Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1931-11-26

- -.ENEE<A
Ter for the years is27-ls2S-ls29-I9S0 on
The SEA. Sec. SO. TWP. So. Rye. 81.
Taxes assessed against Lincoln Lum-
Der Co. for the year 1880 On Part OF
Lot one Block Two Original Townsite
Of Plentywood. as the County held Tax
Deed 70 this Lot
On Motion. the application for Old
Age Pension of Anna HELM vas ap-
proved in the amount OF $500 per
month.
on Motion the application Of Anton
Grandahl for Old Age Pension was dis
approved
At 70 o'clock noon the Board recess
Cd until . o'clock p. m.
Al . o'clock p. m. the Board resumed
all Members OF the Board and the Clerk
present.
The BOARD Of County Commissioners
- sheridan County. Montana, after
discussing the financial situation Of the
County, and finding that the County
General Fund. Road Fund. Bridge Fund.
and Poor Fund OF said County is depict
'd and that there have been lawfully
issued against said funds County War
rants in an amount. which. with inter-
est. is not less than s7s.0ooo00 that
ing the ACCESSIBILITY of issuing Funding
Bonds in exchange for such Maturing
Warrants.
T~hereupon Commissioner Hansen in
troduced the following Resolution and
moved its adoption:
RESOLUTION
SEXTON !, WHEREAS. there was
outstanding on the list day Of July, ls-
81. and there is now outstanding. valid,
legal. and subsisting County Warrants,
lawfully issued against the County
Gen. Fund. Bridge Fund, Road and Poor
Fund Of said County in an amount ag-
grrgating in all with interest, not less
than $40. 10000 that the Warrants law
fully issued against each OF said funds,
with interest. are as follows: slS.20o.0Q
against the Road Fund. $1,000 0 against
the Bridge Fund. and s5.S00.o0 against
the Poor Fund.
! SECTION .. WHEREAS. there is no
money in the Sinking Fund. and no tax
Is levied now available for the payment
Of said Warrants, issued against said
funds. and.
SECTION ;. WHEREAS. the total in
dehtednehs of said County, including
the Bonds so proposed 10 be issued, with
all other outstanding bonds and war
rants. except County High School Bonds
and Emergency Bonds. will not exceed
Is and one-half (2h2) percent of the
value of the taxable property within
said County. as ascertained by the last
assessment for State and County Tax
es previous to the issuance OF the Bonds
herein proposed. and, County Taxes
previous to the issuance of the Bonds
herein proposed and,
SECTION 4. WHEREAS. the holders
Of said outstanding County Warrants,
as herein described. are willing to eN-
change the same. together with interest
thereon. for a like amount OF Funding
| Bonds herein authorized. and.
SECTION 8. WHEREAS. IL u,
Judgment of this Board OF County
Commissioners. il is TO the bes, inter-
ests Of Sheridan County. hat Funding
4 Ran1A no tEN.tal ~ fhN Nra1N- nf Yh4
County 10 the amount of sT9.0O0.00 TO
enable IL to retire said amount a. ouI-
standing County Warrants, on said
funds. and interest thereon
NOW THEREFORE,. BE IT RE
SOLVED. by the Boar of County Com
miSsicners of Sheridan County. STAG
of Montana. that under the authority
and in full compliance with the provis-
ions Of Chapter ISIS of the Laws oi j.
2and Legislative Assembly of the Stat,
of Montana. this Board of County Com
missioners proceed TO issue and do Is.
sue Coupon Bondh of his County in tbs
total amount of sT9.0O0.O0, for the pur-
pose OF enabling Sheridan County 10 re-
tire and fund the valid and legal out
standing County Warrants of said Coun-
ty. hereinhefore described. ISSUED
against the General Fund. Road Fund
Bridge Fund. and Poor Fund, of said
County to the total amount Of s79, 10000
including interest; such bonds 20 %.
issued as of the LIST day of January, A
D., 1882. and such bonds shall be eithei
Amortization or Serial Bonds, n al
things being equal, Amortization Bonds
shall be issued in preference to Seria
Bonds, otherwise Serial Bonds may b,
issued
BE IT FURTHER RESOLVED. that
said Bonds shall be payable through F.;
period of ten G0) years from the dat'
of issue. to be redeemable five go years
from the date Of issue. and on any in
terest due date thereafter, at the option
Of the County. and TO bear interest at
rate not exceeding six (6) percent pc
annum and shall be payable semi-annu
ally.
BE 1T FURTHER RESOLVED. tina
in the issue and sale of such bonds
preference shall be given to Amortiza
ton Bonds, and that If Amortization
Bonds are issued, the entire issue ma.
be put into one single bond or dividend
! into several bonds. as the purchaser ma.
indicate in his bid. and as his Boar'
may determine upon at the time of th'
sale: that If II shall be found advan
tageous to issue Serial Bonds, they shall
be in the amount of 81, 10000 each; tn
sum of 100000 Of the said Seria
Bonds to become due and payable on III,
lst day. of January 1888, 1884, 1885
1886 and the sun of 100000 on the Is
day of January, in the year 1887. 1898
1889. and the sum of 100000 on III
Its day of January 1910, and the sun
of $40. 900. 90 on the LIST day OF Januar.
- - "'ao ~ 1oAfA Va N"HfNkNFNN VA 49,
LIST day of January 1912.
BE 1T FURTHER RESOLVED, tina
the Chairman OF this Board of Count,
commissioners, the County Cltrk, an
the County Treasurer of this County
are hereby authorized and directed {
sign the said bond or bonds. and I
sign n c of the coupons attached to tn
same bone or bonds. whether the bond
are issued as Amortization Bonds o
Serial Bonds. provided that fac-simile
of the signatures of the chairman an
Of the County Clerk and County Treas
urer nay be affixed to the Coupons
when so recited in The bonds,
BE 1T FURTHER RESOLVED, tina
this Board meet at the County Commits
~sioners Chambers at the County Cour
House in the City of Fleetwood, !
Sheridan County. Montana, at 2 o'cloc
y. m. on the Sth day of December, :
D., 1881, for the purpose of receivin
and considering bids on said bonds, an
4 tina the County Clerk of this County i
hereby authorized and directed to civ
notice or the sale of said bonds in tn
form and manner provided by law. an
that the said, Notice be published in III
official paper of Sheridan County,
newspaper of general circulation, print
ed and, published at P~lentywood. !
4 sheridan County. Montana once eac
week for four (4) successive weeks. i'm
mediately preceding the date of sale.
, RE 1T FURTHER RESOLVED, tina
; the County Clerk of Sheridan COUNTY
} Montana be and he is hereby directe
} TO send n COP of such Notice of IN
} Sale of said bonds to the Secretary O
} the State Board of Land Commission
J ars for publication. together with
, transcript of the proceedings had "a
, the issuance of said bonds, and sue
] other information relative thereto q
} the Secretary of the State Board q
} Land Commissioners may find nece'
AND BE 1T FURTHER RESOLVED