Askov American., 1942-01-22

DlStrlCt NO. Il OF Plne county, MIN
nesota, will pay to bearer at The
First National Bank of Saint Paul,
in the City of Saint Paul, Minneso-
ia, the sum of f---------DOLLARS
for interest then due on its Refund
ing Bond dated April l, 1912, No..
Chairman of School Board.
Attest
(4) Said bonds shall be prepared
under the direction of the Clerk and
when so prepared shall be executed
on behalf of the District by the sigma
ture of the Chairman of the School
Board, countersigned by the Treasur-
er and attested by the Clerk, and
sealed with the seal of said District,
and the interest coupons shall be
executed and authenticated by the
printed, engraved, or autographed
facsimile signature of said Chair
man and Clerk. The Clerk and Treas
urer of the District are hereby author
lied and directed to give notice of
call for the redemption on April J.,
1912, of each and all the outstanding
$42, 900 bonds of the District in the
manner prescribed in said bonds, and
the proceedings under which they
were issued. The Treasurer is here
by authorized and directed to deliver
said Refunding Bonds to the pur-
chaser thereof upon receipt of the
agreed purchase price on April l.,
1912, and to use the proceeds there
of to pay and redeem a like princi-
pal amount of the presently outstand-
ing bonds called for payment on that
date; provided, however, that the
Treasurer is hereby authorized to take
up, pay, and retire any of said pres
emily outstanding bonds upon their
surrender prior to April 1, 1912, and
to pay therefor the par value and
accrued interest on said old bonds
to the date of such payment, and the
Treasurer is hereby authorized to
issue and deliver to the purchaser
of the Refunding Bonds, like
amount of such Refunding Bonds
simultaneously with such payment Of
the old bonds.
(5) The officers of the District are
hereby authorized and directed to
prepare and furnish to the purchaser
of said bonds, and the attorneys ap-
proving the same, certified copies OF
all proceedings and records of the
District relating to said bonds and to
the bonds to be refunded 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, and such certified copies and
certificates shall be deemed repre-
sentations of the District as to the
facts stated therein.
(6) There is hereby created sink
ing fund for said Refunding Bonds,
which fund shall be held by the
Treasurer of the District and shall
be used for no other purpose than to
pay principal and interest on said
bonds; provided, however, that if any
payment of principal or interest shall
become due when there is not Suf-
ficient money in said fund to pay the
same, the Treasurer may pay such
principal or interest from the Gen.
eral Fund of the District, and such
fund shall be reimbursed for such ad-
vances out of the proceeds of taxes
herein levied. Into said fund shall
be paid all of the proceeds of the
taxes hereinafter levied.
CD There is hereby levied upon all
of the taxable property in the School
District direct, annual, irrepealable,
ad valorum tax which shall be spread
upon the tax rolls and collected with
and as part of other general taxes of
the District, which tax is in the years
and amounts as follows:
Year Total
1912 $4,000
1943 $500
1914 $500
1945 3,4OO
1946 $500
1947 5000