Askov American., 1940-07-18
corner of Sections II. IL, 13 and IA.
TOxupShin Al RanCe II

S1a OF SWt4, Section 13 and SEA OF
Section 14-43-20.
by c. A. Pearson, who moved its adop-
tion
WHEREAS, the county of Pine, state
OF Minnesota, in the year 1927, did
legally make, execute and deliver its
certain bonds in the aggregate sum of
100000 for the purpose of taking up
outstanding road and bridge warrants
which said bonds were issued to state
of Minnesota for value received, and
$4,000 of the same are now outstanding
against the said couny of Pine and are
unpaid:
WHEREAS, the governing body of
said county. of Pine deems that it is
for the welfare of said county of Pine
to issue its bonds to the state of Min
nesota to refund $4,000 of its obliga-
tions aforesaid, which mature July l,
Now. THEREFORE. BE IT RE-
SOLVED, by the governing body of
said county of Pine at a duly called
meeting thereof, legally held on the
9th day of July. 1910, a quorum being
Sections 1859 to 1868, Mason's Mime
sofa Statutes of 1927. and acts amenda-
tory thereof, said county of Pine shall
tor the purpose OF refunding said bonds
issue and negotiate to the state of
aggregate amount of $4,000 dated from
issue, bearing interest at the rate of
three per centum per annum to ma
ture and to be of the respective num-
forth:
l. One bond for the sum of $4,000
Payable July l.. 1858.
Q One bond for the sum of $4,000
Payable July l, 1859.
and that the proceeds arising from
the sale thereof be used for the pur-
pose of refunding said bonds. and no
other: that the treasurer of said county
hn tNn sc Ia
lied and directed to make application
to the State Board of Investment of
Minnesota for loan of the amount and
character and upon the terms and con-
officers are authorized and directed
hereby to make, execute and deliver
such papers required by the said State
Board of Investment: that upon the
board the treasurer and clerk of this
governing body be and they are author
lied and directed hereby to sign and
execute such bonds and the treasurer
to countersign the same and deliver
them to the state of Minnesota, and
upon receipt of the principal sum there
of said treasurer is hereby directed to
apply the same for the purpose of re-
funding the said bonds and not other
wise.
The motion being duly seconded by
w. G.: Ausmus was put to a vote and
prevailed. yeas and no nays.
The following resolution was offered
by E: B. Greenwald who moved its
WHEREAS. the town of Keene in the
county of Pine, state of Minnesota in
the year 1922 did legally make, execute
and deliver its certain bonds in the
aggregate sum of S6,600 for the pur-
pose of building roads and funding
outstanding warrants. which said bonds
were issued to the state of Minnesota
for value received, and $1,000 thereof
JIr10 Il
WHEREAS. said town of Keene was
dissolved pursuant to the provisions of
Laws 1881. Chapter &c. as amended on
January Z. 1896, and the territory
the issuance of said bonds thereupon
became and still is dissolved territory,
and
WHEREAS, such indebtedness of the
solution exceeded and still exceeds the
maximum amount which may be raised
by one years tax levy as provided in
and by said act, and
WHEREAS, the county board of said
county of Pine deems that it is for
the welfare of the territory formerly
comprising said town of Keene to issue
the bonds of said county of Pine under
to refund $1,000 of said bonds of said
town issued in the year 1922, and
which bonds have heretofore matured
or will mature July 1, 1910;
NOW; THEREFORE, BE IT RE
ounty of Pine. at a special meeting
thereof legally held on the 9th day
of July. 1910, all members being pres
ent, that under and by virtue of said
and of Mason's Minnesota Statutes of
1927. Sections 1859 to 1868, said county
board shall for the purpose of refund
ing $1,000 of said bonds of said town
of Keene, issue and negotiate to the
STATE Minnesota raflln6iroO dS
in the aggregate amount of $1,000 dated
from issue, bearing interest at the
rate OF three per centum per annum,
to mature and to be of the respective
set forth:
l. One bond for the sum of $500
Payable July l., 1850;
p;ys5fs z One 1,1n bond for 9sz, the sum of $500
which bonds shall be chargeable
against the territory formerly compris-
ing the town of Keene which was
Snag with the of the
and that the proceeds arising from the
sale thereof be used for the purpose
of refunding said bonds. and no other;
that the county treasure treasurer of said county
directed to make application to the
State Board of Investment for a loan
of the amount and character and upon
the terms and conditions herein spe-
thorized and directed hereby to make
execute and deliver such papers and to
furnish such information in connec-
ton with said application and the issu-
ance of bonds pursuant thereto as may
be required by the State Board of In
vestment; that upon the approval of
said application by said board. the
chairman of this board and the county
auditor. be and they are authorized and
directed hereby to sign and execute
such bonds and the county treasurer
to countersign the same and deliver
them to the state of Minnesota, and
of said county treasurer is hereby di-
rected to apply the same for the pur--
pose of refunding the said bonds and
not otherwise.
The motion being duly seconded by
c. A. Pearson was put to vote and
prevailed yeas and no nays
The following resolution was Of
fered by Magnus Christensen, who
moved its adoption:
WHEREAS, the town of Belden in
in the years 1922 and 1923. did legally
make, execute and deliver its certain
bonds in the aggregate sum of $50. 500
for the purpose of building roads and
said bonds were issued to the state of
Minnesota for value received. and $500
thereof are now outstanding and un-
paid: and
dissolved pursuant to the provisions of
Laws 1881, Chapter 96. as amended. on
January Z. 1886, and the territory COM
prising said town at the. time of the
came and still is dissolved territory. and
WHEREAS. such Indebtedness of the
town of Belden at the time of its dis
solution exceeded and still exceeds the
maximum amount which may be raised
by one years tax levy as provided in
and nv said act and