Custer weekly chronicle. [volume] (Custer City, S.D.) 1890-1931, 1901-12-21

OF the Board OF County Commission
ers Of Custer County, 8. ID.

.. Ds, vi TIC Oth udy VI teOAS
aud there being present w. A. Widney,
chairman Of said board, ID. V. Coe and
Israel Bower, all the members of said
board, and w. A. Smith, county auditor,
and upon the consideration of the mat
ter Of funding the warrant indebtedness
Of Custer county, y. d., as represented
By the legally issued county general fund
warrants, the following resolution was
offered:
Whereas, on the End day OF October,
A. ID. 1901, the county commissioners OF
Custer county, 5. d.. passed q resolution
submitting the following question to the
electors Of Custer county, 3. d., TO he
voted on at the regular election to be
held on the 9th day of November, A. ID.
1901.
shall the board OF county commits
sioners Of Custer county, ;. d., be au
thorized TO issue negotiable bonds Tor
the purpose Of funding the outstanding
Indebtedness OF Custer County, >. D., as
represented by the county general fund
warrants of said county issued prior to
| February I4th, 1901, said bonds To be
payable In not less than five years, and
| not more than twenty years from date OF
their issue, and to bear interest at a rate
not to exceed FIVE (5) per cent per annnm
payable semi. annually az provided by
| Chapter 81 Of the Session Laws Of Sonth
Dakota OF 1901? !" And 1t appearing from
| the records in the office OF the county
auditor of said county that on The 9th,
day OF November, 1901, the said question
was submitted 10 all the electors OF Gus.
ter county pursuant TO said resolution,
and on the 9th day Of November, 1901,
the board Of county commissioners oil
8 lid county met at the Office ofthe coun-
ty auditor Of said county, and there and
then acting as q board of ~canvassers OF
the votes cast at said election, proceeded
to canyass the returns from all the pre-
| cincts Of Custer county, 5. ID, and the
said canvassing board then and there
found there had been cast for the issuing
| OF said bonds, four hundred and twenty.
| seven votes, and one hundred and forty
votes had been cast against issuing said
bonds, where upon the board Of canvas
sers then ana there declared that there
being a majority OF all the votes cast in
favor of issuing said bonds, and il appear
ing from the records that all things and
acts necessary and required to be done
and performed in the premises haye
been done in accordance with law;
Resolved, that it appearing to the
board Of county commissioners Of Custer
county that a majority Of the electors Of
said county having voted in favor OF
issuing said bonds, and that by said vote
the said electors have ordered this board
to issue the said bonds, and it appearing
to this board that II is to the best interest
of Custer county to fund said Indebted.
ness for the sole purpose Of funding the
Indebtedness as represented by the
legally issued county general fund war.
rants issued since January lst, 1891, and
prior to February 18th, 1901, and as pro-
yided by Chapter ninety-four (94) of the
session laws of the State Of South Dakota,
passed and approved February 18th, 1901.
1t is therefore resolved, that pursuant
to chapter 81 Of the session laws Of the
state Of South Dakota, passed and ap
proved February lith, 1901, and the ma
iority votes Of the election Of Custer
county, which said votes were cast on
the 9Th day Of November, 1901, that the
county of Custer, state of South Dakota,
by and through it's board ofcounty com
m~issioners, issue its negotiable bonds for
the sole purpose Of funding all its out
standing legal Indebtedness as repre-
scented by it's legally issued outstanding
general fund warrants issued prior To
February l4th, A. ID. 1901. Said bonds
to be in denominations Of not less than
one hundred ($l00.00) dollars, nor more
than one thousand Isl .0O0.0O) dollars,
shall bear the date Of their Issue, shall
be made payable to bearer, and shall he
payable in twenty (20) years from the
date of their issue, and shall zeal inter
est at the rate of five (5) per cent per
annum, payable at the office ofthe coun.
ty treasurer in Custer county, S. d.,
semi annually, on the lst day o~fJannary
and July of each year, aud shall contain
coupons attached for each interest paw
ment, and said bonds shall not be sold
for less than their par value. Said bonds
and each coupon shall be signed by the
chairman of the board Of county commits.
~sioners, and shall be attested by the
county auditor, the seal Of the said coun-
ty shall be affixed to each of said bonds
but not to the coupons, and it is hereby
made the duty Of the chairman Of the
board of county commissioners and the
county auditor to execute the said bonds
are herein provided, and as provided by
chapter "a Of the session laws Of 1901.
Upon due consideration of the forego.
ing resolution, and on motion for its
adoption, all members present voting in
the affirmative, the resolution was
by the chairman declared passed.
The following resolution was offered
and unanimously passed upon the vote
Of the entire board Of county commits.
sioners.
Resolved, that it will, in the judgment
of this board, be for the best interest OF
the people OF this county, to exchange
funding bonds for legally outstanding
general fund warrants of said county,
pursuant to chapter o. session laws 1901.
The county auditor of Custer county IL
hereby ordered to publish Il notice in
each of the official newspapers Of Custer
county, requiring all persons holding
legally issued county general fund war
rants against said county, issued prior to
February l4th, 1901, to present the same
to the county treasurer within ninety
days from the date Of the first pnblica-
ton ofsaid notice, which said notice shall
be published for four successive weeks
in said newspapers; and when the said
warrants shall be presented to h coun-
ty treasurer, the interest On the said
warrants shall be computed and en-
| dorsed ON the back of said warrants, and
| bonds shall be delivered to the holders
| of said warrants. at not less than par
value for said bonds, for an equal amount
of legally issued general fund warrants.
When the warrants are so taken up
and paid by the issue Of bonds as herein
provided for, such warrants shall be
marked: "Paid by bond No...... e"
giving number of bond) and shall be
retained by the county treasurer until
his settlement with the county commits
s%ioners, and shall then he carefully COM
pared with the bond register. and also
the warrant register, and after tie same
shall have been compared. shall be
placed in the custody of the county an.