The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1929-11-29

ny and redemption OF such
nj ~ oD their maturity, an am
800 ,,ot less than a sum produced
nv dividing the whole amount OF
The principal of all such 0onos then |
outstanding o,lt and unpaid by the
,,,,,,,ber of wears such bonds have
~, - - rnn before maturity. If
- levy i made for the purpose
of having interest on ana prmel-
nal of amortizatiOn bonds, tnen
sncb lew must be high enough to
raisa an amount sufficient to pay
al amounts becoming due and pay
sble for interest and principal dur
the year next ensuing. The coun- |
~ treasurer shall keep in his
hooks a special and separate sink |
mo and interest fund account Tor
aseb issue or series of bonds
which amount shall at all times
show the exact condition of such
fund. and all moneys derived from
sncb tax levies shall be paid in to
the county treasury and deposited
/ to the credit of the proper sinking
and interest fund and shall be useo
| for the payment if the interest on
and principal of such bonds, and
/ for no other purpose whatever;
provided. that any money now
/ standing to the credit of any such
! sinking fund or interest fund, re-
ceived from taxes heretofore levied
and collected for the purpose OF
having interest on or principal of
such bonds, shall be transferred
to and become part of such sink
ing and interest funds, and any
such taxes which have become de-
linouent and shall hereafter be
paid shall be deposited to the cred
it of such sinking and interest
funds.
If the board of county commits
, sioners of any county shall fail OF
. neglect to make a levy in any
year sufficient to raise the amount
i necessary for the payment of in
) terest on and principal of any
: bonds becoming due and payable
: during such year, or to place IN
the sinking and interest fund fol
such issue or series of bonds the
proper amount, as herein provided
/ the holder of any bond Of such is
: sue or series, or any taxpayer pay
E ing taxes on property situated II
such county, may apply to the dis
trict court of the county issuing
: such bonds for a writ of mandate
: to compel the board Of count!
i commissioner to make a prope
: and sufficient levy for such pur
: poses, and if, upon the hearing o
t such application, it shall appear t
t the satisfaction of the court tina
: the board of county commissioner
\ has failed or neglected to max
any levy whatever for such pun
poses, or has made a levy but tn
same is insufficient to raise tn
i amount required to be raised un
/ der the provisions of this section
u the court shall determine the an
/ cunt of such deficiency and sha
4 issue a writ of mandate directe
s to and requiring such board {
le county commissioners, at the ne,
a meeting thereof for the purpoS
- of making and fixing county ia
5 levies to make and fix a tax lev
against all taxable property in Il
K county sufficient to raise the an
ne cunt of such deficiency, which ley
Sc shall be in addition to the levy T
ouired to be made for the the
e fiscal year; provided, that al
= costs which may be allowed
% awarded the petitioner in al
q such proceeding shall be paid
is the members of such board
ne county commissioners and sh;
VI not be charged against such cou
ne ty.
u This section has not been cor
= piled with by the commissioner
- - as the levy for sinking fund I
nc the year 1923 was 2 mills, viii
would raise about s1S,000.00, a
- the levy as made by them for {
81 year 1929 is 5 mills which woU
ou raise about S32,OO0.00. The /;
c counts for the different series
II bonds as provided for by the abo
UT section have not been set up in I
u Treasurer's office. They shoI
- be set up and kept up to date.
n In addition to the outstandi
warrants and bonds above me
for toned which Sheridan Cour
as- owes, there is large amount o
aet ing to the various Trust and A
NJ ency Funds from the county q
ion eral fund on account of the mon
,v- lost and tied up in the clio:
lie banks, large part of this NOR
,+v in addition 10 the warrants 8
bonds outstanding must be paid
= the taxpayers of your county. A
lA sufficient levies should be m;
ca. each year to take care of a
nSs portion of all this Indebtedness
Oh Of is the only way you can maint
y. the credit of your county and
p 1ne fair to your taxpayers. For ev
ne year that a sufficient levy is
Onu made to pay off your indebtedn
pm on an equitable basis, it will m
ing the burden that much heavier
,ur your taxpayers a year or
nat hence.
Commissioners Journal
The Commissioners Journal
~ their proceedings was exami
U - and the following minutes "
;n.I not properly signed by the Oh
ga man and the Clerk. June %,
oo9 /. and July Is, 1929.
nigh claims
lffi- Due care must be exercised
+ on fore a claim is allowed for !
ling ment to see that the same is
the to legal requirements, as prov
be- by Section 1905 of the 1921 r
the NJ. and that the same bears
any complete date, that the item
high ton is clear and explicit of
1ffi- services rendered and supple:
on material furnished, that the S
ding is duly signed and sworn to. J
IN attention is called to the follow