Griggs courier., 1889-02-15
TIL = G o u z IE r
EVERY FRIDAY EVENING
BY FRED'K. H. ADAMS.
House Bill No. 1876.


(Know as the ''Seed wheat'' bill, which
passed both Houses over the Govern
oi's veto and became law withou,
his appr0val-s50 copies ordered
printed by the House Feb. S, dss9.)
A BILL
For an Act Authorizing Counties to
Issue Bonds to Procure Seed Wheat
for Needy Farmers Resident Thereof.
Be 1t Enacted By the Legislative Assem-
5ly of the Territory of Dakota:
Sec. l. Whenever a number ofvoters
equal to one-third of the votes cast at
the last general election in any county.
shall petition to the board of county
commissioners of such county, asking
that said board proceed under the pro-
visions of this act, SAID board at any
meeting thereof duly called for that
purpose prior to the FIRST day of April.
1889, issue tire bonds of such county in
dollars for every one hundred votes cast
at the last general election therein: pro-
vided that the total amount of bonds
issued by any county under the pro.
visions of this act shall not exceed twen-
ty-five Thousand dollars, and shall be
in denomination of five hundred dollars
bearing date the first day of April, 1889,
with interest payable semi-annually, at
some place in the city of New York, in
the state of New York, to be specified
in said bonds, on the. first day of April
and October in each year, at rate 1T
interest not exceeding seven per cent.
per annum, running ten years, and
payable at the option of the county
after Ave years from the date thereof.
Sec. 2. Such bonds shall be executed
for the county and under the seal there.
OF by the chairman of the board of
county commissioners and shall be at
tested by the county auditor or county
clerk and shall be negotiated by said
board in the manner hereinafter pro-
vided.
Sec. 5. 1t shall be the duty of such
purchase of said bonds, after giving
no.lce for ten days in three newspapers
of general daily circulation published as
follows: One in the city of St. Paul in
the state of Minnesota: one in the city
of Bismarck in the Territory Of Dakota,
and one in the city where the bonds are
to be issued. and said bonds shall be
sold to the highest bidder for cash; pro-
vided. said bonds shall not be sold FOR
less than their par value; provided;
further, the SAID board may reject ali
bids and postpone the sale of said bonds
for time not exceeding twenty days.
Sec. 4. The proceeds arising from
the sale of said bonds shall be deposited
by the purchaser thereof in the treasury
Of the county, and shall be paid out
only on the order of the board OF county
commissioners.
Sec. S. 1t shall he the duty of said
board to require the county treasurer to
give further and additional bond. with
good and efficient suretles, IN sum to
be determined by said board before
SAID bonds are paid in to the treasury.
Said bonds shall be approved by said
board.
Sec. 6; For the purpose of prompt
payment of principal and interest of
the bonds herein provided for, there
shall be levied by the board of county
commissioners, at tue time the other
taxes are levied, such sums as shall be
sufficient to pay such interest and at
reasonable time prior to the maturity
Of said bonds in addition thereto, Il
fund tax shall be annually levied
sufficient to retire and pay said bonds
at their maturity, and 1t shall be the
duty of the county treasurer to pay
promptly on the first day Of April and
October III each year. such interests as
shall then be due, and to purchase said
bonds at not more than their par yalue.
and retire and cancel the same with
the sinking fund tax as fast as the same
shall be received, and no tax OF fund
provided for the payment of such bonds,
either principal or interest shall at any
time be used for any other purpose:
that the board of county
may deposit any
portion OF the sinking fund provided
for hereby in any national bank in tie
Territory of Dakota which shall furnish
10 the county a good and sufficient
bond, and receive interest on the same
which shall be credited to the sinking
fund itself. 1t shall be the duty of the
treasurer, when said bonds OF any
coupons attached thereto are paid, to
cancel the same by writing upon the
Sec. Z. Before the bonds are de-
livered to the purchaser they shall be
to the county treasurer, who
shall register them in the book to be
kept for that purpose, and known as
the bond register, in which register he
shall enter the number of each bond,
It's date, date Of maturity, amount, rate
IF interest, to whom and where pay.
able.
Sec. s. The fund arising from the
sale of said bonds shall be applied by
the said board to the purchase of seed
wheat for the residents of the county
who suffered partial or total loss of
,heir crops by frost. in the year 1883,
md who are unable to procure the
same; provided that not more than
)ne hundred and fifty bushels Of wheat
shall be furnished to any one person.
Sec. 8. The person receiving seed
wheat in accordance with this act shall
become indebted to the county
the seed in the amount
# the purchase price therefor, with
he cost of transportation and all
,ther expenses necessarily attendant
upon the carrying out Of the provisions
If this act, which total amount suall be
4 lieu upon the crop of such persons
and in favor of the county, in accord
ance with Chapter $50 of the General
Laws of the Territory of Dakota.
entitled IAN act creating liens on the
crops of persons buying seed on credit,
and providing the manner of filing and
the same. approved March
l1th, 1887" which is hereby made
applicable to counties furnishing seed
grain under the provisions of this act,