Devils Lake inter-ocean. (Devils Lake, Ramsey Co., Dakota [N.D.]) 1884-1905, 1889-02-16
NEW SEED WHEAT BILL.


NEW SERD WHEAT BILL.
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II IN n l.aw-Hou "a Mate ~
~
Operative.
Following 10 the full text Of the seed
wheat bill which h.. inst been en.cted
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Section l. Whenever q number Of
voters equal to ono. o.thirtl OF the votes
east At the hast general elertion9 in any
county, shall petition to the board Of
county commissioners OF such county.
asking that said board proceed under
the provisions Of this act, said board
may at meeting thereof duly called for
that purpose prior to the frst DAY of
April. lsso. issus tho bonds OF such
thousand dollars Tor each ono hundred
votss cast at tho last general election;
therein; provided that the total amount
Of bonds issued hy any county under tho
provisions OF this act shAll not exceed
twenty. tive Thousand dollars, and shall
b. IN dsnominati0ns Of dive hundred
dollass bearing dato the 0rst day Of
April, 1850. with interest payable semi
annually. ct some place In the city Of
=
be specified In said bonds. OH the tirst
day of April and October In each year, Ut
. rate Of Interest not exceeding seven
Der cont per annum, running ten ) ears,
and payable at the option of tho county
after ave vears from the date thereof.
Soc. 2. Such bonds shall be executed
for the county and under the seal there.
Of the chairman Of the board Of county
commissioners and shall be sttested by
fhA mi, NJ - audltnv ~, <n.,,,H,, nlo.l. .nI
shall bo negotiated by sald board In the
manner hereinafter provided.
Sec. 3. It shall be the duty Of such
board to receive sealed proposals. for the
purchase OF said bonds, after giving
notice for ten days in three newspapers
o. general daily circulation published -
follows: One tn the cttv Of st. Paul in
the state OF Minnesota; one In the city Of
Bismarck In tho territory OF Dakota, and
one IN the county where the bonds are
10 % issued. ana said bonds shall be
sold to tho highest bidder for cash; pro.
yided. said bonds shall not bo sold for
less than their par value; provided, fur.
thor. the said board may reject all bids
and postpone the sale of said bonds for
time not exceedidg twenty days.
Sec. 4. The proceeds arising from the
sale Of said bonds shall be deposited by
tho purchaser thereof in the treasury Of
on the order OF tho board OF county
commissioners.
Sec. s 1t shall ba the duty OF said
board to require the county treasurer to
give q further and additional bond, with
good and sufficient sureties, In . sum
to be determined by said board before
said bonds are paid into tho treasury.
Said bonds shall bc approved b7 said
| board.
Sec. 8. For the purpose OF prompt
payment of principal ard interest Of the
bonds herein provided for, there shall
l,o levieh by tie board OF county com
! MiSsiuhers, ut the time tho other taxes
are levied, such sums rs shall be snr-
ticient To pay sucl, interest and ut reason .
! able tin,c prior to the maturity of said
bonds in addition thereto, u sinking
| fund tax shall 10 annually levied
/ Isntiicient to retire and pay .al,l hDndA at
their maturity. ana It shali be tho duty
nf the county treasurer to pay promptly
on lbe tirst days oi Aprit ani '0..toiIer II,
each year. such interest ~ shall then be
due. and to purchase said bonds at no!
mere than their par value, and retire
All cai eel the same with the sinking
fund tax ~ fast as the same shall he re.
c-ived. and no tax or fund provided fn,
the payment of such bu,,ds, either pri,.
cipnl or interest shall at any timo l,e
1
thar the hoard of county commissioners
may drp''sit any portion of the sinking
fnmi provide for her.t,!y in any nmtin.l-
nj bank IN the Territory " OAk"t. whicl,
>ha,t furnish to tho county good and
nuttirient bond, and receive interest O,,
the same which shall be credited TO the
sinking fund itself. 1t shalt lie tho duty
ut tue treasurer. when said bnm'ls or any
copuon attached thereto are paid. to can
L IN RI In tsUk
thereof the date Of payment.
Sec. 7. Before the bonds arc deliv'
cred tv the purchaser they shall be pro
sented to tho county treasurer, who
shall register. them III book to be KEEP
for that purpose, aud known as tho bono
reKister. in which register he shall emteI
ths number Of each bond, Its date. dat.
whom aud where payable.
Sec. 8. The fund arising from the sal,
of said bonds shall be applied hy tn,
said board u the purchase of seed whea
tor residents Of the county who suffered
partial or total loss Of their crops b,
frost, In the year 1888, and who arc un
able TO procure the same: provided tha
not moro that ono hundred and M,
bushels Of wheat shall bo Furnished t
Sec. Q. The person receiving seet
wheat In accordance with this act shal
become indebted to the county furnish
|, | ing the seed In the amount Of the pur
chase price therefor. with the cost q
transportation and ali other expense
necessarily attendant upon the carrying
| out Of the provisions of this act. wh,c
total amount shall be q lien upon tn
crop of such neraon and in favor of IN
county. in accordance with Chapter IL
lof the General Lava OF the Territory q
lDakota. entitled "An act creatinu lien
lon the crops Of persons buvin9 seed o.
cradit. and provifiinr the manner q