Bismarck daily tribune. [volume] (Bismarck, Dakota [N.D.]) 1881-1916, 1905-03-31
i such certificates shah mature ii


Of such certificates shall mature ID
year, but every such certificate shall
mature In not to exceed fifteen years
from the date OF its issue.
i End. The said certificates shall be
in such denomination and shall he Ia
such form as the said board and state
auditor shall determine, but shall
plainly show upon their face the pur-
pose for which they are issued, the
time Of maturity, and shall contain q
proper reference to this section Of
this act, and shall be made payable
at the Office OF the state treasurer.
4 Bird. The said certificates shall
only be; issued from time to time as
the work of reconstruction OF the
capitol progresses, and only in such
sums as the board may deem neces-
sary to provide the necessary funds
to pay for material and labor and
carry out the provisions Of this act.
The said certificates shall be signed
by the president or vicepresident OF
said board and the state auditor, who
shall keep proper register thereof
and wHo shall deliver them to the
state treasurer. #r-r
4th. The board shall advertise
each proposed sale Of such certificates
for not less than fifteen days in two
daily newspapers of general clrcula-
ton, and shall call for sealed propo-
sails of purchase, and shall sell the
certificates to the highest bidder, but
no bid for less than par value shall
be accepted, and the certificates shall
be delivered by the treasurer to pur-
chasers only on payment into the
state treasury Of the amount for
which they are sold. The proceeds
of the sales of such certificates shall
be placed in the capitol building
fund, and shall be used for carrying
out the provisions Of this act. .4s
5th. In lieu Of selling all or any
part Of the certificates as above pro
vided, the said board may, IL it deems
best, at the time of employing any
person, or OF making or letting any
contract, or at any time thereafter,
offer all or any part of such certifi-
Gates to the person, firm or corpora
ton employed or contracted with, In
payment of the work, labor, skill or
material performed or furnished BY
such person, firm or corporation. But
IN such case the certificates shall not
be offered or received in payment for
less than the par value thereof, and
shall only be delivered by the state
treasurer to such person, firm or cor
poration, upon full and complete
statements or accounts, certified and
audited as provided in section 13 Of
this act. Nothing herein contained
shall be construed to compel any
such person, firm or corporation to
receive such certificates in payment
for work, labor, skill or material un-
less 1t is SO provided in the contract
under which such work, labor, skill
or material is performed or furnished,
9Th. The principal and interest Of
said certificates when due shall be
paid by the state treasurer on the
warrant Of the state auditor, out Of
any funds In the capitol building fund,
derived from sales of said lands, or
from the issuance Of certificates un-
der this section, and sufficient Of such
funds shall be set apart to meet the
maturing certificates In each and
every year that such certificates shall
mature. Said certificates shall con.
st1tute a first charge upon the pro-
ceeds of said lands, and the liability
of the state shall be limited to the
faithful and ratable application to the
payment thereof of the proceeds Of
the sales Of said lands. i3, 80.
Sec. IL. Nothing in this act shall
be construed to repeal. or affect any
existing law directly or Indirectly pro-
vtding for the payment out Of the pro
ceeds OF the lands referred to in sec
ton 10 of this act of any obligations
of this state heretofore issued. But
all obligations Of this state heretofore
issued, payable directly or indirectly
under the provisions Of the existing
law out OF the proceeds Of the sales
OF said lands shall be paid or proyid.
ed for before any part Of the pro-
ceeds OF said lands shall be used as
in this act provided. Z.
Sec. 10. For the due prosecution Of
the work hereby committed to their
charge, the said board are hereby au-
thorized to employ such architects.
mechanics and laborers as may be
deemed necessary, and payment Of all
expenditures made in or connected
with the reconstruction Of the capitol
building or erection Of said govern
or's residence and the carrying out
Of the provisions Of this act shall be
made upon full and complete state
ments OF accounts, which shall be
made and certified to by q majority
Of the members Of said board, and
shall be laid before the, state auditor
for examination, and II found correct
and In compliance with this act. shall
be audited and paid by the state
treasurer, upon the warrant Of the
state auditor, out OF any money In the
capitol building fund available for
that purpose, such warrant to Be
drawn In favor Of and to the order 81
the person or persons entitled to re-
ceive the amount therein named.
. Sec. IA. The attorney general shah
be the legal adviser OF the said board.
Sec. 10. Emergency. s 81
Approved February 8, 1906.
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