OCR Interpretation


The Glasgow courier. [volume] (Glasgow, Mont.) 1913-current, September 10, 1915, Image 5

Image and text provided by Montana Historical Society; Helena, MT

Persistent link: https://chroniclingamerica.loc.gov/lccn/sn85042379/1915-09-10/ed-1/seq-5/

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Thl «OOD JUO«K WIN« A HT NUN A POO* ilUMI
D
WINNIN« IN
LIFB AND «TAVIN«
IS WHAT you
TftOTTINO HO ASK
CHKW OW TOBACCO!
[ M«H DIN« IT I AND I
l PUT ALU My MONEY
1 THAT OLD PLUO.
S
vN
»
V?
qPHE lean horse for the long
race—a little of the Real
Tobacco Chew goes further, lasts
longer, gives more real comfort
and satisfaction than the big
wad of the the old kind.
Many men are telling friends about
the Real Tobacco Chew*
A little chew of pure, rich, mellow tobacco—seasoned
and sweetened just enough—cuts out so much of the
grinding and spitting.
?!
TNÇ REAL TOBACCO CHEW M NOW CUT TWO WAYS«
W-P CUT » LOHO SHWTO. RIGHT-CUT I» «HOWT SUMP.
Take less than one-quarter the old size chew. It
will be more satisfying than a mouthful of ordinary
tobacco. Just take a nibble of it until you find the
strength chew that suits you, then see how easily and
evenly the real tobacco taste comes, how it satisfies,
bow much less you have to spit, how lew chews you
take to be tobacco satisfied. That's why It is 7%«
RealTobacco Chew. That's why it costs less in the end.
I taste of pure, rich tobacco does not need tobe covered up. An
csoese of licorice and sweetening makes you spit too much.
One small chew takes the place of two big
chews of the old kind.
I (Notice how the salt brings
out the rich tobacco taste. 9 9
W EYMAW-BRUT0W COMPANY, 50 Uafea Square, New York Cit y
ÇBUY FROM DEALER OR SEND IOÎ STAMPSTOUS ^
Which
Will Your
Wash-Days
Be?
Slavery, slop and
fatigue, or snow-white
clothes on the line
while the .morning's
young? The
» Art?
WLl
m .*
Horton Electric
Washer and Wringer
makes wash-day a simple detail.
Electricity does the work
and machine-cut gears lighten ths
motor's burden. The safety wringer
release prevents injury at all times, and the
wringer turns in either direction with the
touch tnt of a lever Atk to see the Horton Electric
Waiter, and ask lor ita fiv-yar foarmlw.
Knight's Electric Shop
THRESHING MACHINE
OWNERS
You can not afford to
be with out Compen
sation Insurance pro
tecting your help
against accidents.
SEE
Johnson THE Loan Man
Glasgow, Montana
PATENTS
trade m>rka md copyright* obtalnrri or no
fee. Send model, «ketch«« or photo* awl de
scription for PRCS SEARCH and rtport
on patentability. Itanlt reference«.
PATENTS BUILD PO*TUNE8 tor
you. Our froe booklet* tell bow, what to Invent J
und «are you money. Write today. j
D. SWIFT & CO.
PATENT LAWYERS,
l 303 Seventh Si, Washington, D. C.J
COMMISSIONERS'
PROCEEDINGS
(Continued from page 2)
1
presented to and legally investigated,,
J Iii. I _ 11 J
examined, inspected, audited, allowed,
and approved by the proper officer,
who did endorse his approval thereon
as and in the manner provided by law;
(d) that in the issuance of the said
warrants, the said county did not for
any single purpose incur an indebted
ness or liability to an amount exceed
ing $10,000, (e) that the cost of er
ecting any bridge in said county and
which were paid for by warrants ap
pearing in the said report, did not.
with the approaches thereto exceed
♦>>e sum of $10,000; (f) that the cost
of building, constructing or improv
ing anv road or highwav in said coun
ty, and which were paid for by war
rants appearing in said report, did
not exceed the sum of $10,000; (g)
that there are no funds available in
the treasury of the county for the pay
ment of the said warrant indebted
ness. or any part thereof; and that
the interests of said county require
that the funding bonds of and by the
said county in the aggregate principal
sum of $143.000 be issued in exchange
for and in order to redeem and pay a
like amount of said indebtedness and
that Dortion thereof which is com
prised of the warrants of said county
now outstanding and which bear sun
dry dates prior to March 16, 1915.
And upon motion duly made, sec
onded and unanimouslv carried, the
said report was accented by said board
rind the clerk was instructed to. and
did then and there, insert the said re
nort in and upon the records of said
board as a part of the records of this
meeting.
Thereupon Commissioner C. W.
Bavlor introduced the following reso
lution and order and moved its adop
tion. to-wit .î
"A RESOLUTION OF THE BOARD
OF coiTNTv roMMissro\ T ;-:RS! OF
VALLEY COTTNTY. MONTANA,
MADE AND ENTERED OF REC
ORD IN THE MINUTES OF THETR
PROCEEDINGS. DETERMINING
THE FOLLOWING: THE AMOUNT
OF THE OUTSTANDING LEGAL
WARRANT INDEBTEDNESS OF
THE COUNTY AND THAT THE
SAME WAS LAWFULLY INCUR
RED FOR ORDINARY AND NE
CESSARY EXPENSES OF THE
COUNTY AUTHORIZED BY THE
CONSTITUTION AND GENERAL
T AWS OF THE STATE AND CON
STITUTES THE VALID AND LE
GAT- OBLIGATIONS OF THE
COUNTY: THE ABSENCE OF
FUNDS IN THE TREASURY OF
THE COUNTY AVAILABLE FOR
THE PAYMENT OF THE SAID
WARRANT INDEBTEDNESS. OR
ANV PART THEREOF: AND THAT
THE INTERESTS OF SAID COUN
TY REQUIRE THAT THE FUND
ING BONDS OF AND BY THE SAID
COUNTY IN THE AGGREGATE
PRINCIPAL SUM OF S143.000 BE
ISSUED IN EXCHANGE FOR AND
IN ORDER TO REDEEM AND PAY
A LIKE AMOUNT OF SAID IN
DEBTEDNESS: AND PROVIDING
FOR THE ISSUANCE. EXECUTION
AND EXCHANGE OF STTCH BONDS
FOR SAID INDEBTEDNESS OUT
STANnWG DUF \ND UNPAID:
PRESCRIBING THE FORMS OF
SAID BONDS AND THE INTEREST
COUPONS TO BE ANNEXED
THERETO: AND PROVIDING FOR
THE T.EVV OF A DIRECT ANNU
AL AD VALORUM TAX ON ALL
THE TAXABLE PROPERTY OF
SAID COUNTY. IN ADDITION TO
ATX OTHER TAXES. SUFFICENT
TO PAY THE INTEREST ACCRU
BECOMES DUE AND ALSO TO
CONSTITUTE AND MAINTAIN A
SINKING FUND SUFFICIENT TO
PAY THE PRINCIPAL THEREOF
AT THE TIME OF THEIR MATUR
ITY; FIXING THE OTHER DE
TAILS OF THE ISSUE AND DE
CLARING AN EMERGENCY
WHEREBY THIS RESOLUTION
SHALL BE IN FULL FORCE AND
I EFFECT FROM AND AFTER ITS
PASSAGE AND SHALL THEREAF
TER BE IRREPEALABLE UNTIL
THE SAID BONDS BOTH AS TO
PRINCIPAL AND I N T E R ES T
SHALL HAVE BEEN FULLY PAID,
SATISFIED AND DISCHARGED.
WHEREAS, The said county has
an outstanding warrant indebtedness
amounting to the principal »um of
$i 70,281.13, lawfully incurred for only
the ordinary and necessary expenses
of 1he county authorized by the con
stitution and general laws of the
I state; that cach item of said indeDt
' edness represents a claim duly veri
fied as to its correctness and duly
presented to and legally examined
and allowed and approved and order
éd paid by the board of county com
missioners of said county, and evi
denced by a warrant duly drawn by
ING ON SAID BONDS PROMPT
LY WHEN AND AS THE SAME
the countv clerk on the treasurer of
said county; that each item of said
indebtedness represents a claim duly,
verified as to its correctness and duly
presented to and legally investigated. I
examined, inspected, audited, allowed
and approved by the proper officer of.
said county, who did endorse his ap-1
proval thereon as and in the manner,
Äks sr™r
county clerk, all as and in the man- !
ner provided by section 3046, revised
codes of Montana of 1907;, that all
of said warrants were at the time
of their issuance delivered to the
payees therein named, respectively,!
and that most all of said warrants
have heretoforé been presented to the
county treasurer for payment and
payment rèfused for want of funds, j
and are now outstanding, due and un- 1
paid, together with interest accrued
thereon from the date of their re
gistration at the rate of six (6) per,
centum per annum; and which
debtedness has been determined and
is hereby ascertained and declared to
constitute the valid, binding and sub-,
sisting obligations of said county now
outstanding, due and unpaid, and to
pay which, or any part thereof, there
are no funds in the treasury of said
county; and it has been de
» uccu i um«;!
hereby ascertained
termined and is ncrcuy öscwuhucu
hereby ascertained
termined and is ncrcuy öscwuhucu
and declared that in the issuance of
the said warrants, the said county did
not for any single purpose incur an in- 1
debtedness or liability to an amount
exceedinpr $10.000: and it has been
further determined and is hereby as
certained and declared that in erect
iner any bridge, and building the ap
1 A 1_ 1. i «M.I
proaches thereto, or in erecting any
county building, or in constructing or
^

building any county road or highway,
payment for which was made by any
of the warrants mentioned in the said
report. the said county did not for
any single purpose incur an indebt- j
edness or liability to an amount ex
ceeding $10,000, and at no time since
the organization of the said county
'
total indebtedness
h*is the total indebtedness thereof ex
cȔod 5 per cent of the equalized as
sessed valuation of the taxable pro
pel ty in said county; and
WHEREAS, T1
of said county now outstanding, of
every kind and character, including
all contract, bonded, warrant, or other
obligations and floating indebtedness,
amounts to approximated the sum of
$373,281.13. of which $203,000 is re
presented by the bonds of the coun
ty and the balance represents the ; 1
warrant indebtedness hereinabove and
hereinbefore mentioned, and to pay
which, or any nart thereof, there are
no . funds available in the treasury
of said county; and
WHEREAS, The total valuation of
all . .
county, as snown oy
roll compiled in the , yea ' ,'j
finally equalized by the state board
of the taxable property in said
ity, as shown by the assessment
of' eaualization and the board of coun
ty commissioners of said countv^ for
state and county purposes, is $7,756,
446; and
WHEREAS. Section 1905 of the re
vised codes of Montana of 1907 as
amended by act of the legislative as
sembly of the state passed at its
fourteenth regular session and ap
proved bv the 011 the 26th
day of February, A. D. 1915, and ap
pearing as a part of chapter 32, ses
sion laws of said year, provides as
follows: . .
"The board of countv commission
ers of any county is hereby vested
with the power and authority to is
sue and negotiate on the credit of
the county, coupon bonds to an amount
sufficient to enable the countv to re
deem all legal outstanding bonds, war
rants or orders: or for the purchase
of necessary public building sites, and
for the construction of necessary pub
lic buildings, public hiehways and
bridges, and for the ordinary and ne
cessary expenses of the countv au
thorized by the general laws of this
state, and also for the purpose of en
abling any county to liquidate its
indebtedness to another county inci
dent to the creation of a new coun
tv. or the chanpe of county boundary
lines, not exceeding in the aeerceate,
including outstanding bonded indebt
edness, five (5) per cent of the value
of the taxable property within such
county to be ascertained by the last
assessment for state and countv tax
es nrevious to issuing such honds.
Such bonds are redeemable and nay
able at' such time not longer than
twenty (20) years after the date
♦hereof, as the hoard determines, and
the interest which such bonds bear
must be fixed by the board not ex
ceeding six (6) per cent per annum,
and will be represented bv interest
coupons payable semi-annually on the
first days of January and July of
each vear."
AND WHEREAS, It is by this
board adjudged and determined that
there is no way of meeting or pay
ine that nortion of said outstanding
warrant indebtedness of the county
comprised of warrants bearing date
prior to March 16, 1915, and amount
jng to the principal sum of $135,
1012.21, which with the interest ac
crued thereon to August 1, 1915,
amounts to the sum of $143,366.54,
or any part thereof, except by and
through the issuance of the funding
bonds of the said county in exchange
for and in order to redeem and pay
the said indebtedness as and in the
manner hereinabove and hereinbefore
mentioned; and
WHEREAS, It-is by this board
deemed and it is hereby declared that
the interests of the county require it,
and that it is npt alone necessary but
expedient and desirable that the ne
gotiable funding bonds of and by the
said county in the aggregate prin
cipal sum of $143,000 be issued in
exchange for and in order to redeem
and pay a like amount of the indebt
edness of said county now outstand-.
tu.', c c and unpa 'd as aforcsnii..
■ >v, ! .'if >efore, in consideration of
;nu prenv «..
BE IT RESLOVED AND ORDER
ED BY THE BOARD OF COUNTY
COMMISSIONERS OF VALLEY
COUNTY, MONTANA, as follows:
Section 1. That the amount of war
rant indebtedness of said county law
fully incurred only for the ordinary
and necessary expenses of the county
authorized by the constitution and
general laws of the state and evidenc
ed by the valid and legal general,
road, contingent, bridge and poor fund
warrants, respectively, of said county,
I outstanding on August 1, A. D. 1915,
and still outstanding, due and unpaid,
be and the same is hereby ascertained
and determined by said board to be
$\7.0;281.13^exclu^si\^^^ mteres^ and
! hereot, and it 1 J, , a :4
certained and determined by sa.d
board that of the principal am-vmnt of
said outstanding warrant indeoted
ness there were > s .s«ed ^ior to M a rcli
16 ; V 1 ®» warrants aggrega g
P™pal .«»"» to
w ,th
1 \ . 1 . 91 . 5, as
j 366.54, and it " hereby further a
1 certained and determined by said
board that in erecting any bridg ,
building the appoaches thereto, or in
erecting any county buildings or in
in-'constructing,
an Y road or highway « 11
payment for which was s made all1 or
m part by the issuance of a J
warrants, the said county . , ,
any single purpose incur any in -
edness or liability to an amount ex
ceeding ^.OMand I
^.OMand
it« wi»htpXess exceeded^five ner
I
basjts ^^ebtedness exceeded ^fiye^pe^J
— 4 , .
centum of the assessed valuatio
the taxable property in said county,
1 Section 2. That the total indebt
edness of said county now outstand
ing, of every kind and character, in
cludine all contract, bonded, warrant
or other obligations and floating in
debtedness, be and the same is hereby
nn /iA«^nîvin/l nnrl rJ nfovrvi ino/1 r\1T OQin
ascertained and determined by said
board to amount to the -sum of $373,
00,10 "
,
281.13, of which $203,000 is repre-,
sented by bonds of the county and the
remainder represents the warrant in
debtedness mentioned in the report or,
j the countv clerk referred to in the ;
preamble hereof.
Section 3. That it be and hereby
is certified, recited and warranted that
' neither the validity of the said war
rant indebtedness, or any of said war
rants, or any of the said indebtedness,
or the exchange of bonds with which
to redeem and pay the same, has ever
at 3"!V time, or in any manner, been
C|Ut*Ftici»ed, contested or mpd.j the sub
:t of actual or threatened judirial
ino'.irv, action or procee^imj.
Section 4. That it be and it is here
by ascertained and determined by -;a;J
board that there are no funds in the
; 1 ^ i-c
the said indebtedness but by the issu
ance of funding bonds in exchange for
and fa payment of the said indebted
the payment of any of the indebted
ness hereinabove and hereinafter men
tioned. and in particular that portion
of said indebtedness represented by
the warrants of said county bearing
sundry dates prior to March 16, 1915,
or any part thereof, and that there
^ n^th^way of^meeting or VS
, .. HnftSS hut bv the issu
payment
ness.
Section 5.
That it be and it is by
^■bhbdoiih
SB
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BB
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OBI
It will pay you to see
Christinson Land
Otto
For Deeded Lands, Homesteads, Relinquishments, Insurance
of all kinds, Loans and Bonds. v
UNITED STATES LAND OFFICE ATTORNEYS
Glasgow ■ • Montana
CO b
BB
BB
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SB
3B
Great Falls Commercial College
"ITS A GOOD SCHOOL"
The difference between a good and a poor preparation
for business life is just the difference between system and
carelessness, between success and failure, between 30 per
month and 150 per month. If you take your course at the
Great Falls Commercial College you will never need to take
another. The proper place is the Great Falls Commercial
College.
Courses in Shorthand, Typewriting, Bookkeeping, English
and Stenotypy.
Johnson & Malone, Proprietors
WRITE FOR CATALOGUE
BOX 125
■BS
IBB BDI
MARKLE TRANSFER CO.
PHONE 71
this board hereby declared that the
interests of the county require it, and
that it is not alone necessary but ex
pedient and desirable that the nego
tiable funding bonds of and by the
said county in the aggregate princip
al sum of $143,000 be issued in ex
change for and in order to redeem
and pay a like amount of the afore
said legal indebtedness of said county
comprised of warrants bearing sun
dry dates prior to March 16, 1915.
now outstanding, due and unpaid and
to be funded as aforesaid.
Section 6. That it be and hereby is
certified, recited and warranted that
all conditions, acts and things neces
sary and essential to the validity of
the bonds hereinbefore and hereinaf
ter mentioned and the indebtedness
nroposed to be funded and paid there
by and Required bv law to be done,
have been fully dole and perfprmed.
Section 7. That in exchange for
and in order to redeem and pay a
like amount of the outstanding lega ,
warrant indebtedness of said county
comprised of the warrants thereof |
bearine sundry dates prior to Maren j
lfi. 1915. and apnearing in the report I
of the county clerk set forth in the
^ WMI1VJ
I preamble" hereof, there shall be and
there are hereby authored, ordered i
I tnere are uticuj »«""«> --i
d i rected to be issued and negotiat-1
ed the negotiable funding bonds _ ot
said countv to an amount aerpregating
the principal sum of $143,000, com-1
prised as follows: 1
Fundine bonds Series A, of Valley
c oun t v . Montana, to an amount ag- (
,r re( r a tinsr the nrincinal sum of One ;
j, undred forty -three thousand dollars
. . » A A/v\ : ] „ C "t AO UrtM/lu
($143.000). comprised of 143 bonds,
„umbered c
"
, consecutively from 1 to 143,
^oth numbers inclusive, of the de
nom i na tion of S 1,000 each, dated July
a. D. 1915,1 absolutelv due and pav
a ^,i e j u ] v i t A. D. 1935, redeemable
; ^he pleasure of said county on anv
interest navment date after Julv 1,
A. D. 1930. bearing interest from their
date until paid at the rate of five
and one-half per centum per annum,
pavab'e semi-annually January 1st
and Julv 1st. respectively, in each
vear. both principal thereof and _ in
terest thereon pavable at the Nation
al Bank of Commerce, in the city and
state of New v ork. U. S. A.
Section 8. That each of said bonds
and each of the interest counor .fi to
he thereto attached, except as to their
number shall be in substantially the
following forms, respectively, to-wit:
(Form of Bond)
UNITF.D STATES OF AMERICA
STATE OF MONTANA
COUNTY OF VALLEY
No. $1,000
Fundinpr Bond—Series A
KNOW ALT MEN BY THESE
PRESENTS That Valley County,
Montana, acknowledges itself to owe
and for value received hereby prom
ises to nay to the bearer hereof the
nrincinal c um of one thousand dol
lars on July first, A. D. 1935, togeth
aim tumulIlm} WIU1 Ule cwn _
, s titution and the provisions of article
m Chapter n Title n Part Iy of
| t ^ e rev j se( j eo des of Montana of 1907,
j as alilen( jed by an act of the legis
I lative assembly of said state passed
at j ts sess j on and approved Feb
at lts
"uary 26, A. D. 1915, and "appearing as
i c h a pter ~ * " ^
er with interest on said sum from the
date hereof until paid at the rate of
five and one-half per centum per an
num, payable semi-annually on the
first days of January and July, re
spectively, in each year, as evidenced
by and upon the presentation and
surrender of the interest coupons
hereto attached as they severally be
come due; and both said principal and
interest are hereby made payable in
lawful money of the United States of
America, at the National Bank of
Commerce, in the city and state of
New York, U. S. A.
This bond is issued by said county
in exchange for and in order to re
deem and pay a like, amount of its
valid and legal outstanding indebted
ness pursuant to a resolution duly
adopjted by the board of. county com
missioners of said county at a lawful
meeting thereof held prior to the is
suance of this bond; and under, by
virtue of, and in all respects in full
and strict conformity with the con
cnapter 32 of the session laws of
said year . and all other aut hority
thereunto enabling,
^nd j t j s hereby certified, recited
and warranted that said county is now
1 and has been for many years past
a b od y politic and corporate duly or
( ganized, existing and operating under
; and virtue of the constitution and
statutes of the state of Montana, and
"
always has been and now is under the
control of a duly organized board of
county commissioners as the duly con
stituted corporate authority thereof;
that all things, acts and conditions re
quired by the constitution and laws
of the state of Montana to exist and
to happen and be done and perform
ed precedent to and in the issuance
of tnis bond, in order to constitute the
same the valid and binding obligation
of said county, do exist and have hap
pened and been done and performed
in regular and due form and time;
that the indebtedness for the fund
ment and payment of which this bond
is issued was lawfully incurred, and
at the time it was incurred and of
its fundment and payment hereby con
stituted the valid, binding and subsist
ing obligation of said county and was
of a character authorized by law to
be funded; that the indebtedness of
the county is not increased by the
issue hereof; and that the total in
debtedness of said county, including
this bond, does not exceed any consti
tutional or statutory limitation; and
that due provision has been made for
the levy and collection of a direct an
nual ad valorem tax upon, all the
taxable property of said county, in
addition to all other taxes, sufficient
(Continued on page 8.)

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