The Sauk Centre herald., 1939-01-05

number and numbered from ! to
20, both inclusive, in the denomina-
ton Of $1,000 each, bearing interest
at the rate of 1870 per annum, pay
able semiannually on the 1st days
Of January and July in each year,
and maturing serially on January /
in the amount Of $4,000 In each of
the years 194l to 1945, both inclu-
sive. Both principal of and interest
on said Certificates of Indebtedness
shall be payable at Northwestern
National Bank Trust Company,
in Minneapolis, Minnesota.
8. Said Certificates Of Indebted
ness and the coupons thereto at
tached shall be in substantially the
following form:
(Form of Certificate)
UNITED STATES OF AMERICA
STATE OF MINNESOTA
COUNTY OF STEARNS
CITY OF SAUK CENTRE
STREET IMPROVEMENT GER
TIFICATE OF INDEBTEDNESS
Mo-. $1,000.
KNOW ALL MEN BY THESE
PRESENTS That the City of Sauk
Centre, Stearns County, Minnesota,
certifies that it is indebted and for
value received promises to pay to
bearer the sum of ONE THOUS-
AND DOLLARS on the 1st day of
January, 10 and to pay interest
thereon from the date hereof until
paid at the rate Of % per annum,
payable semiannually on the first
days Of January and July of each
year in accordance with and upon
presentation and surrender of the
attached interest coupons as they
severally become due. Both prin-
cipal of and interest on this Certifi~
cate Of Indebtedness are payable
at the of
in lawful
money of the United States of
America, and to provide money for
the prompt and full payment of
said principal and interest as the
same become due the full faith,
credit, and resources of said City
have been and are hereby irrevoc-
ably pledged.
This Certificate of Indebtedness
is one of an issue of $4,000 Street
Improvement Certificates of Indebt-
edness, all of like date and tenor
except as to maturity, all issued by
the City of Sauk Centre pursuant
to and in conformity with the Con-
stitution and laws Of the State of
Minnesota thereunto enabling, in
cluding Chapter IS Laws Of 1919
and acts amendatory thereof and
supplemental thereto, and is issued
for the purpose of defraying part
of the expenses incurred and to be
incurred in constructing a Street
Improvement in said City, hereto
fore designated as Local Improve
ment No. IL.
1T IS HEREBY CERTIFIED
AND RECITED that all acts, con-
ditions, and things required by the
Constitution and laws of the State
of Minnesota to be done, to happen,
and to be performed precedent to
and in the issuance Of this Ger
tificate of Indebtedness have been
done, have happened, and have been
performed in regular and due form,
time, and manner, as required by
law, and that this Certificate of
Indebtedness, together with all 9TH
er debts of said City outstanding
on the date hereof, does not exceed
any constitutional, statutory or
charter limitation Of Indebtedness.
IN WITNESS WHEREOF the
City Of Sank Centre, Stearns Coun-
ty, Minnesota, by its City Council,
has caused this Certificate of In
debtedness to be signed by its May
or and countersigned by its City
Clerk and sealed with the seal of
said City, and the interest coupons
hereto attached to be executed and
authenticated by the facsimile sig
natures Of said officers, all as of
January 1, 1889.
Mayor, City of Sauk Centre,
Minnesota