River Falls journal. [volume] (River Falls, Pierce County, Wis.) 1872-2019, 1905-12-14

Dated THIS l5tn day OF november, "A. IL.
1905.
o. ]. HOHLE,
County Clerk.
Proposals to be designated Deposi-
tory of the County Funds were receiv-
ed from Farmers and Merchants State
Bank of River Falls, and from Bank
of Prescott of Prescott, Wis.
To the County Board of the County of
The Farmers and Merchants State
Bank, of the City of River Falls, County
of Pierce and State of Wisconsin, hereby
propose and make offer that if the said
bank be designated depository of the
county funds of Pierce county for one
year from the first day of January next
1T will pay four per cent interest on daily
balances. That said interest will be COM
puted and credited to the county each
month, and that said deposits and ac-
crued interest will be held subject to
draft and payment at all times on de-
mand That the said bank will furnish
bond as required by Section 693 r. S.
Wis 1898, and will furnish all other pro-
visions concerning said trust as are or
may be required by law
Farmers and Merchants State Bank, by
G. w. CHINOOK,
President.
c. N. WIGER,
".
Dated at River Falls. wis, November
18th, A. D. 1905
PROPOSAL OF AN INCORPORATED
BANK FOR THE DEPOSIT OF
COUNTY FUNDS.
To the County Board of Pierce County,
Wisconsin:
The Bank of Prescott in response to
advertisement for bids for designation by
the said County Board as repositories for
funds of the said Pierce county, hereby
makes application to be designated as
depository for funds of said county, and
does hereby agree with the said Board
of said Pierce county, that if said bank
shall be designated by the said Board as
a depository for the funds of said county,
that for and in consideration therefor, 1t
will well and truly credit the moneys de-
posted when received, and will on the
first day of each month render to the
County Clerk the statements OF account
and of interest as required by law, and
will well and truly credit to the county
on the first day of each month, the in
terest due on the balance for the preced-
ing month, estimated on daily balances
for said preceding month all funds
payable on demand at the rate of four
and one-half az per cent per annum,
and will at the time fixed for the payment
of funds deposited for any certain length
of time, credit the interest thereon at
the rate of AZ per cent per annum, and
all of said funds with accrued interest
thereon subject to draft and payment at
all times on demand, or at the date fixed
in case any funds are deposited for any
certain length of time and will we'll and
truly pay over on demand, according to
law, all funds belonging to said county
which may hereafter be deposited or
which have heretofore been deposited in
said bank, and which remain unpaid at
the time of the delivery and approval of
a good and sufficient bond running to said
county, which said bank hereby agrees
to furnish to said county in such amount
and with such Sureties as may be re-
quired by the proper authorities and con-
ditioned upon the faithful discharge OF
each and every agreement hereinbefore
enumerated.
1t being further agreed and understood
that the said bank will renew or increase
said security whenever required by the
proper authority, with full power reserv-
ed to said Board to vacate, revoke or
modify such designation if the same be
made
BANK OF PRESCOTT,
By T. H. WELCOME,
President
EDWARD IONGWORTH