The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1921-04-22

ton and Laws of Montana to be don
and to exist precedent to and in thu
issuance of this bond in order to con
stitute it a valid and binding obliga
ton of said county, have been dom
and exist; that the indebtedness re
deemed hereby is a valid and subsist
ing indebtedness of said County Great
ed within the limits of indebtedness:
imposed by said Constitution anC
Laws; and that provision has beer
made for the levy and collection OF
a direct annual tax upon all taxable
property within said County sufficient
to meet the principal and interest OF
this bond as the same falls due.
The said County reserves the right
to redeem this bond one year before
its absolute maturity as herein stated,
such redemption to be made after
notice, as provided in Section 2911 of
the Revised Codes of Montana.
IN TESTIMONY WHEREOF, Val
ley County, Montana, by its Board of
County Commissioners has caused this
bond to be signed by the Chairman
of said Board and the County Treas
urer, and to he countersigned by it's
County Clerk and by him sealed with
the corporate seal of said County, and
each of the annexed coupons to be
signed with the facsimile signatures
of said officers, all as of the first
day of January, 1921.
CARL J.. ANDERSON,
Chairman, Board of County
Commissioners, Valley Coun-
ty, Montana.
W. L. FRAZIER,
County Treasurer.
Countersigned
Lou E. Bretzke, County Clerk.
(Seal)
Mo-. $4,000
On the First Day of January, July,
10, Valley County, Montana, for
value received, will pay to the bearer
hereof Thirty Dollars in lawful money
of the United States of America, at
The Chase National, Bank, in the
City and State of New York, being
six months interest then due on it's
Funding Bond, dated January /, 1921,
CARL J. ANDERSON,
Chairman, Board of County
Commissioners.
(SeaD w. L. FRAZIER,
County Treasurer
Lou. E. Bretzke, County Clerk.
Form of certificate to be endorsed
on each bond)
State of Montana
County of Valley
l, w. L. Frazier, the undersigned,
do hereby certify that | am duly quail
flied, sworn and acting County Treas
urer in and for Valley County, Mon
tana, and the lawful custodian of the
books and records of said office: and
| further certify that | have register
ed the within bond in my office in a
book provided or that purpose, as and
in the manner provided by law.
IN WITNESS WHEREOF, l have
h%ereunto set my hand this 9Th day of
April, 1921.
w. l.. FRAZIER,
County Treasurer in and for
Valley County, Montana.
Section III. That upon the execu-
ton 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 deliv-
err said bonds at one time, or from
time to time, without restriction as to
the particular number so to be de-
livered from time to time. in eX-
change for a like amount of the war
rants then outstanding which have
been issued in the year 1920 and up
to and including February II. 1921,
against the General, Road, Bridge
Poor, Contingent and Gopher funds
dollar for dollar that is to say, that
he shall count the value of each war.
rant as the face thereof and all in
terest legally accrued thereupon, anG
shall count the value Of each bono
as 81 900, collecting from the recipi.
ent of each bond the interest which
has accrued thereon from January 1
1921, being the date of said bonds, to
the date of the actual exchange; and
Immediately upon making any such
exchange the warrants received in ex-
change shall be cancelled and extin-
guished as obligations Of the County;
provided, however, that all or any of
noiu poiito may NC uSilNcleu W lIe
First National Bank, Glasgow, Mon
tana, which is thereby appointed Fis.
cal Agent of the County for the pur.
pose of conducting such exchange
such delivery to be made in escrow
with the understanding, to be made
in writing and signed by the prope,
officer or officers of said bank ant
by the County Treasurer. that sale
bonds are received by said bank only
for the purpose of exchange in ac.
cordance with this Section of this reso.
luton or order and that warrants re.
ceived by said bank in exchange shall
forthwith be delivered to the County
Treasurer for cancellation or shall be
cancelled by said bank in his pres.
ence; and when any exchange ant
cancellation of warrants shall have
been made hereunder, the County
Treasurer shall forthwith make anc
file with the County Clerk his cert.
ficate of such exchange and cancella.
ton, which may be, if made in the
presence of an officer or officers OF
said bank, attested by said officer OF
officers.
Section ". That in order to meet