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

man under a Bondholders' Protective
Agreement for said County dated
August rs, 1884; and
WHEREAS, notice of the adoption
of SAID refunding plan and a synop
SIS thereof was published en- May y,
| 1885 and May 16, 1895 in The Plenty
wood Herald. a legal weekly news
paper Of general circulation printed
and published in said County; and
WHEREAS, upon receiving notice
from said Bondholders' Committee In
accordance with the provisions Of said
%refunding plan TO the effect that the
COMMITTEE had Oh deposit and within
It's control under the terms Of said
Bondholders' Protective Agreement
more than Se~venty-five Per Cent
(75%) for all the outstanding and unr
paid bonds OF said County, said Board
did, ON the 8th day OF July, 1895, In
the Town OF Plentywood, Montana, at
a special meeting duly and regularly
called and held in accordance with
law, ibe resolution duly adopted, de-
clare said plan to he effective; and
WHEREAS, no litigation OF any ma
ture is pending or threatened,
restraining or enjoining the issuance
sale and delivery OF said refunding
bonds, or the levy and collection of
taxes to pay principal and interest
upon such bonds nor In any name
questioning the proceedings and au-
thority under which the same is made
or affecting the validity Of the bonds
hereunder; and no contest has arisen
affecting the corporate existence or
the boundaries Of said County or the
title OF the present officers to their
respective offices and no authority or
proceedings for the issuance of said
bonds have been repealed, revoked or
rescinded;
NOW, THEREFORE,, BE 1T RE
lSOLVED:
(1) That, for the purpose OF refund
ing the outstanding bonded indebted
ness Of Sheridan County. Montana,
there are hereby authorized and dir
ected to be issued refunding bonds
Of said County under the terms and
provisions Of said resolution Of May 7,
1895 in the aggregate principal am
cunt of Five Hundred -Four Thousand
Dollars ($5O4,000.OO maturing ON
January i, 1854, bearing interest at
the rate of -Four Per Cent (4%o) per
annum for the years 1885 to 1914, in
elusive, and at the rate of Five Per
Cent $50 per annum for the years
1916 to 1853, inclusive, payable semi
annually on the LIST days Of January
and July of each year upon presenta-
ton and surrender Of the proper in
terest coupons as they shall severally
become due, interest and principal to
be payable at the office of the Treas
urer of said County in the Town Of
PlentywoOd, Montana, said bonds to
he dated January l, 1885, and to be
redeemable by lot on any interest
payment date at par plus accrued in
l~terest in the manner provided by the
aforesaid resolution OF May Z, 1895
adopting said refunding plan;
(2) That the refunding bonds and
the interest coupons to be thereto at
tached hereby authorized to be is
sued shall he In substantially the
form attached hereto as a part here
of and marked Exhibit A." with
proper changes for number and for
the amount and number of interest
coupons; and said bonds shall be is
sued in denominations OF One Thou
sand Dollars ($1,OO0.OO), numbered
from one (1) to five hundred and
four (5O4), bob numbers inclusive;
and the printing and preparation OF
said bonds in such form as hereby
authorized;
80 That the Chairman OF the Board
of County Commissioners, the Coun-
ty Treasurer and the County Clerk of
said County are hereby authorized,
directed to execute, sign, countersign
and attest said bonds in the aggre-
gate amount of Five Hundred Four
Thousand Dollars($504, 000. O0) and to
execute the interest coupons thereto
attached by affixing thereto the fac
simile signatures of said officers, and
thereafter to deliver to said Bond
holders Committee or the depositary
under said Bondholders' Protective
Agreement, the NOrthwe stern Nation.
al Bank and Trust Company Of Mimi
eapOlis, Minneapolis, Minnesota, a
number OF said refunding bonds of a
principal amount equal to the princi-
pal amount OF the outstanding bonds
Of said County surrendered for can
lcellation by said Committee or by its
said depositary;
(4) That such OF said refunding
bonds as are not delivered to said
Bondholders' Committee or said de-
positary In exchange for outstanding
bonds OF said County surrendered for
cancellation shall be placed In the
custody Of the County Treasurer to
be disposed Of later upon directions
from this Board in accordance with
the provisions of said municipal re-
funding law and particularly Of Sec
tion s thereof;
60 That said resolution Of May Z,
1895 and said resolution OF July s,
1885, together with all other acts OF
this Board, the individual members
thereof and the officers OF said Coun-
ty, done or performed pursuant to
said resolution and In furtherance OF
said ~refunding plan are hereby affirm
ed. ratified and approved; and the
members OF this Board, the County
Clerk and the County Treasurer Of
said County shall, and they are here
by authorized and directed to do all
things necessary OF convenient In ef-
fectuating said refunding plan, and 10
observe all the terms and provisions
OF said plan al set forth In said res
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