The Glacier reporter. [volume] (Browning, Mont.) 1953-current, 1955-04-22
NOTICE OF SALE OF
COUNTY BONDS

NOTICE is HEREBY GIVEN
Nv the Board of County Com
61issioners of Glacier County
State of Montana, that the sale
Board, will on the 23rd day Of
1Iay, 1855, at the hour of 1906
S'ciock A. M. at the Of
lice of the Board of County Com
nissioners in the Court House in
fhe City of Cut Bank, Montana
IA 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, 10000 for the purposes
of providing site, constructing
Erecting, equipping, and furnish
Ing a branch library building to
BE located in Browning, Glacier
County, Montana, at an estimated
cost of Fifteen Thousand Dollars
sis, 200. OO), and to provide site,
construct, erect, equip and fur.
nish a County Library building
Ia Cut Bank, Glacier County,
Montana, at an estimated cost of
Lightly four Thousand Nine Hun.
dred Dollars 1884, 10000 and au.
fhorizing 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
u the time of the sale, both prin-
cipal and interest to be payable
b semi-annual installments dur
ing a 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
3tallment in the amount of S4,-
10000; that the first bond shall
become due and payable on the
1st day of July 1856, and a like
of $500O.OO on the first
lay of each succeeding July there
litter, with the exception of the
laSt bond which shall be in the
anount of $4,900.00, until the to-
tal amount of said bonds has been
paid.
That said Bonds whether Amor
6zation or Serial, will bear the
late of the list day of July 1855,
md will bear interest at the rate
Dot exceeding SO per annum pay
eble semi-annually on the LIST
lay of July 1856 and each six
months thereafter and will be re-
deemable in part or in full after
Eve years from date of said
!onds upon any interest payment
4ate, upon fifteen days notice be-
pre- the next interest payment
1ate to the holder thereof, if
Known to the Treasurer, or to
my bank or financial institution
z which said bonds are payable
hat such bonds will be paid and
Fedeemed on such date.
That said Bonds be sold for not
|ess than their par value with &C.
crued interest to date of delivery
lnd all bidders must state the
pwest rate of interest at
ghich they will purchase said
ponds at par. The Board reserves
ne right to reject any and all
pids and to sell said bonds at
private sale.
All bids other than by or on
5ehalf of the State Board of Land
commissioners of the State of
montana must be accompanied by
certified check in the sum of
$4,000 payable to the order of
ne Clerk of said Board, which
!l!l be forfeited by the success
1ll bidder in event he shall fail
g refuse to complete the pur-
>hase of said Bonds in accord
lnce with the terms of his bid.
All bids shall be addressed to
ne Board of County Commission
Prs OF said County and delivered
2 the County Clerk of the said
county. ~
HAROLD HANNEMAN.
Chairman, Board of Coun-
ty 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.
april ", 20, May 6, ID, 20, 1855