The Glacier reporter. [volume] (Browning, Mont.) 1953-current, 1955-05-06
NOTICE OF SALE OF
COUNTY BONDS

| io11SI 10 IlINEDI IlN Elm
by the Board of County Com
missioners of Glacier County,
State of Montana, that the said
Board, will on the 23rd day of
May, 1855, at the hour of 1000
clock A. M. at the Of
flee of the Board of County Com
missioners in the Court House in
the 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
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
($15, 00.00), 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
dred 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
sand 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.
If Amortization Bonds are sold
and issued, the entire issue may
be put into one single Bond or
divided into several Bonds as the
said Board may determine upon
at the time of the sale, both prin-
cipal and interest to be payable
in 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 $5OO0.00 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
LIST day of July 1856, and a like
installment of 100000 on the first
day of each succeeding July there
after, with the exception of the
last bond which shall be in the
amount of $4,000, until the to-
tai amount of said bonds has been
paid.
That said Bonds whether Amor
tization or Serial, will bear the
date of the LIST day of July 1855,
and will bear interest at the rate
not exceeding SO per annum pay
able Semi-annually on the LIST
day of July 1856 and each six
months thereafter and will be re-
deemable in part or in full after
five years from date of said
Bonds upon any interest payment
! date, upon fifteen days notice be-
fore the next interest payment
date to the holder thereof, if
known to the Treasurer, or to
any bank or financial institution
at which said bonds are payable
that such bonds will be paid and
redeemed on such date.
That said Bonds be sold for not
less than their par value with &C.
crued interest to date of delivery
and all bidders must state the
lowest rate of interest at
which they will purchase said
Bonds at par. The Board reserves
the 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
a certified check in the sum of
Sc, 800. 90 payable to the order of
the Clerk of said Board, which
will be forfeited by the success
full 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
the Board of County Commission.
ers of said County and delivered
to 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.