The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1915-08-06
COMMISSIONERS
ISSUE BONDS
County Board Provides for TAX.
ing up of Warrants
WILL BENEFIT THE COUNTY
Financial Condition Will be Placed
on Better Footing, Eliminating
Discounting of Warrants.

For the purpose of placing the
county's finances in a sound condi-
tion, and to remedy the discountinp
of warrants, the County Commission
ers at their regular meeting Tuesday
decided to bond the county in the
amount of the registered warrants
now outstanding.
AS the county warrants are now
being discounted five per cent. it
works hardship upon many of the
people who pay out cold cash and
are paid with these warrants that
are discounted, entailing a loss to
them.
AS the financial condition of the
county was none too good at the
first of January, 1915, and there was
no relief in sight, the discounting was
unavoidable. By taking up the regis
tered warrants in the Road, General
and Bridge funds that are now draw
ing six per cent interest with the
money received from the bonds, the
finances will again be placed in a
healthy condition.
The proposition of Mr.. j. w. Hyer
representing Keeler Bros, of Denver,
was accepted by the commissioners
to furnish the bonds at 5k per cent,
payable in twenty years and redeem
able after Is years.
On deciding to take this course to
better the financial condition of the
county, the Commissioners adopted
the following resolutions:
"Whereas, our Road, Bridge and
General Funds were found to be in
such condition on the first Monday
in January, 1915, that our warrants
were being discounted. condition
heretofore unknown in the history of
Valley County, and as result all
persons having claims against Valley
County are being unjustly used in
that in many cases claims where ac-
tual cash has been paid out in in
curing expenses have been paid in
warrants that have been discounted
be it therefore
RESOLVED, That in order to rem
edy this state of affairs and take up
registered warrants which were draw
ing six per cent interest, we, the
Board of County Commissioners OF
Valley County, Montana, deem it te
the best interests of the taxpayers tt
issue funding bonds at lower rate
of interest than our warrants are
drawing, and take up the outstanding
warrants, and be it therefore
RESOLVED, That the proposition
of Mr.. j. w. Hyer, representing Keel
er Bros. Of Denver, Colo., to purchase
frcm 100000 to $135,C00 funding
bonds at 51a per cent, payable II
; twenty years and redeemable after
Is years as shown below be and the
same is hereby accepted"
By selling these bonds, the debt OF
the county will not be increased, but
will be merely changing the form OF
debt from warrants drawing s pei
cent to funding bonds at 51a per cent
interest and will do away with the
discounting of the warrants.
Several other matters also came
up before the Board at this meeting
The appointment of H. H. Beebe as
special deputy sheriff by c. W. Pow
ell, without pay, was approved, ano
the board approved the action of the
County Superintendent of Schools If
transferring Sections 10, 20, 20, 30
, 81, so, Township "a north, range ).
east, and sections 25, 26, 35, and SO
Township "a north, range SO east
: from Districts and Is to School Dis
trict IA.
Wednesday and Thursday the Boaro
was kept busy on road matters, many
persons interested in getting new
roads or in protesting against peti
> tions appearing before the Commits
sioners.