The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1925-03-06
Co. Commissioners Proceeding,

s-
I the Sc. Element with the said The
Minnesota Loan and Trust Comnanv
Trustee, and L. u. Beiseker. reserves
the right to recover from the lion
Bonding d Surety Company, the
Western Indemnity Company, or any
other surety Company interested IN
this transaction, such amount as #
may be able to recover from eucb
companies, with releases BY such snra-
ty companies, Of their rights of sub-
rogatiOn against T. L. Beiseker IF tba
Trust Estate, so that there sbould
not be any question of Ii igation arts
ing between said surety Comnaniee
their successors or assigns. and r r.
Beiseker and the Minnesota Loan and
Trust Company as Trustee or his ar
/ its successors or assigns, the releases
to- be secured from the Lion BONDING
q Surety Company or its Trustee in
Bankruptcy, and the Western Tnden-
nifty Company or it's Trustee in Rank
ruptcy, and any other surety company
interested in this transaction. bv Sber-
ldan County or its Attorney. with an
Order of Court confirming the releas-
es, to be delivered at the time of ex-
change Of Papers in the settlement:
in all respects the settlement to be a
cancellation and release Of 7. l.. Bel
seeker and The Minnesota Loan and
Trust Company as Trust ee, in full. of
all liabilities arising or growing on
of the claims of Sheridan County
against all persons, corporations. com
panies and the Trustee. Provided
however, that this settlement shall in
NO manner affect the claim of the Ma
tional Surety Company against the
Trust Estate or against the Sheridan
County State Bank.
The property to be transferred 10
the said Sheridan County is described
as follows, the encountered lands be-
ing indicated by an asterisk (#):
Sheridan County, Montana Relief
Fund warrants amounting toss, $685.
The acceptance of the lands by Sher-
dan County is made with the under
standing that there are taxes fer the
years 1922 and 1923, and current tax
/ es.
Certain of the lands hereinbefore des-
cribed are subject to mortgages which
! have been made and executed bv the
I. L. Beiseker Land Co. The County
of Sheridan accepts these certain
/ lands and assumes and agrees to nav
! the mortgages thereon and to release
! the L. L. Beiseker Land Co. from all
| liability Hereunder, with the Under
standing however, that if Sheidan
County desires to do SO, it will have
| the right to return any part of such
lands to the Trust Estate on or before
June 18TH, 1925 instead of paying the
mortgage, but without any right on
the part of Sheridan County to claim
or to require additional land or pro-
perty or other compensation from the
said 7. L. Beiseker or from the Trust
Estate in place of the lands so re-
turned
Sheridan County, in consideration
of the transfer of these lands to it,
further agrees that it will cancel and
return to the Trustee fer T. L. Bets
eker, nine (9) promissory notes made
! by T. L. Beiseker dated September z,
! 1921, and aggreating Two Hundred
Eighteen Thousand, three hundred
four dollars ($218, 3O4OO), given pur-
suant to the terms of the agreement
dated September z, 1921, by and be-
tween 7. L. Beiseker, The Minnesota
Loan and Trust Company, and Sheri-
dan County, and will fully release the
said 7. L. Beiseker, The Minnesota
Loan and Trust Company as Trustee,
/ I. L. Beiseker Land Co, and any and
all other persons interested in the
Trust Estate, from any and all liza
bility for payment of the said notes
or of the Indebtedness evidenced
thereby; and
Whereas, The Board of County
Commissioners having duly consider
ed the said agreements, and all parts
thereof, and being fully advised
therein, deem it to be to the advant-
age and benefit and for the best in
terest cf Sheridan County that the
agreement should be approved, rail-
fed and accepted by Sheridan Coun-
ty;
NOW, THEREFORE, BE IT RE-
| SOLVED by the Board of County
Commissioners of Sheridan County
Montana, by unanimous vote of al
r the Commissioners. that the sai(
agreement entered into by and be-
tween Sheridan County by Arthur
LeSueur, its special Council, and the
Minnesota Loan and Trust Company
as Trustee, and T. L. Beiseker, be
and hereby is in all things approved
ratified and accepted; and Sheridan
County hereby adopts the said agree
ment as its official act and it doe
hereby agree 20 be bound by the saiC
agreement and to carry out the terms
and provisions of the said agreemen
by it to be performed; and
: BE 1T FURTHER RESOLVED
that the proper officers of Sheridan
County be and they are hereby auth
oized and empowered to make, exc
: cute and deliver all papers, agree
5 men S, releases and acceptances ne
cessaTy to fully carry out and per
/ form the terms of this agreement OF