The Ekalaka eagle. [volume] (Ekalaka, Mont.) 1909-1920, 1915-04-23

!iuebtedhess. or any part thereof; and that
liie interests of said county require thnt h,
funding bonds of and by the SAID cotIniy in
lhe aggregate principal sum of Sll5 mn, h,
issued i'll exchange for and in order to re-
uetll ana pay a like amount of said indeht-
'dness; and providing for the issuance. axe
cution and exchange of such bOnns Tor said
lhdthltdness outstanding. due and unpaid:
prescribing the forms of said bonds ana tn,
interest coupons to be annexed theretn. and
providing for the levy OF a direct an,,I,nl nd
yatL ! tnA on On AL the taxable property Of
sufficient to pay the interest accruinr on
said bonds prom ptly when and as the same
maintain a sinking fund sufficient to pay
the principal thereof at the time Of their
maturity; lining the other details of the is
this resolution shall be in full force ANA 81
feet from and after its passage.
whereas. In accordance with that certain
report.of 2lst February, A. ID, lal4 of the
BOARD or commissioners theretofore appoint
to I" , ~ I prot Eni"rno or ON Of SAC, SAID state pursuant
or Montana of 1911 as amended, now on file
ana a'"r' OF record il, the office of the county
county OF Custer, Montana. in the aggregate
principal sum OF $i4. 4S6.zO which w,th h.
interest accrued thereon to April 10. A. ID.
If TX a. M .iafs " - nn NC, TO "ptp pr Nih the sun
and which Indebtedness has been d.trr.
mined and is hereby nscertained and de-
~ q y" 'pis.,'u.e u Nalld. binding and
subslstlng obligation of said county now
outstanding, due and unpaid, and to my
Which. or any part thereof, there are no
'unds in the treasury of said county. md -
w hereas. The said county has. in additi,,
to the Indebtedness due and owing to Gust
CIR county, hereinabove and h~ereinbetorr
mentioned. an outstanding warrant indeh,-
run'ss amounting to the sum of SCI, yn4. rs
which with the interest accrued therenn 10
Aptll loth.. a; =. l915 Will nmoun to approx
l'late'A Sh7,5" is. lawfully Incurred for only
tIt oFtlllltlrN ana necessary nypanrnc x,r +l,
county authorized by the constitution md
Een"r'l laws of the state; that each item of
>;tld Indebtedness represents a clnim d1ly
verified as to its correctness and duiv nrn-
scented to and legally examined and nilowrd
ana approved and ordered paid by the board
OF county commissioners OF snid county nnd
evidenced by II warrant duly drawn ~ tl ,r
county clerk on the treasurer of said conn
~; tllat SAID warrants We're duly issued,
!uinhertd conStcutlVeIy in the order of
theIr Issuance, and registry thereof made
ny the county clerk,--all as and in the man
'1rl provided by section an46. revised codes
of Montana of 1907: that all of said warrant,
We're at the tune of their issuance dpiiynrrd
to the paytrs therein named. respectively
ana tfat an OF said warrants have hereto
=. ~ ~ "et ~ prusehtud 70 me county. t%reas.lr-
~ lof payment and ment refused for
want OF funds, and are now outstnndiop
'lll' ana unpaid, together with interest ar-
"rled thereon from the date of their roofs
tration at the rate of six (6) per cent,,n, nor
tnnum: and which indebtedness has been
lettflhlleu and is hereby ascertained and
~ W. w NolISIittl.lt lnb Nl)1u- hinIinp
ana suhslstlng obligations Of said county
now Outstanding, due and unpaid, ana 10
ols when or any part thereof, there are
u u ,,lius IN ,ne treasury of said county and
II mas btel further determined and is here
10y iscertaln"d and declared that in the is
sIl'' a OF the said wnrrn--ts, the said .coun-
- ulu hot ior any single purpose incur an
indeDteuntss or liability to an amount ~
veedlng $4,000; and
Whereas, The total indebtedness of said
county now outstanding, of every kinu n AND
tflttIutlbt. 1ntItl1JnE ali nntrn.f l~,, 81
warrant, or other obligations and t1outinp
- 9 o. !, o mounts to the principal sum
y n III i, 4oo;.'' eN.llslve OF interest which on
mately $4,6ll.5l, and which represents the
amount due Custer county and the warrant
hereinaboNe and ]preinhafnrr
iilehtlohtd' ana to pay which, or any part
thefeo1, there are no funds available in the
treasury of said county;anu
hereas, The total valuation of all tn,
taxable property in said county, as shown
nS the assessment roll compiled in the VEN
l.l4' as ma ~ capitalized by the state board
reorganization and the board OF county com
,',sioIers OF az county for state and coun-
tS purposes, Is &.0o9,27l 90; and that Accord
ing to the report of the board of commits
,lontrs appointed by the governor of the
state pursuant to chapter IL. session laws
of 1911. tn" total valuation OF said tnxahit
property for the year 1913 WAS ST ,54s. ~. 100:
and
Whereas. Section 29o5 of he revised codes
or Montana OF 1907 as amended by act Of fine
Legislative assembly OF the state passed ri
IL, fourteenth regular session and approved
by the governor on the Goth day of Frbrunry.
a. -, 1913, provides as follows:
The board of county commissioners of
any county is hereby vested with the now
tr and authority to issue and negot1utr on
the credit OF the county, coupon bonds tonn
ia1'iount Slnlrltnt to enable the county tn
redeem all legal outstanding bonds var.
rants OF orders; Or for the purchase of nee
e,si,rS public building sites. and for,he con-
,lfuttloh OF necessary public buildings, pub
nc highways ana DriUpt,S and fnr : n., ,,,Ij
nary ana necessary expenses of the county,
authorized by the general laws of this
any county to liquidate its indebtedness to
another county incident to the creation OF
a new county. or the change of county
boundary lines, not exceeding in 1hr u5pr "a.
gate. Including outstanding bonded iu,Inht-
'dn"ss, five per cent t5ic) OF the value OF the
lhNhb1e property within such county to be
, ,nu 10y tine iast assessment lor stat.
,'hu county thXes previous to issuing such
bonds. such bonds are redeemahlr md
paAa''e at such a time not longer than TWEEN
" '2Ul years after the date thereof. us ma
board determines. and interest which >,,nn
bonds bear must be fixed by the board MOI
"Nr",'llng SIX per cent t6'c' per annum, and
ne represented by interest coupons puyaIlr
rl~nl,innlliilly on the first days OF january
and July of each year." '
Aud whereas, 1t is by this board ndiudped
and determined that there is I'D wav
ana OWING TO- the said Custer county and
The outstanding warrant Indebtedness ri
tnr county,. or ans part thereof, except by
ANA through the issuance of the fuI,Iin1
pol,i,"l 1hr said comfy in exchange" tor
ana IN order to redeem and pay the jnd.ht.
run"ss as and in the manner hr~r.in,nn~.
ANA htfhlllhtiOrr mentioned; ana
Whereas, it is 10y this board deemed n,d
II il hereby declared that me interests nt ~.
county Require 1t, and that 1t is moi aim.
necessary nut tA pcdirnt and Desirable In,
We ntIn'ianle lundlng bonds OF ana by the
oalu county ~ the aggregate priuripuI SIM
OF 81 lo,'ao y" issued IN exchange for uuI in
ord'r1o redeem and pay n like amount If
Tue llid'htrulltss of said county now nut-
nthholhG, due and unpaid AS aforesaid; Now.
Therefore, IN consideration of the prrunisa.
BE IT Resolved and Ordered by tn. Ho, ri
OF County commissioners of Fnllon County
us follows:
/. That the amount of Indebtedness d,o
ana OWING by >iild county to Custer cnlntv
ana now outstanding, tue ana nm,
liiu, be ana Tn" same is hereby usr.rtujn.d
ana u"ltrll1il"d by said board to be Sll ,s,; ~
" men with The interest accrued thrr,,, ~
y pr 10, \. ID, 1918 Will amount to nrnrnxi
the sun OF $41 ,jM}. ~, winch linden cd
ness represents the amount due rI,st",
county IN hrrnrdhnt" with that certain re-
port OF 2lat February, A. II. 1911 of tho hn,r,I
~ commissioners heretofore Hpp,int.L hw