Sioux County pioneer., 1922-04-13
Commissioners Proceedings
Sioux County, N. D.
Fort Yates, N. Oak.


Fort Yates, N. Oak.
April lst, 1929.
special meeting OF the Board OF County
Commissioners OF Sioux County, North Dako.
to. was duly convened and held at the court
house on The lst day of April. 1922 at the hour
OF o'clock p. M. pursuant to notice thereof
given ia the manner provided by law. There
were present the following members: W. r.
Cibart and J. @. Leach. Abseat: j. "A. Stiles,
Chairman, who members present knew to be
dead, having died March 3lst 1922. f. b. Fiske,
County Auditor and ex-otficlo Clerk Of the
Board OF County Commissioners, was also
present.
On motion OF W. R. Clbart, j. c. Leach was
elected Chairman Of the Board, which motion
prevailed.
The County Auditor stated that this special
session had been called for the purpose OF
taking suoh action Is may be deemed neces-
sary by the County Commissioners In connect.
ion with the issuance OF $4,000 Funding Bonds
OF the County, and that the interests OF the
County demanded the calling of such special
session, and that five days notice OF the time
and object of such meeting had been given by
posting Of notices In three public places in Tue
County and serving copy thereof on euch
member of the Board Of County Commission.
ors at least i've days previous to the date OF
such special session. The County Auditor was
directed to enter the notice In the records of
this meeting, which Is as follows
Fort Yates N. d.
h, March q, 1922 I
Notice is hereby given that the inter.
ests of the County demanding II, special
session Of the Board OF County Commission.
ers Of Sioux County, North Dakota, will be
held at the court house In Fort yates on
the LIST day of April, 1922, at the hour OF 4
O'Clock p. NJ, for the purpose OF taking
such action as may be deemed necessary
In connection with the issuance Of 10000
Funding Bonds Of said County.
b. FIske,
County Auditor, 4
! The following resolution was thereupon In.
troduced by Commissioner w. R. Cibart and
read at length:
RESOLUTION AUTHORIZING THE ISSU-
ANCE OF $4,000 FUNDING BONDS
WHEREAS Sioux County has an outstand
ing indebtedness represented by county war.
rants, in the aggregate amount OF Ninety.hve
thousand Two hundred ninety-eight and 20 100
Dollars (te5 2ps. .aOl Ill Of which Indebtedness
Ii u valid obligation Of the County, and was
created within tho limits Of indebtedness In.
posed by the Constitution and the Laws OF the
State; and 49,
WHEREAS, there are no funds svailsbls for
the payment OF such indebtedness, and said
warrants are drawing interest At the rate OF
seven per cent per snnum. and II Is desmed
advisable aud TOR the beat interssts Of Tho
|1ssantY thte 6,E1s Rs !ssst9 I9r,
funding the said Outstanding Indebtedness; &
NOW; THEREFORE,, BE IT RESOLVED BY
the Board Of County Commissioners Of Sioux
County, North Dakota; Il;
Seotion I. That for The purpose OF funding
the outstanding Indebtedness of ths County,
represented by County warrants, there be- Is.
sued the negotiable coupon bonds OF Sioux
County in the aggreyate amount OF Ninety
Thousand dollars ,&yJ. .tJVJ, consisting OF ninety
bonds OF the denomination Of $1,000 each, num-
bered l to oOincluslve, dated April !, 1922 bear
ing interest ut the rate OF six per sent per
andum. payable semi ANNUALLY gu the htst days
OF April and October Of eacn year, both prtn.
cipal and Interest to De payable ut the Cnase
National Bank in the Guy Of New York, N. y.
Suid bonds to mature annually April 1, Ill nl.
merical order, lowest numDers hrst Us follows:
u QUO 1927 TO 1891, and Vi. .00O 1892 to le4l.
Section 2. That said bonds shall be signed
and attested ny the County Auditor, ,.ud the
seal OF the County shall be afnAed 10 each
bond, and the interest coupons thereto a.tuch.
eu shall be executed win facsimile Of the
signatures of said officers. said bonds and
coupons shsll be substantially iu The following
form:
No.... 100000
Z, UNITED STATES OF AMERICA
STATE OF NORTH DAKOTA
COUNTY OF SIOUX
FUNDING BOND
KNOW ALL MEN BY THESE PRESENTS
that Sioux County, StGte OF North Dakota, IL
justly indebted and for value received hereby
promises 70 pay to W. L. Slayton & Company,
or order. on the first day Of April. l92..., the
principal sum Of s6
ONE THOUSAND DOLLARS
with interest thereon at the rate OF SIX per
centum per annum payable semi-annually or
the tirst days Of April and October Of each
year, as evidenced by and upon the presenta-
tation and surrender OF the interest coupons
hereto attached, ss they severally become
due. Both principal and interst hereof are
payable in lawful money sof the United states
R RNl--. M