Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1935-08-15

NIELS MADSEN,
Clerk of the County OF Sheri-
dan, Montana, and Clerk Of
the Board of County Commits
sioners OF Sheridan County
Attest:
A. J. OLSON,
Chairman of the Board
CARL TANGE,
Commissioner
HENRY HUNTER,
Commissioner
Exhibit A
UNITED STATES OF AMERICA
State Of Montana
COUNTY OF SHERIDAN
REFUNDING BOND
KNOW ALL MEN BY THESE
PRESENTS, that the County OF Sheri-
dan, State OF Motnana, for value re-
ceived, hereby acknowledges itself to
owe n hereby promises to pay to
the order Of bearer
ONE THOUSAND DOLLARS
In lawful money Of the United States
OF America, payable on January I,
1854 at the office OF the Treasurer OF
SHERIDAN County in the town OF Plen-
tywoOd, State of Montana, with In
terest thereon, at the rate OF four per
cent (4%) per annum for the years
1885 to 1914, inclusive, and at the rate
Of five per cent $50 per annum for
the years 1885 to 1853, inclusive, pay
able ~semi-annually at said office on
the first days of January and July of
each year, upon presentation and sur
render OF the annexed interest cou-
pOns as they shall severally become
due.
! THIS BOND Is subject to redemp
ton from time to time on any inter
est payment date at par plus accrued
interest in the following manner;
Whenever moneys, accumulated In
the sinking fund established for this
bond, and other bonds of the same is
sue, are on hand in excess OF the
amount needed for interest require
ments for one year, and which are
sufficient to retire n or more OF
said bonds, the Board Of County Com
missiOners of Sheridan County shall
cause published advertisement to be
made by publishing a notice to the
holders of said bonds not less than
thirty (30) days prior to the redemp-
ton date at least once In a newspap-
er Of general circulation in said coun-
ty. Said notice shall state the amount
available in the sinking fund which
said Board may use for the purchase
Of bonds offered by tender; said pur-
chases will be made at the lowest
prices at which said bonds may be Of
fered to the extent of the amount av-
ailable. The expiration date in said
notice shall be fixed at such time as
to be not less than ten (10) days pri-
or to the next ensuing interest pay
ment date, so that said moneys may
be used for the retirement of said
bonds by lot. Bonds shall be select
ed for redemption by lot, pursuant to
the terms of a resolution adopted by
the Board OF County Commissioners
Of said County on May Z, 1885, by a
committee consisting of the following:
(a) the Treasurer OF said County.
Gb) the Chairman OF the said Board
OF County Commissioners, (c) the
State Examiner or his nominee. II
and when this bond is selected by lot
for redemption, the Treasurer Of said
County shall by mail notify the hold
er hereof II known. Upon such sell
ection, this bond, with interest &C
crued to redemption date, shall be
paid forthwith on presentation with
all unmatured coupons attached, on Or
after such next ensuing interest
payment date. This bond shall
ceasee to bear interest IN the re-
demption date and the accrued in
terest shall not be paid on or after
such redemption date, unless this
bond with unmatured coupons at
tached shall be surrendered for pay
ment.
THIS BOND Is one Of an issue Of
refunding bonds issued by said Coun-
ty under the date of January /,
1885 for the purpose OF retiring and
refunding Its bonded obligations
then outstanding and unpaid; and
said refunding bonds are issued In
conformity with resolutions Of the
Board OF County Commissioners OF
said County duly passed, and pur-
suant to the provisions Of a mum.
icipal ~refunding law enacted by the
Legislative Assembly Of said State,
approved December 10, 1888, and
set forth In Chapter vi OF the Laws
Of Montana passed in the 1933-34 Ex-
traordinary Session and an act am
endatory thereto approved March
10, 1885 and set forth in Chapter
165 of the Laws of Montana passed
in the 1886 Regular Session.
1T is HEREBY CERTIFIED AND
RECITED that all actions, condi-
lions and things required to be done
precedent to the issuing OF this
bond have been done, happened, and
have been performed In legal and
due form, and done as required by
law, that provision has been fully
made for the levy and collection Of
taxes upon all the taxable property
in said County sufficient to pay the
principal of this bond when due,
and the interest as 1t becomes due,
and that the total indebtedness Of
said County, including this bond,
does not exceed the constitutional or
statutory limitations upon the In
debtedness that may be incurred by
said County.
IN TESTIMONY WHEREOF, the
said County Of Sheridan, State Of
Montana, by It's Board Of County
Commissioners, has caused this bond
to be signed by the Chairman Of said
Board, the Treasurer OF said County,
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