davidaulloa/AmericanStories huggingface dataset:
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1935-06-13

the unencumbered county sinking
fund cash to call and retire as many
of the new refunding bonds as pos
sible. The unencumbered county
sinking fund cash shall be the coun-
ty sinking fund cash as shown by
the County Treasurer's books, less
the amount necessary for interest re-
quirements and the total amount tied
up in closed banks
Upon the exchange Of the bonds
when and after said plan is consum-
mated, any bond held by the State
of Montana. or any of its Boards,
will not be exchanged but will be
paid in cash at face value thereof
with accrued interest, in accordance
with Chapter s, Section II of the
1884 Extraordinary Session Laws.
go In the issuance of ~refunding
bonds under this plan to the holders
Of six per cent (6%o) funding bonds
numbered NO. 36 to No. IS, inclusive,
and No. SO to SO, inclusive, dated
January /, 1914, due January /.
1884, and enormously called as
aforesaid, and to the holders
Of all other past due bonds which
became due prior to December 81,
1884, the refunding bonds issued to
such holders shall be designated by
special distinguishing numbers or
otherwise. Whenever r%efunding
bonds are to DE redeemed, as here
in provided, the refunding bonds to
be redeemed shall be selected by lot
first among those SO specially des-
ignated until all the bonds so spec
tally designated shall have been re-
deemed. Provided, however, that at
the time the refunding bonds issued
hereunder Ire exchanged for the
bonds now outstanding the County
Commissioners may call by lot such
specially designated refunding
bonds, exchanged for the erroneous
ly called funding bonds and all other
past due bonds, as there are funds
on hand In the sinking fund in ex-
cess OF one years interest require
ment on the entire refunding issue.
(6) AS Don as the debt readjust-
ment plan becomes finally effective
as provided In paragraph IA, below,
the County shall pay to the North
western National Bank and Trust
Company OF Minneapolis, the depos-
itary under said Bondholders' Pro
tective Agreement, all interest ac-
crued to January /, 1895 upon bonds
held by the Committee. All interest
accrued to January /, 1885 shall be
computed at the rates specified in
the respective bonds. Upon such
payments, there shall be surrender
ed to the County such coupons as
are paid In full, and in cases Of pay
ment OF interest accrued after bond
maturlties and partial payment Of
interest coupons, the Committee
shall tender bonds and coupons for
the purpose Of having payment OF
interest endorsed thereon.
ca All refunding bonds shall be
the general and unconditional obli-
cations OF the County, And the full !
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1935-06-13

(3) Said refunding bonds shall he
term bonds dated as Of January l,
1885, shall mature January l, 1854,
| shall bear interest at the rate of 4%
per annum for the first ten years
and at the rate of $50 per annum
thereafter. Said interest shall be
payable semi-annua1ly ON the first
days of January and July each year,
Principal and interest shall be pay
able in lawful money of the United
| States of America at the office OF
the Sheridan County Treasurer
Flentywood, Montana. All bonds
shall have proper interest coupons
attached thereto.
az Said refunding bonds shall be
| subject to redemption from time to
/, time on any interest payment date
at par plus accrued interest In the
following manner as provided by
| Section Z of said municipal refund
ing law; Whenever moneys, accum-
ulated from the levies prescribed
herein in the sinking fund establish
ed for said bonds are OF hand In *
cess of the amount needed for inter
est requirements for one year, and
which are sufficient to retire one Or
more bonds, the Board of County
Commissioners shall cause published
advertisement to be made by pub
fishing a notice to the holders Of
said bonds not less than thirty (30)
days prior to the redemption date at
least once in a newspaper OF general
circulation in the County. Said no.
tice shall state the amount available
in the sinking fund which the Board
Of County Commissioners may use
for the purchase of bonds offered by
tender; said purchases will be made
at the lowest prices at which bonds
may be offered to the extent OF the
amount available. The expiration
date in said notice shall be fixed at
such time as to be not less than ten
(10) days prior to the next ensuing
interest payment date, so that said
moneys may be used for the retire
meDt of bonds by lot.
Bonds shall be selected for re-
demption by lot by a committee con-
sisting of the following: (a) the
Treasurer of Sheridan County (b)
the Chairman OF the Sheridan Board
Of County Commissioners, (c) the
State Examiner or his nominee. The
County Treasurer shall by mail no
tify the holders thereof II known.
The bonds so determined upon, with
inteest accrued to redemption date,
shall be paid forthwith on presenta-
ton OF such bonds with all unmatur-
ed coupons attached, on or after
such next ensuing interest payment
date. The bonds shall cease to bear
interest on the redemption date and
the accrued interest on any bond
ordered to be redeemed shall not be
paid on or after such redemption
date, unless such bond with unmat-
ured coupons attached shall be u
rendered for payment.
Immediately upon the consumma-
ton OF the refunding plan herein
provided for, the county shall use
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1935-06-13

faith, credit and unlimited taxing
powers Of the County shall be pledg-
ed to their payment and the County
shall be obligated to levy taxes an
nually in sufficient amounts for the
payment of interest on said refund
ing bonds as it becomes due and to
create a sinking fund at the rate
herein provided for the payment of
principal at maturity. Such bonds
shall be executed in the name pro-
vided by law and shall be in such
form as shall be approved by coun-
sci for the Committee. Said refund
ing bonds shall be approved as to
validity by Kingman, Gross, Morley
& Cant of Minneapolis.
(S) For the payment of interest
and principal of said refunding
bonds the County shall make the fol
lowln tax levies which are 500 in
excess Of actual requirements to
comply with Section 8 OF said NUM-
cipal %refunding law:
7 -.fo3 - r11ro1tfAlo oxv
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1935-06-13

law set forth in Chapter vi of the
Laws of Montana passed In the 1888
"a Extraordinary Assembly OF the
Legislature OF the State of Montana
and approved on December 10, 1888,
that the Board of County Commits
sioners OF Sheridan County, Montana
at a regular meeting held at the
county Courthouse in the City Of
Plentywood, on the It'll day of May
1895. adopted pursuant to the pro
visions CT the aforesaid law a debt
REIMBURSEMENT and refunding plan.
that said refunding plan contem
plates the refunding Of all the pres
ent bonded indebtedness OF Sheridan
County as set forth and described
hmm diatolu holom.
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1935-06-13

shall then operate and have the full
force and effect OF an order for the
payment of money and the Clerk
and Treasurer OF Sheridan County
then holding office are hereby d.
rected to give effect to it as such.
13.That the Board hereby authorizes
and directs that when the refunding
plan herein adopted becomes finally
effective as aforesaid, the members
of this Board, any subsequent Board
of County Commissioners for Sheri-
dan County, and any and all officers
OF said County and their successors
shall take any and ali actions or pro-
ceedirgs that may be necessary TO
effectuate the provisions of the fore
going plan and the provisions OF this
resolution, and to abide by and carry
out levies. appropriations, and ord
end that the interest and principal
Of said r%efunding bonds issued under
said plan will be promptly paid In
compliance with said plan and this
resolution.
IA. That the Board OF County Com
| missioners hereby states and de-
clares that the regular meeting at
which the foregoing resolution was
considered and passed upon was
duly called and due notice thereof
given according to law.
Is. That in the event any provis-
ions or provision or any portion or
| portions Of the provisions in the
foregoing resolution shall for any
reason Dy any court be declared or
found invalid or Intellectual, the re-
mainder OF the foregoing resolution
shall not be affected thereby.
PASSED by the Board of County
| Commissioners, in and for Sheridan
County, State of Montana, and the
seal OF said County hereto affixed
| by the authority of said Board, on
| this 7 day OF May, 1885.
A. ]. OLSON,
Chairman.
CARL TANGE
HENRY HUNTER
(SEAL)
ATTEST:
NIEIS MADSEN,
| Clerk of County of Sheridan
| State of Montana.
| BY A. ID. HOVET, Deputy.
THIS AGREEMENT, Made and
! entered into in duplicate this 7 day
| Of May, 1885, by and between the
| County OF Sheridan, a municipal cor
poration created and existing under
the laws OF the State of Montana,
| hereinafter called the County },
and w. A. SIMONTON, E. S. JUDD
and r. ]. STALLMAN. as a bond.
holders committee for bonds issued
10y said County, under a Bondhold-
ers' Protective Agreement for Coun-
ty OF Sheridan dated August 70,
1894, Hereinafter called the Com
mittee').
WITNESSETH: That
WHEREAS, there are now out
standing, due and unpaid bonds here
tofore issued by said County in the
aggregate principal amount of ap-
! proximate.y 1855 900; and
WHEREAS, the County on July l,
1884 was in default on approximate
ly 5000 interest on bonds which
had matured; and
WHEREAS, because OF Delinquent
taxes the said County is not In a
| position to pay all OF said defaulted
| principal and because Of general fin
ancial conditions in said County, 1t
| WILL not be able to meet future pay
ments OF principal; and
WHEREAS said County now has
an outstanding bonded Indebtedness
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1935-06-13

in the total principal amount of
$5O4,OOO. including bonds due and
not yet due; and
WHEREAS, ii is deemed advis-
able to take advantage of the recent
ly enacted municipal refunding law
approved on the 18th day of Deem
Der, 1888, and set forth in Chapter
vi of the Laws of Montana passed in
the 1854 Extraordinary Session of
the Legislative Assembly OF the
State of Montana Hereinafter refer
red TO as THE municipal refunding
law; and
WHEREAS, said County has, with
In the meaning of said municipal re-
funding law, an indebtedness OF out
standing bonds and registered war
rants lawfully issued, in an amount
in the aggregate in excess of fifty
per centum 5000 of the total In
~debtedness which may be lawfully
incurred under the provisions OF the
Constitution of the State OF Mon
tana limiting the amount OF indebt-
edness which may be incurred by
counties; and
WHEREAS, certain Of the out
standing bonds Of said County, to-
wit, funding bonds numbered from
No. Sc to No. IS, inclusive. and No.
50 to No. Sc, inclusive, dated Janu-
airy l. 1914 and due January l, 1884,
bearing interest at the rate OF six
per centum (6%), were enormously
called for payment by the Treasurer
OF the County on June 20, 1884, and,
r. onn oxt1n hA<. ranaf60d hN
the Board of County Commissioners,
said bonds remain unpaid; and
WHEREAS, the said County and
said Committee have agreed upon a
plan for the adjustment Of its obli-
cations as respects its Indebtedness
and for the refunding Of the out
standing bonds Of said County, In
| Guiding the bonds enormously called
as aforesaid, in accordance with the
| provisions of said refunding law;
| and
WHEREAS, said plan was incorpor-
| ated in an agreement between said
| County and said Committee under
date of October 81, 1884 and on the
same date said plan was adopted by
| resolution OF the Board OF County
/ NOuIUIllSSlOu6IS lOl Sdlu NOuliCy ohN
WHEREAS, following the adop-
| ton Of said resolution said plan was
| submitted to the State Examiner OF
| the State Of Montana pursuant to the
| provisions of said Municipal refund
ing laws w%hereupon the State Ex-
| aminer made certain recommends
| lions requiring changes in said re-
| funding plan; and
| WHEREAS, the parties hereto de-
| sire to comply with said recommends
| lions made by the State Examiner
| and to reaffirm the terms Of the
| said agreement Of October 81, 1884,
as modified by said recommends
| tions;
NOW, THEREFORE,, 1T Is AG-
REED by and between said County
| and said Committee as follows:
ID That this agreement and the
| refunding plan for Sheridan County,
| Montana, set forth herein shall upon
| the execution of this agreement be
deemed to have superseded and shall
in every respect take. the place of
| the agreement between the parties
| hereto entered into on the 31st day
OF October, 1884.
(2) That all OF the present out
standing bonds OF Sheridan County,
in the total amount OF $504, 900 as set
forth and described Immediately be-
low, shall be refunded into refund
King bonds.
Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1935-06-13

Herald a newspaper of general cir
culation published In Sheridan Coun-
ty. substantially In the form set forth
on the following page:
NOTICE OF THE ADOPTION OF
BOND REFUNDiNG PLAN FOR
SHERIDAN COUNTY, MONTANA
NOTICE is HEREBY GIVEN. in
accordance with the provisions OF
Section 8 OF the municipal refunding
Evening star., 1935-02-02
CHICAGO LIVE STOCK.

CHICAGO, February Up Omitted
States Department of Aericulture) Cat
tie. 500 commercial. 300 Government;
calves. 300 commercial. 100 Government:
compared Friday last week Better grade
fed steers and yearlinss. so higher; in
stances. % up; top. IS higher at 13 i5.
against 13 90 last week: lower grade steers
unevenly 25a50. mostly 25 higher. such
onerings closing slow. but still relatively
very nigh compared TOD live cattle; dressed
peer msTket very slow. possibly weaken:
ing factor on lower grade steers and
yeisrinss yea ms and she stock best long yearlnss
practically all cattle grading choice selling
on Eastern. account at 1880 upward;
strictly good and choice heifers scarce, so
nlgher;. top heifers 11.75: lower grades
c!csed low along with cutter and common
peel cows: better Grade cows. o5a50 higher:
nuJs. loal5 higher: but vealers unevenly
uuaS % lower: killers again took big end
Oh .n-oetween and lower Grade steer crop
Sheep. 900: for week ending Friday
g,3oO directs, COMPARED Friday last week:
between Grades soa75 on ~ sheep ioTs * down IN
and feeding lambs. rs lower: weeks fop
fat lambs. go: late top. 9iO: week.
oulk. S;?5a900. with closing bulk SOFA
%: both quality and weight important
price determining factors at close: nunIer
Gus loads. s:n0a25. with some medium
Quality down to 7.50: choice cliuped lambs,
500: good yearlings closed. 7.75: slaueh-
ter ewes. 400a5.0 90; weeks top. SOS, paid
early; late sales feeding lambs. 6.50a7 .35;
eshs tep to 1875 thin kinds
pers took zoo; estimated hoidover. 1000.
Evening star., 1935-02-02
New York Cotton
BY the Associated Press.

NEW YORK, February Cotton
futures opened steady, to points
decline, with lower Liverpool cables
partially Offset by trade buying.
March, 1928: May, 1894: July, 1875;
October. 1926; December, 1892; jan
uary, 12.31b. Bid.
There was quite a squirt Of selling
at the start, attributed to liquidation,
and few stop orders were uncovered.
Offerings were absorbed by trade buy
ing or covering, however, and after
selling off to 1892 for May and 1924
for october. or about to points net
lower, the pressure subsidized somewhat,
with the market holding fairly steady
at the end Of the first half hour.
Much Of the trading was attributed
to evening up of both foreign and
domestic accounts pending a decision
on the gold clause cases or develop
mentS in other directions. One Of the
early cables from Liverpool said the
market there was awaiting the gold
clause decision, but that there was q
moderate business. Bombay and local
selling, according to these reports, was
taken by trade buying at the decline.
The amount of cotton on Shipboard
awaiting clearance at the end of the
week was estimated at $4,000 bales,
against 173, 900 last year.
Evening star., 1935-02-02
STOCK PR|CESSTAY
AT STEADY LEVELS
Some Evening Up" of Ac-
counts ReCorded-Turn.
over Is Near 100000.
BY VICTOR EUBANK,
Associated Press Financial Writer.

NEW YORK, February "A pos
sible Supreme Court decision Monday
Of the much-disputed gold clause"
cases apparently did not unduly dis
turb todays brief stock market session.
Although there was some evening up"
OF commitments, prices generally
closed fairly steady. Transfers ap-
proximated 100000 shares.
While most traders seemed a little
timid in the matter of expanding COM
mitmentS, there was no pronounced
disposition to liquidate in anticipation
of the high courts ruling. moderate
demand for the metals, which pushed
up the prices Of several members of
this group, indicated to some observers
that the fears Of serious market reper-
cussions following the gold judgment
were evaporating.
Instead of viewing the judicial situ-
alton with apprehension, most market
observers were of the opinion that
equities, as a whole, probably had al
ready discounted a pronouncement
adverse to the administration none
tary program.
The bulk of the trade news was re-
garded as satisfactory and it was
estimated in some quarters that a
seasonal let-down in industrial pro-
duction would be less than had been
expected.
Commodities were uncertain in
trend and bonds were a trif1e mixed.
Leading European gold currencies
were somewhat lower in terms of the
dollar.
Shares of United States Smelling,
Cerro de Pasco and Mcintyre Porcu-
pine advanced l to around 2 points.
Santa Fe, Case and American Can
pushed up about l each, and frac-
tional gamers included du Pont, Gen.
eral Motors, Chrysler, Schenley. Ma
tional Steel, United States and Beth
lehem Steels, Westinghouse, American
Tobacco B and Sears -Roebuck. Such
issues as American Telephone. West
.ern Union, Consolidated Gas, Liggett
g. Myers B, Reynolds B and Standard
Oh of New Jersey were unchanged to
easier.
Evening star., 1935-02-02
NEW YORK PRODUCE.

NEW YORK February UP.-Eggs.
1898; firm; mixed colors. special packs
or selections from fresh receipts. 32a32s4;
standards and commercial standards. 81
dirties No. /. AZ pounds. 80; average
checks. %: refrigerator. frsts. unauoted
Butter. $3.50; strong; creamery. higher
than extra, 'iAa39E: extra t92 scorel.
3sIa; frsts (sS-91 scores). 35l2a3s: sec.
onds s487 scores). unquoted; centralized
600 scoTe). 37A.
Cheese. 13O.O75: firm; prices UNCHANGED.
Live poultry nominal; all freight and ex-
press grades unouoted.
Dressed poultry quiet: all fresh and
frozen grades unchanged
Evening star., 1935-02-02
CHICAGO PRODUCE.

CHICAGO February . E..-Butter. s.
737; firm: creamery. specials t93 Scorel
9D 35Lai2; firsts (ss-S9). 34l4a34; sec
onds (S6-SD 33a33l7; standards go.
centralized carlotsl: 36lA. Butter sales, 2
extra frsts. 2Sa29A; fresh graded hrsts.
2Sa29; current receipts. %. No egg sales:
Potatoes. 81; on track. 2s2; total United
States shipments. S51: slightly weaker. sup
Wisconsin round whites. U. g. No. 1. 77lza
S2lz: fine quality. S5; Idaho Russets. U.
s. No. /, 145a5O; commercial grade.
1.17i7a2212
Poultry. live. trucks: steady: hens.
Trials: LeRhorn hens. 15ia; Rock broil-
ers. 22a22l7; colored, 90; Rock and col
ored Springs. 90; Lcghorn. Is; roosters, IA;
hen turkeys 90; young toms. Is; old. 10;
No. .. IA; ducks. 4la pounds up. 20a21;
small. Is; geese, Is; capons, 81 pounds.
%.
Dressed turkeys steady. prices un-
changed.
Evening star., 1935-02-02
U. S. TREASURY POSITION.
BY the Associated Press.

The position of the Treasury January
81 was: Receipts. S6,056. .O29 "a; expen-
ditures. S15,s47 .531.1O; balance, SABA
392 435 81; customs receipts for the
month. S26.350.7II.74.
Receipts for the fiscal year (since July
u. So. .O47. sS3,993 "a; expenditures. S4,-
0I3.557 .9o9.35 Including S2,074 s4a.-
772.S7 Of emergency expenditures; ex-
cess Of expenditures. Sl965,613 IL;
gold assets. Ss,3s9. 9.S7s.47s SO
Receipts for January 81. 1884 tcom-
parable date last year.. S254.57l SOC. SO;
expenditures. S72 .00s.774 70; net bal
ance.. S1.537. POI 1l219: customs receipts
for the. month. S26. 306.2934s
Receipts for the fiscal year 81 $40 s51 -
cluding S1,963 s33.O5346 Of emergency
expendituresl: excess of expenditures 81 :
32.5as, 1885; gold assets. S4.O34, ,s67. =
Evening star., 1935-02-02
I.iYernnnI Qunfafinns

LIVERPOOL, February 2 R.-Cotton,
10000 bales, including $500 American.
Spot. moderate business done; prices /
lean strict good middling. 1855; good mid
ding. 1856 strict middling. 7.21; mid
ding. T.O6; strict low middiing. 6.9I;
GAG; good ordinary. 6.16. Futures closed
quiet March. 6.7S; May. 6.72; July,
6.6S; October. COS; December, 6.57;
January. $3.50.
Evening star., 1935-02-02
DOLLAR HOLDS NARROW
IN DULL LONDON MART
nv tb. Assoc,ated press

BY the Associated Press.
LONDON, February 2.-The United
States dollar moved narrowly on q
quiet market today, closing at 4.871s
to the pound after opening at 4.87 LIS.
Yesterdays closing price was 4.87 3-16.
The French franc closed at 1923 to
the pound as compared to yesterdays
close Of TAPS. i.
PARIS, February 2 R.-Three per
cent rentes, SO francs 80 centimes;
~ per cent rentes, 9285.
Exchange on London, 74.31. The
dollar was quoted at 15.2615.
Evening star., 1935-02-02
9.591 USE NEW TRAIN.

CHICAGO, February 2 @.-Pas-
senger traffic officials Of the Chicago
g. Northwestern Railroad yesterday
announced that 9,591 revenue passen-
gers rode "The 400," minute
train between Chicago and the Min
nesoto Twin Cities, during its first
month Of operation.
Evening star., 1935-02-02
FOREIGN MARKETS.

PAR1S.-Internal political dificulties
eounterbalanced a favorable outlook on the
LONDON conversations. causing trading on
the Bourse to turn heavy today. weakness
In rentes affected French stocks. but in
ternational issues were more resistant The
closing was heavy
HERLIN.-After an optimistic opening
trading became dull on the Boerse today.
The closing was weak
LONDON N--Closed
Evening star., 1935-02-02
RUBBER FUTURES.

NEW YORK. February Q R.-Crude
rubber futures closed steady. l to 6
sesr t4sess saias ms4cb No Mac SSS
13.O2-O3; September. 13.16b; October
l3.25n; December 13.43b; January,
1352n Smoked ribbed spot. 12.67n. b.
bid: n-uomiQal.
Evening star., 1935-02-02

Bleachable cottonseed oil futures
closed easy; spot unquoted; February,
10-e5b; March, 11.O2; April, 11.02b;
May, 11.05; June, 11.05b; July, HOT
10: August. 1107b. Sales "a con-
tracts, including switches. Bid.
Evening star., 1935-02-02
A Zonite Products. 6 A. a.
Sales Of Stocks on the New York Exchange

HOO Am. ..... $4,000 1900 Noon. >. 100000
DIVIDEND table are the annual
cash payments based the latest quarterly halyeary
declarations
sUnit of trading extra tPlus
~ in stock hPaid last year-no regular rate bPayable
stoek sPlps A. In stock sPad this year iAccumuated
ganzed mPlus Sc in stock nPus 3es in stock. pPius
Evening star., 1935-02-02
Washington Exchange

SALES.
Washington Railway & Electric pfd.-
10 at 101A.
Woodward & Lothrop com.-25 at %,
Is at 20, Is at 20, Is at 20 (seller Z
days for delivery. 100 at %, 100 at
%, 100 at %, 100 at %, 100 at 20,
100 at %, Is at 28, rs at %, rs at 28.
AFTER CALL.
Lanston Monotype-10 at so, 10 at
so, 10 at so.
Washington Gas IS B-$100 at 10314,
s100 at 103A, $100 at 103A.