The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, 1921-02-18

I, Mrs. johnson says she and the
butcher o each other.
per annum, payable se~mi-annually on
the first day of May and November OF
each year, and both principal and in
terest shall be payable at the office of
the County Treasurer, Valley County,
Montana.
SECTION II. The form of said
bonds and the interest upo at
tached thereto, with the form of regis
~tration certificate to be endorsed on
each of the said bonds shall be SUBJ
stantially as provided in said resolu-
ton adopted by the board on June 9
1920.
SECTION III. That upon the exc
fulton of said bonds as required by
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
like amount of the warrants then out
otuiloiHS "IlNIl nave DeoI lSSucu
against the Special Relief Fund prior
to the 9Th day of February, 1921, TAX
ing up and cancelling said warrants
and delivered to the owner or holder
thereof a like amount of bonds, au-
thorized by said resolution of June 9,
1920, and herein authorized in ex-
change for such warrants SO delivered
to him dollar for dollar.
IVY Tlo+ 81, ~ ,-o.
of providing for the prompt payment
of the interest IN said bonds and the
principal thereof, there is hereby lev
led and there shall be annually levied
at the time and in the manner other
taxes are levied, a tax sufficient to
take care of the principal and interest
of the additional bonds herein author
lied in accordance with the terms and
provisions of Section ". of said reso-
luton of June 9, 1920.
SECTION V. 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 said
County.
The motion being duly seconded by
Commissioners Andrew Stiley and the
vote being upon the adoption of the
resolution, the following Commission
ers voted Aye:
Carl j. Anderson, chairman, Calvin
II. Pippin and Andrew Stiley.
Nays-None.
The resolution was declared adopt
STATE OF MONTANA
COUNTY OF VALLEY
l, Lou E. Bretzke, County Clerk and
Recorder of Valley County, Montana,
do hereby certify that the above and
foregoing is a true and correct copy of
the Commissioners proceedings had at
the regular meeting of the County
Board of said County held on the 9Th
day of February. 1921, and of the pro-
ceedings had on that date in connection
with the authorization of Two Hundre !
Thousand $500, 100000 Dollars Special
Relief Funding Bonds of said County.
IN WITNESS WHEREOF, ! have
hereunto set my hand and official seal
this Sth day of February. 1921.
(SEAL) LOU f. BRETZKE.
County Clerk and Recorder
The following bid was received from
H. G. Wolking. acting for w. 7. Say
ton & Co., to take up the OUTSTANDING
warrants and take Funding Bonds in
their place.
To tie County Commissioners,
Valley County, Montana.
Gentlemen;
For as manv warrants as Valley
/ f'D1,rt,- NTl,..., L.. z. -. IL -
or to December 3lst, 1921, which can
be legally funded "" viii take M and
nay for and take Fundinr Bonds in
their place, which Funding bonds are tc
be issued by the proper officials of the
said County. Said bonds to be dated
as desired by u attorneys, to bear in
terest at the rate of 6 per cent per an
mum, payable Semi-annuallv to mature
in twenty years from the date thereof
optional ten years. both principal and
interest being PAYABLE at the Chase
National Bank in New York City. n. Y,
Said bonds to be in denomination of
$1,000 so far as possible.
The exchange as above mentioned ia
be made par for par, your County to
deliver the said bonds to US in Toledo.
ONO, and We are to pay whatever ex-
change there will be on the money re-
: Quired to take up the warrants.
1t Is to be understood that we will
not be REQUIRED to fund anv warrants
which our attorneys will not approve
!, for funding.
This PROPOSAL is based upnn irfor.
nation contained in financial state.
, ment which has been furnished rs NV
YOUR Clerk and submitted with the Nm.
~derstanding that prior to taking ur
and paying for the said securities We
are to be furnished with a full, com.
, plcte and satisfactory certified tran.
/ script of the record of proceedings
, Leading up to and eliminating in thei,
issuance and delivery, satisfactory,
, showing. including bond form and re,
, cital. full legal compliance with all re
quirements: said transcript to be fur
!, nished us promptly whenever request
ed.
| The enclosed certified check No
: 2O72 for $4,000 is to be held as an evi
dence of our good faith in the even
that this bid is accepted. and surren
dered at the time we take up and pa,
for the last of the said securities: am
q in the event that this bid is rejected
said check is to be Immediately re
turned to us.
Respectfully submitted,
t w. L. SLAYTON e. COMPANY
BY H. G. Wolking