Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1931-12-31
Official Sheridan County
Commissioner PROCEEDINGS

the same were issued, and believing
that a sale Of said bonds can be ne
gotiated, and,
WHEREAS, the said Board of
County Commissioners, believ i n &.
from such information received, that
serial bonds will be more advantage
Gus, and that serial bonds will sell
more readily then amortization bonds,
and,
WHEREAS, the Board of County
! Commissioners of Sheridan County,
Montana, deems it for the best inter-
ests of the County to sell said coupon
bonds at private sale,
BE 1T RESOLVED, by the board of
County Commissioners of Sheridan
County, Montana, that the County
Clerk shall forthwith cause serial
bonds in the total sum of Seventy
nine Thousand ($79 $4,000 Dollars, with
coupons thereto attached, to be print
ed or autographed at the expense of
the County at lowest commercial
rates: such bonds to be payable thru
out a period of ten (1O) years from
the date issued, each Of said bonds to
be in the amount of One Thousand
($1,0OO) Dollars, dated on the 1st
day of January, 1882, and bearing
interest at the rate of six co. percent
per annum, payable semi-annually on
the LIST day of July and 1st day of
january, in each year, and be redeem
able in full five (5) years from the
date Of issue and on any interest due
date thereafter.
BE 1T FURTHER RESOLVED that
each and all of said funding bonds
and every coupon attached thereto
shall be signed by the Chairman of the
Board Of County Commissioners and
~attested by the County Clerk and each
bond shall have the Seal affixed there
to; provided, however, that lithogra-
pied Or engraved facsimiles of the
signatures of the Chairman of the
Board, the Treasurer and the County
Clerk may be affixed to the coupons
in place of thei signatures, and that
such fact shall be recited in the
bonds.
BE 1T FURTHER RESOLVED
that the printing of said serial bonds
as to date, amount of each bond, due
date, interest, and all other acts per-
tanning to the printing and issuing OF
said bonds shall be in accordance
with and in full compliance with the
the Resolution passed and approved
of by this Board of County Commits.
sfoners Of Sheridan County, Montana
on the 4th day of November, 1881
pertaining to the issuing of said fund.
ing bonds,
BE 1T FURTHER RESOLVED
that after the printing and execution
of said Funding bonds, as herein pro-
the County Treasurer who shall reg
lister the same in the books of his of.
flee, and the said bonds shall be
sold for a sum not less than par, with
vided, the same shall be delivered tt
accrued interest to date Of delivery
and the money derived from the sale
of such bonds shall be placed by this
County Treasurer in a separate fund
to be used only for the paying anG
retiring of such legal and valid coun-
ty warrants which were drawn and is.
sued by Sheridan County, Montana
prior to the LIST day of July, 1881, up.
on the following funds, and in thu
following amounts, to-wit: Thirteer
Thousand Two Hundred ($13,2OO'
Dollars on the General Fund, Fifty
seven Thousand ($57, OOO) Dollars OF
the Road Fund, Three Thousan<
($3,00O) Dollars on the Bridge Fund
and Fifteen Thousand Eight Humid
red $15,800) Dollars on the Poo
Fund; and after receiving the pro
ceeds from the sale Of such bonds, tn,
County Treasurer shall make a cal
for all such outstanding County War
rants heretofore issued by Sherida,
County, Montana, prior to July tn
1st, 1881, on the different fund.
above mentioned.
BE 1T FURTHER RESOLVED
that the form of such funding bonds
as hereinbefore authorized, to b.
printed, issued, and executed by Sher
idan County, shall be substantially a.
follows: