The Black Hills union. [volume] (Rapid City, Pennington County, Dakota [S.D.]) 1889-1904, 1892-03-04
noard of county commissioner.


the Auditor to send an official petition to the
surveyor general at Huron for the survey OF
Township No. range No 10 E. B, II. M.
One half the taxes on Rogers and Orrs
land on lower Box Elder was rcbated for the
year 1883. Also the penalty and interest npon
the personal tax ofFred Holcomb, as agent
for the year 1850. The assessed valuation OF
lots 10 and II in block three Hill City, be-
longing to r. ]. Truax was reduced from
| $500 to S7e Mr.. Truax also had the valua-
ton of the old Tommy Smith place three miles
teast Of town put on basis with surrounding
property. / was reduced from $1,000 to
$500.
The board then proceeded to canvas bids
for the funding of $4,000 Of county bonds,
i'll reference to which the following resolution
had been adopted:
Resolved, That in the judgment OF the
!; boar, il is deemed to be to the best Interest
of Pennington county to issue its negotiable
! bonds in the name of the county corporation
pose of funding the outstanding Indebtedness
which exists against such county, and be it
further
Resolved, That twenty negotiable bonds,
each for the sum of one thousand dollars,
and bearing interest at the rate of six per
cent per annrm payable semi-annualy, on the
C. \ aG S,G ,1,
year until the maturity Of said bonds with
coupons attached for each interest pay
ment, be issued in the name of the said county
corporation for the sole purpose of funding
outstanding Indebtedness existing against
said county to the amount of $4,000 at this
date: said Bonds to be dated March Ist, 1892,
ard to become due fifteen years from date
hereof; and that the chairman of the board Of
county commissioners be and he hereby is
| directed and authorized to sign each OF said
| bonds and the coupons thereto annexed as
such chairman for and on behalf of said coun-
| ty and that the county auditor OF said county
| be and he hereby is directed and authorized
toattest each of the said bonds ana the cou-
pons thereto annexed as such county auditor
for and on behalf of sad county, and that the
| said auditor affix the saal of said county to
each Of said bonds but not to the said cou-
pons; and that said bonds and each Of them
be made payable to bearer, and that said
bonds and said coupons be issued and execut-
ed in accordance with the strict compliance
with an act Of the legislative assembly Of the
Territory of Dakota, now state of South
Dakota, entitled "An act authorizing and en-
powering organized counties of Dakota Terri
tory to issue and dispose Of bonds, provide
funds for outstanding Indebtedness, and to
provide for the payment of principal and in
terest thereof" Approved March I, 1857,
being chapter 10 Of the session laws Of Da-
kota territory for the year 1857; and in ac-
cordance and strict compliance with the fol-
lowing act amendatory thereof entitled "An
act TO amend section I, Of chapter I3, Of the
laws Of 1887, being section 6oo, Of the COM
! piled laws Of Dakota, authorizing counties to
fund their outstanding Indebtedness" approved
1 March 1, 1890, being chapter 90 OF the ses-
sion laws Of the state Of South Dakota for the
/ year 1890; and that said bonds and coupons
be executed and issued strictly and solely for
the purposes and objects and in the manner in
said act specified and described"
Richard G. Lake, for the First national
bank offered par less commission Of one
and a half percent. VS.. Peterson for the
Lakota bank bid Io2 less a commission Of FIVE
per cent. The board unanimously accepted
Nh, axes bid
The auditor was instructed to advertise for
4 bids for the lining Of the Jail in accordance
Z with the recommendation Of the grand jury.
Il The lining to be Of iron or steel ss .i2ss
4 The board then adjourned a,