Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1894-07-06

fund available for the purpose of paying
the said bonds is the sum of seven thou.
a nine hundred and fifty dollars (S7,.
$500 and it is deemed to be the best interest
OF the county to issue refunding bonds as
hereinafter provided with the proceeds of
which to retire and pay so much of said
matured Indebtedness as the sinking fund
will no provide for. Now, therefore be if
RESOLVED By the board of county com.
missioners of the county of Burleigh, in
the state of North Dakota, that pursuant to
law and especially with reference to the
provisions of Chapter 80, of the acts of the
first session Of the legislative assembly of
the state Of North Dakota. this board pro.
coed to and do issue the negotiable bonds
OF said county in the aggregate sum Of
twenty thousand dollars ($2O,OO0 the pro.
ceeds of sale to be used for the sole pur-
pose OF retiring a like amount OF said out.
standing bonds which are now due. The
said bonds to be in denominations of one
thousand dollars Isl 10000 each, and to bear
date July 2 1894, to mature July /, 1914, to
bear interest at the rate of 6 per cent. per
annum, payable semi-annualIy on the first
days OF January and July of each wear,
Principal and interest to be made PAYABLE
at the Chase National bank, in the city of
New York. The bonds to be made paw
able to the purchaser or order and to be
numbered consecutively from 21O upwards,
and the proper officers OF said county, to.
wit: The chairman of this board and the
county auditor are hereby authorized and
to execute said bonds in proper form, and
when SO executed to deliver them to the
county treasurer, and said treasurer is
hprAhV 0irlatp6 RI 1olivor oo;J Io,,l. a.
the purchaser or order on full payment
being made therefor, and only upon con
dition that a like amount Of the outstand-
ing matured bonds be surrendered and
Cancelled at the same time the bonds pro-
vlded Tor by this resolution are issued and
delivered. That in the execution of said
bonds and coupons, said officers are hereby
authorized to have their signatures to the
coupons Autographed; and be it further
RESOLVED, That in each of the herein
after mentioned years there shall be levied
and ASSESSED on the taxable property within
said county the sums respectively as fol-
lows: For the year 1894, the sum of four
teen hundred dollars ($1.4OO.) For each
of the years 1895 to 1908 inclusive, the sum
Of fourteen hundred dollars (S1,40O.) For
each of the years 1909 to 1918 inclusive, the
sum of five thousand four hundred
dollars ($5,400) for the purpose OF
paying the principal and interest
of the bonds issued under this
resolution. Said sums so levied being
sufficient to pay the interest on said bonds
as it falls due, and also to pay and dis.
charge the principal thereof, as the same
shall fall due, and the county auditor, the
clerk of this board is hereby directed in
the year 1894, and each of the years there.
after until the year 1918, to include the
amount required by this resolution to be
raised by taxes in each of said years re.
spectively, in the amount of the total
county tax, and be it further
RESOLVED, That a contract of sale OF
said bonds having been made by this
board with F. r. Fulton & Co, of Grand
Forks, North Dakota, the bid made by said
firm being the highest and best bid made
and not less than par, said bonds shall, al
the request of said F. r. Fulton & Co, be
made payable to G. G. Gowan, or order,
and the county treasurer is hereby directed
to deliver to said F. r. Fulton & Co.. or or.
der, the said bonds, properly executed upon
full payment being made therefor
Provided, however, That no new bonds
be issued and delivered until a like amount
OF the matured bonds are Cancelled and
surrendered to the county treasurer. which
resolution was adopted unanimously.
Adjourned to 3 p. m, July 3, 1894.
G. D. EDIcK,
County Auditor.