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

County Treasurer and the County
\ Clerk and Recorder, and is a correct
} statement Of the following items con.
corning said funds:
/. Outstanding warrants (a) Issued
befor 1920, (b) issued in 1920 and up
Il to and including February II, 1921,
: (c) issued after February II, 1921.
2. The approximate amount of in
terest accrued upon such of the above
warrants as have been registered and
figured to this date.
8. The total of the warrants listed
as (a), (b) and (c) and such ap-
proximate accrued interest.
a. Cash on hand.
5. The amount of taxes which the
Board estimates will be collected with
in thirty days.
6. The balance remaining after sub
tracing the sum of cash on hand and
such anticipated tax collection from
the sum of the warrants and accrued
interest that is to say, after subtract
ing the sum of the items listed as 4
and 5 from item listed as 8:
Warrant (a) Before 1920: General.
$255.SS; Road, S5O0.90; Bridge, $4,000;
Poor, S147.00; Contingent, $343.75;
Gopher. none.
Warrant (b) 1920 to 2-11-21: Gen
eral, $10,921.22; Road. ~S55,287.78;
Bridge, $2,7S2.O9; Poor, S12O.71 Con-
tingent, S2,239.O9: Gopher, none.
Warrant (c) After 2-11-21: Gener-
al, S7.108.44; Road, s951.24; Bridge,
1921 go; Poor, S~1,437.23; Contingent,
~$10,014.00; Gopher, $100.63.
2. Interest: General, S233.00; Road,
$1,700.0O; Bridge, $500; Poor, $500;
Contingent, $500; Gopher, none.
3. Total due: General, S1S,51S.54 81;
Road, S5S,439.92; Bridge, S3.OS9.6 SO;
Poor, S~1,704.94; Contingent, S12,632.-
"a.
4. Cash: General, S1O,476.95; Road,
s10,671.52; Bridge, 1,775.72; Poor,
S~3,2S1.70; Gopher $1,999.37.
5. Anticipated taxes: General, $780,
90; Road, $4,000; Bridge, $500;
Poor, none; Contingent, 100000;
Gopher, none.
6. Balance: General s7,O91.59; Road,
SAG ,7S8.40; Bridge, S3,054. SO; Poor,
none; Contingent ~S8,391.04; Gopher,
none.
3. That all Of the warrants men
toned in the second finding hereof
were legally issued for services, labor
and material constituting proper and
authorized expenditures for county
proposes, and that all thereof, ex-
cept salaries of county officers. were
duly authorized by this Boards al
lowance of claims properly verified
in accordance with law, and that all
of said warrants have been duly
drawn by the County Clerk on the
County Treasurer, and that all of
them are now outstanding and UNI
paid.
a. That it shall be the duty Of the
County Treasurer as rapidly as pare
ticable to recall for payment such
warrants as can be paid from funds
on hand.
5. The issuance of bonds in exchange
for such of the above warrants as
cannot be paid from funds on hand
and anticipated taxes to be received
within the next thirty days will be a
distinct advantage to the county and
its taxpayers in the line of placing
the county on a cash basis, so as to
enable it to secure services and ma
terial at market prices.
6. That none of the warrants above
hlSlllloiiSu was loouSu " Il Sl1lSlc
purpose the expense of which, with all
nccessaries and ap~purtenances, exceed
$4,000.
Funding Bonds
Z. That at no time during which
any of said warrants was issued, or
during which any contracts were made
which resulted in any liability evidenc-
ed by said warrants, was Valley Coun-
ty indebted, in every and for
every purpose, in excess of five per
centum Of the assessed valuation of
its taxable property.
8. That the legality of none of the
said warrants above mentioned has at
any time been questioned, contested or
made the subject of actual or threat
ened judicial inquiry:
1t Is Therefore Resolved and Ordered
by the Board of County Commits
siOners of Valley County, Mon
tana: ..
Section I. That for the purpose of
paying such of the above warrants
as were issued in the year 1920 and up
to and including February II, 1921 by
exchanging funding bonds, par for par,
with such holders of such warrants
as may desire to make such exchange,
the negotiable coupon bonds of Valley
County + hereby authorized in the
aggregate face value of Sixty-six-
THOUSAND DOLLARS $685. 600. OO),
to be demoninated Funding Bonds, in
the denomination of One Thousand
Dollars each, numbered from l to
66. consecutively, dated January 1,
1921. maturing in installments of S3,-
10000 beginning January 1, 1882, and
100000 on January l., of each year
~1933-1941 inclusive. each bond to be
redeemable at the option of the Coun-
ty n year prior to its absolute ma
turitv; said bonds shall bear interest
at the rate of six per centum per
annum, payable semiannually on the
first days of January and July of each
year both principal and interest to be
payable at The Chase National Bank
in the City and State of New York.
Section 2. Said bonds and coupons
shall be in substantially the following
form:
United States of America
State of Montana
County of Valley