The Hardin tribune-herald. [volume] (Hardin, Mont.) 1925-1973, 1939-07-13

TO PAY FLOATING INDEBT-
EDNESS OF BIG HORN COUN-
TY, MONTANA, BY THE IS
SUANCE OF FUNDING BONDS
THAT WHEREAS, at the close
of business on the 18th day of
February, 1899, a floating in
debtedness in excess of two
fifthS (2/5) of one l%) per
cent of the taxable valuation
of Big Horn County for the
fiscal year from July /, 1888
to June 80, 1889, was in exist
ance and outstanding against
the following funds of Big Horn
County, Montana, to-wit:
General Fund, General
Juror Fund, General Wit
ness Fund, Emergency Re-
lief Fund, Court House Pro-
ject and Road Fund,
consisting of valid and subsis-
ting outstanding warrants with
accrued interest, drawn against
said funds of Big Horn County,
Montana, which warrants, with
accrued interest, were, and now
are valid and subsisting debts
and liabilities payable out of
said funds, and said Big Horn
County, Montana, was, and now
is, without sufficient money in
such funds or other funds with
which to pay the same, and
leave a balance or balances Suf-
ficient to meet the expenditures
from such fund or funds neceS-
sary to be made therefrom for
the fiscal year ending June 80,
1889.
AND WHEREAS, there was
registered warrants outstanding
at the close of business on Feb
ruary %, 1899, against and pay
able out of said funds of Big
Horn County, Montana, which
registered warrants outstanding
without accrued interest, am
cunt to the following sums, to-
wit:
Road Fund ......... $22,854.98
General Fund ........ 72,917.97
General Juror Fund =. 2,759.55
General witness Fund . 702.48
Emergency Relief Fund
Court House Pro-
Ject 15,965.2O
TOTAL ........ $115,198.18
WHEREAS, The Board of
County Commissioners of Big
Horn County, Montana, deems it
necessary and advisable and for
the best interest of Big Horn
County, Montana, the citizens,
taxpayers and creditors thereof,
that said outstanding indebted
ness, represented by said regis
tered warrants, with accrued in
terest, be funded by issuing
funding bonds and selling such
bonds be serial bonds, the rate
of interest thereon not to ex-
coed five (5%) per cent per an
mum, to be issued for a period
of ten (10) years:
WHEREAS, the issuing OF
! funding bonds for the purpose
of funding the Indebtedness
created for the payment of said
registered warrants, with &C.
crued interest, of said funds OF
Big Horn County Montana, at
the close of business on Febru-
| ary %, 1889, with all other out
standing indebtedness of the
county, when issued will not
exceed, in the aggregate, the
limit of indebtedness permitted
said Big Horn County under
Article Thirteen 13) of the
Constitution of the State OF
Montana;
AND WHEREAS, Chapter 1873
of the Laws of the Twenty
sixth Legislative Assembly OF
the State of Montana authorizes
and provides the method. man
ner and procedure for the
funding of such outstanding
warrants and it is the intention
of the Board of County Com
missioners of Big Horn County,
Montana. to fund said warrants
as provided therein:
NOW. THEREFORE, BE 1T
HEREBY RESOLVED:
That, as provided by Chapter
1888 of the Session Laws OF the
TWenty-s sixth Legislative Assem-
bly of Montana, it is the inten-
ton of the Board of County
Commissioners of Big Horn
County, Montana. to provide for
the payment of registered war
rants. and accrued interest
thereon. outstanding at the
close of business on February
%, 1899, against the following
funds of Big Horn County
Montana, to-wit:
General Fund, General
Juror Fund, General Wit
ness Fund and Emergency
Relief Fund, Court House