The Washburn leader. [volume] (Washburn, McLean County, N.D.) 1890-1986, 1911-03-24

lowing vote: Commissioner L.. Bergquist voting
yea, and D. e. Wright, Commissioner, voting
yea, and no Commissioner voting nay, Com
missioner Alexander Miller not present. Said
motion was declared carried.
!, Now Therefore, be it resolved by the Board OF
County Commissioners of Mclean County in
the State of North Dakota, that pursuant to
law and especially with reference to Chapter
2lO of the laws of the Eleventh Session OF the
Legislative Assembly of North Dakota, this
Board proceed to and do issue the negotiable
bonds of said county of Mclean in the aggre.
gate sum of Fifty Thousand Dollars. [$5o,o0O.
co.. in denominations of Five Hundred Dollars,
[%$5oo0Ol each. or any portion of said Fifty
Thousand Dollars, [$5o.OoO.OO] bonds. The
proceeds of said SAFE to be exclusively used
for the purpose of seed grain for needy farmers
resident therein; such bonds to be in the de-
nomination of Five Hundre Dollars, [$5OO.0O]
each, to bear the date of issue, A. D. 1911. and
to mature two years from date thereof, to bear
interest at the rate of seven per cent DER annum.
payable semi.annually, with coupons attached,
representing each interest payment. Both
bond and interest to be made payable at the
Office of the Wells and Dickey Company, Min
neapolis, Minnesota, and to be numbered from
one upward, and the proper officers of said
county, to-wit: The Chairman of the Board of
county commissioners and tho county auditor
are hereby authorized and directed to execute
such bonds in proper form, and when so
executed to deliver the same to the county
treasurer to be by him delivered to the pur.
chaser, the Wells and Dickey Company, or
order, and in the execution of such bonds and
coupon the said Off GERS are hereby authorized
to have their signatures to the coupons litho.
graphed, and be it further RESOLVED that in
each of the hereafter mentioned years there
shall be levied and assessed upon the taxable
property within said county the sum, respect
as follows: For the year 1911 and 1912,
the sum of S26, 5000 for the year 1911, and $780,
1000 for the year 1912, for the purpose of pay
ing the principal and interest of the bonds is
sued under this resolution, such sums so levied
being sufficient to pay the interest on such
bonds as it falls due, and also to pay and dis
charge the principal thereof as the same shall
fall due, aud the county auditor. the clerk of
this Board, is hereby directed in the year 1911
and thereafter. in the year 1912, to include the
amount recorded by this resolution to be
raised by taxes and in each of said years,
respectively, in the amount of total tax levy,
however, that in case a sufficient
fund has been paid into the county TREASURY in
any one year on or before November first to
meet the interest and sinking fund provided
for in this resolution, then there shall be no
lax assessed for such purpose in that year, and
further. that in no year shall there be
> greater sum assessed than will, together with
The balance at that date in the treasury be-.
to said seed grain fund, be sufficient to
meet said interest aud sinking fund promptly
Enr that yonr and ho r. F,,rkhSr HE2
Resolved, that a contract of this sale Of said
bonds having been made by this board with
Wells and Diciey Company . corporation, at q
price to-wit: The Wells and Dickey's offer
being as follows: