The herald-advance. (Milbank, S.D.) 1890-1922, 1896-03-06

thousanc dollars, III its corporate name,
for the sole purpose Of iundIug The out
standing bonded iudeb' e,.n,ss e.siSling
against sand COUNTY, which Gai>l oul~
standing bonds are hereby declared GEo
ana pa, able on the tirs, day e Deren~
Ter, in the year one Thousand eight hun
dred and ulnety five.
That said boAds shall be in denonina-
,ions of one thousand dollars, shatl bear
date April 6, 1896, be made payable to
the purchaser, or bearer. payable IN
twenty years from the date thereof, and
ia ten years from the date thereof at the
option OF the said county, and shall bear
interest at the rate oil five and one-hals
per cent per annum, payable semI-an-
uually, with coupons attached for each
interest payment The bonds and each
coupon shall be signed by the Chairman
Of the Beard Of County Commissioners
and shall be altested by the County
Auditor. The Seal o. the county shall
be affixed to each bond hut not to thu
coupons SAID bonds shall be engraved
or autographed on good bond paper,
and each bond shall recite upon It's tace
that it is issued under and pursuant to
the provisions of Chapter 81 OF the Ses-
sion Laws Of The State OF South Dakota,
entitled IAN Act Authorizing the Fund
ing Of Outstanding Bonds and Judgment
Indebtedness OF Countess, approved
March 8, 1891. Said bonds shall be
made payable at The Hanover National
Bank Of the City Of New York, or AT any
place agreed upon by the successful oiQ-
der and the County Commissioners
Said bonds shall be sold by the Board OF
County Commissioners at not less than
par value TO the highest and best bidder,
and the proceeds applied solely TO the
payment Of the outstanding bonded IN
| debiedness ot said Grant county.
When said bonds and tue several cou
| pons attached mature it Shall le the
! duiy Of the County Treasurer to forward
! the amount due to such place as may be
designated in said bonds out OF any
funds in his hands applicable thereto, 50
that the same may be paid at maturity
in accordance With the terms thereof.
| When said bonds and coupons are pad
the Treasurer shall cancel the same by
writing or stamping across the lace oi
4 each bond or coupon the words Can
celed by payment this. day Of.
insertlng the date OF payment.l
Before said bonds are issued, they
urer, who Shall register them III she
"Boud Register III which register he
shall enter the number Of each bond, IFS
date, date of maturity, amount, rale OF
0 interest. 10 whom payable. and shall also
keep Il register e the bonds funded un-
der tie provisions OF this resolution
That the County Commissioners will
I receive sealed bids for the sale and pui.
: chase of said bonds up 10 and Including
/ the seventeenth day of March. a. -.
! 1896, ii twelve O'Clock noon, before
! which time MI bids, III order to receive
/ consideration. must be filed Wl'li 1ht
. County Auditor at Nilbank, Grant
County. South Dakota The Count,
T Commissioners reserve the right to re
iecf any and ill bids. 4 certified checf
: for 81 600 to accompany each bid. In
4 successful bidder shall furnish blanks
9 for bonds.
The Board OF County Commissioner
g shall each year levy upon the taxabl+
property Of the county sufficient taX Z
pay the interest on said bonds rs til
same accrues. and a reasonable tax Z
% provide 4 sinking tund for the paymen
. of the bonds when they mature.
4 On notion, Board adjourned to Marcl
. II, 1896.
\ GEO MITCHELL.
Attest: Chairman
y FoRsBERG.
!. County Auditor