The Ronan pioneer., 1917-08-03
RESOLUTION NO, 80

sale of bonds of the Town of Roman,
Missoula County, Montana, for the
purpose of raising money to procure
water supply and secure a water
plant and system in said town.
WHEREAS, Heretofore, to wit: On
the 4th day of June, A. D. 1917, a
resolution was passed by the Town
Council of the Town of Roman, Mis-
soula County, Montana, and ap-
proved by the mayor of said Town,
providing for the holding of a spec
ial election upon the question as to
whether or not the Town of Roman
should be authorized to increase the
towns Indebtedness over and above
the three percent (3) limit fixed by
the constitution of the State of Mon
tana, by issuing bonds to the amount
OF Sixteen Thousand Eight Hundred
($16,SO0.O0) Dollars for the purpose
OF procuring a water supply and Sc
curing a water plant and water sys-
tenn for the said town of Roman, Mis-
soula County, Montana. And,
WHEREAS, said election was duly
called in accordance with the pro-
visions of said resolution and was
held on the 10th day of July, A. d.
1917, at which said election a ma
lority of the tax payers effected by
said proposed Improvement voting at
said election voted in favor of au-
thorizing the Town Council of said
Town to increase the towns indiabt-
edness over and above the three (3)
per cent limit fixed by the consti-
tuition of the state of Montana, by
issuing bonds to the amount of Six
teen Thousand Eeght Hundred ($16,-
S00.00) Dollars for the purpose of
procuring water supply, securing
water plant and water system for
the said Town of Roman, Montana.
NOW, THEREFORE,, BE 1T OR
DA1NED BY THE TOWN COUNCIL
OF THE TOWN OF ROMAN, MON
TANA:
Section 1. That bonds of the Town
OF Roman to the number of One Hun
dred Sixty-eight l6S) shall be is
sued and sold for the purpose of
procuring water supply securing
water plant and water system for the
said Town of Roman, which said bonds
shall be of the denomination of One
Hundred ($100.O0) Dollars each
Said bonds to bear interest at the
rate Of six (6) per c2nt per annum,
payable semi annually, on the first
days of January and July of each
year from and after the 1st day of
January, 1918. Said bonds shall be
of the series called and known as
water bonds and shall be numbered
from One () to One Hundred Sxtv-
eight G6S) both inclusive, waich
said bonds shall be redeemable in
ten GO) years and payable in twenty
(20) years, from and after the 1st
day of January, 1918.
Section 2. Said bonds shall be
coupon bonds and shall be in the fol-
lowing form, to-wit:
UNITED STATES OF AMERICA
No. State of Montana $4,000
Town of Roman.
WATER BOND
KNOW ALL MEN BY THESE-PRES-
Jg, >e
municipal corporation of the State of
Montana, is indebted to and for the
value received, will pay to the holder
hereof One Hundred ($10O.00) Dollars
lawful money of the United States
of America, at the office Of the;;
Town Treasurer of the Town of Ro-
nan, Montana. or at the option of
the holder in some bank in the City
of New York, State of New York,
to be designated by said Town Treas
urer of said Town of Roman, on the
first day of January. A. D. 1888, with
interest thereon at the rate of six
(6) per cent per annum, payable
semi-annually on the first day OF
January and the first day of July OF
each year on the presentation of sur
render of the coupons hereto at
tached as they severally become due
at the Town Treasurers office at the
said Town of Roman, or at the option |
OF the holder thereof at some bank in
the said City of New York, to be des-
ignated by the aforesaid Town Treas
urer Said coupons are to be num-
bered seriatim from One (1) to Forty
&c, inclusive, ,s.;.,:ve and bear the number
Of this bond.
1t is expressly understood and
agreed however that the right is re-
served by and given to the said Town
Of Roman, at it's option, to redeem this
bond alb any interest paying time or
period after ten 00) years from the
date hereof, upon the payment of the
principal and matured interest due
at the date of redemption. This bond
is one of series of One Hundred I
Sixty-eight G6S) of like tenor and
date, numbered from One ~ to One