08-04-1919 VCM
VILLAGE OF ELK RIVER COUNCIL MEETING
August 4, 1919
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A Special meeting of the Village Council was held at the Court House on Monday, August 4 the
following members were present
J.H. Virgin, President
Bert Carr, Trustee
Wm Norval, Clerk
Absent: E.J. Keegan
This meeting was called for the purpose of selling the Village bonds as per notice published in the
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Sherburne Co Star News on the 17 and 24 day of July 1919 two weeks being the time given by law
for publication of said notice instead of three weeks as called for in the resolution on date of sale of
bonds.
The time three weeks being an error.
Meeting called to order by the president at 10:30 A.M. The sale of Village Bonds was called at 11
o’clock A.M. the President called for sealed bids. There being one bid received by mail from the
Harris Trust and saving bank of Chicago, their bid was on par on the two issues of $8000.00 and
$32,000 and a premium of $24.00 on the whole amt. The Wells-Dickey Co of Minneapolis, Minn
sealed bid was as follows.
They would bid par value and accrued interest from date of bonds to date of sale or delivery of the
bonds and in addition thereto a cash premium of four hundred ($400.00) dollars on the entire issue.
They also presented certified checks in the sum of four thousand dollars ($4000.00) as per notice
published. On motion of Bert Carr trustee and seconded by the President and carried that the bid of
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the Wells Dickey Co be accepted as per Resolution filed with the Village Clerk on the 4 day of
August 1919. Moved seconded and carried that the clerk return the certified check received from the
Harris Trust and saving bank of Chicago in their sealed bid on said bonds.
Mr. Frank Horn and Mr. V.W. Brewer Both representeives from the Wells Dickey Co presented the
certified checks to L.K. Houlton Treasurer amounting to the sum of four thousand dollars
($4000.00) to be applied to the credit of the $8.000.00 funding bonds and that the balance of
$4000.00 as well as the $400.00 premium paid on the bonds would be forwarded from the city. Mr.
Houlton the treasurer agreed to this proposition and the council approved the same.
It was further agreed that the Village Bonds themselves be delivered to the said representatives of
Wells and Dickey Co on their giving a receipt for the same. Mr. Horn giving receipt for the bonds to
the treasurer the same were then delivered to Mr. Brewer one of the Representatives.
Motion by Bert Carr and seconded by the Pre. That the clerk issue a warrant to the Waterous Fire
Engine Co of St. Paul Minn for the sum of $993.72 being balance due them on the fire engine
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purchased on Aug 11 1916 as per their statement received Aug 7 1919.
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Warrant No. 1784 was duly forwarded to them on Aug 8 1919
No further business
Meeting adjourned
Wm Norval, Clerk