The Billings gazette. [volume] (Billings, Mont.) 1896-1919, 1901-06-28
OFFICIAL PROCEEDINGS
OF the Board Of County Commission.
ers, Yellowstone County.

Ir2
Billings, Mont, June oath, 1901.
The board met pursuant to adjourn
ment at 10 o'clock a. M, there were
present j.. B. Amin, chairman, Pat
Lavelle and w. O. Parker.
The minutes of the last meeting
were read and approved
The hearing Of the viewers report
upon the petition of e G Summers
and others, set to be heard this day
at 10 o'clock a. M, was postponed
until July LIST.
The report of the viewers upon the
petition of Robert Leavens and others
set to be heard this day at II o'clock
a. M, was taken Up:
The viewers reported adversely to
such petition, recommending that said
proposed road be not allowed; it was |
upon motion ordered thatthe viewers
report be and the same is hereby &C.
cepted and the petition denied.
The viewers report on the petition
of James E. Dlckie and others dated
October 20, 1900, presented and laid
over March z, 1901; adopted June 9Th,
1901, and survey ordered, was this
day taken up:
The county surveyor having filed
his report of the survey, together
with the plat of said road, and no
person appearing to object thereto, it
was ordered that said road as viewed.
surveyed and plated be and the same
is hereby declared a county road.
The county treasurer was instruct
ed, at the proper time, to call in and
pay off $4,000 of the outstanding
bonds of the issue of October 1, 1891.
redeemable October 1, 1901, com
mencing with No. l to No. IA, both in
elusive, of said bonds.
The bond of VIM. S. Hewett, con-
tractor of the East Billings bridge:
was approved.
The board adjourned until 2 o'clock
p. M.
Afternoon Session.
The boara met pursuant to adjourn
ment at 2 O'Clock p. M, all members
being present.
In the matter of the redemption of
bonds:
The following resolution was upon
motion adopted:
Whereas, there are now legal out
standing bonds of the county of Vel
lowstone, State of Montana, to the
amount of $4,000, of the issue of
October 1, 1891, drawing interest at
the rate of six per centum per annum.
which are redeemable October l.,
1901, and which are payable October
l, 1911, and,
Whereas, the treasurer of said
county of Yellowstone has been in
structed to redeem on October 1,
1901. said bonds to the amount of
$4,000, commencing at No. l to No.
Ia, both inclusiye: and.
Whereas, after the payment of
said bonds to the amount of $14, 900,
there will remain outstanding of said
bonds to the amount of $45,000; and,
Whereas, the board of county com
~missioners, of said. county, is of the
opinion that said ponds can be re-
funded and redeemed by the issuance
of coupon bonds of said county bear
ing interest at the rate Of five per
centum per annum, and it is for the'
best interest of said county to SO
refund and redeem said bonds.
Nov therefore, be it resolved
that under the provisions of article
III, chapter II, title III, part " of
the Political Code of the state of Mon.
tana and under the provisions of
House Bill No. II, passed by the
Seventh Legislative Assembly of the
state Of Montana, and for the pur-
pose of redeeming the aforesaid legal
outstanding bonds, the board of coun.
ty commissioners of the said county
of Yellowstone issue on the credit
of the said county, coupon bonds to
the amount of $45, 900, of the denom-
ination of $4,000 each, that is to say;
nine coupon bonds of the denomina-
ton of $4,000 each, to be dated Octob-
err l, 1901, and payable to bearer in
the I'M following: Bond No. 1
payable on October 1, 1902; bond No.
2 payable on October 1, 1903; bond
No. 3 payable on October 1, 1904;
bond No. 4 payable OF October 1,
1905; bond No. 5 payable on October
1. 1906; bond No. s payable on Octob-
err |, 1907; bond No. Z payable on
October 1, 1908; bond No. 8 payable
on October L. 1909; and bond No. 81
payable on October l, 1910, and the
interest which said coupon notes
shall bear is hereby fixea at five per
centum per annum and shall be rep
resented by interest coupons attached
to each Of said notes, as follows:
Bond No. / by two coupon notes;
bond No. 2 by four coupon notes;
bond No. 8 by six coupon notes; bond
No. 4 by eight coupon notes; bond
No. 5 by ten coupon notes; bond
No. 6 by twelve coupon notes; bond
No. - by fourteen coupon notes;
bond No. s by sixteen coupon notes;
and bond No. 9 by eighteen coupon
notes, payable semi-annually on the
first days of April and October of
each veal and said bonds shall be
payable as herein specified, at the
Office of the county treasurer of the
said county of Yellowstone or at any
bank that may be designated by the
purchaser thereof; ard,
TT is further resolved that the
county clerk is hereby directed to
furnish the state treasurer, with a
full copy Of this resolution as re-
quired by said House Bill No. II.
Tha county clerk WAS directed to