The enterprise. [volume] (Harlem, Mont.) 1899-1926, 1910-03-30

OFFICIAL PROCEEDINGS
OF COUNTY COMMISSIONERS

At ten O'Clock a. m. March 7th, the
Board of County Commissioners OF
Valley county, Montana, met in reg.
ular session, pursuant to law, A
Davidson, William Mcbride, j. T.
Farris and the Clerk present.
Minutes of special meetings held
January 14th, February 7th, February
23d and March 2, 3 and were read
and approved.
On motion of A. Davidson. second
ed by j. T. Farris, the following
resolution and form of bond for $S3,
100000, Valley County Refundlng
Bonds, was adopted
Whereas, Valley County has out
standing it's legally issued warrants
to the amount of Eighty-three Thou
sand Dollars 1888 900, bearing inter
est at the tate of six (8) per centum,
per annum, which can be funded in
to bonds bearing less rate of interest
and thereby effect a large saving to
the county, and
Whereas. the said warrants are now
the outstanding, binding and subsist-
ing obligations Of Valley county and
can be called for payment at the op-
tion Of the county, therefore
BE 1t Resolved by the Board of
County Commissioners of Valley
county, Montana, that for the pur-
pose Of funding at lower rate of
interest said outstanding warrant in
debtedness Of Valley county, there
are hereby directed to be issued
eighty-three (s3) Funding Bonds Of
One Thousand Dollars $4,000 each,
dated the third day of January, 1910,
and becoming due twenty (20) years
thereafter, which said bonds shall
bear interest evidenced by coupons
at the rate of four and one-half AK
per centum per annum. payable semi
annually on the first days of January
and July in each year, both principal
and interest of said bonds to be made
payable at the Harris Trust s. Saw
ings Bank in the city of Chicago,
Illinois. Said bonds shall be sealed
with the county seal and said bonds
and coupons shall be signed by the
Chairman Of the Board of County
Commissioner and the County Treas.
urer and be countersigned by the
County Clerk; and said bonds shall
be substantially in the following
WNIrED Unit STATES OF AMERICA
STATE OF MONTANA
Valley County Funding Bond.
No $1,000
Know all men by these presents
that the county Of Valley in the
State of Montana for value received
promises to pay to bearer One Thou.
sand Dollars lawful money of the
United States of America, on the
third day Of January, A. d. 1880,
with interest on said sum from the
date hereof until paid, at the rate OF
four and one-half All per cent. pei
annum, payable semi-annually on
the first days of January and July in
each year ON presentation and sur.
render of the interest coupons here.
to attached. Both principal and in.
terest of this bond are hereby made
payable at the Harris Trust & Sav.
ings Bank in the city of Chicago
Illinois.
This bond is issued by the county
OF Valley for the purpose of funding
at a lower rate of interest the out
standing warrant Indebtedness OF
said county, pursuant to the pro.
visions OF Article III, Chapter II
Title II, Part w of the Political code
OF Montana and in conformity to q
resolution of the Board of County
Commissioners of said county duly
passed. And it is hereby certified
and recited that all acts, conditions
and things required by the laws anC
constitution Of the State of Montana
to be done precedent to and in the
issuance of this bond have been prop
erly done, happened and been per
formed in regular and due form az
required by law, that the warrant in
debtedness funded into this bono
was and is valid, binding and sub
sisting obligation of Valley county
and that the total indebtedness o1
said county, including this bond
does not exceed the constitutional Ol
statutory limitations.
In witness whereof the Board Of
County Commissioners Of VALLEY
county, Montana, have caused this
bond to be signed by the Chairman
of said board and by the Count,
Treasurer, countersigned by thu
County Treasurer, countersigned by
the County Clerk, with the county
seal hereto affixed, and the coupons
hereto annexed to be executed by tn.
engraved fac-simile signature of sai(
officers this third day of January, A
d. l91O.
VIM. Mcbride, Chairman
Signed and registered:
County Treasurer
Countersigned:
County Clerk
Form of Coupon.
January
On the first day of July A. d. 19-
the county of County of Valley
Montana, promises to pay to beare
at the Harris Trust 4 Savings Banl
in the city of Chicago, Illinois, TO-
interest due that day on it's Fundin,
VIM. Mcbride, Chairman
County Treasurer