Bismarck weekly tribune. [volume] (Bismarck, Dakota [N.D.]) 1884-1943, 1895-03-08
shall be collected, it shall be deposited with
the county treasurer to the credit Of the
prOlMr drain fund.

Su5fl U6 CollcCGcu, IL Sldl W ucpUSlGtu Will
the county treasurer to the credit of the
prol;ar drain fund.
SIC. 20. No person holding any state Or
county office shall be eligible to the Office
of dfain commissioner, and drain commits
slontsrS accepting any such office shall
%the,eupon be considered as having vacated
the office OF drain commissioner.
SEC. 81. Drain commissioners shall have
power 10 administer any oath required in
any proceeding had before them Oh in
which they may be called to act officially.
SEC. 81. The board of county commits
'sioners of any county in which any such
drain is proposed to be located and con-
structed are hereby authorized to issue
bonds in such sums as may be necessary for
the purpose OF defraying the expenses in
curE5d or to be incurred in obtaining the
rlgnF9,t way or in locating n construct
ing any such drain, said word "expenses"
to be construed to mean and to cover every
Item of cost of such dram from its incep
hon to its completion as hereilbefOre pro-
vided, which bonds shall be paid out of the
revenues to be derived from taxes levied or
to be levied and collected from that por-
tor Of the county found by the drain ON
missiOners to be benefited thereby. Such
bonds shall bear interest at a rate not eX-
seeding seven per cent and shall be paya-
Bile not exceeding twenty years from the
date thereof, and the said commissioners
shalY provide sinking funds for the pay.
ment of each series of bonds issued at
maturity and for the payment of the
annual interest on the same. The bonds
issued under the provisions of this act
shall bey signed by the chairman of the
board OF county commissioners of such
county and cOuntersigned by the county
auditor. who shall keep a record of the
bonds issued under the provisions of this
act.$aSuch board shall have the power to
negotiate such bonds at. not less than the
par{yalue thereof, as they may deem best
fOr!the interest of all persons interested in
such drain. Such bonds shall contain a
recital that the same are issued in accord
ance with the provisions and pursuant to
the: authority of this act aud that they are
to be paid out of sinking funds to be ere
ated as in this act provided. Whenever
such bonds shall be issued, the tax herein
b 'Dre provided for shall not be collected
nll2 ii one year, but shall be divided into as
many parts as such bonds have years to
run,and n OF such parts shall be extended
upon the tax lists by the county auditor
against the proper parcels of land and
property liable to taxation for that pur-
pose in each and every year and collected
in such year, and such fund snail cOnsti-
tute The sinking fund provided by this Sec
ton. The board OF county commissioners
shall in each year, at the time of levyfng
the taxes upon the property liable to taxa
VA III uSSOuIlo u UllC lOCdClOIl dLlu COll-
strnction of any drain, a tax sufficient to
pay the annual interest on any bonds
which may have been issued for the pur-
pose of locating and constructing the drain.
Separate sinking funds shall be provided
for each separate drain for the construction
of which bonds shall be issued and no
funds in n such sinking fund shall be
issued and no funds In any such sinking
fund shall be applied to any other purpose
than the payment Of the bonds for the pay
ment of which such fund was created. No
county shall be liable for the payment of
any bonds issued under the provisions OF
this act, but such bonds shall be paid only
out of the sinking funds created as in this
act provided,
Sec. 80. Chapter rs of the Session Laws
of 1888 and all acts amendatory thereof and
all other acts or parts of acts inconsistent
with the provisions of this act, are hereby
repealed.
Approved March 8, 1895.