The Dickinson press., 1898-08-13
OFFICIAL.
Prscsediess Bosrd ,cosnty Commissioners
Bslasss Cosaty, M.
Medora, N. D., Aug. 1st, 1858.

EPreceediage Board Coanty Commissioners
Bslasss Cossty, ND.
Medora, N. D., Aug. 1st, 1858.
At an adjourned regular meeting of
the Board 6f County Commissioners of
the County Of Billings, State of North
Dakota, held this day; present: Commits
sionersJ j. B. ..Stoddard and E. E. Mikkel-
son, (Gregort Lang absent,) Chairman ].
B. Stoddard presiding, and Edgar S.
Foley, County Auditor, the following pro-
|ceedings were had:
Commissioner E. E. Mikkelson intro
duced the following resolution and
moved its adoption:
Whereas, The County Of Billings has
an outstanding indebtedness amounting
to thirteen thousand (s13ooooo) dollars,
Represented by warrants or orders of said
county, all Of which warrants or orders
are undisputed legal obligations of said
County Of Billings. and
Whereas, in the judgment Of this
Board it is deemed to be to the best in
terests of the county to issue funding
bonds as hereinafter provided, with the
proceeds of sale of which to retire and
pay all of such outstanding indebted
ness.
Now therefore be it resolved by the
Board of County Commissioners of the
County of Billings, in the State of North
Dakota, that pursuant to law, and espe-
cially with reference to the provisions of
Article II of Chapter 26 of the Revised
Codes of the State of North Dakota of
1895, being Sections 2o35 to 2o42 inclu-
sive, this Board proceed to and do issue
the negotiable bonds Of said County of
Billings in the aggregate sum of thirteen
thousand (sl3,ooo.oo) dollars. The pro-
ceeds of sale of such bonds to be used
for the sole purpose of retiring and pay
ing such outstanding indebtness. Such
bonds to be in denominations of one
thousand dollars each; payable at the op-
ton of said county on any interest day on
or after August lst, 1908, to bear date
August Ist, 1893; to mature August 1st,
1918 and to bear interest at the rate of
five and one-half (5N) per centum
per annum, payable semi
annually on the first days of February
and August in each year; both principal
and interest to be made payable at the
Chase National Bank of New York in
New York, N. Y; the bonds to be made
payable to the purchaser or order, and
to be numbered consecutively from one
I() to thirteen N3) inclusive.
And the proper officers of said county,
to wit: the chairman of this Board and
the County Auditor are hereby authorized
and directed to execute such bonds in
proper form, and when so executed to
delived them to the County Treasurer,
to be by him delivered to the purchaser,
as hereinafter provided.
| And Be 1t Further Resolved that in
each of the hereinafter mentioned years
there shall be be levied and assessed on
the taxable property within said County
of Billings the sums respectively, as
follows: For the year 1893 the sum of
Eight hundred 1901 dollars; For each of
of the years 1899 to 1907 inclusive, the
sum of Eight hundred 1900 Dollars; and
for each of the years 1908 to 1917 inclu-
sive, the sum of Twenty one hundred
(2,Ioo) Dollars for the purpose of paying
the principal and interest of the bonds
issued under this resolution, said sums
so levied being sufficient to pay the in
terest on such bonds as it falls due; and
also to pay and discharge the principal
thereof as the same shall mature.
And the County Auditor, the Clerk of
this Board, is hereby directed in the year
1893, and each of the years thereafter un-
til the year 1917 to include the amount
required by this resolution to be raised
by taxes in each of such years respec-
lively in the amount of the total County
Tax Levy.
And Be 1t Further Resolved, That a
contract of sale of such bonds having
been made by this Board with c. c. Cow
ran Of Grand Forks, North Dakota, his
bid being the highest and best bid made
and not less than par, the said bonds
shall be made payable to the said c. c.
Gowran, or order.
And the County Treasurer is hereby
directed to deliver to c. c. Gowran, or
order at the First National Bank of
Grand Forks, in Grand Forks, North
Dakota, such bonds properly executed
upon full payment being made therefor;
provided, however, that no bonds be
issued and delivered until like amount
of the outstanding indebtness of said
County be cancelled and surrendered, or
such an amount thereof as will keep the
total obligations of the County at all time
within the legal limit of indebtness. And
be it further resolved That All proceed
ings of this Board heretofore had in con-
fict herewith, and particularly the fund
ing resolutions adopted at the meeting of
June 9th, 1893, be and are hereby re.
scinded.
Which resolutions were duly seconded,
and on roll call duly adopted on the
following vote, to wit:
Commissioners ]. B. Stoddard and E.
E. Mikkelson (Gregor Lang absent and
not voting); voting "Aye", and none vot-
ing "No".
There being no further business. the
board on motion adjourned without day.
| EDGAR S. FOLEY,
Auditor.
Contest Decided Against Simpson.
! Bismarck Tribune: The local land