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National Bank Notes > North Dakota

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Makoti, First NB, 11184
Fr. 606 $5 1902PB
Grade: PMG Fine 12 Net    

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This 'new to the census' note is basically identical to the other $5 listed here. Net graded for minor rust; I'm not convinced it's just a minor stain. Pen signatures of the officers are not legible to us. PMG notes: rust. Makoti is located in Ward County, in the Minot metro area; the population was 154 at the 2010 census. The name was coined by townsite promoter Edward Kamrud from maakoti, a Mandan Indian word meaning largest of the earthen lodges. Edward Kamrud was the leader of a group of men who had visions of a town near the Fort Berthold Reservation. On July 12, 1911, the village of Makoti was platted and lots at the townsite were sold. The village incorporated in 1916, reaching a peak population of 276 in 1930. Makoti erected a municipal light plant in 1921 which supplied electricity to the residents. At first it supplied power only certain forenoons and until eleven o'clock at night which 2 blinks meant "No more lights tonight." By 1925 it was operating all night. Clarence Schenfisch organized the first Makoti Threshing Show in 1961, and that event has become a popular annual attraction for people throughout North Dakota.

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