Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1941-07-17

sofa in the year 1875 did legally make.
execute and deliver its certain bonds In
the aggregate sum Of $40 10000 for the
Of building s0aas and fund sd
bonds were issued to the State Of
Minnesota for. value received and
$2000.00 thereof are now outstanding
WHEREAS said Town Of Dosey was
dissolved pursuant to the provisions
ed. on January z. 1886. and the terri
tory comprising said town at the time
upon became and still is dissolved
territory. and
WHEREAS. such Indebtedness of
the Town Of Dosey at the time OF It's
the maximum amount which may be
raised by one years tax levy as pro-
vided in and by said act. and
WHEREAS. The County Board Of
is for. the welfare Of the territory
formerly comprising said Town Of
Dosey to issue the bonds Of said County
Of Pine under the provisions Of said
Of said bonds Of said town issued in
the year 1926 and 81 10000 Of which
bonds have heretofore matured or will
mature July 1870 and 5000 Of
NOW. Therefore,. BE 1T RES.
OLvED. by the County Board Of said
County Of Pine, at a special meeting
July. 1s4f. all members being pres;
ent that under and by virtue OF said
Laws Of 1881. Chapter IS. as amended.
and Of Mason's Minnesota Statutes OF
i Rca1d sss Sa s ss to S sa o SGun
ing 100000 Of said bonds Of said
the State Of Minnesota refunding
bonds in the aggregate amount OF
terest at the rate Of three per centum
per annum. to mature and to be OF
the respective numbers and amounts a.
hereinafter set forth: =. .,ooo M
Payable July /. 1858.
Payable July 1, 1859.
which bonds shall be chargeable ag-
the Town Of Dosey which was charge
able with the payment of the bonds
proposed to be refunded hereby. and
that the proceeds arising from ,lr me
Of refunding said bonds. and no other:
that the County Treasurer Of said
County be and he Is hereby authorized
and directed to make application to
loan Of the amount and character and
upon the terms and conditions herein
specified: that all other officers are
authorized and directed hereby to
and to furnish such information in
connection with said application and
the issuance Of bonds pursuant there
to as may be required by the State
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
r0llnfoTSf3n
same and deliver them to the State
of Minnesota. and upon receipt OF the
principal sum thereof said County
Treasurer is hereby directed to apply
ing the said bonds and not otherwise.
The motion being duly seconded by
Mr.. Ladd was put to vote and pre-
Tse fo ksai snq 1e5 aS aey was offer
ed by Mr.. Pearson. who moved It's ao-
WHEREAS. the Town of gelden in
the G S tSs S years. isss and Gl 49, did
legally make. execute" and deliver its
Of $40. 10000 for the purpose Of build
Warrants Ns ac' which h said bonds were is.
value received. and $4,000 thereof
are now outstanding and unpaid: end
was dissolved pursuant to the provis-
ions Of Laws 1881. Chapter IS, as q.
mended. on January z. 1885. and the
territory comprising said Town at the
th there pt be Became and still IS dissolved
WHERREAs. such indebtedness Of the
Town of Belden at the time OF Its
dissolution exceeded and b stl eaeeeS Ss
raised by one years tax levy as pro-
vided in and by said act. and
WHEREAS. the County Board OF
for for the welfare Of the territory form
erly comprising said Town Of Belden
to issue the bonds Of said County Of
Pine under the provisions OF said act;
bonds of said town issued in the year
1922. and 100000 Of said bonds Of said
town issued in the year 1923. which
bonds have heretofore matured or Will
ms NoW J TRyE !; aSe5a BE IT RES
OWED. BY the County Board Of said
thereof legally held on the 1st day OF
tSas under 1s and am By Virtue 0e Of SAID laws
Of 1881. Chapter Sc. az amended. ana
Of Mason's Minnesota Statutes Of 1927.
Sections 1859 to 1868. said County
Board shall for the purpose OF Ie1Hnd,
of Belden, issue and negotiate to the
State Of Minnesota refunding bonds
in the aggregate amount OF $l6OW
dated from issue. bearing interest at
mum, to mature and to be Of the re-
spective numbers and amounts as
hereinafter set forth:
1. One Bond for the sum OF sSo0'oo
=: One Bond for ,s- the sum of s5oooo
g. One Bond for the sum OF $6OOOO
Payable July 1850 o,..ao.,,a .
gainst the territory formerly compris-
ing the Town of Belden which was
chargeable with the payment OF the
bonds proposed to be refunded hereby.
the sale thereof be used for the pur-
pose of refunding said bonds. and no
other: that the County Treasurer OF
said County be and he is hereby eu-
cation to the State. Board Of Invest;
ment for a loan of the amount and
character and upon the terms and
conditions herein specified; that all
rected hereby to make. execute and
deliver such papers and to furnish
such Information In connection with
said application and the issuance OF
quired by the State Board Of Invest;
ment: that upon the approval Of said
application by said Board. the Chair
man Of this Board and the County Au.
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
upon receipt Of the principal sum
thereof said County Treasurer is here
by directed to apply the same for the
purpose Of refunding the said bonds
and not otherwise.
The motion being duly seconded by
Mr.. Ladd was put to vote and pre-
vailed yeas and no nays.
The following resolution was offer
ed by Mr.. Pearson, who moved its
adoption:
WHEREAS. The Town Of Keene in
the County Of Pine. State Of Mime
sofa in the year 1922 did legally make,