Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1890-04-18

Vlucu, dIu tllCICupUl luItIlCE proceedings
in connection with such distress shall cease
and the property returned to the owner
SEC. 8. The provisions of this act shall
apply to all companies, corporations or
persons running OR operating sleeping
cars In this state; provided, however, that
sl%eeping-cars owned and operated exclus-
III this state,, as q part of their railway
equipment, shall be exempt from the pro-
visions of this act. -.
SEC. g.. An emergency exists by reason
of the fact that there is now no law requir-
Ing railway sleeping car companies doing
business in this state to pay their just pro-
portion Of the state revenue, and it is neces,
and effect long prior to July L. 1890, and as
soon as practicable, therefor this act shall
be N force and effect from and after its
passage and approval.
Approved March 20, 1890.
AUTHORIZING FUNDING OF COUN-
TY DEFICIENCIES.
An Act Authorizing Counties to Fund Outstand-
ing Indebtedness, and Adjust Disputed Claims;
FIR the Payment of the Principal and Interest
thereof.
SECTION l. Each and every organized
county in this state is hereby authorized
and empowered by and through its board
OF county commissioners, or in counties
adopting the township supervisor plan,
through the chairman OF the several town
ship board and such others as may be by
law provided for Incorporated cities,
towns or villages, when in the Judgment of
said board it is deemed to [bel to the best
interests OF the county, to issue its negOtia-
BILE bonds IN the name of said county cor
poration, for the sole purpose of funding
or r%efunding the outstanding Indebtedness
OF such county, represented by the county
warrants, bonds or orders of such county:
or for the purpose of funding and paying
claims against such county which have
heretofore been disputed, but which may
have been or may hereafter be adjusted
and allowed by said board; or for the pur-
pose of paying any final judgment which
may have been rendered against such
county; provided, that the board in making
settlement of disputed claims shall not al.
low interest at a greater rate than Z per
cent. per annum; provided, however, no
county shall in any eventissue its bonds in
any amount. which with its prior bonded
Indebtedness will exceed the maximum in
debtedness allowed by law; and provided,
however, that the issuing Of new bonds in
lieu OF outstanding bonds or Indebtedness
shall not be considered as the creation of a
new debt.
SEC. 2. Whenever any disputed or liti-
gated claim shall have been adjusted and
determined by said board, an appeal may be
taken from said settlement in the manner
and within the time now allowed by law,
to the district u in and for said county;
n no bonds shall be issued as hereinafter
provided until the expiration Of the period
allowed by law within which said appeal
may be taken.
SEC. 8. Said bonds shall be in denomina-
ton OF not less than one hundred dollars,
nor more than n thousand dollars, shall
bear the date Of their issue. and shall be
made payable to the order of the purchaser,
in no mot less than five nor more than tif-
teen years from their date, and bear inter-
est not to exceed six per cent. per annum,
payable semi-annually, with cupons at.
tached for each interest installment;
said bonds and coupons shall be signed
by the chairman Of the board of
county commissioners, or the chair
case may be, and shall be attested by the
county clerk, or IN counties having an
auditor, by the county auditor. The seal
OF the county shall be affixed to each bond,
but not to the coupons. Said bonds shall
be printed, Autographed, or engraved on
good bond paper, and each bond shall
state on its face that it is issued in accord
sembly of the state of North Dakota.
entitled ian act authorizing counties to
fund outstanding indebtedness, and adjust
disputed claims; to issue and dispose of
bonds, and to provide for the payment of
the principal and interest thereof" ap-
proved go 1890, (here insert date Of ap-
proVai OF TINS act, and a copy of this act
snail pc printed on the back of each hond.
Said bonds may be made payable n
where in the United States.
SEGA. Said bonds may be exchanged
at par value for al equal amount of in
debtedness of said county with the holder
OF such Indebtedness, whether evinced by
the county warrants, bonds or orders,
Judgment or adjusted claim; or said bonds
par value, and the proceeds applied solely
to the payment of the indebtedness for
which they were issued. A record of each
bond so issued shall be kept by the county
treasurer showing the number of each
bond so issued, its date, amount, rate of
interest, when and where payable, the
amount received therefor, to whom sold,
and it shall be the duty of the county
clerk or auditor to keep duplicate &C.
count of the same.
SEC. 5. The board of county commits
sloners or county board, as the case may
be, shall levy each year upoD the taxable
property OF The county a sufficient tax to
pay the interest on said bonds as the same
- AOooOIoUlC tlLl0 UCIUTo ina.
turlty q sufficient tax to provide a sinking
Y for the payment of the bonds when
the mature.
Sec. g.. When said bonds and the cor-
pons thereto attached mature, it shall be
the duty of the county treasurer to nav
the same on presentation, out of any funds
in his hands applicable thereto; and he
shall then cancel them by writing or
stamping across the face Of each coupon
or bond the words: Paid this .,.... dav
f..:;.... Inserting the date of the pay
ment).
SECT !. The county treasurer shall be
allowed a commission of one-fourth OF
one per cent. on the face value of said
bonds for receiving and discussing ali
funds arising from the sale or exchange of
said bonds, and the commission herein
provided for shall be in lieu of ali other
commissions allowed by law, and shall be
paid into the salary fund and be disposed
SEC. 8. Bonds issued in substantial con-
formity with this act shall in law be
deemed negotiable.
SEC. 9. That chapter 10 of the session
laws OF 1881 and all acts and parts Of acts in
conflict with this act are hereby repealed.
Approved March II, 1890.
BRANDS AND EARMARKS.
An Act Entitled, IAN Act Relating to tho use of
Brands and Earmarks on Domestic AnlmaIa
and ISva 2tnCkGonI Ron.nz-f