Red Lodge daily news combined with Carbon County news., 1936-03-18
- ssasssas ssssS@Ssssss
City Treasurer

~~~0 ~~~~~-~7~ @@N~@~N
.......-.... day of 1893
....................---........-....
City Treasurer
SECTION 4. That the interest fall
ing due on said bonds on Septembe
l, 1886, shall be paid out of the gen
eral fund of said City, and for tn
purpose of reimbursing said genera
Iund for said installment of interest
and to meet the interest falling d'u
on said bonds on September /, 1885,
March l, 1887, September l, 1897, an
coming due March /, 1887, there shal
be and there is hereby levied for tn
year 1886, on all taxable property il
said City, in addition to all othe
taxes, a. tax sufficient to produce tn
sum of $4,043.75; and thereafter, t
meet interest on said bonds as thu
same falls due, and also to constitute
! sinking fund for the payment O
said bonds as they fall due, there
shall be and there Is hereby. Levied
lpon all taxable property in said City
n addition to all other taxes, a direct
annual tax sufficient therefor, anC
here be and there is hereby levied g
iirect annual tax for such purpose
n the years and amounts as follows
o wit:
For the year 1886 a tax sufficient
to produce the sum of $4,043.75 for
interest and principal;
For the year" 1887 a tax sufficient
to produce the sum Of 3,275.00 for
interest and principal;
For the year 1888 tax sufficient
to produee-the sum of $3,200.00 for
interest and principal;
For the Year 1889 tax sufficient
to produce the sum of So, 1850 for
interest and principal;
For the year 1910 a tax sufficient
to produce the sum of $3,050.00 for
interest and principal;
For the year 1941 a tax sufficient
to produce the sum of $2,975.00 for
interest and principal;
For the year 1912 a tax sufhcient
to produce the sum of 100000 for
interest and principal;
For the year 1943 a tax sufficient
to produce the sum of $2,S25.00 for
interest and principal;
For the year 1914 tax sufficient
to produce the sum of $2,750.00 for
interest and principal;
For the year 1915 a tax sufficient
to produce the sum Of $2,675.00 for
interest and principal;
For the year 1916 a tax sufhcient
to produce the sum of $2,600.00 for
interest and principal;
For the year 1947 a tax sufficient
to produce the sum of $2,525.00 for
interest and principal;
For the year 194S a tax sufficient
to produce the sum of 81, 90 for
interest and principal:
For the year 1949 a tax sufficient
to produce the sum OF $2,S75.OO for.
interest and principal; ;.
For the year 1850 tax sufficient
to produce the sum of $2,SO0.O0 for
interest and principal;
For the year 1851 a tax sufficient
to produce the sum of $2,225.00 for
interest and principal;
For the year 1852 a tax sufficient
to produce the sum Of $2,15O.O0 for
interest and principal;
For the year 1858 a tax sufficient
to produce the sum of $2,O75.O0 for
interest and principal;
For the year 1854 a tax sufficient
to produce the sum of 81, 1,01S.75 for
interest and principal.
SECTION S. That it shall be the
lty of the City Council Of said City,
reed, that annually at the time and
the manner provided by law for
10 levy of other City taxes. the City
ouncil will ratify and carry out the
DIVISIONS hereof with reference to
e leYying of taxes, and it is hereby
uuired that all officers Of said City
Larged with the extension and coll
ction of taxes shall extend and col
ct the taxes for which provision is
'reinabove made. Said taxes, when
llected, shall be applied only to the
Lyment of interest on and principal
the bonds herein authorized, as
specified; provided, how
ver, that nothing herein contained
all be construed to prevent said
ty from applying any other funds
at may be in the City Treasury and
yailable for such purpose, to the
Lyrnent of said principal and inter-
t, in which event the levy or levies
,reinabove made may be to such ex-
MT Diminished. There is hereby
eated a separate sinking and in.
rest fund account for. this issue Of
Bonds, and all taxes coll
cted for interest and principal pay
ents thereof shall be placed to the
edit of said sinking and interest
nd, and such fund shall not be used
r any purpose other than payment
the principal and interest on. such
,nds so long as any Of such bonds
main outstanding.
SECTION 6. That the Refunding
all be delivered to the purchaser
ereof, namely, Wells-D Dickey Co., of
Minnesota, upon receipt
the purchase price therefor, the
me being par plus accrued interest
ID a, premium Of $1,000, which said
les is hereby in all respects ratified
id confirmed, and the. City Treasurer
hereby directed and authorized to
posit the proceeds of said Refunding
onds, together with all other funds
the possession or control Of said
fetal for the purpose Of paying in
rest on or principal Of the outstand-
g bonded indebtedness of said City
be refunded hereby, into a. separate
ID special account, and funds
said separate and special
count, to the amount of the
oceeds received as principal
the negotiation Of said Refunding
,nds, shall be dedicated and made
'aflable and will continue to be held
d used solely and only for the pur-
se of retiring and paying as pre-
nted a like principal amount Of out
anding bonds of said City herein
.ove described in the, preamble to
is resolution. The accrued interest
ID premium received at the sale and
livery of said Refunding Bonds
all be deposited by the City Treas
er in the special ana separate sink
g and interest fund fund s' account for
ID shall be used solely and only
r that purpose. The proceeds of the
Ie Of said Refunding Bonds as
oresaid shall constitute a trust fund i
dicated to payment Of the foregoing
bonds of said City, and it
all be unlawful to divert any Of
e moneys in said fund for any pur-
se other than that of paying out
anding bonds of said City herein
oVe described in the preamble to
is resolution, and said bonds when
i'd shall be Cancelled -: