The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1915-02-26
provided, the same shan not be sold |

tprovided, the same shan not be, solf
for less than their par value; and pro.
vided further, that the said board ma,
reject all bids. and postpone the sale
Of said bonds for a time not exceed
ing fifteen days.
Section 4. The proceeds arisins
from the sale of said bonds shall n
paid by the purchaser thereof to TIKI
county treasurer of the county, o,
his authorized agent at the time of the
delivery there, and such proceeds shall
be paid out only on the order of the
board of county commissioners.
"Section 5. The said board may. in
it's discretion, require the court,
treasurer to give an additional bond
with sureties to be approved by the
board, in a sun to be determined BY
said board, before the proceeds Of
said bonds are paid into the treasury,
"Section 6. For the purpose of Sc.
curing prompt payment of the princip.
al and interest, Of said bonds, there
shall be leyied by the board Of coun-
ty commissioners at the time and in
the manne other taxes are levied,
such sums as shall be sufficient to pay
such interest, and in addition thereto
a sinking fund tax shall be annually
levied sufficient to pay and retire said
bonds at their maturity, and it shall
be the duty of the county treasurer
to pay promptly the interest upon
said bonds as the same shall fall due.
No tax or fund provided for the pay
ment of such bonds, either principal
or interest, shall at any time be used
for any other pupose, provided, how
ever, that the board of county COM
missioners may direct the county
treasurer to deposit any part or por-
ton of the sinking fund herein pro-
vided for, in any bank furnishing sat-
isfactory security to the state of Mon
tana, to be approved by the board,
and receive interest on the same,
which shall be credited to said sink
ing fund. Before the bonds are de-
livered to the purchaser the treasurer
of the county shall register them in
a book to be provided for that purpose,
known as the bond register, in which
register he shall enter the number
of each bond, its date, date of matur-
ity, amount, rate of interest, to whom,
and where payable. 1t shall be the
duty of the treasurer when said bonds
or any coupon attached thereto are
paid, to cancel the same in writing
upon the face thereof the word "Paid"
and the date Of payment. The board
of county commissioners may issue
warrants instead of bonds, if in their
Judgment the best interest of the
county are hereby served; provided,
that such warrants shall not be issued
in any single amount to exceed three
thousand dollars.
"Section 7. The fund arising from
the sale of said bonds or warrants
shall be applied exclusively by the
said board for the purchase of seed
grain for residents of the county who
are unable to procure the same, pro-
vided, that not more than one hun
dred bushels of wheat or it's equiva-
lent in other grain shall be furnished
to any one person.
How the Act Works
"Section 8. All persons entitled to,
and wishing to avail themselves of
the benefits of this act, shall file, with
the county auditor, or county clerk
of the county where said applicant re-
sides, on or before the first day OF
April, an application duly sworn to
before said county auditor OF county
clerk , or some other officer authorized
to administer oaths. Said applica-
ton shall contain a true statement OF
the number of acres the applicant has
plowed or prepared for seeding, how
many bushels and what kind of grain
he will require to seed the ground sc
prepared as foresaid, how many bush.
els of grain the applicant harvested
in the preceding year; that the ap'
plicant has not procured Or is moi
able to procure the necessary seee
grain for the current year; that hi
desires the same for seed and NJ
other purpose, and that he will moi
sell or dispose of the same or an.
part thereof, but will use the samt
and the whole thereof in seeding the
land so prepared OF to be prepared fol
crop. Said application shall also con.
tain u true and full description OF
all the real and personal property own.
ed by the applicant, and the incum.
brances thereon; and a true descrip-
ton by government subdivisions OF
the land upon which the applicant in.
tends to sow said seed again. All
apnlicatiOns Ela1 nndor tho proy;c;opc