The Newport miner. [volume] (Newport, Wash.) 1899-current, 1909-08-19
Commissioners Proceedings

tiVNSSNs
July %, 1so9.-Board of county commissioners
met pursuant TO adjournment All menpeiS
present. ormsn
ct al for change in the county Ioao IA beI
T. 32N.. r 40, f. w. NJ, said petition is herepy
granted. bond approved and survey o roeleu,
Certificate of formation OF Conso a1
school District No. 159 is hereby aPpro teu. Of
In the matter of the Jarvis-Mowatt cnange VI
the county road in Sec. IA. TWP. 81 n. ~ =;
w NJ, the surveyors report ana neio no reSe ID
said change having been filed ana apP9Io 49,
said change is ordered opened ana oio ioAu
vacated.
Resolution x oo,nty
Whereas 1t appears to the board OF COUNT
commissioners OF Stevens county. STATE y!
Washington that there are outstanding against
the current expense 1und OF stevens oounIr
Washington, warrants issued Dy sa,u ou,' ny
in the principal sum of s159 800. IA, between tne
10Th dav of November, 1906, and the 6th DAY OF
March, 1909 q portion OF when salo "all snat
are bearing eight per cent 70 per cent ihteieSt
and ,o ,o,, .oa,,
larlv issued for the ordinary current expenses
of said county, and are now outstanding. sup
sisting obligations OF sald county ior "iiioi
there are no funds available; ana
Whereas, A certain portion OF sald warrants
have been issued in excess OF the CONSTITUTIONS
limits Of the Indebtedness OF salu couity,
namely one and one-halt per cent l12 pei
cent OF the assessed value OF the property
therein and are therefore Invalid IN that par
ticular; and ., c.L a,, of
March 1909 other warrants have been issued
against the county current expense fund PRIOR
10 the issuance of the bonds hereinafter pro-
yided for in the amount OF 922,ZZ4.lo ana litef-
est; and ,u, -. o,,,+r
Whereas, 1t appears TO the board OF county
commissioners that the best interests OF sald
county will be subserved by borrowing money
and the issuance Of bonds for the redemption
Of said warrants and Interest thereon;
Be it resolved by the board OF county com
Inissioners Of Stevens county, washington, at
nm adjourned regular meeting thereof, held
This 18th day of July, 1909, that special elec-
ton of said county shall be, and The same IS
hereby called for the 7th day OF September
1909; and that at such special election so 70 De
held there shall be, and hereby IS, submitted
10 the electors OF said county the following
propositions, namely:
rent expense fund warrant Indebtedness in
Cured between the Goth day OF November 1906,
and the 9Th day of March, 1909, shall be ratified
and validated,
g. The question of whether or not said
county shall borrow money in the sum OF
S2O00O0.0O, and issue the bonds OF said county
therefor, provided that said bonds shall be
issued in four blocks as follows:
The first block OF 100000 to be issued, sold,
and the proceeds thereof TO be exclusively for
the REDEEM ption of $50 600. 90 OF the outstanding
current expense fund warrant Indebtedness Of
said county; and after the said $5O,OOO.OO OF
said onds have been so issued. sold, and the
plOceedS thereon applied TO the redemption OF
said warrant Indebtedness shall have been so
redeemed then the second block OF said bOnds
amounting to the sum OF S50,OOO.0O, shall be
issued. and when said second block of $50 600 90
shall have been SO issued, Sold and the pro-
ceeds thereof applied for the redemption OF
said warrant Indebtedness, and when such
Sj0,O0000 of said warrant Indebtedness has been
redeemed then the third block Oh said bonds
amounting TO the sum O. $5O,OO0OO shall be
issued, and when said third block OF 100000
shall nave been issued. sold, and the proceeds
thereof applied tor the redemption of said
warrant Indebtedness, and when such $50, 600 90
of SAID warrant Indebtedness has been so re-
deemed, then the fourth block of said bonds,
amounting to the sum of $4,000 90 shall be is
necessary applied to the funding of the re-
mainder Of said Indebtedness.
All of the tOnds herein provided for shall be
payable and redeemable twenty | 20 years
after date but said county may redeem all or
any part of said bonds at any time after the
expiration of ten 10 years. They shall bear
interest from and after the date of issuance
per cent per annum, to be payable semi
annually, both principal and interest of said
bonds to be payable either at the Office of the
county treasurer Of Stevens county, Washing
ton, or at the office of the state treasurer at
Olympia, Washington, or at the fiscal agency
York and state OF New York at the option of
the purchaser.
Be 1t further resolved, that the polls shall be
open on the day of said special election from
9 O'Clock a. N. until o'clock p. m OF the 7th
day of September, 1909.
Be it further resolved, that the county audi
tor shall cause notice Of said election 10 be
given as prov1ued by Lave W. Sutherland,
w. W. Bryant, S. S. Beggs.
The following bills were allowed: