The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1931-12-04

taxes previous to the issuance of
the bonds herein proposad. md u
SECTION 4, Whereas. the holden
OF SAD outstanding County warrants
as hereln described, are willing to
eAchahSe the same, together with
interest thereon, for a like amorn+
OF Funding bonds herein authorized
SECTION 5, Whereas i, a. -.
me mt of this Board of Conn.,, jug
I1lssloners, 1T is to the best intares+..
% d SheTloan County that Fundine
Dohus be issued on the credit e
me county to the amount of $40 o0a
20 enable IT to retire said ononrt
Oh outstanding County Warrants -.
Seio Iuhos' and interest thereon
cd NOW, THEREFORE,, BE 1T RE
solved. by the Board of C,o,1,St,,
commissioners of Sheridan Conr+,SS
state OF Montana, that under +I
authoFlty and in full comnlianc
WIN the provisions of Chapter 1SS
| Gss me laws OF the 22nd LegisIatiVe
this Board of County Comnoi,. sG5aais''
SLs proceed to issue and do iSS,Io
coupon Bonds of this Countv in 49,
loldI amount of $79,0OO.OO. for tbe
purpose OF enabling Sheridan C,o'I-'
~, 10 retire and fund the valid go
Iegal outstanding County Warrants
"a salo county, hereinbefore describ-
Road Fund, Bridge Fund and Po oau,
Fund OF said County to the totsi
amount OF. $79,00O.0O, including in
| IereSt; such bonds to be issued as
OF the lst day of January. a n
1852, and such bonds shall he either
al Things being equal, Amortization
1sLnlO5 sizatlon or Serial Bonds, ana
poii1s sha1l be issued in preference
TO Serial Bonds, otherwise Serial
Bonds may be issued.
BE 1T FURTHER REsO1 WE'D
that said Bonds shall be pavahIe
through period of ten QO1 wears
from the date of issue. to he re-
deemable five 60 years from the
GATE OF issue, and on any interest
que date thereafter, at the option
OF the County, and to bear interest
at a rtae not exceeding six C per
cen) per amman, and shall be paw
able Semi-annually.
BE 1T FURTHER RESOLVED
that in the issue and sale of such
bonds, preference shall be given to
Amortization Bonds, and that if
Amortization Bonds are issued, the
entire issue may be put into one
single bond or divided into several
bonds, as the purchaser may indi-
cate in his bid, and as this Board
may determine upon at the time or
sale; that if it shall be found adj
vantageoUs to issue Serial Bonds.
they shall be in the amount of s.
100000 each; the sum of 100000 of
the said Serial Bonds to become due
and payable on the 1st day of jan
uary, 1888, 1884, 1885, 1886, and the
January, in the year 1887. 1888,
1889, and the sum of 100000 on
the list day of January, 1910, and
the sum of 100000 on the LIST day
of January 1941, and the sum OF
100000 on the 1st day of Janu-
, airy, 1912.
BE 1T FURTHER RESOLVED
that the Chairman of this Board OF
: County Commissioners, the County
} Clerk, and the County Treasurer OF
J this County, are hereby authorized
and directed to sign the said bond
} or bonds, and to sign each of the
, coupons attached to the same bond
: or bonds, whether the bonds are
: issued as Amortization Bonds or Sc
County Treasurer may be affixed tt
rial Bonds; provided that fac-sim
= lies of the signatures of the Chair
man and of the County Clerk and
BE 1T FURTHER RESOLVED
y that the County Clerk of Sheridan
: County, Montana, be and he i!
{ hereby directed to send a copy O.
t bonds to the Secretary of the Stat
v Board of Land Commissioners. a
the same time the Notice is sent t.
: the official newspaper Of the Coun
ty for publication, together with
/ transcript Of the proceedings ha'
for the issuance of said bonds, ant
such other information relativ
thereto as the Secretary of the Stat
Board of Land Commissioners ma,
/ find necessary.
II AND BE 1T FURTHER RESOLV
II ED, that the form of Notice of tn
sale of said bonds be as follows:
] NOTICE OF SALE OF COUNT!
BONDS
Notice is Hereby Given by tn
a Board of County Commissioners o
9 Sheridan County, State of Montana
that the said Board will on tn
8th day of December, 1881, at tn
hoIr of 2 o'clock P. NJ, at the Coun
ty Commissioners Chambers in tn
County Court House in~PlentywooC
Montana, in the said County, sell t
the highest and best bidder for casl
either amortization or serial bond
of the said county in the total an
cunt of 100000, for the purpos
of enabling the County to retil
n ing County, Warrants issued agains
the General Fund, Road Fun
Bridge Fund, and Poor Fund, {
or Sheridan County, Montana.
"a Amortization bonds will be TT
AZ first choice and serial bonds wi
oa be the second choice of the sal
., board.
" If amortization bonds are sol
and issued, the entire issue may
put into one single bond or divide
I'd into several bonds, as the sal
d. Board may determine upon at II
er time of sale, both principal and Il
is terest to be payable in seml-ann u
O. installments during a period OF tt
p) (1O) years from the date of issue
- If serial bonds are issued al
r. sold they will be in the amount
Of one Thousand Dollars ($1,OOO.O'
1g each; the sum of Five Thousa1
20. (s5, OOO.OO) Dollars will become d.
Ii and payable on the LIST day OF jan
D ary in the years 1881 1884. l9S
- and 1895: and the sum Of Zig
~ Thousand Dollars ($S,O0O.O0) on t
- 1st day Of January, in the yea
1897 1898. 1893; and the sum
'II Ten Thousand ($10,000.00) Dolla
- on the 1st day of January, l94
"a and the sum of Ten Thousand ~
IN OOO.00) Dollars on the ISL oay N
= January, 1871, and the sum OF r
% teen Thousand ($15,000.0O) Dolla
M on the LIST day Of January, 1912.
~ The said bonds, whether amor
- cation or serial bonds, will pear de
= of January LIST, 1882, and will be
interest at a rate not exceeding
(6) per centum per annum, paya1
seni[annually on the first day
Iuiy. and the list day of Janual
- in each year, and will be redee.l
- able in full five CD years from t
date of issue. and on any lntert
not less than their par value wi
The saio bonds will be SOLD
accrued interest to date or dellVe
due date thereafter
end all bidders must state
! lowest rate of interest at which II
will purchase the bonds at par l