Page:1889 Territory of Dakota Session Laws.djvu/119

64 to pay the same on presentation and to cancel them when paid.

§ 9. .] Before the bonds are delivered to the purchaser they shall be presented to the county clerk or auditor, who shall register them in a book kept for that purpose and known as "The bond register," in which register he shall enter the number of each bond, its date, date of maturity, amount, rate of interest, to whom and where payable.

§ 10. .] Bonds issued in substantial conformity to this act shall be in law considered negotiable.

§ 11. .] Any county in this Territory which has issued warrants or other evidence of indebtedness since January 1st, 1887, for the purpose of building à court house or jail, or both may issue bonds under the provisions of this act to fund such warrants or other evidence of indebtedness and if such indebtedness was authorized by a majority voteof thequalified electors of such county previous to the incurring of the same no new election shall be had, and the board of county commissioners of any such county is hereby authorized and empowered when in the judgment of such board it is deemed to the best interests of such county to issue such bonds, and to apply the proceeds solely to the redemption of such warrants or other evidences of indebtedness, provided, the bonds issued under the provisions of this section shall bear a lower rate of interest than the outstanding indebtedness proposed to be fuuded.

§ 12. .] Апу county in this territory which has heretofore and since January ist, 1887, submitted to the voters of such county the question of building a court house or jail, or both, and issuing bonds therefor and upon such election the building of a court house or jail, or both, and the issuing of bonds therefor was authorized or directed by a majority vote of the qualified electors of such county as evidenced by a majority of votes cast at such election upon said question so submitted to them, no new election shall be had but such elections and the bonds when issued thereunder are hereby held and declared legal and valid as if the election had been held after the passage and approval of this act, and the board of county commissioners of any such county are hereby authorized and empowered to issue such bonds, and with the funds so obtained from the sale thereof to construct a court house or jail, or both, and are also hereby empowered to purchase a site for such court house or jail, or both, at such county seat if none is provided and pay for the same out of any unappropriated moneys in the county treasury; or contract in the name and in behalf of the county for the sale and conveyance of such site, to be paid for from the proceeds of such bonds when negotiated.

§ 18. .] All acts ог part of acts in conflict with this act are hereby repealed.

§ 14. .] This act shall take effect and be in force from and after its passage and approval.