The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973, 1939-10-26

8 8 q q q 3 :
and valid and subsisting debts
and liabilities incurred on or
prior to February 18th, 1899,
payable out of the following
funds in the following amounts
for which warrants have not
been issued: NONE.
WHEREAS, the taxable val
uatiOn of Big Horn County for
the fiscal year beginning July
LIST, 1889, and ending June 30th,
1910, is FOUR MILLION FOUR
HUNDRED EIGHTY = TWO
THOUSAND EIGHT HUNDRED
EIGHTY AND NO-1OO Dollars
($4,482, $3.50. LOO; and
WHEREAS, the said floating
Indebtedness is in excess of two
tWo-fifths (2-5) of one per cent
UNI 49, of the taxable valu-
alton of the County for said
current fiscal year; and
WHEREAS, the County is
without sufficient money in any
of such funds with which to
call said warrants or pay such
debts and liabilities and leave
a balance or balances Suffici-
ent to meet the expenditures
from such fund or funds nee
essary to be made therefrom
during the fiscal year ending
June 3Oth, 1899; and
WHEREAS, none of the war;
rants above mentioned was is
sued for a single purpose, the
expense of which with all nee
~essaries and appurtenances, ex-
ceeded Ten Thousand and no
100 Dollars 100000 and that
at no time during which any Of
said warrants was issued, or
during which any contracts
were made which resulted in
any liability evidenced by the
said warrants, or in which any
of the above debts and liabil-
tiles were incurred, was Big
Horn County indebted in every
manner and for every purpose
in excess of five per centum
$50 of the assessed valuation
of it's taxable property, and
that the legality of none of the
said warrants above mentioned,
Or of any of said debts and LA
bilities, has at any time been
questioned, contested or made
the subject of actual or threat
ened judicial inquiry: and
WHEREAS, the Board of
County Commissioners has de-
termined that the issuance and
sale of funding bonds in the
manner provided by law to pay,
redeem and retire said regis
tered outstanding warrants and
said debts and liabilities which
funding bonds will bear a lower
rate of interest than the pres
emily outstanding obligations
will be advantageous to the
county and rNill effect a sub
Stantial saving to the taxpayers
of said county: and
WHEREAS, the laws of the
State of Montana now in force
empower and give the County
Commissioners authority to is
sue funding amortization or SER
ial bonds to fund legal out
standing indebtedness: and
WHEREAS, it is determined
that the issuance of said fund
ing bonds in the aggregate
principal amount of ONE HUN
DRIED TWENTY-THREE THOU
SAND FIVE HUNDRED AND no.
100 Dollars 1928 500. O0), is adj
visable and necessary; and
WHEREAS, it is now the
duty of this Board to issue
funding bonds to pay, redeem
and retire said warrants and
debts and liabilities;
NOW. THEREFORE. BE IT
RESOLVED; that under the au-
thority of and in full compli-
ance with the prvisions of Sec
ton 5668.1 to 566.5, inclusive
and Chapter 1856 of the Politi-
cal Code of the Revised Codes
of Montana, 1885, and all acts
amendatory thereof and sup
elemental thereto, particularly
Chapter 1875 of the 1887 Session
Laws of the State of Montana
and Chapter 1873 of the 1885
Session Laws of the State oil
Montana. this Board of County
Commissioners proceed to issu.
and do issue coupon funding