Rosebud County news. [volume] (Forsyth, Mont.) 1901-1906, 1901-03-28

The following resolution was offered
by Commissioner J. e. Farnum, and
seconded by Commissioner w. w. Nc
Donald:
Whereas, The bonded Indebtedness
OF Custer county is on this date two
hundred and sevcntyfour thousand
dollars (S274, OOOl, and is bearing in
terest at the rate of six per cent. per
annum. payable semi-annuallv in adj
vance, and
Whereas, No part of the indebted
ness except the interest thereon can be
paid before July 1st, 1905, and
Whereas, There will be A certain
amount of interest due opon the portion
of this Indebtedness which Rosebud
county is about to assume from and
after the first day of March, 1901, up
to the 1st day Of July, 1905, and
| Whereas, This commission desires
to apportion this Indebtedness between
the two counties in a just and oquita-
Die manner, now therefore be it
J Xesolvod, That when the amount of
the Indebtedness of Rosebud county is
ascertained, warrants shall be issued
by the board of county commissioners
/ o. Rosebud county for the amount
found due us provided by the proyis-
ions OF an act of the seventh Legislative
assembly of the state of Montana, ap-
proved Feb. 18th, 1901, entitled "An
Act to Create the County of Rosebud,
Define it's Boundaries and Provide for
it's Organization and Government, and
be it further
Resolved, That the board of county
commissioners of said Rosebud county
will on or before July 1st, 1901, fund
this Indebtedness assumed as aforc-
said by issuing upon the credit of said
Rosebud county coupon bonds in the
denomination of one thousand Il .OOO)
dollars each, bearing interest at the
rate OF six per cent per annum, paya-
bic semi-annua1ly in advance. Said
bonds shall be dated July 1st, 1901.
and redeemable on July 1st, 1905, said
bonds to be issued under and by virtue
of the provisions of the act aforesaid.
and of section 4243 of the political code
OF the state of Montana. The bonds
when so issued are to be received and
accepted by the county OF Custer at
their par value, and upon their receipt
by the proper officer of said Gu ,ter
county all warrants issued by Rose
bud county in favor of Custer county
in payment of the indebtedness as
sumed as aforesaid shall be surren-
dered to said Rosebud county for can
collation., all interest accrued upon
the warrants up to the date of their
cancellation shall be applied as a part |
payment upon the interest due opon
said bonds on July 1st, 1901. Adopted. |
We find that there are certain claims |
in favor of the county of Custer and
also certain claims against the county
OF Custer existing prior to March 1st,
1901, which are now In litigation, we
are therefore unable to determine the
value of the same. 1t is understood
and agreed, however, that any money
realized from said claims shall be di-
vided pro rata between Custer and
Rosebud counties in accordance with
these findings. It is also understood
and agreed that if any judgments upon
these or any other claims existing
prior to March !, 1901, are entered up
against the county of Custer, that
Rosebud shall pay her pro rata share
OF the same in accordance with these
findings. 1t is also agreed that all
expenses, including attorneys fees,
shall be pro rated in the same manner.
We find that the county of Custer
shall collect all moneys due or payable
% the original county of Custer on the .,
hrst day of March, 1901, and turnover
% the treasurer of Rosebud county it's
pro rata share of such collections as
liked by this commission within thirty
lays after collection.
We find that of all moneys collected
rom delinquent taxes prior to 1901,
md all moneys collected xpon claims
favor OF the county of Custer, includ-
ng judgments prior to Mare, LIST,
9O1, are to be divided as follows. TO-
Wit: Custer county SOILS per cent.
md Rosebud county S32.8 IS per cent.
We find that this is the pro rata
hare which each county is entitled to {
eceive upon such claims when they !;
re cOIIacted VIZ ,1.o E,l ~: