The Dickinson press., 1909-12-25
OFFICIAL
Proceedings ofthe Board of Com.
missioners of Stark County,
North Dakota.
Dickinson. North Dakota.

Dickinson. North Dakota.
O'Clock p. H.. December 10th, '09.
The board of county commissioners
convened pursuant 10 q notice from A.
Jopp. chairman. for a special meeting
to be held at this day and date for the
purpose Of investigating and checking
up the county auditors office, and to
arrange for necessary hello in said office,
and also for the purpose of passing a
resolution for levyine tax to pay interest.
and create q sinking fund to pav the
principal upon each of the county bonds
to be issued for the sum of $50. 600. 90.
10 take up outstanding warrants.
Present. A. Jopp, chairman. D. w.
Mckenzie. Herman Leutz.
Moved by Herman Leutz and seconded
by D. W. Mckenzie. that il . HUGHES
be hired temporarily to assist in the
county auditors Office at 81. 90 per day.
Motion prevailed, all voting aye on call
of the roll.
Moved by Herman Leutz and seconded
by D. w. Mckenzie. that
Whereas, on October 5th, 1909, at the
regular meeting of the county COM
missioners of Stark county, North Dakota.
held at the court house in the city of
Dickinson. North Dakota. on said date,
pursuant to the power and authority
vested in said board of county COM
missioners by law. authorized issuance
OF 500. 900 of negotiable bonds with the
purpose of paying outstanding warrants
amounting to $50, 600. 90. and exceeding
IN that amount the sum raised bv taxes
paid in the year 1909, for general pur-
poses. which bonds are to be issued in
the sum of 81, DOC. 90 each, to run for a
period of twenty years from the date Of
issue, and
Whereas said board of county COM
mlssloners OF said county of Stark and
state OF North Dakota are about to have
said bonds issued by A. Jopp chairman
OF Inc board OF county commissioners and
attested by the county auditor. thereof.
and NEGOTIATED and sold to the state of
North Dakota at par. and all of which
bonds are to be dated January 18th, A.
d. 1910. and due January 18th A. D.
1880.
Now, Therefore. Be it resolved and
it is hereby resolved by the board of
county commissioners of the county of
Stark, and state of North Dakota that
pursuant to the provisions of Section
l84 OF the constitution and Section
1859 of the Political Code of the state
Of North Dakota, of 1905, there be. and
is hereby levied an annual AK on all
taxable property of the county of Stark.
state of North Dakota, for the purpose
of raising a fund to pay the annual
interest on, and also to put in the sink
ing fund to pay the principal when due,
on the bonds hereinbefore described.
which levy shall be for the years and
for the amounts as follows, to-wit F.:
81. 400. 90, annually, shall be levied for
the years 1910 to 1929, inclusive for the
purpose of raising funds to pay the
annual interest upon said bonds, which
interest is due on the 18th day of Janu-
airy. of each year 1911 to 1880, inclusive.
being $40. 90, interest annually on each
of the ST, 600. 90. bonds above described /:
50, 600. 90. shall be annually levied for
the years 1910 to 1929, inclusive, for the
purpose OF creating a sinking fund to
pay the principal upon each of the said
bonds hereinbefore described.
Be it Further Resolved. and it is
hereby resolved, that the county auditor
of said county of Stark, and each of its
successors in Office, is hereby authorized
and directed to cause said Ievies to be
annually spread upon the assessment
books and tax lists of said county and
collected as other taxes are collected &C.
cording to law, and that the moneys
collected from the levy of taxes so made
shall be covered into separate and dis
tinct funds to be designated upon the
books of said county as ''Refundinp
Warrant Bond Interest Fund.-" and
''Refunding Warrant Bond Sinking
Fund or similar designation, and if the
moneys so collected and covered into
the said refunding warrant bond sinking
fund shall on January 18th. of any year
be insufficient TO pay the interest on said
bonds then due, there shall be trans
ferred to said fund from the general
fund of the county. an amount sufficient
to make up the amount necessary to
pay said interest, and a warrant shall
be thereupon Immediately drawn on said
bond interest fund in payment of said
interest on the bonds above named.
Be it Further Resolved. That the
moneys collected from the levy of taxes
herein made for sinking fund shall be
from time to time invested by the board
of county commissioners of said u n
in interest bearing securities maturing
prior 10 January 18th, 1880, or otherwise
placed at interest, and the interest &C.
cumulating thereon shall also be covered
into said sinking fund until such time
as the total amount of said fund shall
aggregate the sum of $50. 600. 90, and if
at the date Of the maturity of said bonds
hereinbefore described, the total amount
of said sinking fund shall not AGGREGATE
said amount sufficient to pay the pricipal
of said bonds. then and in that case
there shall be transferred to said sinking
fund from the general fund of the county
an amout sufficient to make up the sum
Of 500. 600. 90 in said fund and ~thereupon
a warrant shall be drawn on said sink
ing fund to pay the principal of said
bonds.
Roll call was had upon the adoption
OF said above resolution and the vote
was as follows:
The commissioners voting Aye
were A. Jopp. D. W. Mckenzie and
Herman Leutz, and those voting Nay
were, none.
Whereupon the resolution was declared
to be carried and adopted and the county
auditor wat instructed to have the same
embodied in onl ro1o,loI -. 1901 .e