Sioux County pioneer. (Fort Yates, Sioux County, N.D.) 1914-1929, 1915-10-15
OFFICIAL
PROCEEDINGS

m ONAA D4lN No
Minutes of the Meeting of the Board
Of Commissioners, Sioux County,
N. D., Held October q.
Resolution of the board OF County Com.
missiopers OF Sioux Comfy authoriz-
ing the issuance OF $4,000 in funding
bonds of said county and providing
for the levy, collection and appropria.
tion Of sufficient tax TO pay the en-
tire principal and interest thereof
when due.
At meeting Of the board OF county
commissioners of Sioux county, North
Dakota, held on the 4th day of October,
A. D. 1915, at which time the following
commissioner were present: j. e.
Leach, j. A. Stiles and w. W. Butolph,
and none absent, the following proceed
ings were had, to.wit:
MIR. j. g. Leach introduced the follow.
ing resolution and moved its adoption:
Whereas since the organization Of
/ Sioux county certain expenses have been
| incurred for which county warrants have
! been issued in the sum OF $4,000 for
/ which there are no available funds with
which to pay same and it appears to this
board that to provide for the payment of
same by the levy and collection Of taxes
| for the years Immediately following
would be burdensome upon the tax pay.
ers of the county.
Aud whereas such warrants are out.
standing and drawing high rate of in.
| te7est, it seems advisable and to the
best interest Of Sioux county that fund
/ ing bonds be issued in accordance with
the provisions of Article ~ Of Chapter
Al of the compiled laws of North Dakota
Of 1913 for the purpose OF providing
] funds with which TO take up and retire
such warrants. 1t further appears that
such bonds when legally issued can be
sold to the state Of North Dakota at par,
! if issued to bear interest at the rate of
per cent. per annnm payable semi. an
nually, now therefore:
Be it resolved, that funding bonds in
/ the amount OF $4,000 be issued as fol-
lows: Twelve bonds for $1,000 each,
numbered from to II inclusive, bond
number to become due October 18th,
1924, bond number 2 to become due on
October 18th, 1925 and one bond on
! October 18th Of each succeeding year
thereafter up to and including the year
1885 when the 10 t bond shall become
due and payable. All OF said bonds to
bear day Of October 18th, 1915, to bear
interest at the rate OF 4 per cent. per an
NUN payable semi-aDnually on October
/ 18th and April 10Th OF each year. Each
bond to have proper interest coupon at
/! tached to cover each installment OF in
terest which will become due thereon.
The principal and interest OF said bonds
to DO made payable 10 tho state OF North
| Dakota or its order. The chairman OF
i this board is hereby authorized and d.
reeted to sign each bond and each cou-
pom thereto attached; each bond and
coupon shall also be attekted by the
county auditor of Sioux county. Such
bonds shall be issu ID in strict conform.
ity with the requirements Of Article %
of Chapter IL of the compiled LAYS of
! North Dakota of 1918 and shall be strict.
ly in the following form, to.wit:
! Authorized by Article 90 Of Chapter al
of the compiled laws Of North Da-
kota Of 1918.
FUNDING BOND
COUNTY OF SIOUX
Fort Yates, North Dakota.
October Is, 1875.
For value received the county of Sioux
of the state OF North Dakota, being
body corporate for civil and political
purposes, with capacity under existing
laws to sue and be sued, and to execute
This boEd, hereby acknowledged itself
indebted and firmly bound unto the
state of North Dakota in the sum of
One Thousand Dollars
which sum the said county OF Sioux
promises to pay to the state Of North
Dakota, or it's order, in lawful money OF
the Unlcd States, at the Office. OF the
treasurer OF said state at his Office in the
city of Bismarck in said state OF North
Dakota, on the fifteenth day Of October,
a d. 49,, together with interest there.
on at the rate OF four per cent. az per
anrum, payable semi annually on the
fifteenth day OF April and October OF
each year at the Office Of the. said state
treasurer, in the city of Bismarck, North
Dakota, according to the terms and con-
ditions OF the coupons of interest hereto
attached and numbered respectively
from one ely TO ........t....) inclusive.
This bond is one of series of twelve
U2) bonds bearing even date herewith
and numbered respectively from one (n
to twelve az; inclusive, all Of like tenor
and amount, and maturing as follows:
Bond NO on October fifteenth, 1924 and
one bond annually thereafter on Octo-
Der 18th of each year.
This bond is authorized by resolu.
ton legally passed and adopted by the
board of county commissioners of said
Sioux county on the 4th day of October,
A. D. 1915, by which resolution provi-
sion has been made for the collection Of
an annual tax sufficient to pay the inter
est on this bond and also to create a
sinking fund to pay the principal hereof !
when due, and which resolution is ire
peaIabe until the debt secured by this
bond shall have been fully paid, accord I
ing to Section 1874 OF the constitution of
the state of North Dakota.
This bond is issued under the provis-
ions of Article % of Chapter Al OF the !!
compiled laws of the state of North Da- I
kotu of 1913 and is issued for the sole
purpose of funding like amount OF the /
outstanding Indebtedness OF said county, /
which ind. 5tedness is represented by
county warrants which have been legal. .
iy issued and are now outstanding and
unpaid. T
And it is hereby certified and recited .
that all acts, conditions and things re-
quired by law to be done precedent to
and in the issuance of this bond have
been properly done, happened and per.
formed in regular and due form as pre-
scr!bed by law, and that the total it,
doLt adnncs NJ sai6 Giouy county incIllC.
ing this bond does not exceed the stat