The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1921-06-24
CONTRACT
Plentywood, Montana
June 18th, 1921.

1lGuLyWQOO, montana
|. June 18th, 1921.
70 the Honorable Poard Of
County Commissioners of
Sheridan County,
Plentywood, Montana
WHEREAS, the Sheridan County
State Bank of Plentywood, Montana,
ceased to do business on the 18th day
of December, 1920, at which time it
was indebted to Sheridan County,
Montana, on account Of transactions
had between the said Sheridan Coun-
tys State Bank, and said Sheridan
AND WHEREAS, the superintend-
| ent Of Banks has determined that
said bank was and now is insolvent,
and is in charge Of Receivers,
AND WHEREAS, it appears that
there is no reasonable probability of
re-opening said bank, and that Sheri-
dan County may not be repaid in
full the moneys reserved by said
Sheridan County State Bank from
said Sheridan County, except by some
special agreement outside Of the or
! dinary course of banking business
| AND WHEREAS, T. 4. Beiseker,
| Of Fessenden, North Dakota, the Pres
dent, Director and Stakeholder
| of the Sheridan County Bank
| is willing under certain con-
1litions to assume obligations
/ hereinafter referred to, and will, un-
der certain conditions enter into an
agreement with said Sheridan County
wherein and whereby all claims now
existing in favor of Sheridan County,
and against the Sheridan County
State Bank, or T. E. Beiseker, either
or both of them, may ultimately be
paid to said county
AND WHEREAS, said Sheridan
County has heretofore employed, au-
thorized and directed Alfred g. Vol
lum. ESQ, of Plentywood, Montana,
/ and Messrs. Wheeler & Baldwin, OF
] Butte, Montana, as its ::ttorneys TO
/ represent it, and to act for It IN sa1d e
matters and controversy, and sad 1.
E. Beiseker, Esq, Of Fessenden, North
Dakota. has authorized and directed
Arthur E. Netcher, Esq, Of Fessen,
I den. North Dakota, Messrs. Onstad q
Greer of Plentywood, Montana, and
Norris. Hurd & Rhoades OF Greas
/ Falls, Montana, to act for and 10 ms
AND WHEREAS, said attorneys
renresenting said parties respectively
have heretofore entered into negotla-
r;,ns for the purpose Of formul atlns
and agreeing upon plan by When
issa;d matters and controversy may De
adjusted. and have agreed to the
man hereinafter outlined.
NOW. THEREFORE,, on behalf @
their respective principals, said at,
tnynevs beg leave to submit to vou1
HonorabIe Board the following plan
subject TO your approval:
FIRST: That in compromise /
and settlement of all claims OF
every kind and character, exist
;ng Il favor of Sheridan County.
Monfana. against the Sheridan
Cnnnfy State Bank, or. e. L. Bels-s
eker. or any claims which may
- m;ohf he asserted against
either said bank, or +. +. Beis-
oiar arising out Of any tTansac-
fan between said Sheridan Com
~ and said bank, or +. Z. Beis-
aLer aaid T. Il. Beiseker will pay,
e cause tO be paid to said Shefl-
,lan County. Montana, the sum q s
t,rr hundred thirty i've Thousand
anllars 1s235. .OO0) and interest
tsaranns IS hereinafter menflQn-
q rh;eh said sum said Sherman
Counfv. Monf ina, will accept %
: Ell nnasvme,t. s. satisf faction ana
..tf ! ~ fldsn,enf / ~ Sc IN of the sbOye
n1<slf toned claims.
! cJas0ND: That Oa Defohes
! = 81 = - slav sef January l9zz,
9 49, arr. of 81 least twenty
+ .s.sSs,ss,,sl ss.s; llne1
xeSe sa,ssss ~ = s Iaxt Of