The Glacier reporter. [volume] (Browning, Mont.) 1953-current, 1955-05-13
NOTICE OF SALE OF
COUNTY BONDS

NOTICE IS HEREBY GIVEN
by the Board of County Com
missioners of Glacier County,
State of Montana, that the said
Board. will on the 23rd day of
Nav. 1855, at the hour of 1000
n'ciock A. M. at the Of
flee of the Board of County Com
missioners in the Court House in
Inc City of Cut Bank. Montana,
In said County, sell to the high
Isl and best bidder for cash,
Either Amortization or Serial
Bonds of said County in the total
sum of 500, 900 90 for the purposes
of providing a site, constructing,
Erecting, equipping, and furnish
Ing a branch library building to
be located in Browning, Glacier
County, Montana, at an estimated
lost of Fifteen Thousand Dollars
isis, 100000, and to provide a site,
Construct, erect, equip and fur.
nish a County Library building
In Cut Bank, Glacier County,
Montana, at an estimated cost of
Eighty four Thousand Nine Hun
bred Dollars 1884, 10000 and au-
thorizing the Board of County
Commissioners of said Glacier
County to issue bonds in the es-
timated sum of Ninety-nine Thou
land Nine Hundred Dollars $780,
10000 for such purposes.
Amortization Bonds will be the
FIRST choice and Serial Bonds will
be second choice of said Board.
Il Amortization Bonds are sold
Ind issued, the entire issue may
be put into one single Bond or
divided into several Bonds as the
laid Board may determine upon
ID the time of the sale, both prin.
eipal and interest to be payable
h semi-annual installmentS dur.
ing a period of twenty years from
the date of issue.
q If Serial Bonds are issued, the
denomination of said bonds shall
be $5O0O.0O each, for the first
nineteen years and the last in
stallment in the amount of 81
10000; that the first bond shall
Become due and payable on the
1st day of July 1856, and a like
installment of $4,000. 90 on the first
LAY of each succeeding July there
Utter, with the exception of the
hst bond which shall be in the
nmount of $4,000, until the to-
tal amount of said bonds has been
paid.
That said Bonds whether Amor
6zation or Serial, will bear the
Gate of the list day of July 1855,
9nd will bear interest at the rate
not exceeding SO per annum pay
eble semi-annually on the 1st
DAY of July 1856 and each six
months thereafter and will be re-
Qeemable in part or in full after
6ve years from date of said
Sends upon any interest payment
late. upon fifteen days notice be-
tore the next interest payment
date to the holder thereof, if
Known to the Treasurer, or to
any bank or financial institution
y which said bonds are payable
mat such bonds will be paid and
redeemed on such date.
That said Bonds be sold for not
1ess than their par value with &C.
crued interest to date of delivery
md all bidders must state the
1owest rate of interest at
Which they will purchase said
Sends at par. The Board reserves
me right to reject any and all
plds and to sell said bonds at
Private sale.
All bids other than, by or on
behalf of the State Board of Land
commissioners of the State of
montana must be accompanied by
certified check in the sum of
s,sSO.O0 payable to the order of
me Clerk of said Board, which
viil be forfeited by the success
tul bidder in event he shall fail
or refuse to complete the pur-
chase of said Bonds in accord
ance with the terms of his bid.
All bids shall be addressed to
tne Board of County Commission
OF said County and delivered
y the County Clerk of the said
County.
HAROLD HANNEMAN,
Chairman, Board of Coun.
~ Commissioners of Glac-
Ter County, State of Mon
tana.
ATTEST:
J. LEE ANDERSON
Clerk of the Board of County
commissioners Glacier County,
Cut Bank, Montana.
Nprll 22, 20, May 6, Is, 20, 1859