Devils Lake inter-ocean. (Devils Lake, Ramsey Co., Dakota [N.D.]) 1884-1905, 1900-01-26
DEVILS LAKE NTER-OCEAN' FRIDAY, JANUARY 90. 1900
OFFICIAL PROCEEDINGS.

OFFICIAL
Regular Meeting of the Board of
County Commissioners, of Ramsey
County, North Dakota.
MONDAY JANUARY 2, 1900.
The board met at 10 O'Clock q. m.
Present: Commissioners VanLlew,
Anderson, Mccormick and Day.
Mr.. Fred A. Baker took the oath of
Office as commissioner for the Third
district and takes his seat with the
board.
Moved by VanLiew and seconded by
Mccormick that e. P. Day be elected
chairman of this board for the ensuing
year. Carried.
Moved and seconded that the States
Attorney be requested to be present at
the opening Of the bids for bonds at l
o'clock p. m. Carried.
Moved, seconded and carried to adj
journ until l o'clock p. m.
AFTERNOON SESSION.
The board met pursuant to adjourn
ment at l o'clock p. m.
Present: Commissioners Day, Baker,
VanLiew, Mccormick and Anderson.
The board then proceeded to open the
bids for bonds, same we're as follows:
S. A. Kean, Chicago, pal less one
half per cent. for five per cent. 20 year,
(no cheeky
Kane & Co., Minneapolis, $3.50 pre-
MUM. CHECK for S3,5O0.)
w. J. Hayes & Son, Cleveland, dis
count S610, tho cheeky
Farson Leach & Co., Chicago, (tele-
gram,) premium 5000, mo check
Ramsey County Bank, city, will pay
SS335,5O3, Check S3,500.)
Stoddard Nye & Co., Minneapolis,
discount $3.50, CHECK S3,50O.)
F. r. Fulton & Co., Chicago, premium
1884, (check $3,5OO.)
Moved by Mccormick and seconded
by VanLiew that that the contract for
furnishing the $4,000 fourand one-half
per cent. twenty year bonds be awarded
to F. r. Fulton 4 Co., Chicago, ILL.,,
their bid being the highest bid in strict
compliance with the advertisement.
Carried, all members voting EYES,"
Moved and seconded that all certi-
fed checks which accompanied "Bids
successful bidders. Carried.
SOlnUuloolOA0I ACOOIulCh luUIO-
duced the following resolution and
moved It's adoption: .
Whereas, The County of Ramsey has
an outstanding Indebtedness amount
ing to forty-five thousand (S45.O0O.OO)
dollars represented by outstanding
bonds of said county which are legal
and valid debts of said county de-
scribed as follows, to-wit:
S15,000.00 county bonds dated March
20, 1885, due March 20, 1900, drawing
interest at the rate of seven GU per
cent. per annum and
100000 county seed grain bonds
dated March 10, 1890 and due March
10, 1900, drawing interest at the rate of
seven GU per cent. per annum, and
Whereas, There is S15,OOO.OO cash in
the seed grain sinking fund available
towards the payment of the $3O,OOO.OO
of county seed grain bonds, leaving a
balance of $l5,OOO,OO of seed grain
bonds to be provided for, and
Whereas, In the judgment of this
board OF county commissioners it is
deemed to be to the best interests of
said county to issue refunding bonds
as hereinafter provided for the pur-
pose of paying the above described
bonds which are a valid and legal
obligation of said county.
Now Therefore, Be it resolved by
the board IF county commissioners of
the County of Ramsey, in the State of
North Dakota, that pursuant to law,
and especially 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
2042, inclusive, this board proceed to,
and do issue the negotiable bonds of
said county of Ramsey in the aggre-
gate sum of thirty thousand (30,O00.OO)
dollars. The proceeds of sale of such
bonds to be used for the sole purpose
of retiring and paying such outstand-
ing Indebtedness.
Such bonds to be in denominations
of n thousand (S1,OOO.OO) dollars
each; to bear date March 10, 1900; to
mature March 10, 1920; to bear interest
at the rate of four and one-half 4h)
per centum per annum, payable semi
annually on the 10Th. day of March and
September in each year; both principal
and interest to be made payable at the
Metropolitan National bank, of
Chicago, in Chicago, Illinois, the bonds
to be made payable to the purchaser
or order, and to be numbered consecu-
lively from n ~ to thirty (3O) in
elusive, and to be designated Ramsey
County Refunding Bonds of 1900"
Principal and interest to be payable in
United States gold coin of the present
standard of weight and hneness.
And the proner officers of said
county, to-wit: The charm IN 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, as herein
after provided.
And be it further resolved, That in
each of the hereinafter mentioned
years there shall be levied and assessed
on the taxable property within said
county of Ramsey the sums respect.
lively, as follows:
For the year 1900 the sum of fifteen
hundred Isl, 500.OO) dollars. For each
of the years 1901 to 1914, inclusive, the
sum of fifteen hundred (S1,5OO.OO) dol.