The commissioner’s record shows that the…

chunk 489 · paragraph 1915

re are out- standing, of bonds issued previous to the issues of 1889: Funding 8’s of 1882 $10,100.00 Funding 6’s of 1885 18,500.00 The commissioner’s record shows that the issue of $60,000 in railroad 7’s was authorized in 1883, but no other record was found of these bonds. The annual interest charge on account of outstanding bonds of Grant County is $13,- 650,00, and of the entire issue outstanding, only $18,500.00 can be called in before July 1st, 1899, but a number of these bonds, as shown by the above statement, not yet have been pre- sented for payment and there appears to have been no fund set apart for their redemption, although refunding bonds were sold last year for the purpose of taking up the outstanding courthouse bonds, and funding bonds of 1882. The money appears to have been put into a special “cash fund” for the redemption of these bonds. If they should be presented now, there does not appear to be enough money in the special cash fund to take them up.