Williston graphic. (Williston, Williams County, N.D.) 1895-1919, 1899-03-03

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 commissioner of
the County of Williams, III the State Of
North Dakota, that pursuant to law, and
especially with reference to the pro-
visions Of Article II, Of Chapter 26, of the
Revised Codes of the State of North Da
kota of 1895, being sections 2025 to 2042
inclusive, this board proceed to, and do
Issue the negotiable bonds of said County
Of Williams in the aggregate sum of
nine thousand $4,000 dollars. The pro.
ceeds Of sale of such bonds to be used
for the sole purpose Of retiring and pay
ing such outstanding Indebtedness.
Such bonds to be in denominations Of
Five Hundred dollars each; to bear
date Of March !, 1899; to mature
March l, 1911; to bear interest at the
rate Of six 81 per centum per annum,
payable 1femi.snnually on the LIST day
eof March. and The LIST day OF, September
In each year; both principal and inter-
est 70 he made payable at the Chase
National Bank Of New York. in New
York, N. Y; the bonds to be made pay
able to the purchaser or order, and to
be numbered consecutively from One
4 to Eighteen, 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
deliver them to the county treasurer, to
I be BY him delivered to the purchaser,
% hereinafter provided.
And Be It Flu rther Resolved, That in
each Of the hereinafter mentioned years
there shall be levied and assessed on the
taxable property within said County of
Williams the sums respectively, as
follows:
For the year 1899 the sum of Five
Hundred and Forty ($54O) dollars.
For each of the years 1900 to 1907, in
elusive, the sum Of FIVE Hundred and
Forty ($540) dollars; and for each of the
years 1908 to 1913 inclusive. the sum of
Twoi Thousand Forty (s2O4O) dollars, for
the purpose Of paying the principal and
interest of the bonds issued under this
resolution, said sums SO levied being
sufficient to paw the interest 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 1899. and each of the years there
after until the year 1913 to include the
amount required. by this resolution to be
raised by taxes in each of such years
J. respectively, in the amount o: the total
county tax levy.
Aud Be It Further Resolved, That
contract of sale of such bonds having
been made by this board with G. C.
Gowran of Grand Forks, North Dakota.
. his bid being the highest and best bid
made, and not less than par, the said
bonds shall lie made payable to the
said G. G. Gowran, or order.
And the county treasurer is hereby
directed to deliver to c. G. Gowran or
order ut the First National Bank of
Grand Forks, in Grand Forks, North
Dakota, such bonds properly ex-
ecuted upon full payment being
made therefor; provided. how
ever, that no bonds be issued and de-
livered until like amount OF the ont
standing Indebtedness of said county be
cancelled and surrendered, or such an
amount thereof as will keep the total
obligations of the county at all times
within the legal limit Of indebtedness.
And Be 1t Further Resolved, That all
proceedings of this board heretofore had
in conflict herewith, and particularly
the funding resolution passed by this
board on February 14th, 1899, providing
Cor the issuance of Twelve Thousand
Five Hundred Dollars of funding bonds.
dated February 18th, 1899, he and the
same ! = hereby rescinded, no action
having been taken and no bonds issued
under said resolution, it being deemed
BY this hoard to the best interests oil
the county to, issue only Nine Thousand
I Dollars Of funding bonds at the present
Atime.
WEich resolutions we're duly second,
end on roll cal duly adopted by the
.s.