Union County courier. [volume] (Elk Point, Union County, D.T. [S.D.]) 187?-1913, 1879-02-19

ACrro RUND TnE I'M.
DnnrEDA m "
u ssts1 " ~ L4piaas;s Assna5s,
~ 1sssassy y Dassta:
NC !. That The outstanding indcbt.
eiaesso az shs county If Union Of this
rsrfiory, shall b. funded = herein pro-
yi1ud
80 I. That tho cosnty commission.
ers NJ said cmansv, 90 aud After tho nrst
ny of July. 1878, shall have the author
~. and II n hereby made sheir duty 70
proviIs that whatever warrants drawn
upon the different funds shall b. pre-
septsd 70 the county treasurer Of said
cosnsx n aums Of iiY. oas hnrdred Or
~ haatafsd doliars, M ME purpose Of
heiss Rsdsd, ihat .nch warrants shall
be tazsss Up. tbs intersst thereon calcnIa
- 70 the mid hrst day Of July. 1879.
ana III lisu thereof; and in payment Of
said warrants the bonds Of said county,
bearing date the 6rst day Of July, 1879.
with interest coupons attached. 1t the
rats Of ten per esut. per annum, said
~interest "a b paid semi.annually, be is
sued and made payable ct the county
~tressurer's Office Ut said county, to the
holders Of such warrants, il denomina-
~. w.. ML
tions Of ffty. ous hundred or five hun
dred dollars, ~ shall be Designated by
the person presenting them.
SEC. s.. It shall be the duty Of the
county comm toner's Of said county
70 levy and collect annually a tax in cash
sufficient to pay the interest on such
bonds. and after Ave years they shall levy
III collect. in addition thereto, an annual
sinking fund bond tax sufficient to pay
the principsi Of such bonds " tho time
the ame shall become due and payable,
and with such sinking fpsd bond tax, as
fat q the sAme IL collected. they shall
90 into the market aud buy up such
bonds and retire the same, and such
interest tax and such sinking fund bond
tax shall be Ssed for no other purpose
Whatsoever.
Enc. 4. The outstanding Indebtedness
which shall exist IN the first day Of July
1879, only shalt DO funded, and warrants
issued by said county shall not, after the
fnt day Of March, 1879, be n ken by the
county Treasurer for taxes or licenses, aud
n judgment shall be rendered against
raid cpunty on any Of the warrants
mentioned herein. no tax shall be levied
n pay said judgment for five years after
the rendstinn Of the same, nor shall any
execution b. issued against the property
Of said county o. aid judgment for five
years.
eEcs4. That1xfd bonds shall be- print
ed, and shall DO executed by the chair
man Of the board Of county commissioners
shall be under the seal Of the county and
sttested By the clerk, and payable to the
order Of the person presenting the
wnrrknt.
SIC. 8. When such warrants are
taken up and paid by the issue Of bonds
such warrants shalt be marked. Pad by
bond No." Citing the number of the
bond, and shall he retained by the county
treasurer until his settlement with the
county commissioners; shall then be
csisfuily compared with the bond register
and If found 10 correspond herewith
shall be then destroyed, and to facilitate
with such board the county
treasurer shalt endorse upon each warrant
up and paid tho amount Of interest
allowed thereon.
SEC. I. The county Treasurer of said
shall provide himself with a book
to be called the bond register, wherein
lie shall note the Number OF each bon
the date when Issued, the party to whom
and the amount Of the warrant,
and the amount of interest thereon, for
which said bond was exchanged. and
such either fasts AZ be shall be required
by the county commissioners.
SEc s. The county commissioners of
said county shall hold a special meeting
on the last Monday Of June. 1879. in
said county, at which meeting they shall
warrants for all accounts then due
said county, and said warrants
may be bonded ulder the provisions of
this act, and after the lust Wednesday in
June, 1870, the warrants issued by said
commissioners shall not bear interest or
be taken for taxes. and no warrant shall
be drawn on the county treasurer unless
there is money in the treasury to pay the
same.
SIC. o. The county clerk Of said
county shall keep q record of all accounts
allowed and audited By said commission
ers, and said accounts shall be paid in
the order in which they are allowed by
said commissioners, ard said accounts
shall be paid N the order in which they
are allowed BY the board Of commission
err.
SIC. 10. This act shall take .ffs.s and
be In force fram and after its approval.
Approved Feb. t4ti,. 1879.