Plentywood herald. [volume] (Plentywood, Mont.) 1908-current, 1935-06-13

" 5K% Serially 1934-35
to record this as an order levying
taxes.
8. That the Board OF County Com
missioners hereby appropriates and
transfers: % in accordance with
the provisions of paragraph ()
above of said ~refunding plan, out of
the tax levy heretofore made for
sinking fund purposes the sum of
Twenty Thousand One Hundred Six
ty Dollars $50, 1907 for the payment
Of interest coupons on the refund
ing bonds issued under said plan
which shall he due July l, 1885 and
January 1, 1895, this appropriation
to apply ITO moneys collected and I'm
collected under such levy; and (.)
in accordance with the provisions of
paragraph (c) above, the cash then
on hand in the sinking fund, which
will Tbe approximately fifteen per
cent $3.50 of the outstanding bonds,
to call and retire a like portion Of
the new refunding bonds; provided,
however, that the foregoing appro-
priations are subject to the condition
that sad refunding plan becomes
finally effective as provided in the
above paragraph () of said plan, but
when said plan does become finally
effective under said paragraph ~,
this resolution, with or without fur
Their action by the Board or any sub
sequent Board Of County Commits
sioners for Sheridan County, shall
then operate and have the full force
and effect of an order for the pay
ment of money, and the Clerk and
Treasurer of Sheridan County then
holding office, and their successors,
are hereby directed to give effect to
1t as such.
COY. That the Board of County
Commissioners hereby orders and
directs, in accordance with the pro.
visions of the above paragraph (g)
of said refunding plan, ~ that after
December LIST, 1894 the legal portion
of all receipts from the collection OF
general county taxes levied for the
year 1888 and years prior there
to whether Or not the time OF
payment thereof has been or
shall be extended) shall at the
end of each twelve month period
beginning December list Of each year
be set aside into the sinking fund
for the service Of the refunding bonds
and used first, to make up any delin.
quencies in the collection during
such period Of taxes levied for the
payment Of interest, and thereafter
for the payment Of principal on the
refunding bonds in the manner here
in provided. No deduction shall be
made OF the required tax levy of the
succeeding years for the amount OF
interest paid or bonds retired from
said sinking fund from such delin-
quent tax collections; (2) that, in
addition to levies provided for In
this resolution, the closed bank levy
now amounting to six (6) mills will
be diverted to the sinking fund for
the payment of principal and inter
est on the refunding bonds issued
hereunder; provided, however, that
this order Is subject to the condition
that said %refunding plan becomes
above paragraph Q) of said plan, but
when said plan does become finally
effective under said paragraph (),
this resolution, with or without fur
Their acton by this Board Of any sub
sequent Board Of County Commits
sioners for Sheridan County, shall
operate and have the full force and
effect OF an appropriation and trans
fer of said receipts to the sinking
fund created for the refunding bonds
issued under said plan, and the Clerk
and Treasurer Of Sheridan County
then holding office, and their success
sors, are hereby directed to give
effect to 1t as such.
IL. That, provided said refunding
plan becomes finally effective In &C.
cordance with the provisions Of the
above paragraph () Of said plan,
the Board OF County Commissioners
hereby orders and directs that II at
any time prior to January /, 1946, the
County shall increase its annual ap-
preparations for maintenance and
operating expenses to an amount in
excess Of Two Hundred twenty-five
Dollars ($225, 00O. 00), then
this resolution shall operate as a tax
levy upon all the taxable property in
Sheridan County in addition to other
of an additional amount for the
purpose OF retiring said refunding
bonds issued under said refunding
plan equal to seventy-five per cent
1922 Of such excess; and the
Board further orders and directs
hat. upon such increase in the an
nual appropriation for maintenance
and operating expenses, as aforesaid,
his order shall then have the same
and effect as a tax levy then
made, whether or not this Board or
my subsequent Board Of County
Commissioners for Sheridan County !
It such time makes a formal levy
Ind order Of taxes. and the Clerk of
Sheridan County, and his successors.
ire hereby ordered to record this as
In order levying taxes.
IL. That the Board hereby orders
Ind directs that, as o as the debt
'eadjustment plan becomes finally |
affective as provided in the above |
paragraph Q) Of said plan, there
hall be paid to the Northwestern
National Bank and Trust Company
II Minneapolis, pursuant to the
lbove paragraph Cd Of said plan,
Ill interest accrued to January L.
935 upon the bonds held by the com
the interest to be computed
Vt the rates specified in the respec-
i've bonds; and this resolution, when
aid refunding plan becomes finally
.sffocfivo &c aforesaid with Or with |