Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1927-11-25

FUND
f. G. Ferguson, gopher bounty 5000
At 1900 o'clock noon the Board
recessed until 100 o'clock p. m. AT
Loo o'clock p. m. the Board resumed
pursuant to recess taken, all men,
bers of the Board and the clerk pres
ent.
Several bankers of the county, hay
ing been asked by the Board to at
tend this meeting. appeared at this
time and discussed with the Board
the matter of County funds. After
a lengthy discussion, the following
resolution was introduced and adopted
all members concurring:
RESOLUTION
WHEREAS, at the present time
there is being paid into the treasury
of the county large amounts of money
which willonly remain for a short
period until it can be applied in pay
ment of the general obligations of
the county, and
WHEREAS, these funds are not de-
sirable as deposits in the various
banks of the County for the reason
that bonds must be bought and de-
posted as security for said funds,
which entails expense and consider
able legal formalities to procure, and
WHEREAS, the revenues which the
various banks have received from the
bonds so purchased in many instances
do not more than cover the interest
which the banks have been paying
the county on its deposits, and
WHEREAS, the Board of County
Commissioners deem it desirable that
the moneys paid into the County
reasury by the taxpayers be deposited
in the banks of the county.
NOW THEREFORE BE 1T RE-
SOLVED, That the County Treas
urer hereby be and is instructed to
deposit with said banks the moneys
received from taxes, and that interest
shall be charged at the rate of 1-2
per cent per mum Provided how
ever, that no moneys shall be depos-
tied unless proper and legal securi-
ties shall first have been furnished
by said banks, and thereafter the
moneys shall be deposited on a pro
rata basis according to the capital
stock and surplus of the various de-
~positaries.
BE 1T FURTHER RESOLVED,
That we deem this a necessary pro-
cedure in order to secure sufficient
repositories, and in order to safe
guadr the public funds.
Mr.. C. c. Johnson appeared before
the Board in behalf of j. l.. Sather of
Westby, and asked that the taxes as
sessed against R. A. Grams for the
years 1917-1918-1919 be checked over
to ascertain the description of property
covered in this assessment. 1t was
found that the same covered a piece
of land at Westby, described as being
lao feet by so feet, joining r. R.
Right of Way on the north. 1t was
also found hat the taxes assessed
against this piece of land for the
years 1917-191S-1919, had not been
paid.
A request had been received from
the Sheriff asking that two Deputies
be appointed to guard the Treasurers
Office during the taxpaying season,
and on motion, the Board authorized
the, Sheriff to appoint one Deputy for
such purpose at this time.
Attorney Paul Rsabcock appeared
before the Board and told the Board
that it might be advisable for the
Board to Hire additional Council to
help Mr.. Babcock in the County's
Case against the National Surety Co.
of New York. The Board took the
matter under advisement.
AS the Board had ordered a special
meeting to be held on Nov. 10Th, 1927,
for the purpose of selling town lots,
the clerk was instructed to have the
necessary Notices posted.
On motion, the minutes Of the two
previous meetings were read and APP
proved as read.
On motion. at 500 o'clock p. m. the
Board adjourned.
Niels Madsen, Clerk,
Ed. I~verson, Chairman of the Board