The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1920-06-18


the book provided for that purpose
as and in the tanner required by law.
IN WITNESS WHEREOF, Witness
my official signature.
County Treasurer, Valley County,
Montana.
SECTION III. That upon the exc
cution of said bonds as required by
statute and in the form hereinabove
provided, and upon the registration
thereof by the treasurer and his en-
dorsement of such registration upon
each bond, the treasurer shall deliver
said bonds at one time, or from time
to time, without restriction as to the
particular numbers so to be delivered
from time to time in exchange for a
like amount of the warrants then out
standing which have been issued
against the Especial Relief Fund"
prior to the.......day of,..............,19....,
dollar for dollar, that is to say, he
shall count the value of each warrant
as the face thereof and all interest
legally accrued thereon, and shall
count the value of each bond as $1,000
collecting from the recipient of each
bond the interest which has accrued
thereon from the date of said bond
to the date of actual exchange; and
Immediately upon making any such
exchange the warrants received in ex-
change shall be cancelled and extin-
as obligations of the county,
provided, however, that all or any
Of said bonds may be delivered to the
Glasgow National Bank of Glasgow,
Montana, which is hereby appointed
agent of the county for the
purpose of conducting such exchange,
such delivery to be made in escrow,
the understanding to be made
in writing and signed by the proper
or officers of said bank by the
treasurer, that said bonds are
received by said bank only for the
purpose Of exchange in ACCORDANCE
this section of this resolution and
order, and that warrants received by
said bank in exchange shall forthwith
be delivered to the county treasurer
cancellation or shall be cancelled
by said bank in his presence; and
any exchange and cancellation
Of warrants shall have been made
hereunder, the county treasurer shall
forthwith make and file with the coun-
.y clerk his certificate of such ex-
and cancellation, which may
De, if made in the presence of an of
or officers of said bank, attest
I'd by said officer or officers.
SECTION w. For the purpose of
providing for the prompt payment of
principal and interest on the said
ponds herein authorized when due
here shall be and there hereby is lev
ed by the board of county commits
of Valley county annually at
time and in the manner other tax
as are levied, a tax upon all the tax
property in such county in addi-
tion to other taxes sufficient to pay
interest on all said bonds as the
become due and also sufficient
% provide a proportionate amount of
he total amount required for the re-
lemption Of such bonds as the same
due, Or are called for pay
nent according to the conditions there
If, and when collected shall be set
apart in a fund known as the "Spe-
'ial Relief Bond Fund.-" and used for
10 other purpose than the payment
said bonds and the interest accrued
Provided, that in case the
amount of money received by the
treasurer in any one year in
payment of Special Relief furnished
1nder the provisions of said chapter
laws of Extraordinary Session of
1919 shall be sufficient to pay the in