Griggs courier. (Cooperstown, Griggs Co., Dak. [N.D.]) 1885-1902, 1894-03-02
PRO-
CEEDINGS.

At an adjourned session of regular |
meeting of the board of county commits.
sioners of Griggs county, North Dako-
ta. held Oh the 9th day of February,
1894. present Commissioner Joseph
Buchheit, chairman of the board of
county commissioners, aud commits
! sioners Rollin e. Cooper, Neils Hem.
mingsen, William Sandy and Andrew
Torfn, and H. Arestad, county audi
tor, the following proceedings were
had:
Mr. II. c. Cooper introduced the fol-
lowing resolution and moved its adop.
ton;
Whereas, the county Of Griggs is in.
debted in the sum of thirty thousand
dollars (s3O000) represented by out
standing courthouse and Jail bonds is.
sued in 1888, an option of payment of
which now exists in favor of said coun.
ty, and
Whereas, the bonds of said county
drawing 4 lower rate of interest than
said outstanding bonds can now be sold
at :, premium, 1t is deemed to be toAthe
best interests of this county TO issue new
rrfundipg bonds as hereinafter provid-
ed, with which to retire and pay the
courthouse and Jail bonds mentioned.
Therefore, Be it resolved by the board
of county commissioners of the county
lnf ( t,i,r. ~, thn Stntn ,f NArtt, Nat, ~,
that pursuant to law and especially
with reference to the provisions of
Chapter 30 of the acts of the first SESSION
of the Legislative assembly of the State
of North Dakota, this board proceed to
and do issue the negotiable bonds of
said county in the aggregate sum OF
thirty thousand dollars (S3J, ,00o), the
proceeds OF sale to be used tor the sole
purpose of refunding like amount of
courthouse and Jail bonds which are
now payable and at an option of the
county.
The said bonds to be IN denomina-
tioms of one thousand: dollars each and
to bear date March /, 1891, to mature
March, 1914; to bear interest ut the rate
Of six per cent. payable semi annually
ON the first days of March and Septem-
Der each year. Principal and interest to
be made payable at the Chase National
Bank in the City of New York. The
bonds to be made payable to the pur.
chaser or order; to be numbe red con Sc
cutively from to 80 inclusive.
And the proper officers of said county
towit: the chairman of this board and
the county auditor are hereby author
lied and directed to execute said bonds
IN proper form, and when so executed
to deliver them to the county treasurer.
And said treasurer is hereby directed to
deliver said bonds to the fiscal agent of
said county hereinafter named in this
l resolution in exchange for The said
courthouse and Jail bonds.
. That for the purpose of effecting an
exchange of bonds, the First National
Bank of St. Paul in the City of St. Paul
: and State of Minnesota, is hereby made
the fiscal agent of this county for all
Ipurposes connected with this issuance
of bonds, with authority to deliver the
new bonds provided for by this rosolu.
ton 10 the purchaser as fast as the new
bonds are surrendered and cancelled
I dollar for dollar; none of the new bonds
to be delivered until like amount of
the old bonds are surrendered for pay
mcnt and cancelled. And the treasurer
of said county is hereby directed to fur.
nish said First National Bank of st {.
Paul detailed statement of the said
outstanding courthouse and jail bon DIS
showing the amount of principal and
interest due thereon; and at the same
time to notify the holders of said bonds
that payment will he made Immediately
and the interest thereon cease.
And be it further resolved that in
each of the hereinafter mentioned years
there shall be levied and assessed on The
taxable property within said county the
sums respectively us follows:
rOF Lilc year IOJf Iue SuuI VI IWO
thousand dollars ($2, ,0O0).
For each of the years 1895 to 1908 in.
elusive the sum of two thousand dol
lars $4,000.
For each of the years 1909 to 1918 in
elusive the sum of eight thousand dol
lars (SS,0oO).
For the purpose of paying the princl-
pal and interest of the bonds issued un.
der this resolution; said sums so LEVIED
being sufficient to pay the interest on
said bonds as it falls due, and also to
pay and discharge the principal thereof
as it falls due.
And the county auditor, the clerk of
this board, is hereby directed in the
year 1895 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
respectively in the amount of the teta;
L