bonds. dollars, and from time to time thereafter, when it may so occur, the said treasurer shall cause a notice to be published in one newspaper of Montana ter- Redemption of ritory that he will, in thirty days from the date of such notice, redeem said amount of bonds which may then be payable, giving the numbers thereof, preference being given to the oldest issue, and if at the expiration of said thirty days the holder or holders of said bonds shall fail or neglect to present the same for payment, interest thereon shall cease; but the treasurer shall at all times thereafter be ready to redeem the same on presentation. Such notice shall be sent by mail to such places in New York city, of which the treasurer shall have knowledge by virtue of section 5 of this act, with like effect. bonds issued Sec. 8. If at any time before the expiration of three years from the date of said coupon bonds, there shall accumulate in the sinking fund of said county the sum of one hundred dollars or more, and Purchase of as often as the same may occur, the treasurer of under this act. said county shall purchase from the holder or holders of the said coupon bonds, at not exceeding their par value, such bonds as he may have money in the sinking fund applicable to such purpose to purchase or redeem, and the treasurer of said county shall cancel all bonds so purchased or redeemed, and all bonds purchased or redeemed under the provisions of this act by writing across the face of such bond or bonds, in red ink, the word "redeemed," and the date of such redemption. forging or bonds issued Sec. 9. If any person or persons shall falsely Penalty for make, forge, counterfeit, or alter, or cause or pro-counterfeiting cure to be falsely made, forged, counterfeited, or under this act. altered, or shall wilfully aid or assist in falsely making, forging, counterfeiting, or altering any bond or coupon authorized to be issued under this act, or shall pass, utter, publish or sell, or shall have or keep in possession, or conceal with intent to utter, publish, or sell, any such false, forged, counterfeited, or altered bond or coupon, with intent to defraud any (body), corporate or politic, or any other person or persons whatsoever, every such person so offending shall be deemed guilty of felony, and shall, upon conviction thereof, be punished by fine not exceeding five thousand dollars, and be imprisoned and confined at hard labor in the penitentiary not exceeding fifteen years. Sec. 10. This act shall take effect and be in force from and after its passage. Approved February 11, 1876. Commissioner s may issue to highest bidder. nomination of SPECIAL LAWS. AN ACT to provide for the redemption of the funded debt of Missoula county, and to provide for the payment of interest on the bonds of said county. Be it Enacted by the Legislative Assembly of the Territory of Montana: Section 1. That the county commissioners of Misbonds and sell Soula county are hereby authorized to issue bonds and sell the same to the highest bidder in accordance with the provisions of this act. Such bonds so authorized to be issued shall bear interest at the rate of ten per cent per annum, payable semi-annually, and may be issued in denominations of one hundred, five hunInterest and de- dred, and one thousand dollars, in the discretion of the board of county commissioners, and shall be signed by the chairman of the board of county commissioners and the county treasurer, and shall be sealed and countersigned by the county clerk. Sec. 2. That the county commissioners of the May sell at pri- county of Missoula shall cause to be advertised in a newspaper of said county for so long a time as may be necessary, a notice stating at what time any sale bonds. Sale of bonds to be advertised. vate sale. of bonds in accordance with the provisions of this act will take place. But the county commissioners may discontinue any such sale in case they deem it for the interest of the county to do so; and may sell such bonds at private sale. when redeemable. Sec. 3. That the bonds authorized to be issued Bonds, by this act shall be redeemable at the pleasure of the county at any time after three years, and payable within ten years from the date of issue. Sec. 4. That the proceeds of the sale of said Application of bonds shall be paid into the sinking fund, and shall bonds. be applied to the payment of the interest on the bonds of said county as the same may become due and payable, and to the redemption of the bonds of said county as the same may become due and payable. Interest may be sinking fund. Sec. 5. That the county commissioners of Missoula county may allow interest, payable out of the paid out of sinking fund, on such bonds as are now past due and unpaid at a rate not to exceed fifteen per cent per annum, such rate to be fixed by said board of county commissioners. Sec. 6. That all acts, and parts of acts, in conflict with the provisions of this act, be, and the same are hereby, repealed. Acts repealed. Sec. 7. This act to take effect and be in force When act to from and after its passage. Approved January 24, 1876. take effect. Treasurer not to pay warrants SPECIAL LAWS. AN ACT to provide for the payment of the indebtedness of Be it Enacted by the Legislative Assembly of the Territory Section 1. From and after the passage of this except as pro- act it shall not be lawful for the Treasurer of Misvided by this soula county to pay any warrant drawn on the treas ury of said county prior to the passage of this act, except in the manner as hereinafter provided. act. County com missioners to Sec. 2. The board of county commissioners of create redemp said county are here authorized and directed, from tion fund. and after the passage of this act, to create in the county treasury of said county a fund to be known. as the "Redemption Fund" of said county. eral fund trans redemption fund. As soon after the passage of this act as is possible they shall cause to be transferred into said "Redemption Per cent of gen- Fund" not less than fifty per cent of all moneys in ferred to the the general fund at the time of the taking effect of this act, and that hereafter it shall be the duty of the county treasurer of said county to pay into said redemption fund fifty per cent of all county revenue due to and payable into the general fund; and the county treasurer of said county is hereby expressly forbidden from paying out any portion of said fifty per cent of said revenue from said treasury until the said orders of transference, to be made by said board of county commissioners herein before provided for, is duly certified to such treasurer. The moneys placed in the redemption fund, created by this act, shall be disbursed as hereinafter provided. Duty of the treasurer when Sec. 3. Whenever, at any time, there shall be the sum of paid into said redemption fund the sum of three dollars has ac- hundred dollars or more, it shall be the duty of the three hundred cumulated in fund. the redemption county treasurer of said county to give fifteen days' notice by publication in some newspaper published in the county, if there be one, if none, then by posting written notices in three or more of the most public places in said county,.setting forth that sealed proposals, directed to him, will be received for the surrender of county warrants issued prior to the passage or under the provisions of this act, and that said proposals will be received by him until the next regular meeting of the board of county commissioners thereafter. als for sale of opened. Sec. 4. On the first day of such regular meeting sealed proposand at the session of the first Monday in January warrants to be of each year of said board of county commissioners, they, together with the auditor and county treasurer, shall attend at the office of the latter, and then and there open all sealed proposals and accept the lowest bids for the surrender of county warrants specified in the preceding section: Provided, that no bid for more than par value shall be accepted by them, nor any bid, unless accompanied by the warrant or warrants proposed to be surrendered. cepted a record all warrants recting pur rants. Sec. 5. When any bids are accepted the county when bids acauditor and county treasurer shall each take a de- to be made of scription of the warrants to be redeemed, specifying purchased. the amount to be paid for each warrant, the date, number, and amount thereof, and make a record thereof in their respective offices; and thereupon the board of county commissioners shall, by order, order of comdirect the county treasurer to purchase the warrants missioners didesignated in the accepted bid or bids, and pay for chase of warthe same out of the redemption funds aforesaid, and all warrants so redeemed shall be canceled by the county treasurer by writing across the face. thereof, in red ink, "purchased and redeemed," adding thereto the time when and the amount paid therefor, and signing the same officially. The order of the board of county commissioners aforesaid, together with the record made by the county auditor as herein required, shall be sufficient vouchers for |