The Ward County independent. [volume] (Minot, Ward County, N.D.) 1902-1965, 1906-04-26

ed by the Ward county board Of coun-
ty commimssmioners of Ward county
as county depository, during the
month of January, 1905. Your Com
missioner begs leave to report as
follows:
That the Minot National bank fur
nished bond of $25,O0O.o0 in the
l'idility and Casulty Company of
ted by the board of county commits
sioners, but no note of acceptance
CT approval appears in the proceed
ings Of the county commissioners.
That the Minot National Bank not
having been awarded as much money
as the officers of the bank had figured
on. they ask permission to return the
s25,000.O0 bond agreeing to file
good and sufficient $15,000.00 bond
in the same company. We find that
the $25,O0O.00 bond was taken by the
Minot National Bank through Mr..
Erickson, it's president and returned
and that a 100000 bond in place
Of the same was never given.
The affidavit of Louis Larson. au-
ditor Of Ward county during the two
years Immediately prior to April 1,
1905, is herewith attached. We
have also investigated the books Of
the Minot National bank and find that
there is no record of a premium hav-
ing been paid for such bond or bonds.
Dated at Minot. North Dakota, this
10th day Of April, A. D. 1906.
Respectfully submitted,
Ralph Abbott,
George A. MceGe.
State of North Dakota, County of
Ward, SIS.
Louis A Larson being duly sworn
says that at all times during the per-
iod of four years prior to April LIST,
1905, he was the duly elected and
qualified auditor in and for Ward
county, North Dakota, and by virtue
of said office, the Ex-Oficio Secre-
tary Of the board Of county commits
sioners in and for said county and
state .."
That during the term Of January,
1905, meeting one J. A. Erickson the
cashier of the Minot National Bank,
of Minot, North Dakota, and in be-
half Of said bank, presented to the
said board of county commissioners a
surety bond for ($25,000.00) Twenty
five thousand dollars, said surety bond
to cover certain moneys deposited
with said bank, said bank being des-
ignated as one of the county depos-
tories.
That said surety bond was duly ac-
copied at meeting of said board dur
ing the term of January meeting.
Affiiant further says that at the
same meeting last named the sfflant
was present, and that the said j. A.
Erickson cashier requested the said
board the return to him of the said
surety bond, and stated as his reason
therefore as follows:
That inasmuch as the county mon
eys deposited in the said bank OF
Which he was the cashier did not ex-
coed ($15,o00.O0) Fifteen Thousand
collars, Ino Sdlu Udlh uCSlA GU W IL
place the (s25, 100000 Twenty Five
thousand dollars bond (upon finding
that the deposits of said county were
smaller than he anticipated,) with
another surety bond for ($15,0OO.OO
Fifteen Thousand dollars, thus saw
ing the premium on the difference,
whereby the said board Of county
commissioners allowed the said J. A.
Erickson to take the said ($25,00O.0O
| Twenty-Five thousand dollar surety
| bond with the instruction that he was
to replace the same by the same kind
of a surety bond, the only difference
being that it should be for ($15,OOO.-
| O0) Fifteen Thousand dollars.
Affiant further swears that at no
time during the incumbency of his
| Office was the said surety bond for
s25,OO0.OO Twenty-Five Thousand
dollars, or the proposed surety bond
of ($15,00.oO) Fifteen Thousand Dol