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National Bank Notes > North Dakota

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Makoti, First NB, 11184
Fr. 606 $5 1902PB
Grade: PMG Ch. Fine 15    

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This Ward County bank was chartered in May 1918 and issued 8,089 sheets of 1902 $5 Plain Backs. This note, and the other listed here, are new to the census and now there are five large notes reported. Excellent pen signatures of the vice president and assistant cashier. 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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