Kansas agitator. [volume] (Garnett, Kan.) 1890-1905, 1901-02-01

been issued and outstanding more thar
two years, said bonded Indebtedness be
ing more particularly described rs fol
lows: $4,000, issued July l, 1885
due January /, 1906; $500, 000 issuet
February 10, 1886, due January 1906
$40, 900, issued July /, 1887, due July l
1907 All of said bonds bearing six &C.,
per cent. semi-annual interest, as evi
denced by coupons thereto attached
both prime pal and interest being paya
BILE at the Kansas state fiscal agency
New York city, New York, said bonds be
ing of the denomination of ST, 900 each
and issued for the purpose OF refundng
terest which has maturcd thereon, the
last payment having been made January
1, 1901; and
Whereas, A compromise has been agreed
upon between Andcr, on county, Kan
SIS, and the owner and holder of one
hundi ed and fifty thousand S150,00O)
dollars of such bonds for reiunding said
indebtedness at a reduced rate of inter
est; therefore, be it
Resolved, BY the board of county
commissioners of Anderson county, Kan
sas, that for the purpose of refunding
said above mentioned Indebtedness in
the sum of $150,000, according to SAID
compromise agreement, new refunding
bonds of said county in the sum OF $780,
900 be issued as hereinafter provided,
under authority conferred and in the
manner provided by act of the legisla.
ture, entitled. "An Act to enable coun-
ties, municipal corporations, boards of
education of any city and school dis
tricts, to refund their indebtedness y"
which took effect March 10, 1879, rs
amended.
Said bonds shall be of the dcnomina-
ton of 81 900 EACH numbered consecu-
lively from to so, inclusive, dated Jan
nary /, 1901, and shall become due and
payable 80 years after date thereof. it
being expressly provided, however, and
to be recited in face of each bond of said
series numbered from / to 60, inclu-
sive, the following clause providing for
prior payment of said bonded indebted
ness, to-wit: This bond is one of Sc
ries of $50 of like tenor and effect; An
derson county reserves the right to pay
numbers l to 60 Of this issue, as follows:
Bonds numbered /, and 3 of this Sc
ries January !, 1911, and three bonds at
same date each year thereafter till Janu-
uary 1, 1881, payable strictly in the or
der of their numbering
Said bonds shall bear interest at the
rate of FIVE (5) per cent. per annum from
date, payable semi-annually on the first
days of July and January in each year
at the Kansas state fiscal agency, New |
York city, New York, or at the state
treasurer's Office, Topeka, Kansas, and
the several installments of interest shall |
be evidenced by coupons attached to
said bonds. payable as aforesaid. Said |
bonds shall be signed by the chairman OF
the board of county cmmissioncrs, and |
attt sted by the county clerk under the
seal of said county, and said interest
coupon shall be signed by the said chair |
man and county clerk; and when said |
bonds shall have been executed and !
registered by the county clerk and |
the auditor cf the State of Kansas,
and certified by said auditor OF state.
they shall be delivered to the said owner
and holder of said original indebtedness
herein recited, in pursuance of the terms
of said compromise, provided that said
bonds shall not be issued or delivered
until the proper evidence OF the indebt-
edness for which the same are to be issued
shall be delivered up for cancellation.
1t is further resolved, there shall be
levied annually, at the stated time of
making such levy of other taxes, tax
sufficient in amount to pay the interest
upon said bonds represented by said
coupons as they become due, and to ere
ate sinking fund for tie redemption of
said bonds at the proper time, which
shall be collected with the OIL taxes of
said county and paid into the treasury
as provided by law for other taxes, and
shall be and remain as specified fund
for the redemption of said bonds, princi-
pal and interest, as tile same shall ma
ture.
On motion of G. A. McAdam, seconded
by j. F. Henning, said resolution was
adopted unanimously by the following
vote: T. w. Parrott,ye 6. y. McAdam
yea; ]. F. Henning, yea
1t is therefore ordered by the said board
of county commissioners that the clerk
of the county spread such resolution
and these proceedings in iull upon the
journal of the board of couatv COMM;
sioners of Anderson county, Kansas for
the use and .beneiit of the auditor of tie
state of Kansas, ard for the holders ot
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