The Ekalaka eagle. [volume] (Ekalaka, Mont.) 1909-1920, 1915-04-23
Count! treasurer in and for
Fallon county. Montana.

fetal signature.
County treasurer in and for
Fallon county. Montana.
10. That each of the bonds hereby author,
lied shall he signed by the chairman of said
board and the county treasurer. counter
signed by The county clerk and by him seal
ed with the corporate seal of said county,
which seal shall he impressed thereon: and
each of the II interest coupons to be attach
ed toeach of sad bonds shall be executed
officers, and they are hereby authorized.
ordered and directed to cause said bonds
and coupons to be prepared substantially in
the forms. respectively ,hereinabove set forth
and to execute the same for and on behalf
1 of said county as and in the manner nfore-
said that after their execution and before
Indebtedness aforesaid. they shall be regi>t-
cred by the county, treasurer in Il book kept
show each bond, its number. date of isSl1-
ance. amount, date OF maturity. and the
name and postotiice address of the party or
parties to whom he same are delivered: and
the said county treasurer shall endorse Il
certificate of such registration upon the re-
verse side of each of said bonds; that said
bonds and each of them, when SO registered
toy said treasurer, shall be by him delivered
in exchange for the Indebtedness aforesaid,
dollar for dollar. and in such a manner that
til" principal amount of the Indebtedness of
the county is not permanently increased by
the issue thereof. but when said bonds shall
III, We been delivered to the party or parties
rl.tit led thereto. their legality or the legali-
ty of the Indebtedness funded thereby shall
not be open to contest by any person or per
sons. corporation or corporations, or by said
county for any reason whatever.
Il; That the interest falling due on the
said bonds on July |, A. y, 1915, shall be and
the ann is hereby ordered appropriated
and paid by the county treasurer out Of amy
moneys in the general fund and for the pur-
pose of providing the necessary funds to re-
imburse Snid general fund for the amount
50 borrowed from it. and also to pay the in
terest nrcruing on said bonds subsequent to
~, 4 Il, 1t1s ,>r,,,, ~ J- ,,-Ir,, .-l .+ @lAt
same falls due. and TO constitute and MAIN
tain a sinking fund sufficient for the dis
charge Of the principal thereof at maturity.
there shall be and there is hereby levied up
on all of the taxable property Of said colln-
is, in addition to all other taxes, the follow
ing direct annual ad valorem tax, to-Wit:
IN the year 1918, q tax sufficient to produce
the net sum Of sl4,a5o, being IS, 2oof for Interest
and s., $50 for principal.
In each Of the years 1916 to 1898, both in
elusive, a tax sufficient to produce the net
terest and $3.50 for principal.
In the year l"si; g tax SUFFICIENT to prodnr"
est and s., $50 for principal,
and said tax when collected shall. by the
treasurer OF said county, be kept in q sepa-
rate fund to be known as and designated
Funding bonds dated March l, A. ID. lal5,-
interest and sinking fund" which shall be
irrtvocably pledged to and used solely for
Of the said bonds hereby authorized when
due, SO long as any Of said bonds or the in
terest coupons attached thereto appertain-
ing remain outstanding andunpaid; and for
greater certainty the board IL of county COM
missioners of s,id county shall in each Of
said years 1915 TO 1894, inclusive include the
in the annual estimate for said county for
such year, and said bond tax shall in each of
said years be certified, extended upon the
tax rolls and collected by the same officers.
in the same manner, and at the same TINE
is the taxes tor general county purposes for
said county are certified, extended and col
Iected.
l.. That on the 18th days of june and De-
CENT er, respectively, in each year. so long
Is any OF the interest coupons appertalning
>urd-remain outstanding and unpaid, the
treasurer of said county shall and he is here
by. hnthorized ord cred and directed to re-
init by New York draft Othe National Bank
# Commcrce, i'm the city and state of New
York, US A. sum sufficient to pay the
,emi-nnnual interest acrruing on said bonds
m tn" first days of January and July, re-
>pectiNely, in each year, and any ard all eS-
crow rhnrgts made by said bank for hand,
Februnry, 4. i. 1895, the said county treasur-
nr shall and he is hereby authorized, order
ed ana directed, IN addition to the sun re-
Guired to meet the interest accruing on
said bonds as and in the manner hrreina-
boy" mentioned, out Of the sinking fund
created under the provisions of this resolu-
ton, to remit by New York draft to the Ma
tionhl Bank of Commerce., in New York, U.
;. A sum sufficient to pay the principal
amount of all of the said bonds outstanding.
together with all interest accrued thereon
TO March |, a. u. 1885, and any and all escrow
charges made by said bank for handling the
same,
la. That the chairman and clerk of said
board, and the clerk and treasurer, res pect-
lively, OF said county tor any or either of
th"m1, are hereby authorized, ordered and
directed to furnish the aforesaid party or
parties receiving the said bonds in exchange
for said Indebtedness With such certificates,
trnnsrript, or other documents as will fully
evidence the proceedings had preliminary
to the issuance of said bonds, he regularity
and ~llf'icirncy thereof, and the validity Of
the Indebtedness due and wing to Custer
county and the said warrant Indebtedness
and the acts Of said officers in the premises
ire hereby declared authorized, ratified, APP
proved and confirmed.
II That the provisions of this resolution
and chrh of the funding bonds and pnch Of
constitute and the sam. are hereby declar-
ed to b" !: binding and i~rrcvocnblr contract
between said county and the pArtips receive
ing said bonds and the holder from time to
time of each of said bonds and the interest
coupons thereto npp"rtnininp.
-, That an emergency is declared to ex-
ist and this resolution shall be in full force
and effect immedintrly upon its adoption
> and shall be irrppenlahle until the indebted
interest. shall have been fully paid, satisfied
and DISCHARGED.
Is. That all resolutions and orders. or
parts thereof. heretofore adopted in con-
llict with the provisions hereof, be and the
same ar" hereby repculrd."
Approved; I. a. Fitzsimmons,
Attest: F. C. Bum,
Clerk,