Williston graphic. (Williston, Williams County, N.D.) 1895-1919, 1899-02-17

huulLOT lneC anu ttiJOuInou Jill EOO' IL
1899, at 7 o'clock p. m, there being no
quorum.
Feb. IA. 1899, 7 O'Clock, p. m.
Board met pursuant to adjournment.
Present: Com'rs I. G. Gaines and
I. c. Stewart.
Board called to order by Chairman
Gaines.
On motion, the bond of Williams
County State Bank secured by Chas. H.
DAVIDSON, president; T. L. Beseker,
r. H. Copeland, John Bruegger, G. B.
Metzger, E. Leonhardy and John Hef-
fernan, in the sum Of $4,000, was APP
proved.
At an adjourned regular meeting Of
the board of county commissioners Of
the County of Williams, State Of North
Dakota, held this day,
Present.: Commissioners I. G. Gaines
and l. G. Stewart; absent. William
Longhland; Chairman Z. G. Gaines
presiding, and II. Roehr County Audi
tor, the following proceedings were had:
Commissioner l. G. Ste wart introduced
the following resolut ion and moved its
adoption.
WHEREAS, the County, Williams has
an outstanding in debtedness amounting
to twelve thousand five hundred ($l2, 50O)
dollars, represented by warrants or
orders of said county; all Of which war
rants or orders are undisputed legal
obligations OF said county of Williams;
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 Williams, in the State OF
North Dakota, that pursuant to law, and
especially with reference to the pro-
visions OF Article IL, Of Chapter 26, of the
REVISED Codes OF the State OF North Da-
kota of 1895, being sections 2O25 to 2042
inclusive, this board proceed to, and do
issue the negotiable bonds of said County
of Williams in the aggregate sum Of
twelve thousand five hundred ($1250O)
dollars. The proceeds Of sale Of such
bonds to be used for the sole purpose of
-, foto Il
Indebtedness.
Such bonds to be in denominations Of
Five Hundred dollars each; to bea r
date of February Is, 1899; to mature
February 10, 1914; to bear interest at the
rate Of six (6) per centum per annum,
payable semi.annually on the 18th day
OF February, and the 18th day OF August
in each year; both principal and inter
est to be 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
to Twenty FIVE, 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
be by him delivered to the purchaser,
rs he reinafter provided.
Aud Be 1t Further Resol we'd, 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 Seven
Hundrcd'and Fifty ($75O) dollars.
For each of the years 1900 to 1908, in
elusive, the sumo. Seveni Hundred and
Fifty (S75O) dollars; and for each of the
years 1904 to 1913 inclusive, the sum of
Two Thousand 10000 dollars, for the
purpose of paying.th principal and in
terest of the bonds: issued under this
resolution, said sums so levied being
sufficient to pay 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 tire
amount required.by this resolution to be
raised by taxes in each of such years
respectively, 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..
Gowran of Grand Forks, North Dakota,
his bid being the hiehest,and .best bid
made, and not less than par, the said
bonds shall be made payable to the
said G. G. 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 ex-
ecuted upon full payment being
made therefore; provided, how
ever, that no bonds be issued and de-
livered until like amount of the out
standing Indebtedness of said county be
cancelled and surrendered, or such an
amount thereof as will keep the total
II. Al. A..