The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1925-04-03
COMMISSIONERS
PROCEEDINGS

CONTINUED from Page Four)
(FORM OF COUPON
January
On the LIST day of 1926,
the County Of Sheridan, Montana,
promises to pay to bearer
Dollars g. at the
Office of the County Treasurer in the
City Of Plentywood, Montana, for
interest due that day on its Refunding
Bond dated April /, 1925.
EDWARD IVERSON,
Chairman of Sheridan County Board
Of County commissioners, Montana.
ENG. TORSTENSON,
County Treasurer.
CoCntersigned:
NIELS MADSEN,
County Clerk.
Provided that the first interest cou-
pom of said Bonds shall be fer nine
(9) months interest from the date of
said Bonds to the LIST day Of January,
1926.
(F0rm Of Treasurer's Certifcate)
Ito be endorsed on each bond)
State Of Montana
County eff Sheridan
/ hereby certify that I have regis
tered the within Bond in my office in
the Book provided for that purpose
as, and in the manner required by
law.
IN TESTIMONY WHEREOF wit
ness my official signature.
ENG. TORSTENSON,
County Treasurer, Sheridan Coun-
ty, Montana.
Said Bonds, when executed, as
herein provided, shall be delivered to
the County Treasurer who shall reg
lister the same in the Books of his Of
flee, and shall thereupon deliver the
same to the holders of the Special
Relief Warrants in the manner here
after provided.
Section 4. BE 1T FURTHER RE-
SOLVED that upon the execution. as
required by statute, of the Refunding
Bonds herein authorized, in the form
hereinbefore provided, and upon the
registration thereof by the Treasurer,
and his endorsement of such registra-
ton upon each bond, the Treasurer is
hereby authorized to deliver any of
said Refunding Bonds herein author
lied, at one time, or from time to
time, without distinction as to the
particular serial numbers so to be de-
hvered from time to time, In ex-
change for a like amount, including
interest, of the then outstanding Spe-
cial Relief Warrants of the County.
That is to say, he shall count the
value of each outstanding Special Re
lief Warrant as the face value there
OF with interest to date of exchange,
and shall count the value of each Re
funding bond as $1,000, collecting
from the recipient of each Refund
ing Bond the interest which has ac-
crued thereon from the date of said
Bond to date of delivery; and imme-
diately upon making any such ex-
change, the Special Relief Warrants
so surrendered shall be cancelled and
eXtinguished as obligations of the
County. The intent of this Section
IS to provide solely fer the exchange
OF said Special Relief warrants now
outstanding for the new Refunding
bonds as a method of securing the
cancellation and retirement of the
said outstanding Special Relief War
rants, and the County Board hereby
hnds and determines that the issuance
and delivery of Refunding Bonds in
exchange for and to take up the legal
outstanding Special Relief warrants
Of the County, in the manner and
upon the terms set forth in this sec
ton, IS deemed for the best interest
and advantage of said county.
Section 5. WHEREAS, the date of
issue of the Bonds herein authorized
is prior to the date of the County
tax levies for the year in which the
new bonds are issued, the Board of
County Commissioners shall, at the
time OF making the levy of taxes for
County purposes, levy a tax for the
year 1925, in addition to all ether
taxes, upon all taxable propertv in
the County, for the payment of in
terest on, and the payment and re-
demption of such Bonds, which levy
snail be IN an amount sufficient to
pay the interest becoming due on all
Bonds hereby authorized during the
current fiscal year, and such portion
Of the principal thereof as it to be-
come due during the current fiscal
year; and the Board in every wear
thereafter, until said bonds and the
interest thereon are paid, shall make
the levies for payment of interest and
principal, as required by law.
The motion being duly seconded bv
Commissioner Charles Lundeen and
the vote being upon the adoption of
the resolution, the following Commits
sloners voted aye: Edward Iverson.
Frank French and Charles Lundeen.
Nays: None.
The resolution was declared adopt-
ed.
NIELS MADSFN.
County Clerk and Recorder.
On motion, the County's Averv trac-
tor was sold to Mr. r. J. Coughlip of
Scobey, for S1232.87 and Bill of Sale
was made out for same.
On motion, request from Mrs. Don
ovan of Westby, for supplies as poor
charge, Of $500 per month, was
granted.
On motion. +bo fo11o~.-;