shall make up the amount in money so as to equal the amount of the face of the bond to be issued, and any money paid for that purpose shall be paid to the county treasurer, to the credit of the general fund. Payment and Sec. 6. All bonds issued under the provisions of redemption of bonds. this act shall become due and payable ten years from the date of their issue, but shall be redeemable at the pleasure of said county at any time after the expiration of five years from the date of their issue. Faith of the county pledged pal and inter Sec. 7. The faith of the said county of Madison to pay princi- is solemnly pledged for the payment of the interest and redemption of the principal of the bonds authorized to be issued by this act. est. Commissioners to have bonds printed. Holders of warrants to file ing. Sec. 8. For the purpose of carrying into effect the provisions of this act, the said commissioners are hereby authorized to cause to be printed or lithographed at the lowest possible rates, suitable bonds, with coupons attached, and pay for the same out of any moneys in the county treasury of said county not otherwise appropriated. Sec. 9. All holders of county warrants on the same for bond-general fund of said county shall present the same to the board of county commissioners of said county, or file the same with the county clerk thereof, on or before the first day of April, A. D. 1876, for conversion into bonds under the provisions hereof; and in case any holder or holders of such county warrants shall fail to present their warrants to said commissioners or file the same with the clerk of said county as herein provided, on or before the said first day of April, A. D. 1876, it shall be lawful for the said county commissioners, in their discretion, to issue and dispose of in the manner hereinafter provided, a sufficiency of the bonds authorized by this act, to pay off said warrants, and shall out of the proceeds of such sale of bonds cause the said warrants to be redeemed in the manner now provided under the general laws of the territory for the redemption of county warrants. and sale of Sec. 10. The county commissioners of said Advertisemen t county of Madison shall cause to be advertised in a bonds. newspaper published in said county, for four weeks, a notice to the effect that they will sell at public auction to the highest bidder, the bonds authorized by section 9 of this act to be sold, stating in such notice the time and place of sale, and the amount and denomination of the bonds to be sold. Provided, That no bonds disposed of under the provisions of this act, shall be sold at less than the face thereof. cancelation of under this act. Sec. 11. At any time after the warrants of said Purchase and county shall been converted into bonds under the bonds issued provisions of this act, the county commissioners of said county shall ascertain that there has accumulated in the county treasury of said county, funds not appropriated by law and not needed to meet the current expenses of the county, any sum of money exceeding one hundred dollars, it shall be lawful for the said commissioners to direct the treasurer of said county to purchase the bonds of said county, to the extent of the funds so ascertained to be in the hands of said treasurer, and the said treasurer shall with such accumulated funds purchase bonds of said county, and shall report the same to said commissioners at his next settlement, and the said commissioners shall cancel the same as provided by law. of interest. Sec. 12. The treasurer of said county shall pay of the payment the interest as it falls due on the bonds herein authorized, on the presentation to him of the proper coupons therefor, and all bonds and coupons which may be paid by the said county treasurer shall be returned by said treasurer to the board of county commissioners at his next settlement with them after such payment, and the said commissioners shall cancel said bonds and coupons in the manner now Penalty for terfeiting bond or coupon. provided by law for the cancellation of county warrants. Sec. 13. That if any person or persons shall forging or coun- falsely make, forge, counterfeit, or alter, or cause or procure to be falsely made, forged, counterfeited, or altered, or shall wilfully aid or assist in making, forging, counterfeiting, or altering any bond or coupon authorized to be issued under the provisions of this act, or' shall pass, utter, publish, or sell, or attempt to pass, utter, publish, or sell, or shall have or keep in possession, or conceal with the intent to utter, publish, or sell any such forged, counterfeited, or altered bond or coupon with intent to defraud any body corporate or politic, or any person or persons whatever: Every such person so offending shall be deemed guilty of felony, and shall, upon conviction thereof, be punished by fine not exceeding ten thousand dollars, and by imprisonment and confinement at hard labor in the penitentiary not exceeding fifteen years, in the discretion of the Repealing courts. Sec. 14. All acts or parts of acts in conflict with clause. this act are hereby repealed. Sec. 15. This act to take affect and be in force from and after its passage. Approved February 10, 1876. County com missioners au SPECIAL LAWS. AN ACT to provide for the funding of the outstanding twelve per cent bonds of Meagher county, Montana territory, and for other purposes. Be it Enacted by the Legislative Assembly of the Territory of Montana : Section 1. That the commissioners of Meagher thorized to is county, Montana territory, are hereby authorized coup and empowered to issue on the credit of said county of the county coupon bonds to an amount not exceeding thirty sue bonds on credit thousand dollars, or so much thereof as may be necessary to redeem all of the outstanding twelve per cent bonds heretofore issued by said county, together with the interest remaining unpaid thereon, which bonds shall be redeemable at the pleasure of said county, after three years from their date, and shall become due and payable ten years from their date, and bear interest at a rate not exceeding ten per cent per annum. and coupons. thenticated. Sec. 2. The bonds authorized to be issued by Form of bonds this act shall be in such form as the said commis- Same, how ausioners may direct, and shall bear the signature of the chairman of the board of county commissioners of said county and the treasurer of said county, and shall be sealed and countersigned by the clerk of said county, and the coupons attached to the bonds shall be signed by the chairman of said board, the treasurer of the county, and the county Bonds to be clerk; and each bond issued shall be registered by registered. the county treasurer, in a book provided for that purpose, and it shall show the number and amount of each bond and to whom issued, and the said bonds shall be sold by said county commissioners, or their lawfully authorized agent or agents, at not less than ninety cents on the dollar of the face thereof, as hereinafter provided. and sale of Sec. 3. The said county commissioners shall, as soon as practicable after the passage of this act, give Advertisement notice by advertisement in one weekly neswpaper bonds. published in this territory, and one daily newspaper published in the city of New York, for a period of not more than four weeks, to the effect that the said county commissioners will sell said bonds (briefly describing the same) and stating the time when such sale will take place. And all moneys arising from the sale of said bonds shall be paid into the treasury of said county Application of to the credit of the sinking fund, and shall immedi- bonds. proceeds of Denomination of bonds. Faith of ately thereafter be applied to the payment of the outstanding twelve per cent bonds of said county and the unpaid interest thereon. Sec. 4. All bonds authorized to be issued by this act shall be of the denominations of one hundred, five hundred, and one thousand dollars, and the the faith of the said county of Meagher is hereby pledged for the payment of the interest and the redemption of the principal of said bonds. county pledged terest on bonds, Sec. 5. The treasurer of said county shall pay in lawful money of the United States, at the expiration of six months from the date of the issue of each Payment of in- bond, the interest due thereon, and semi-annually thereafter, upon presentation at his office of the proper coupon, which shall show the amount due and the number of the bond to which it belonged, and all coupons so paid shall be reported to the said commissioners at the first meeting thereafter; but in case the holder or holders of the said bonds shall give the treasurer notice in writing that they wish the bonds so held by them, and the interest accruing thereon, to be paid at a designated bank in the city of New York, then the said bonds and coupons shall be payable in said city of New York; otherwise the said bonds and coupons shall be payable at the office of said county treasurer, Moneys fund. Sec. 6. It shall be the duty of said county commissioners to cause to be set aside forty per cent of all moneys collected by said county, or received into terest and cre- the treasury thereof, for the purpose of paying the ated sinking interest accruing on the bonds issued and sold under the provisions of this act, and all surplus of said forty per cent received into the treasury, after the payment of the interest aforesaid, shall constitute a sinking fund and be applied to the redemption of the principal of said bonds, as hereinafter provided. Sec. 7. Whenever, at any time, the sum in said sinking fund shall exceed the sum of five hundred |