Barbour County index. [volume] (Medicine Lodge, Kan.) 1880-current, 1896-11-11

brought about an agreement between
the bondholders of said county and tht
board of county commissioners, which
shall be accepted by said board, then il
the compromise shall afterward b.
fully consummated and the bonded in
debtedness actually reduced in pursu
ance of said agreement. said l.. A
Bigger shall be deemed to have earned
| his commission under this contract
provided the vote of the people on any
agreement shall be considered a fina
| disposition of the proposition.
1t is understood between the parties
to this agreement that the control OF
any litigation arising between the bond.
holders and the said county shall be in
the board of county commissioners and
the county attorney, and they shall
have the right to dictate the policy to
be pursued in conducting any litigation
In the courts, and reserve the right to
employ any additional counsel if
thought necessary by them.
1t is agreed that after a compromise
of the bonded Indebtedness shall have
been fully consummated through the
instrumentality of the second party to
this contract and to the satisfaction of
the people of Barber county as ex-
pressed at an election to be called for
that purpose, the second party shall
receive.
First-For compromising and reduc-
ing the bonded Indebtedness of said
county from its present amount to
sixty per cent. thereof, or any amount
greater than fifty per cent. thereof,
which shall be acceptable to the board
as above provided, six per cent of the
total amount of said reduction.
Second-For compromising and re-
ducing the bonded Indebtedness of said
county to fifty per cent. thereof, or any
amount between fifty per cent. and
forty per cent. thereof, seven per cent.
of the total amount of said reduction
Third-For compromising and re-
ducing the bonded Indebtedness of said
county to forty per cent. thereof, or any
sums between thirty and forty per cent.
thereof, to receive eight per cent. of
the total amount of such reduction.
Fourth-For compromising and re-
ducing the bonded Indebtedness of said
county to thirty per cent. thereof, or to
any sum between twenty and thirty per
cent. thereof, to receive nine per cent.
of the total amount of such reduction.
Fifth-For compromising and reduc-
ing said bonded Indebtedness to twenty
per cent. thereof, or to any sum be-
tween ten per cent. and twenty per
cent. thereof, to receive ten per cent
of such reduction.
All such compensation above recited
to be paid second party when the same
shall become due, in bonds of said Bar
Der county, running twenty years, in
sum of one thousand dollars each, and
bearing five per cent. interest per an
mum, payable emi-annually at the
fiscal agency of the state of Kansas,
which is the rate of interest contem-
plated on refunding bonds to he issued
in settlement or compromise of said
bonded indebtedness.
1t is understood and agreed that the
refunding proposition to be presented
to the voters of Barber county shall in
clude sufficient sum to meet and settle
the compensation above provided for
second party and that it constitute a
necessary part of the expenses OF such
refunding and compromise, and it is
agreed that no compensation to second
party shall be deemed earned or paid
until said compromise is fully consum-
mated and the bonded Indebtedness
actually reduced accordingly.
1t is further agreed that second party
shall give to first party good and suf-
ficient bond in the sum of two thous-
and dollars, conditioned for the faith.
full performance of this contract on his
part. said bond to be approved by said
board of county commissioners.
The party of the second part to this
agreement shall have the same priv
leges OF terminating this contract upon
giving notice as is given herein to the
parties of the first part.
In witness whereof, the parties hereto
have hereunto set their hands this
9th day of November, A. D. 1896
and the clerk of said county attesti
the same by his signature and TIT
seal of said county.
j. w. WYER,
Chairman.
j. A. MURRAY,
Commissioner.
II. T.. WALKER,
| Commissioner.
l.. A. BIGGER.
| Executed in duplicate.)
[sEAL.l r. D. GADDlE,
County Clerk.
| THE BOND.
| Know all men by these presents, tina
we, the undersigned, l.. A. Bigger a
principal, and G.. M. Martin, and -
hereby acknowledge ourselves 6rml
bound unto the board of county com
missioners of Barber county, in tn
state of Kansas, in the sum of tw
thousand dollars, for the payment O
which well and truly to be made W
hereby bind ourselves, our heirs, ex
| pcutOrS and administrators