Fergus County argus. [volume] (Lewistown, Mont.) 1886-1946, 1901-12-25

Trust Co. Of Helena. was present. but finding
that the bonds had not been offered 10 the
state treasurer. as required by the provisions OF
an act entitled IAN Act to Authorize and Pro-
vide for the Investment Of the Permanent
School Fund. Permanent University Fund and
other Land Grant Funds Held by lie State
Treasurer of the State OF Montana. and to
Authorize the State Treasurer, With the Ad-
vice and Consent of the State Board of Land
Commissioners. to Make Such Investments
THE county attorney having been Of the opin-
ion that such notice was not required until such
time as the rate Of interest that the bonds were
to bear had been determined by the county
commissionesl, declined to make a bid until
such notice had been given.
The clerk was instructed TO telephone TO the
state treasurer. stating that the county commits
sioners proposed TO issue $4,000 Of county
bonds drawing interest at not to exceed 5 pei
cent per annum. and to ask him II he wanted
them.
A. W. War. on behalf of the Bank of Fergus
County. asked to be allowed to withdraw the
bid Of said bank until after the bonds had been
offered to the state treasurer. which request
was granted.
The clerk having notified the state treasurer
of such issue. Mr.. War; asked that the bid OF
the Bank of Fergus County be again placed on
record. which was done.
Board adjourned to 1880 p. m !.
Board met at 1880 p. m,
All present.
A message having been received from the
state treasurer. stating that he would take
$4,000 of the proposed bond issue drawing 5
per cent interest, the clerk was instructed to
notify him in reply that the county gould sell
the bonds drawing AZ per cent per annum.
and to ask him II the state wanted the bonds
drawing that rate of interest.
Mr.. Ramsey then presented a bid from n.
w. Harris * Co, by the Union Bank and Trust
Co. OF Helena, agents, as follows:
~ per cent; s1lI.7 70 premium.
Board adjourned to 1880 a. IN i. Dec. 20, 1901.
Board met at 1880 O'Clock a. m.
All present.
MIR. Ramsey appeared before the board and
asked to be allowed to Withdraw the bid made
by him at yesterdays meeting, as he had de-
cided that he did not want TO bid on the bonds.
1t having been shown to the board that this
was hpiihdg N-NhH fld gay b-t
board decided not to take further action at this
time. but to adjourn tos o'clock a. m. Dec.
21st, 1901.
In the morning the board visited and in
spected the new bridges now in course Of con-
s~truction over Warm Spring creek.
The board met at their office at : O'Clock .. m.
Present-Sam'l Phillips, chairman; j. b.
Washburn, commissioner; c. NJ. Kelly, clerk.
Board granted the request of Mr.. Ramsey
and allowed him to withdraw the bid made by
him on the 18th inst.
1t was then
Resolved by the board that they issue $4,000
of refunding bonds of the county of Fergus.
said bonds to draw interest at the rate of ~ per
cent per annun. and 10 be based on the find
ings and resolutions of the board at their session
held October 18th. 1901.
The clerk was instructed to give the state
treasurer due and legal notice of the issue of
the said bonds. together with the amount
thereof.
The bid of the Bank of Fergus County, Of
Lewistown, Mont. to take the entire issue Of
said bonds at par, being by the board consid-
cred the highest and best bid received. II was
Resolved that the entire issue Of said bonds
be awarded to the said Bank Of + ergus County.
at par, in accordance with their bid, subject,
however. to the right of the state treasurer to
purchase the whole or any part of saio bonds
for the use of the state.
The board examined and approved the fol-
lowing road district accounts:
District No. IL. 5 20
District No. "a. 63 10
DlstI1Ct NO. o......... ......."...'...... - ~
Board adjourned sine die.
Attest: c. M. KELLY, County Clerk.