The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1919-09-19

be O11efeQ TO the holders OF warrants
issued against the General Fund, the
Poor Fund, the Bridge Fund, the Con-
tingent Fund, and the Fair Fund, now
outstanding which were issued prior
to July %, 1919.
"a. That the face value of war
rants now outstanding which were
issued against the General Fund dur
ing said period is .~..$34 ,557.61
Against the Poor Fund dur
ing said period is .-....- 2,142.2O
Against the Bridge Fund
during said period is -. 4S3.24
Against the Contingent
Fund during said period is 3,968.82
Against the Fair Fund dur
ing said period is ...-... 237.50
And that the interest now
accrued upon such of said
warrants as have been reg
istered and are entitled to
interest is approximately Al ,289.57
IS. That all of the warrants men
toned in the last finding hereinabove
were legally issued for services, labor
or material, constituting proper and
authorized expenditures for county
purposes, and that all thereof except
salaries of county officers, were duly
authorized by this boards allowance
of claims properly verified in accord
ance with law, and that all of said
warrants have been duly drawn by
the county clerk on the county treas
urer, and that all of them are now
outstanding and unpaid.
"6. That if all the available mon-
eys in the General Fund, Poor Fund,
the Bridge Fund, the Contingent
Fund, and the Fair Fund, should be
applied to the payment of outstand-
ing General, Poor, Bridge, Contingent
and Fair warrants respectively, there
would still remain unpaid an amount
of General, Poor, Bridge, Contingent
and Fair warrants exceeding the
amounts named in the fourth finding
ilCICiI1 dUOVS.
~. That Kalman Matteson & Wood
of St. Paul, Minnesota, have extended
negotiations with this Board, have Of
fered to assist it in completing an
exchange of said warrants mentioned
in the fourth finding above for five
and one-half per cent funding bonds
of the County, as hereinafter describ-
ed, by purchasing such of said war
rants as they can secure, and as their
counsel may approve, and surrender
ing them to the County in exchange
for such bonds, par and par.
"8. That the issuance of such bonds
in exchange for such warrants will
effect a material reduction of inter-
est payments and thereby be a dis
tinct advantage to the County and its
taxpayers, and will go toward putting
the County upon a cash basis, so as
to enable it to secure in the future
services and material at market prices.
SO. That none of the warrants men
toned in the fourth finding above was
issued for a single purpose, the ex-
pense of which, with all n~ecessaries
and appurtenances, exceed the sum of
$4,000.
40. That at no time during which
any of said warrants was issued, or
during which any contracts were made
which resulted in any liability evil
denced by said warrants, was Valley
County indebted in every manner and
for said purpose, in excess of five
per cent. Of the assessed valuation of
its taxable property.
al. That the legality of none of
said warrant mentioned in the fourth
finding hereof mas at any time been
questioned, coatested, OR made the
subject of actual or threatened judi
cial inquiry,
GIT IS THEREFORE, RESOLVED
AND ORDERED