Fairhaven herald. [volume] (Fairhaven, Wash.) 1890-????, 1892-02-02
rvr ooINrY COMMISSIONERS
Oficial Proceedings OF the Whatcoin
County Board-Noyember Session
1S9l-1Se2
CONTINUED


Tuesday, January Goth, 1892, pursuant Fl
TO adjournment, with all members y
and the clerk present.
ordered. that w. II. Bracket be al o
lowed an order, drawn on the county
fund, for the sum of ST., in payment
for burial of one w. r. Bellville,
In The matter Of the Whatcom /,
county funding bonds, the following
resolutions were approved and ordered
spread upon the minutes to-wit;
RESOLUTION NO.
In the matter of the first years in
terest on the 100000 funding bonds,
dated December |, 1891, said hrst inter
est being due December !, 1877, be II
Resolved, That the amount OF $l2,UO
be and is hereby Appropriated from I.s
county fund for the payment oil saiu
interest
WHEREAS. In the matter of the
5000 600 funding bonds of Whatcom
county sold on the 2nd day of Deem,
her 1881, to Il. III. Rollins Sons, oil
Denver, Colorado, it appears that the
resolutions passed November 81 1871,
and January IS, 1892, each ordering
the issuance Of the bonds ana giving
fun details Of the issuance and form OF
bonds are both defective IN certain
essential points, be it
Resolved, Therefore, that each OF the
resolutions above referred to, viz, those
of November 30, 1891, and OF January
rs. 1892. be and the same are hereby
repealed.
WHEREAS. There are now outstand
ing the legally issued and valid wan
ANTS of the county Of Whateom'
amounting in the aggregate to S2oO,ooo'
and ...
I WHEREAS, 1t is deemed by this
hoard TO be to the best interests oil tne
county that bonds of said county be
issued for the purpose of funding sald
warrants, therefore be it
Resolved, That there be issued IN
accordance and in strict compliance
with am act of the legislature OF the
state of Washington, entitled IAN ac'
authorizing and empowering the organ
ized counties of the state OF Washing
ION To contract indebtedness, to ISSUE
bonds for funding the same and de
claring an emergency" approVe'
March q. 1890, two hundred funding
bonds of Whatcom county for the sun
of 81 900 each, numbered from one U
\ two hundred, both inclusive, date
December |, 1891, and maturing lie
cember 1, 1911, redeemable, however
at the option o. said county aIte
= interest of said bonds to be payable i
AIegally coined gold money of tn
limited States of America, of or equiva
lent to the present standard of weigh
and fineness. said bonds shall be
the following form:
ITnited States of America, No. -
100 state of Washington; $1,000; Wha
com county; Gold funding bond.
The county of Whatcom, in the sta
of Washington acknowledges itself
g. \ owe. and for value received promis
10 pay to bearer, the sum OF one tho
~ sand dollars in legally coli ed go
8&noney of the United states oil Amerl
,f an equivalent TO the present stan
a. ,rd of weight and fineness on the
Law of December, a. ID. 1911, or at al
inc before said date after the eXpir
ION of ten wears from the date heres
AT the option Of said county, togeth
Ywith interest ON said sum from I
date hereof at the rate of six per eel
Ger annum, payable annually on
Is day of December I'm each year
gold coin as evidenced by a
IN the presentation and surrender
- ne annexed interest coupons AZ VI
respectively mature.
Both principal and interest OF I
bond are hereby made payable at
Chemical National Bank In the {
and state of New York.
This bond is one of series OF
hundred of like tenor, date aud amou
numbered from one to two hundr
both inclusive, and amounting in
aggregate to the sum Of two hund
thousand dollars, issued by said cou
of WhatcOm for the purpose OF iund
the outstanding Indebtedness OF !
countv. pursuant to a resolution OF
hoard OF county commissioners,
in accordance and in strict complia
with an act of the legislature OF
state of Washington, entitled AN
authorizing and empowering the
ganized counties of the state OF Wa
ington to contract Indebtedness an
issue bonds for funding the same
declaring an emergency Appro
March Dist, 1890.
And il is hereby certified and rec
that all acts, conditions and things
oriired 80 be done precedent TO ancc
ne isstrng of said bonds, have
pr operly done, happened and been
toirnled in regular and due form as
ouired bv law, and the indebted
which Is funded by this series of b'
Is a valid. subsisting and legal OBJ
ton of sid county and that neither
Indebtedness so funded nor this $
of bonds exceeds the statutory or
stitutional Limitation.
In testimony whereof the count
Whatcoin has caused this bond 7
signed by the chairman OF It's boar
county commissioners and atteste'
~ 6 I'D ~ At