Custer chronicle. [volume] (Custer City, Black Hills, D.T. [S.D.]) 1880-1890, 1885-04-18

ing fund bona tax. as fast as the same IL
collected, they shall go into the market
Ind buy up such bonds and retire the
same; and such interest tax and sink
.ng fund bond tax shall not be used for
any other purpose provided, that no
than par value shall he paid for
said bonds. In retiring such bonds 1t
shalt lie the duty Of the county commis-
to advertise, for thirty days pre-
to the first day Of April in each
year, in the official paper of said county,
inviting holders Of such bonds to make
bids of the price in cash at which they
will sell their bonds to the county and
said board of county commissioners
shall buy such bonds SO offered 10 far
as the sinking fund bond tax in the
bands Of the county treasurer the first
day Of March will permit, at the lowest
price offered, not to exceed the par
value of the same.
Sec. D.. The said outstanding indebt
edness which shall exist OH the first day
Of April, shall be funded as herein pro-
vided. and any and all persons shall
have until the first day of January, 1886.
to bring in warrants in their possession
drawn on such funds and receive the
bonds rs before provided, and no
longer.
Sec. G.. The county commissioners Of
said county shall, at the first session of
their board after the passage of this act,
make such provisions al shall be nee
essary and proper for carrying out the
provisions of this act and such bonds
shall he either printed or autographed
in a w~orkinanlike manner, and shall be
executed by the chairman of the board
Of county commissioners of the county
aforesaid, and shall be under the seal of
the county and attested by the clerk
thereof, and shall be payable to the per-
son presenting such warrants or bearer.
Sec. z. When such warrants are SO
taken up and paid by the issue Of bonds
as herein provided, such warrants shall
be marked, paid by bond No. ......,'
[giving number Of bond1, and shall be
retained by the county treasurer until
his settlement with the county commits.
~sioners, and shall then be carefully
compared with the bond register, and il
found TO correspond Herewith, shall be
then destroyed and to facilitate settle
ment with such board, the county treas
urcr shall indorse upon each warrant sc
taken up and paid, the amount Of inter
| est allowed thereon.
Sec. g.. The county treasurer Of Gus
ter county shall provide himself with
book to be called the "bond register,
wherein he shall note the number o
bonds issued, the date when issued, tn,
party to whom issued, and the amour
Of the warrant, and the amount of inter
est thereon for which such bond wa
exchanged, and such other facts as b.
shall be required thereunto by tn
county COMMISSIONS and such registe
shall, Immediately after the first day o
January, 1886, be deposited with tn
county clerk, and shalt remain in hi
Office as a public record.
Sec. 8. The outstanding indebtedness
of said county, which shall exist on tn
first day Of April, 1885, only, shall b
funded, and ifjudgmcnt shall be render
ed against said county. or any Of tn
warrants herein mentioned, no tax shal
be levied to, pay such judgment for fv'
years from and after the rendition. O
the same, nor shall any execution be is
sued against the property Of the sail
Custer county on sail judgment for sale
five years from the date thereof.
Sec. 10. This act shall not in an,
manner authorize the funding Of am
Indebtedness Of said county alread,
funded, but shall authorize the fundin,
of any and all warrants, certificates, ant
all evidences of Indebtedness not here
tofore funded, and it is hereby made
the duty of the board of county commits
s%ioners of said county to pass upon OF
audit all certificates Of Indebtedness that
may exist against said county, on the
first day Of April, 1885, which said war.
rants when issued, shall be funded az
herein provided.
Sec. IL. Each and every violation OF
any of the provisions Of this act, shall
be held to be a misdemeanor.
Sec. IL. This act shall take effect and
be in force from and after its passage
and approval, and it amends, modifies
and repeats all acts and parts Of acts in
consistent with its provisions, so far only
as it is necessary to carry this act into
effect.
UNITED STATES OF AMERICAl
TERRITORY OF DAKOTA.
S~ECRETARY's OFFICE.
/. James II. Teller. Secretary of the