The producers news. [volume] (Plentywood, Mont.) 1918-1937, 1935-06-21
..;nued from last week.

4 continued fro" last "'e
q Lately upon the consum-
Immediately ID tSe 're fund plan here es1
nation 5 81 5"f for. the county shall
in gT pro- indDeeenc -p1' county sink,
use The s'-d d''e cash to call and retire 1.,,
ing fund fano Of Oft the new re ttn.li11.
IS many j., nossibie. The unencum-
bo-ds % s,,ptv sinking fund cash
bere {, 4. sOI tbe county sinking fund
ba.' q, - shown by the county treas
ash y books, less the amount nee
lri , for interest requirements
e'''t he total amount tied up IN
o..' tbo exchange Of the bonds
w. ord after said plan is con
Flea . ted any bond held by the
.l.. Of Montana, or any OF ITS
pay will not be exchanged but
og IN I, paid in cash at face value
W.! a with accrued interest, III
MI, .Jorqe with Chapter 8, Sec
l'.O' If Of the 1933-34 Extraordin-
.,g Session Laws.
% ya IN the issuance Of refund
~ bonds under this plan to the
l Eg Of six per cent (6%o) fund
ay,' bords numbered No. 36 to No.
inclusive. and No. SO to SO,
~ dated January !, 1914,
In. January /. 1884, and errone-
p W. called as aforesaid and to
~ holders Of all other past due
s.,ds which became due prior to
T Do,ember 81, 1884, the refunding
tor5e issued TO such holders shall
l. designated by special dlstingu-
,bing numbers or otherwise.
wherever refunding bonds are to
/, redeemed, as herein provided,
tbe funding bonds to be redeemed
hall he selected by lot first am
org those so specially designated
until ali the bonds so specially
Jo.icrated shall have been re-
doomed Provided, however, that
AZ Nh. sine the refunding bonds
issued hereunder are exchanged
for.thp bonds now outstanding the
Cmpty Commissioners may call
bv iqt such specially designated
pfrndmq bonds, exchanged for
M enormously called funding
bonds and all other past due bonds.
as there are funds on hand in the
sinking fund in excess of one
YEARS interest requirement on the
entire r6fuding issue.
C6) As soon as the debt read
pstment plan becomes finally eff
fedive as provided in paragraph
q. below, the County shall pay
10 the Northwestern National Bank
and Trust Company of Minneapo-
u.s. the depository under said
Bondholders' Protective Agree
nmt, all interest accrued to Janu-
ar +, 1895, upon bonds held by
the Committee. All interest ac-
Cmed TO January ], 1895, shall be
computed at the rates specified in
The respective bonds. Upon such
payments, there. shall be surrend-
cred to the County such coupons
as are paid in full, and in cases
Of payment Of interest accrued af-
ter bond maturities and partial
payment Of interest coupons, the
Committee shall tender bonds and
coupons for the purpose of hav-
ing payment Of interest endorsed
thereon
W All refunding bonds shall
be the general and unconditional
obligations Of the county, and the
full faith, credit and unlimited
taxing powers Of the County shall
Oe obligated to levy taxes annu-
ally in sufficient amounts for the
payment Of interest on said re-
iuhding bonds as it becomes due
ana to create a sinking fund at
he rate herein provided for the
payment Of principal at maturity.
such bonds shall ge executed in
'le manner provided by law and
snail be in such form as shall be
approved by counsel for the COM
I |, Said refunding bonds
sllall be approved as to validity
W Alngman, Cross, Morley and
uant of Minneapolis.
0) For the payment of inter.
ss' and principal of said refund.
ing bonds the County shall make
we following tax levies which ar,
VIZ. IN excess of actual require
y Ign's to comply with Section
VI ', sad municipal refunding law:
rear Collect;bl - ~