Askov American. [volume] (Askov, Pine County, Minn.) 1914-current, 1943-02-18
'PROCEEDINCS0F
COUNTY BOARD
Official Minutes From
Commissioners Meeting
Held in Pine City.

4. A n. rev.
The County Board met this day pur-
suant to adjournment All members
present. Chairman Hollis Laid caileo
the meeting to order.
Resolved. on motion, unanimously
carried, to appropriate the sum OF
$4,000 from the General Revenue Funa
10 the County Attorneys Contingent
Fund, and the County Auditor was
directed to make such transfer on the
books of his office.
Resolved, on motion unanimously
carried, to appropriate $lO0OW from
the General Revenue Fund to the IN
cidental Expense Fund, and the Coun-
ty Auditor was directed to make such
transfer on the books of his Office.
Bond was presented by the Pine
Poker-Pioneer in the sum OF S2oVo.UO
for legal publication in 1943 was on
motion, carried approved
Bond. as presented by the American
Publishing Company, in the sum OF
$4,000 for publishing the second pup,
lication of the Auditors FINANCIAL
Statement was approved and on mo-
ton carried.
The following resolution was unan-
imously adopted:
Resolved, that we oppose the pas
sage of the Bill II. F. 2l1, or any otner
legislation further financially encum-
herring the county and that the auditor
be instructed to send copies OF this
resolution to the members OF the legls-
lature from this district.
In accordance with Chapter 976, Ma
sons Minnesota Statutes, the lolioW,.
ing officers filed their reports which
were on motion, duly carried, ordered
placed on file.
J.. E. Therrien, County Auditor
Frank Poferl County Treasurer
Robert Wilcox, Judge OF PROBATE
Albert Johnson, County Attorney
Hannes Rypkema, Sheriff.
VIM. Mista, Clerk of Court.
r. L. Hamlin, Register OF DEEDS
p. L. Hamlin, Registrar OF Titles.
Arthur E. Gustafson, Supt. OF ociioois
+. p Gottry. Coroner.
W. G. Ausmus. County Commission
er. Second District. go,
Magnus Christensen, county Coh-
missioner. Third District.
Hollis Laid. County Commissioner
Fourth District.
Harry Gebhardt. County Conllhls-
sioner, Fifth District.
Commissioner Ausmus offered 1.-THE the
following resolution Whlch was uiiai-
imously adopted:
Resolved, that we set aside the full
amount of State Aid Funds received
for State Aid Roads for maintenance
and hereby request the State HlsnWay
Commissioner to approve SAID ACTION
Commissioner Pearson son, offered Itas ado 5ae
following resolution WHICH was auop''
ed unanimously:
Resolved. that the County Auditor
ne instructed to transfer the balance
Of State Aid Construction Funds tc
the 1943 State Aid maintenance.
The Financial Statement of the
County for the year 1912 was present,
ed by the County Auditor and was s
ordered printed in accordance WIFI
law.
Commissioner Pearson introduced the
following resolution and moved it:
adoption:
WHEREAS, Pine County has out
standing 100000 $50 Road and Bri6gs
Funding Bonds, dated july S,, l. . IsiS
WHEREAS, the county will be un
able to pay said bonds at maturity
and il will be necessary to refund INT
same; and
WHEREAS, it is advisable to ar
range for the refundlng OF sado Sonu
Iage of present favorable interest rates
and
WHEREAS, this Board at its Janu
ary meeting entered into contrac
with First National Bank OF MinneaP
TO act as fiscal agent in procuring tn
Exchange of said outstanding bonds 10
new bonds bearing interest at the rat
of $50 per annum to July l. 1874 an
at the rate of 2A% thereafter 10 lid
turity;
NOW. THEREFORE, BE 1T RE
SOLVED by the Board of County Com
missioners of Pine County, Minnesota
as follows:
I. It is hereby determined that
is necessary and sxpedient 10 10 G lsSn
~ to- be exchanged for the outstandin
bonds herein above described IN =. az s.e
cordance with a contract with Firs
National Bank of Minneapolis, date
January 5, 1943.
le43 shall be 100 in number and nun
bered / to 100, both. INCLUSIVE, eac
in the denomination of $1,000, all date
January 1. 1913. bearing interest
the rate of $50 per annum to July
num thereafter to maturity, all intere:
payable semi-annually on January
and July 1 in each year, the intere:
due July l, 1A3. and January ! an an
July /, 1914, to be represented by Nv
sets Of interest coupons, one in Il
amount of S13.75 and the other in TT
mount of SLIPS Said bonds sha
mature serially on July IN me yea
of the years 1915 to 1913, both incl,
sive. and $4,000 in each of the veal
i949 to 1856, both inclusive. all witho,
option of prior payment; Both Pm
First National Bank of Minneapoll
and the County shall pay the reason
able charges of such paying agent.
8. The said bonds shall be in sui
stantially the following form:
THE UNITED STATES OF AMER1C
STATE OF MINNESOTA
COUNTY OF PINE
REFUNDING BOND OF 1943
Know ALL MEN BY THESE PR
SENTS that Pine County, Minnesot
hereby acknowledges itself to be i
debted and for value received promiS
to pay to the bearer the sum OF ON
THOUSAND DOLLARS on the LIST az
Of July f1S tb and date to R Reyyeof 'e un
paid at the rate Of five 90 per ce
Der annum to July /, 1914, and at g
rate of two and three-quarters (2s
per cent per annum thereafter to m
turity., payable semi-annuaily OF, on = =
of July in each year, interest 70 m
furity payable in accordance with al
upon presentation and surrender
the interest coupons hereto attach
as they. severally become due. Bo
able at First National Bank Of Mi
neapolis, Minneapolis. Minnesota, y.
any coin or currency of the Unit
States of America which on the da
of payment is legal tender for pub
and private debts, and f for r the he,Ipn prom n
interest as the same become due, t
full faith, credit and taxing powers
the County have been and are here
irrevocably pledged.
This bond Is one of an issue of bon
IN the o aggregafes tie pdats and tenor
cont of To maturity all issued by Sc