The Iowa plain dealer. [volume] (New Oregon, Howard County, Iowa) 1867-1895, 1870-04-29
LAWS OF IOWA.
Published by authority.
CHAPTER 81,

CHAPTER 81.
AN ACT to provide for the fund
ing Of county indcbteness ant
for the payment thereof.
Section /. BE it enacted by the
General Assembly of the State OF
Iowa, That in any county in this
state having a population exceeding
5000 inhabitants, the outstanding
Indebtedness of which, on the first
day OF January, 1870, exceeded the
sum of five thousand dollars, the
Board Of Supervisors, by vote OF
two-,hirds of all members thereof,
shal. be, and they are hereby EN-.
powered if they deem it for the
public interest, to fund the same
and issue bonds Of the county
therefor, in sums not less than one
hundred dollars, nor more than one
thousand dollars each, having not
more than ten years to run, and
bearing rate Of interest not ex-
cceding ten per cent. per annum,
payable semi-annually, which bonds
shall be substantially in the follow
ing form
The county Of. in
the State of Iowa, for value receiv-
ed, promise to pay to.
or or.cr, at the office of the Treas
urer Of said county in. ............
on the first day of. is,
or at Rny time before that date at
the pleasure Of the county, the sum
of. dollars, with inter-
est at the rate of. per cent.
per anUp, payable at the office of
SAID Treasurer, scmi-annually, on
the first days Of. and
lin each year on pre-
sentation and surrender of the in
tcrcst coupons hereto attached
This Bond is issued by the Board
of Supervisors Of said county un-
der the provisions Of Chapter 81
of the Acts of the Thirteenth GEN
eral Assembly Of the state Of Iowa,
and in conformity with a resolution
Of said Board, dated. =. ... day
OF. 1877 -.
In testimony whereof the said
county, by it's Board of
Supervisors, has caused
t- this Bond TO be signed by
: SEAL the Chairman ofthe Board
'--, and attcsted by the Audit
or, with the county seal
attached, this ). day
of. .ls1.
Chairman Of Board OF Supervisors.
Attest
Auditor. .........
And the interest coupon shall be
in the following form
....... The Treasurer of.
county, Iowa, will pay the holder
hereof on the. ...... day Of. ....
1877. lat his Office in.
dollars, for interest on County
Bond No. issued under provis-
ions Of Chapter 54 Of Acts of Thir-
teenth General Assembly Of Iowa.
'''.' ''...' ...........
County Auditor.
A copy of this Act shall be print
ed on the back of each bond issued
under it's provisions.
Sec. 2. Whenever Bonds issued
under this Act shall be duly execu-
ted, numbered consccutively, and
sealed, they shall be delivered to
the county Treasurer, and his re-
ceipt taken therefor, and he shall
stand charged on his official bond,
with all bonds delivered to him,
and the proceeds thereof, and it
shall be his duty to sell the same,
or exchange them on the best avail
able terms, for any legal indebted
ness of the county, outstanding on
the first day of May, 1870, but in
neither case for a less sum than the
face value of the bonds, and all in
terest accrued on them at the date
of such sale or exchange !; and if
any portion of said bonds are sold
for money, the proceeds thereof
shall be applied exclusively to the
payment Of liabilities existing
against the county, at and before
the date above named. When
they are exchanged for warrants,
and other legal evidences of county
Indebtedness, the Treasurer shall
at once proceed to cancel such cy.
licences of Indebtedness, by indors-
ing Oh the face thereof the amount
for which they were received, the
word "cancelIed,' and the date of
cancellation.
He shall also keep \ record of
bonds sold or exchanged by him by
number, date Of sale, amount, date
of maturity, and name and post
Office address OF purchasers and
if exchanged, what evidences Of in
debtedness We're received therefor,
which record shall be opA at all
times to inspection,by the public.
Whenever the holder of any bond
shall sell aud transfer it, the pur-
chaser shall notify the Treasurer,
of such purchase, giving at the
same time the number Of the bond
transferred, and his post-otficc ad-
dress, and every such transfer shall