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