The herald-advance. (Milbank, S.D.) 1890-1922, 1895-12-06
Consolidated April II. 1880

on good bond paper, and each bond shall
| Teclte upon It's face that it Is issued un-
Ger and pursuant To the provisions Of
| Chapter 81 Ut the Session Laws of the
State OF South Dakota, entitled AN Act
Authorizing the Funding Of Outstanding
Bonds and Judgment Indebtedness of
Counties" approved March 3. 1891.
Sand bones shall be made payable at The
Hanover National Bank OF tie City OF
New York, or al any place agreed upon
by the successful bidder and the County
Commissioners. Said bonds shall be
sold BY the Board Of County Commits
sioners at not less than par value
Ia the highest and best bidder,
and the proceeds applied solely to
the payment OF the ontst anding
bonded Indebtedness of said Grant
county
When sait bonds and the several cou-
pons attached mature, it shall be The
duty Of the County Treasurer to forward
the amount due IT, such place as may be
designated in SAID bonds out of any funds
in his hands applicable thereto, SO that
the same may be paid al maturity in ac-
cordance with the terms thereof When
sad bonds and coupons are paid, the
Treasurer shall cancel the same by writ
ing or stamping across the face OF each
bond or coupon the words "Canceled by
payment this--,lay ot---'inseri
ing the date ot payment.)
Before said bonds are issued, they
shall be presented q TO The County Treas
urer, who shall register them in the
Bond Register in which register he
shall enter the number OF each bond, it's
date date OF maturity, amount, -ate f
interest, to whom pay able and shall also
keep a register OF the bonds funded uL-
der the provisions oil this resolution
That the County Commissioners will
receive sealed bids for the sale and pur-
chase of said bonds up to and including
the sixth day Of January, A ID. 1896. at
twelve o'clock noon, before which time
ali bids ia order 10 receive consideration,
must be filed with the County Auditor,
at Milbank, Grant county,South nak' t,
The County Commissioners reserve The
right to reject any and all bids. GER
titied check for $1,000 10 accompany each
b,d The succe ssiul bidder shall furnish
blanks for bonds.
The ,toarl of County Commissioners
shall each year levy upon the taxable
property Of the county a sufficient tax to
pay the interest OH sand bonds as tho
same aeerues and "A reasonable time be-
fore maturity sufficient tax to provide
sinking tund for the payment OF the
bonds when they mature.
On motion. the following resol4 ton
was adopted:
WHEREAS. the Register Of Deeds is
unable To make complete abstracts OF
titles of all tracts OF land in the county;
therefore, he It
RESOLVED. That the County Commits
sioners recommend To all parties desir-
Gus of obtaining An abstract OF title, that
they purchase sald abstract from the
bonded abstracter Of the county
The following resolution was adopted:
RESOLVED, That the County Treasurer
be and be is hereby instructed 10 turn
over to he County Fund the amounts Of
money contained in the Building Fund.
the Fire Fand and the Advertising
Fund.
On motion the following bill was "a
amiBed and allowed;
Geo Nj tchell commits soner per diem and
mileage. ,......#... - "a
On motion board adjourned sine die.
GEo. MITCHELL,
Attest, Chairman.
N. FoRsHEEG.
County Auditor.