The Glasgow courier., 1916-09-01
COMMISSIONERS
PROCEEDINGS
Continued from page 81

SAID warrants. AND the book OF re-
cord shall state the date of such i'm
provement district warrants, to whom
issued and the amount thereof, to the
end that the cost of and the purposes
for which said improvement district
is created shall be at all times mat
ter of public record; and when such
warrants shall have been redeemed and
paid by the county treasurer of Valley
County, State of Montana, as herein
after provided, the respective ac-
counts of said special improvement
district shall be properly credited with
the warrants so redeemed.
Section 3. Whenever special i'm
,rovcment district warrant shall be
issued by the Board of County Com
missioners of Valley County, State Of
Montana, and said warrant shall bear
upon it's face the regularity of issu-
ance, as prescribed in the resolution
relating thereto, it shall be presented
to the County Treasurer of Valley
County, State of Montana, for pay
ment, and if there are no funds to
the credit of said improvement dis
trict fund sufficient to pay said war
rant, it shall be the duty of the said
County Treasurer to register said spe-
tial improvement district warrant in
book to be provided for the purpose,
and said registry shall set forth the
number and the namo of the saiI
Improvement district, and the dat" Of
registration ct said warrant, and the
amount of such warrant, and the p-l-
.. son or persons to whom said warrant
! is issued, and the Coutny TreasT 7
shall endorse upon the face of said
warrant the date Of the registration
of the said warrant, and sa:il ait: h :
signat !" ;!,;,reto.
Section 4. 1t shall be the duty of
the County Treasurer to prepare a
book of record which shall be known
as the register of Special Improve
| ment Warrants, and whenever a spe-
cial improvement district is created
designated by proper name and num-
Der it shall be the duty of the Coun-
| ty Treasurer to open in said book of
Regis ration, an account with each I'M
provement district, giving such ac-
count its proper name and numbe!
and he shall enter in said book of Re
@lstration a pro,jcr record of all spe-
cal Improvement district warrant:
presented to MIN for registration cl
payment, issued under their respect
i've districts a, in the manner pro
vided in section 2 of this Resolution
And it is further prescribed as tn
duty of the said County Treasurer t
credit each special improvement dis
trict account from time to time a.
the same is paid, with all taxes ant
assessments levied against the res
pective special improvement districts
and he shall apply the fund so col
iected in the following manner, to
wit:
TlRST-From the first money col
lected on account of any special i'm
provcment district, in each year, HI
shall provide for the payment of in
terest on or before the first day o
January, in each year, to that dat
on any and all outstanding warrant:
Of each respective special improve
inert district, whereon interest ha
not ceased by reason Of said warrant:
being called for payment, and shal
endorse said payment of interest OF
the reverse side of each warrant with
the interest so paid, or by taking W
and cancelling the interest coupons
representing such interest, if suct
the first payment of interest to bt
computed for the period from date OF
said registration of each of said war
rants tc the first day of January nex'
succeeding such date of registration
and annually thereafter.
Second-Out of the remainder O.
any funds to the credit of such res
pective special improvement districts
the said County Treasurer shall thel
call in and pay warrants to the amount
of such moneys on hand available TO!
the purpose. So far Us such fund:
will pay and retire the amount tina
may be due with ac rued interest, t.
date Of call for redemption and pay
ment, fixing by notice the date where
on the interest shall cease upon suci
warran. ard it shall be the duty O
the County Treasurer to note upon
such register the date of the call, ant
to notify the holders of said war
rants by letter, if known, or by pub
lication in a paper of general circu
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