The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1935-06-14

state ~ Montana iimiting The am
cum Of Indebtedness Which a,4y
be incurred by counties; ana
WHEREAS, eeitaip Of tbe aa,-
standing bends az said County, "a
VIZ funding bonds numbeted f.pu
NO. 80 " No, DO, inclusive, au.
No 90 " No, so, inclusive, dat
January l. i9i4, and due Ianua.
" 1914, bearing interest az tAa
rate % slA per eentpm ldHl, wer
enormously called fqr payment by
the Treasurer gf the County au
Ibne ~, 1884, and, the call hat
ma been respinded by the Boar
az County commissioners, SAID
bends remain unpaid; and
WHEREAS, The said County ana
sald COMMITTEES have agreed unun
q plan fer tha adjustment Of TO-
obligations as respects 10 ipdeht
edness and for the refundlne af III.
outstanding bonds az said County
lbelualng the bonds erranenusig
called as aforesaid, IN accordance
WIN the provisions ~ said refund
lng laWi and
WHEREAS, said plan was mea,
Rgfaled w an agreement hetWe y
said County and said Committee
under date Of October ~, 1894, ami
9n the same date said plan was
adopted by resolution Of Che Beard
~ County Commissioners foe said
County; and
WHEREAS, following the adpp-
tlan 9f said resolution said plan
was submitted Va the Stale H4am-
lner at the Stale af Montana pur
sNanl W provisions nf SAID mu-
nlelpal refundlng laws Whereupan
he State Examiner made pertai
recommendations requiring chang
90 ~ said refundlng plani and
/ WHtlithAs, the parties hereto
desire 70 comply with said relam
mendatlens made by the State la
amlner and "a reaffirm the terms
% the said agreement of October
~, 1894, 40 modified hy said rea
Gmmendatiansi
NOW FHhhEF9RH, ~ rs A
HHhhh by and between said
County and said Committee as fpl
lows
tD That this agreement and
the refHndlng plan far Sheridan
b9pntY, Montana, sci forth herein
shall upgn the execution Of this
agreement be deemed 10 have SUP
erseded and shall IA every respeai
take the place NJ ia agreement be
tween the parties heretn entered
int on the Bist day Of eetabep
1894,
CD That all af the present aut
standing bonds OF Sheridan Counts
~ the total amount at sha4 900 az
set forth and described immediate
ig below, shall be refunded int
refunding bandsi
tbate Of issue, purpose, amount
outstanding interest rate, maturi
ties);
lzl-l4, funding, $4,000, az
lzl=B4i 9-l-lb, funding, $4,000
bta 81, 7=l-Abi i0-l-lb, refunding
$4,000, bta@, 7-l=8bi T-l-l0, re
funding, Sle4,1a0, bA@ serialls
leB4sB9i Abs, refgnding, s8b,
600, bA ~, serialF i9a4-8h
CD Said refunding bonds shal
be term bonds dated as at ianu
any !, 1898, shall mature 5annar,
!, 1904, shall hear interest at thl
rate OF AZ per annum for chs
} first ten years and al the rate o
ne per annum thereafter, sail
interest shall be payable semi-an
J ngallY an the first days Of Ianuarl
and July Of each year, PTineipa
and interest shall be payable il
lawful meneF Of the United Stats
} Of America az the office Of thI
Sheridan County treasurer, Plen
tYW9ed, Montana, All bonds shal
have proper Interest coupons AZ
taehed thereto,
t4) Said refunding bends shall
! be subject 10 redemption fren
time te time an any interest pay
ment date AZ par plus accrued IN
Z terest IN the following manner q
provided by Section Z Of said mu
5 nleipai refundng law: WheneVe
moneys, accumulated frem the lev
z les prescribed herein Ia the sink
I ing Fund established for said bond
4 are on hand ~ excess Ut the an
t cunt needed for interest require
! ments for enc year, and which az
4 sufficient 70 retire one ar NOR
4 bonds, the Beard Ut County Ganl
v missieneFs shall cause puhlisha
: advertisement % be made by pat
4 fishing 2 Notice 70 the holders Q
8 said bonds net less than thirt
Bb1 DAYS priaF % the redemptie
z date ~ least anee "a q neWsnape
+ ~ general circulation Ia che eauF
I W, Said notice shall state the an
y cunt available IN the sinkiRg fun
u which the Beard af County Con
4 missleneps may use fer the pa
5. chase # bonds altered hF tandel
d said purchases viii be made az 81
N lowest ppieas al which hQnda ma
q be- offered 70 the estent at n
II amount available The espiratip
date in said Notice shall be flKe
s. a such time as ~ be nat less tha
/ ten li0l days prior "a the ne,
Is ensuing interest payment date,
= that said moneys nav be used Fl
h the retirement If bonds by leo
Is Bonds shall be selected for ?.
le aemptian hY Toe hF 2 eammitt.
le eansisting ~ che following: Ca q
..I . 4.