Custer chronicle. [volume] (Custer City, Black Hills, D.T. [S.D.]) 1880-1890, 1881-03-26
BOND AND TORSYTHE ANNExA-
TION BILLS.

Az there seems to be a number Of our
readers who have not read the Bond and
Forsythe annexation bills as passed by
the Fourteenth session of the legislature
assembly Of the territory, W. this week
publish them in full
BILL
For an Act Authorizing the County Of
Custer, d. r., to Issue Bonds for the
Purpose Of Building a Court House
and Jail, Opening County Road and
Funding Outstanding Indebtedness.
Be it enacted by the Legislature Assembly cf
Dakota Territory:
SEC. /. That the county commission
ers Of the county Of Custer, in the Terri
tory of Dakota, be empowered and are
hereby authorized to issue bonds of One
Thousand Dollar each, to the amount OF
Twenty Thousand Dollars, payable in
not exceeding ten years, for the purpose
of building a court house and Jail, open
ing new road from Custer to Battle
River, D. T., and funding outstanding
Indebtedness Of six thousand dollars
{$6,OOO.O COZ; which bonds shall draw in
terest from the date thereof, payable an
nually at a rate not exceeding eight per
cent. per annum. The bonds shall spec
ifv on their face the date, amount, for
what purpose issued, the time and place
of payment and rate Of interest shall
be printed or good paper, with coupons
attached for Zach years interest, and the
amount of each years interest shall be
placed in corresponding coupons, until
such bond shall become due; in a man
ner so as to have the last coupon fall due
the same time AS the bond. Said bond
and cupcn thereto attached shall be
severally signed by the chairman Of the
board Of county commissioners and at
tested by the clerk of said county said
bonds and interest to be made payable
at such place or places as said county
commissioners may designate in said
bonds.
SEC. 2. Said bonds may be issued in
satisfaction of the building of said cour
house and Jail, opening new road, and
funding the present outstanding indebt-
edness, or may be sold ut not less than
ninety cents on the dollar; and the
avails of such sales shall be used in pay
ment of the indebtedness incurred.
Sec. 3. The county commissioners Of
said county are hereby granted all the
needful authority to levy taxes from time
to time, not to exceed ten mills onthe tax
able property in said county, in addition
to the tax already allowed by law said
tax to be for the purpose of paving the
interest on said bonds promptly when
due; and for creating a sinking fund for
paying the principal Of said bonds when
due.
SEC. 4. It shall be the duty Of the
treasurer Of said county of Custer to col
lect the tax herein provided for in the
same manner, and to sell property when
the tax thereon is deliquent, as in other
cases as provided by law.
Size. 5. Nothing herein contained
shall be construed to authorize the is
suing Of such bomb, unless a majority of
all legal voters present and voting shall
vote in favor thereof, at a special cleo
ton Of legal voters of said county as
hereinbefore provided.
SEC. 8. The county commissioners of
said county are hereby authorized and
have all the neGdful power to call a spe-
cial election Of the legal voters of said
Custer county, to be held in the several
voting precincts Of said county, at any
time after the taking effect Of this law,
but shall first give notice ofsuch election
IN the same manner as 0 REQUIRED by
law for general elections, for the pur-
ysse of vStias upes tho QUESTION "s IL.