The Wolf Point herald. (Wolf Point, Mont.) 1913-1940, 1921-02-24
w T. Tidland.
County Treasurer IN and Tor
Roosevelt County, Montana.

Roosevelt County, Montana.
SECTION 8. That upon the exc
cution of said bonds as required by
statutes and in the form hereinabove
provided :, and upon the resignation
thereof by the Treasurer and his endor-
sement 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 part1-
cular numbers so to be delivered from
time to time, in exchange for a like
amount of the warrants then outstand-
ing which have been issued against
the General Fund, Contingent Fund,
Road Fund, Bridge Fund, and prior
TO the 1st. day of November 1920, Dol
lar for Dollar, that is to say, thai he
shall count the value of each warrant
as the face thereof and all interest le-
gallv accrued %thereupon, 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 July LIST, 1920, being the
date of said bond, to the date of actual
exchange; and Immediately upon max
ing any such exchange shall be can
celled and extinguished as obligations
of the County; provided, however,
that all or any of said bonds may be
delivered to the Drake-Ballard Com
panv which is hereby appointed Fiscal
Agent of the County for the purpose
of conducting such exchange, such
delivery to be made in escrow, with the
understanding. to re made in writing
and signed by the proper officer or ON
GERS of said bank end by the County
~ - - Ia,4g - ra p1.a1Na1
by said bank only for the purpose OF
exchange in accordance with this sec
tion of this resolution and order, and
that warrants received by SAID bank
in exchange shall forthwith be deb
vered to the County Treasurer for can
collation. or shall be cancelled by said
bank in his presence; and when any
exchange and cancellation O. warrants
shall have been made hereunder the
County Treasurer shall forthwith make
and file with the County Clerk his GER
tifcate of such exchange and cancella
ton, which may be, if made in the
presence of any officer or officers of
said bank, attested by said officer or
officers.
SECTION 4 That in order to meet
the payment of the principal and in
terest of said bonds as the same shall
fall due, there shall be and hereby is
levied upon all taxable property with
in Roosevelt County, a direct annual
tax in each year while any of said
bonds shall be outstanding, which tax
shall be sufficient to meet the interest
payments as they fall due and provide
a Juno for the refinement of the princi-
pal at maturity.
SECTION 5 That the intent of
this resolution and order is to provide
solely for the exchange of bonds for
warrants, and not for the sale of such
bonds or the borrowing of any money
upon same, all to the end that certain
warrant Indebtedness of the County
may be redeemed without increasing
the County's Indebtedness and with
out borrowing money.
SECTION 6 That the issuance and
delivery of bonds in exchange for and
to take up the legal outstanding war
rant Indebtedness of the County in the
manner and upon the terms set forth in
this resolution is deemed for the best
interest and advantage of Roosevelt
County.
The motion being duly seconded by
Commissioner j. H. Anderson, and the
vote being upon the adoption of the
resolution the following Commissioners
voted AYE: R. E. Patch, J. H. Ander-
son and F. A. Weinrich; NAYS: None
The resolution was declared adopted.
The printing contract came up for
discussion at this time, whereupon
Commissioner r. E. Patch introduced
the following resolution and moved its
adoption.
RESOLUTION
WHEREAS, the printing contract
made and entered into on the 9th day
Of March, 1919, by and between Ro-
osevelt County and the Poplar Stand
ard, of Poplar, Montana, has expired,
and
WHEREAS, in %ccordance with Chap
ter n of the Laws Of the Fifteenth
Session Of the Legislative Assembly of
the State Of Montana, it is incumbent
upon the Board of County Commits