The Powder River County examiner and the Broadus independent. [volume] (Broadus, Mont.) 1919-1935, 1920-01-02
NOTICE IS HEREBY GIVEN

/ issuance OF County Funding Bonds
of Powder River County. in ex-
change for outstanding County
! Warrants in such amount as the
Board may deem advisable, and for
such other business may proper
~ come before such meeting
-. 7. WEST.
CLERK and Recorder,
/ Powder River County, Montana"
! The Chairman announced that the
! consideration OF the County's warrant
! Indebtedness was in order. and that the
County Clerk and Recorder as well rs
the County Treasurer We're present at
his Invitation to assist the Board in
| furnishing the facts as to this warrant
Indebtedness. rs shown by their rec
ordS
! Commissioner Morris then introduced
tn. following findings and /, resolution
| ana order and moved their adoption,
| whca was seconded hy Commissioners
| peays:
The BOARD Of County commissioners
! Of Powder River County, Montana. ar
ter careful examination of the records
! IN The offices of the County Clerk and
/ Counts Treasurer. and of the records
Of tn, Eoard Of Commissioners. finds
as fullows
! That powder River County should be
placed on Il cash basis as quickly as
! possible BY the use of all available
! fHuds tor the payment of outstanding
wal. ANTS and the redemption Of the re-
malr'ag warrants by the issuance of
I bonds
That until such time as ii may be
/ found advisable or necessary to cali
! for vote Of tn" electors on the uues-
zion ~ selling funding bonds Tor cash
land using the proceeds in the payment
81 outstanding warrants, this Board
! should give to the holders of outstand
ing county Warrants issued prior to
thu 9TH day Of November. 1919. upon
the General Road. Bridge. Contingent
( aua Poor Funds. the privilege OF cx-
chau-iug them. par for par for fund
in2 bonds Of the County
That the face value Of County War
Y rants issued prior Ia the gath day of
November. 1919. anu now outstanding
Which we're issued against the different
funds Of said County, is as follows:
Warrants issued against the
Gea"lal Fund is -a.-..- >3s.a4o.S>
/ Warrants issued against the
Roaa Fund is .-..... $22,.93 -,
Warrants issued against the
Fridge Fund is -------..--......s 3.1oS.6>
Warrants issued against the
Contingent Fund is -..-.-S l4.24a.oe
And that the interest now ac-
cruel anon such Of said war-
rants as have been register
81 and are entitled TO inter
.st. is approximately .-.S aon.on
That all Of said warrants We're legal
iy issued for services. labor aud ma
teiias' CONSTITUTING proper and author
iz,a expenditures for County purposes.
and that al thereof. except salaries OF
CuuHty officers We're duly authorized
by this Board in accordance with law.
That none Of the warrants mentioned
above WAS issued for single purpose.
the expense Of which With All neceS-
saIies and appurtenanceS. exceeded
4 slo.0un 90
That At no time during which amy
Of said warrants was issued. was said
county Indebted in every matter and
for every purpose. III excess of five per
cent of the assessed valuation Of its
taxable property.
That the legality Of none of the said
warrants mentioned above has At amy
tme been Questioned. contested or
made the subject of actual or threaten
ed judicial inquiry.
IT Is THEREFORE, RESOLVED AND
ORDERED EY THE BOARD OF culN-
TI COMMISSIONERS OF POW DER
RIVER COUNTY. MONTANA:
/. That the negotiable coupon bonds Of
Powder River county. Montana. are
authorized il the aggregate face
value Of seventy five thousand dol
lars fS7a.0o0 0o1 to he denoninated
Funding Bonds. in the denomination
of $1,000 90 each. numbered con-
secutiyeiN from - up. dated the first
day Of November. 1919, maturing as
follows:
Eight thousand dollars on January
in each Of the years 1891 to 1899
inclusivt
Three thousand dollars on November
l. 1899;
The said County deserving the ri2ht To
pay and redeem each of said bonds on
either The first day of January or the
first day Of July proceeding said date
when respectively due.
Said bonds shall bear interest at the
rate Of five and one-auarter per cent
per annum. payable semi-annualir on
he first day of January and July Of
each year. and both principal and in
tcrest shall be payable at the Liberty
National Bank. in tile city Of New York
state of New York.
The motion being duly seconded hy
Commissioner l'eaNs. and the vote he
ing upon the adoption Of the resolution
he following Commissioners voted aye:
j. Fl. Morris. chas. Decker. W. Fl. Peays
Nays: None.
The resolution was declared adopted.
On motion the BOARD adjourned