The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1925-04-24


as. and in the manner, required by
law.
IN TESTIMONY WHEREOF wit
ness my official signature.
Eng. TorstensOn.
County Treasurer,
Sheridan County, 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
office. 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 Refundlng
Bonds herein authorized, in the form
hereinbefore provided, and upon the
registration thereof by the Treasurer,
and his endorsement of such regis
tration 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
delivered from time to time, in eX-
change for a like amount, including
interest, of the then outstanding
Special Relief Warrants of the COun-
ty. That is to say, he shall count
the value of each outstanding Special
Relief Warrant as the face value
thereof with interest TO date of ex-
change, and shall count the value OF
each Refumding Bond as $1,000, col
lecting from the recipient of each
Refunding Bond the interest which
has accrued thereon from the date Of
said bond to date of delivery; anC
Immediately upon making any sucf
exchange, the Special Relief War
rants so surrendered shall be cancel
led and extinguished as obligations o.
the County. The intent Of this sec
ton is to provide solely for the ex
change of said Special Relief War
rants now outstanding fer the new
Refmding Bonds as a method OF Sc
curing the cancellation and retire
ment of the said outstanding Specia
Relief Warrants, and the Count,
Board hereby finds and determine
that the issuance and delivery of Re
funding Bonds in exchange for and t.
take up the legal outstanding Specla
Relief Warrants Of the County, IN tn
manner and upon the terms set fort
in this Section, is deemed for the bes
interest and advantage Of said Coun
ty.
Section 5: WHEREAS the date O
issue of the bonds herein authorize
is prior to- the date of the County ia
levies for the year in which the ne7
bonds are issued, the County Boar
of County Commissioners shall,
the time of making the levy Of take
for County purposes, levy a tax Il
the wear 1925, in addition to all oil
err taxes, upon all taxable prOpert
in the County, for the payment (
interest on, and the payment and r
demption of such bonds, which lev
shall be in an amount sufficient
nav the interest becoming due on {
bonds hereby authorized during Il
current fiscal year, and such porte
of the principal thereof as is to b
come due during the current tlsc
wear; and the Board in every We
thereafter, until said bonds and t
interest thereon are paid, shall ma
the levies for payment of intere
and principal, as required by law.
Section 6: That said certain res
luton adopted by the County Boa
of said County on the Goth day
March, 1925, is hereby in all respeC
repealed.
The motion being duly seconded
Commissioner Charles Lundeen a
the vote being upon the adoption
the resolution, the following Co
missioners voted AYE: Edward ",
son, Frank French and Charles IL
deem. NAYS: None.
The resolution was declared ado
ed.
NIELS MADSEN
County Clerk and Record
At 1900 o'clock Noon the Bo;
recessed until 900 o'clock P. NJ.
At 200 o'clock p. NJ, the Bo;
resumed pursuant to recess taken,
members and the clerk were prese
Several parties from Redstone {
Raymond appeared before the Bo;
in regards to having Road Work d,
in their respective Districts, and
they had considerable work and MOI
promised as donations towards 9
ting those roads, the Board promi
to do the best that could be done.
On motion, the monthly Reports
Sheriff, Clerk of Court, Clerk &;
Recorder and Quarterly Report