The Glacier reporter. [volume] (Browning, Mont.) 1953-current, 1955-04-29
Legal Publications


of this County shall not exceed 2Ih%
of the value of the taxable property
within such County, as ascertained by
the last assessment for State and Coun-
and this Board has full power and au.
thority to issue said bonds
NOW, THEREFORE, BE 1T RESOLV-
ED, that under the authority and in
fun compliance with the provisions of
Chapter 20 of Title Is, Revised Codes
of Montana 1947, and acts supplement
tary thereto or amendatory thereof,
this Board of County Commissioners
proceed to issue and do issue Bonds
upon the general credit of Glacier
County, Montana, in the total amount
Of $ss, 10000 in order to obtain funds
forthepurposes of providing a site, con.
structing, erecting, equipping, and fur
nishtng branch library building to be
located In Browning, Glacier County,
teen Thousand ISIS 900 0O), and to pro-
vide site, construct, erect, equip and
furnish a County Library building in
Cut Bank, Glacier County, Montana, at
an estimated Mild cost Of Eighty Four Thou
and authorizing the Board of County
Commissioners of said Glacier County
to issue bonds in the estimated sum
OF Ninety-Nine Thousand Nine Hundred
such bonds to be issued as OF the LIST
DAY OF July, 1855, to be payable on the
Amortization Plan or Serial through
period of twenty years from the date
OF issue, and to bear interest at a rate
not exceeding six percentum per an
mum payable semi-annuaIly; that the
GATE said bonds shall bear be the LIST
day of July, 1855, that the period of
time said bonds shall be payable shall
be twenty years with optional provis-
issued due after five years from date
of said bonds upon any interest pay
ment date, upon fifteen days notice
thereof before the next interest pay
ment date to the holder threof, if
known, to the County Treasurer, or to
any bank or any financial institution
at which bonds are payable; that pref
erence shall be given to Amortization
Bonds, but in case it is found to be
advantageous to issue Serial Bonds, the
denomination of said bonds shall be
S5OOO.OO each, for the first nineteen
years and the last installment in the
amount of 100000; that the first bond
snail become due and payable on the
ISL day Of July 1856, and a like INSTALL
ment of 100000 on the first day of
each succeeding July thereafter, with
the exception of the last bond which
snail De In the amount of S4,90O0O, un-
III the total amount of said bonds has
been paid. '
That said Bonds, whether Amortiza.
ton or Serial Bonds, shall be issued
in the following manner:
That Bonds shall be signed by the
CHAIRMAN OF the Board of County Com
missioners and attested by the Clerk
thereof, and by the County Treasurer.
except that in event Serial Bonds be
issued, Autograph or engraved facsim-
lie of the signature of said Chairman.
clerk and Treasurer might be used
on the coupon attached; all Bonds
cier County; that the form notice of
sale of Bonds shall be substantially as
follows:
NOTICE OF SALE OF COUNTY
NOTICE is HEREBY GIVEN bv the
Board of County Commissioners of
Glacier County, State of Montana. that
the said Board, will on the 23rd day
of May 1855, at the hour of 1000 O'Clock
A. M, at the Office of the Board of
House in the City of Cut Band, Mon.
tana, 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 S99, 1901 90
for the purposes of providing site,
furnishing branch library building to
be located in Browning, Glacier Coun-
~, Montana, at an estimated cost of
Fifteen Thousand Dollars ISIS, OOO. OO),
ereet EQUIP R5o snd furnish ste co1ntx
brary building in Cut Bank, Glacier
County, Montana, at an estimated cost
of Eighty Four Thousand Nine Hun.
dred Dollars 1884 100000 and authoriz-
ing the Board of County Commission
ers of said Glacier County to issue
bonds In the estimated sum of Ninety
Nine Thousand Nine Hundred Dollars
ts99 10000 for such purposes
Amortization Bonds will be the first
ond choice of said Board If Amortiza.
ton Bonds are sold and issued, the
entire said Board may determine upon
at the time of the sale, both principal
and interest to be payable in seminar
nual installments during period of
twenty years from the date of ISSUE
If Serial Bonds are issued, the de-
nomination OF said bonds shall be
100000 each, for the first nineteen
years and the last installment in the
amount of $4,000; that the first bond
shall become due and payable on the
LIST day of July, 1856, and like install.
ment of 100000 on the first day of
each succeeding July thereafter, with
the exception of the last bond which
shall be in the amount of 81 10000, un.
til the total amount of said bonds has
been paid.
That said Bonds whether Amortiza.
ton or Serial, will bear the date of
the list day of July 1855, and will bear
interest at the rate not exceeding Sc
per annum payable semi annually on
months thereafter and will be redeem
able in part or in full after five years
from date of said Bonds upon any in
terest payment date, upon fifteen days
notice before the next interest pay
ment 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 accrued in
terest to date of delivery and all bid
ders must state the lowest rate of in
terest 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 Commits
sioners of the State of Montana must
be accompanied by a certified check
in the sum of S9,900.00 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 re-
fuse to complete the purchase of said
Bonds in accordance with the terms
of his bid.
All bids shall be addressed to the
Board of County Commissioners of
said County and delivered to the
County Clerk of said County.
HAROLD HANNEMAN,
Chairman, Board of County
Commissioners of Glacier
County, State of Montana.
ATTEST.