Courier Democrat. (Langdon, N.D.) 1891-1920, 1912-12-19

Resolved further, that all the fore
going bonds and interest coupons shall
be made payable in the Office of the
county treasurer of said Cavalier
county, in the City of Langdon, North
Dakota and said bonds and int rest
coupons shall be signed in behalf Of
said Cavalier county by the Chairman
of the Board of County Commissioners
and countersigned by the County
Auditor, and the corporate seal of
the County shall he fixed to each Of
said bonds. said bonds and coupons
shall be substantially in the follow
ing form. to-wit:
HUNTERS LAKE DRAIN NO. /,
United States Of America,
State of North Dakota, County of
Cavalier.
Hunters Lake Drain No. l Bond.
Know all men by these presents:
That the County of Cavalier, in
the State Of North Dakota. for value
received, hereby promises to pay to
the bearer, or the Sth day of January,
1918, the principal sum Of Five
Hundred Dollars with interest thereon
at the rate of Six per cent per annum,
payable semi-annually, on July 9Th
and January Sth Of each year, as
evidenced by and on the presentation
and surrender of the annexed interest
coupons as the same become due.
Both the principal and the interest
thereon are payable at the Office of the
County Treasurer, of said County Of
Cavalier, in the City of Langdon,
N. Oak.
This Bond is one of the series of
Hunters Lake Drain No. 1, Bonds of
the same date, a%ggregating $........
of S........is payable in five years,
S payable in ten years, &c.,.
is payable in fifteen years, respective
ly, from the date thereof. This series
of bonds is issued for the purpose Of
paying the costs and expenses of
establishing and constructing "Hun.
ters Lake Drain No. L." within said
County Of Cavalier, in all respects
strictly in accordance with the provi-
sions Of and pursuant to the authority
contained in Chapter 90 of the Politi-
cal Code, CT the Revised Code OF 1905,
as amended by Chapter SO, Laws of
1907. and Chapters 1874 and 1875, Laws
of 1911, Of the State Of North Dakota;
and that asid bond is payable only
from the sinking fund created from
the levy of and assessments under
the provisions of and as in said
chapter amended, provided, it being
made the duty Of the Board of
County Commissioners hereunder to
provide sinking funds for the payment
Of said bonds and interest thereon
and the said board covenant and agree
with the holder thereof promptly to
levy and collect the said taxes and
, assessments and to apply the same to
! the payment of the said interest and
, principal of this series of bonds as
the same become due.
= In witness thereof, the Board Of
County Commissioners Of the said
, County Of Cavalier, has caused this
bond and interest coupons hereto
+ attached to be signed by its chairman
!, and countersigned Ly the County
! Auditor. and the corporate seal of said
9 county to be affixed, all as of the Sth
day Of January, 1918
Chairman of the Board of
! County Commissioners.
Countersigned:
. ' . > > . . .
County Auditor
Resolved further, that the proceeds
l from the sale of said assessment of the
Bonds shall be used for the purpose of
paying the warrants issued to pay the
costs and expenses incurred or to be
= incurred in obtaining the right-of.
way and in locating and constr ucting
the said drain on account of which
the said ponds are issued. Separate
, and distinct accounts shall be kept in
the case of each series Of bonds issued
y and of the proceeds and sales thereof
i and of the taxes and assessments col
, lected on account thereof.
Fifth. Resolved further, that it
3 is hereby made the duty of the County
, Auditor or other proper officers in
due and apt time to levy and extend
, and cause to be levied and extended
the necessary assessments to meet the
, payment of said bond and of the iu-
Q terest Of said bond and to provide a
, sinking fund to pay the principal
; thereof; and the County Treasurer or
other proper officers to see to the COL
i lecting of said taxes and aeessessments
, so levied and the said SPECIAL taxes
. and assessments shall be levied, COL
! lected and enforced in the same man
ner as other taxes.
Sjyth. Resolvad further. thai