by the successful bidder
or bidders in their bids, or, in the event
of the failure of the successful bidders
to unanimously designate such place
of payment, then at the FIRST AND
AMERICAN NATIONAL BANK in the
City of Duluth, Minnesota. That said
bonds shall mature as to the principal
as follows: Bonds numbered / to 40
inclusive, on the LIST day of August
1899, and forty bonds, in the order OF
their numbers. lowest numbers first. on
the LIST day of August in each of the
years 1910 to 1913, inclusive. That each
of said bonds shall be substantially the
following form, with the necessary vari-
ations as to numbers, maturitieS, place
|of payment and interest rate, which
said form is hereby approved and
adopted:
No.. 900. $1,000
United States of America, State of Min
neSota, County of st. Louis, Indepen-
dent School District No. IL.
KNOW ALL MEN BY THESE
PRESENTS, That INDEPENDENT
SCHOOL DISTRICT No. IL, st. Louis
County, State OF Minnesota acknow-
lodges itself to owe and for value re-
ceived promises to pay to bearer ONE
THOUSAND DOLLARS lawful money
of the United States of America, on the
first day of August, 1899, with interest
thereon from the date hereof until
paid, at the rate Of ...... per cent per
annum, payable semi-annually on the
first day of February and the first day
of August in each year, upon presen-
tation and surrender of the annexed
interest coupons as they severally be-
come due. The interest for the period
from May LIST, 1888 to August LIST, 1888
shall be payable on August LIST, 1898
upon presentation and surrender of the
separate coupon hereto attached. Both
principal and interest of this bond are
hereby made payable at the ..........
.......... in the City of ...............
This bond is issued for the purpose
of refunding outstanding bonds of said
school district dated June LIST, 1928,
under the authority of and in full COM
plance with the provisions of the laws
and statutes of the State of Minnesota
thereunto enabling, and pursuant to
resolutions duly adopted by the Board
of Education thereof.
1t is hereby certified and recited that
all acts, conditions, and things required
to exist and to be done precedent to
and in the issuance of this bond by the
laws and constitution of the State of
Minnesota have duly happened and
been performed; that provision has been
made for the levying and collection of
a direct annual tax upon all of the
taxable property within said Indepen-
dent School District No. IL, st. Louis
County, State of Minnesota, to pay the
interest and principal of this bond as
the same shall become due, and that
the total indebtedness of said District,
including this bond, does not exceed any
constitutional or statuatory limitation.
For the prompt payment hereof, both
principal and interest as the same shall
become due, the full faith, credit and
resources of said district are hereby
irrevocably pledged.
In testimony whereof, the said In
dependent School District No. IL, by its
Board of Education, has caused this
bond to be signed by the Chairman
of the Board and countersigned by the
Clerk of the Board, and the coupons
hereto attached to be executed with
the facsimile signatures of said officers
as of this first day of May, 1888.