The Dickinson press., 1910-10-15

from $2l7. 81 to ......... 1874 81
item publishing annual
report not allowed.
North Star Lumber Co., bill
tor lumber and culvert was
reduced from $657. SIS to :. S 628 IS
the item one culvert not
allowed. : -.
Julius Hollst, lumber and
mans ............. ,..s.. = 24O 10
n. l. Ayers, printing bids I 10
j. c. Parker & Co., suppiies-=
for pest house ........... s Is
The auditor was instructed to notify
+; F.; Davis of Taylor to move, his fence
back the proper distance from the sec-
ranRe 80.
The auditor was inls,tructedto forward
q warrant to L. l. Lewis insnayment, of
fence along both sides OF road through
sec %. twp 140, range SO. at 80 cents
per rod.
BOMBS 81,
In the matter of issuing Funding
Bonds to take up floating indebtedness Of
the county, the former. resolution of
December 10th, 1909, . being defective,
the following new resolution was offered
in lieu thereof for the purpose therein
That. whereas the county IL of STARK in
the State of North Dakota, has outstand-
ing warrants amounting to $50, 600. in
excess of the amount raised for taxes in
the year 1909 for general purposes. and,
whereas said warrants draw interest at
the rate of seven per n per annum.
and whereas in the judgment of the
board of county commissioners of said
county it is deemed to be the best inter-
ests of said county to issue negotiable
bonds in the name of said county for
the sole purpose of funding said put
standing Indebtedness represented by
said warrants.
Now therefore, it is hereby formally
resolved by the board of county COM
missi0ners of said county of Stark, state
of North Dakota. consisting of Herman
Leutz, D. W. Mckenzie and Gus Ander-
son, at its regular October 1910, meeting
that said Stark county, North Dakota,
issue its negotiable bonds in the name
of said county in the sum of $50, 900.
for the sole purpose of funding the out
standing Indebtedness of said county
represented by county warrants amount
ing to said sum.
And be it further resolved, that said
bonds be issued in denominations of
ST, 900 each that they bear the date of
their issue that they be made payable
to the order of the purchaser twenty
years from the date, and bear interest
not to exceed four per cent per annum,
payable semi-annually with coupons
attached for each interest instalment ;
that said bonds and coupons shall be
signed by the chairman of the board of
county commissioners. and attested by
the county auditor, and that the seal of
said county be affixed to each bond, but
not to the coupons.
Be it further resolved, that said bonds
be sold to the safe of North Dakota at
not less than the par value thereof. and
that the proceeds be applied solely to
the payment of said Indebtedness repre-
sented by said outstanding warrants.
NOW, THEREFORE, Be it resolved
and il is hereby resolved by the board
of county commissioners of the county of
tStark and the state of North Dakota,
that the pursuant to the provision of
section 1874, of the constitution, and
section 2559, of the Political Code of the
state. of North Dakota, of 1905, there be
and is hereby levied an annual tax or
OH SdAao10 piODCLty VI tNo county VI
a Stark, estate, of North Dakota, for the
ahnuaf interest on, and also to put in
the sinking fund to pay the principal,
when due, on the bonds h%ereinbefore
Idescrihed, which levy shall be for the
years and for the amounts as follows,
to-wit: 81, 400. 90 annually, shall be
sElsvied for. the wears 1911 to 1880 in
:Ec1usive, for the purpose of raising funds
to pay the annual interest upon said
bonds which interest is due on the Isl
day of November of each year 1911 t.
1880 inclusive, being, $40. 90 interest
annually IN each Of the:$1, 900. 90 bonds
above described s., 900, 90 shall be an.
nually levied for the years 1911 to- 1880,
inclusive, for the purpose of creating 6
sinking fund to pay the principal upor
each of said bonds herel xbefore de-
scribed.
BE IT FURTHER RESOLVED, and il
is hereby resolved that the county audi.
tor of said county of Stark, and each o.
his successors in Office is hereby author
lied and directed TO cause said levies II
be annually spread. upon the assessment
books and tax lists of said county and
collected according to law, and that the
moneys collected from the levy Of take
So made shall be covered into separat,
and distinct funds to be designated up
on the books Of said county as RE
funding Warrant sbond interest Fund.-,
and ''Refunding Warrant Bond Sinking
Fund" or similar designation, and ii
the moneys so collected and covered in
to the said Rebuilding Warrant Bone
Sinking Fund. shail4:oA November 1st O
any year be insufficient to pay thu
interest on said bonds then due. ther,
shall be- transferred to said fdnd from
the general fund Of the county. al
amount sufficient to make up the amour
necessary to pay said interest, and
warrant shall be there upon immediate!!
drawn on said bond interest fund il
payment of said interest on the bond|
above named. ~.
BE IT FURTHER RESOLVED, Tha
the moneys collected from the levy Of
fovoa horoin modo for c;pL;nd fund oho1