The Glacier reporter. [volume] (Browning, Mont.) 1953-current, 1955-05-20
NOTICE OF SALE OF
COUNTY BONDS

NOTICE IS HEREBY GIVEN
nv the Board of County Com
Customers of Glacier County,
State of Montana, that the said
Board, will on the 23rd day of
Nav. 1855, at the hour of 1000
pTciock A. M. at the Of
flee of the Board of County Com
snissioners in the Court House in
he CITY of Cut Bank, Montana,
IN said County, sell to the high
EST and best bidder for cash,
Either Amortization or Serial
Bonds of said County in the total
tum of sos, 600. 90 for the purposes
bf providing a site, constructing,
Erecting, equipping, and furnish
Ing a branch library building to
6e located in Browning, Glacier
County, Montana, at an estimated
cost of Fifteen Thousand Dollars
fsl5, 900. OO), 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-
fhorizing the Board of County
Commissioners of said Glacier
County to issue bonds in the es-
fimated sum of Ninety-nine Thou
land Nine Hundred Dollars $685..
bOO.OO for such purposes.
Amortization Bonds will be the
first choice and Serial Bonds will
be second choice of said Board.
II Amortization Bonds are sold
Ind issued, the entire issue may
be put into one single Bond or
divided into several Bonds as the
bald Board may determine upon
at the time of the sale, both prin-
cipaI and interest to be payable
In semi-annual installments dur
ing period of twenty years from
The date of issue.
If Serial Bonds are issued, the
denomination of said bonds shall
be S5000.00 each, for the first
nineteen years and the last in
6tallment 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
bstallment of 100000 on the first
lay of each succeeding July there
ofter, with the exception of the
Rst bond which shall be in the
amount of $4,000, until the to-
jal amount of said bonds has been
Daid.
That said Bonds whether Amor
6zation or Serial, will bear the
late of the LIST day of July 1855,
Ind will bear interest at the rate
lot exceeding so per annum pay
able semi-annually on the 1st
lay of July 1856 and each six
months thereafter and will be re-
1eemable in part or in full after
i've years from date of said
Sends upon any interest payment
late, upon fifteen days notice be-
1bre the next interest payment
late to the holder thereof, if
Known TO the Treasurer, or to
my bank or financial institution
u which said bonds are payable
hat such bonds will be paid and
Redeemed on such date.
That said Bonds be sold for not
ess than their par value with &C.
erued interest to date of delivery
md all bidders must state the
bwest rate of interest at
which they will purchase said
Bonds at par. The Board reserves
lhe right to reject any and all
bids 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
2 certified check in the sum Of
,99O00 payable to the order of
NE Clerk of said Board, which
Will be forfeited by the success
nj bidder in event he shall fail
q refuse to complete the pur-
chase of said Bonds in accord