Lexington weekly intelligencer. (Lexington, Mo.) 1871-1887, 1879-05-10
DUB COMPROMISE BONDS.

DUB COMPROMISE BONDS. q
The following orders OF the county /,
and circuit courts, and the letter oil
Judge Wood. will explain the status of
our compromise bonds. We recommend
II careful reading by all parties.
order OF the County Court.
Lafayette County Court, May terIn' hrs' day
=. May 9TH. 1873.
Whereas, by an act OF the general assembly oil
the state OF Missouri. approved March 5sh. 1873,
entitled IAN act concerning the assessment.
levy and collection of taxes and the di,burse-
ment thereof ,, wherein it Is provided that no
tax other than the state tax and the tax necessary
to DAY the funded or bonded debt OF the slate,
the tax for current county expenditures and Tor
shsll be assessed. levied and collected
10 the several c Iunties OF this state except us
in said act;
And, whereas, the people of Lafayette county
did vote on = proposition to test the sense OIL Inc
people oil the county, submitted 10 them at i
specisl election held for that purpose on Decem-
Ter 3Ist, 1875, to compr mise the Old bonds oil
said county; and, whereas, the people OF saiu
county at said election, by AN almost unanimous
vote, did SANCTION, approve anu authofize Tie
compromise and settlement OF the Old Dondsi
and, whereas, the county court OF Lafayette
county. in pursuance OF the act OF the genera
assembly of the state Of Missouri. approved
March eth. 1876. did compromise and Is now
compromising the old bonds OF SAID county by
issuing rene wal funding bonds; and, whereas.
the good faith of the people OF Lafayette county
10 pledged to the prompt payment ofthe interest
and principal of said compromise bonds now
outstanding As they tall due; and, Whereas, the
people Of Lafayette county are anxious to main
tain their plighted faith As aforesaid. and to do
30 it is necessary to levy a tax for such purposes;
and, whereas. the county court OF Lafayette
county is satisfied that the necessity exists Tor
the assessment, levy and collec don of y tax for !
paying the interest and principal on said re-
newal funding bonds, known as compromise
bonds oil said Lafayette county;
1. Is ordered by the court that the prosecuting
attorney Of Lafayette county. state OF Missouri,
be and he is hereby authorized and directed to
present q petition to the circuit court OF Lafay-
cite county or the judge thereof In vacation,
setting forth the fact and specifying the reasons
why said other tax should lie assessed. levied
and collected and praying said circuit court for
an order directing AMI commanding this court
to have assessed, levied and collected q tax for ,
the purpose of paying the interest an creating
q sinking fund to meet the principal when due oil
said renewal funding bonds. known as compro-
mise bonds. And it is further ordered, that
| this order be entered Of record iu the proceed
| ings of this court.
1, VIM. B.. Steele, clerk of the county court
within and for the county and state aforesaid,
do hereby certify that the foregoing Is u full
and true copy of the order of the aforesaid
county court as the same appears of record IN
my said olce, in Book 10. at page IL.
In testimony whereof, l do hereunto act my
hand, and aflx the seal of said court. this 9Th
day of May, A. D.. 1873.
WIN. B. STEELE, Clerk.
Petition Of Prosecuting Attorney.
To the Honorable william 7. Wood, Judge OF
the Circuit Court OF Lafayette County, in the
Sixth Judicial Circuit Of the State Of Missouri
in vacation:
In obedience to an order of the county
court Of Lafayette county, state Of Mis-
souri,, made and entered Of record in the
proceedings of said county court, at the
May term thereof. A. D., 1879, and on
the nrst day OF said term, being the 5th day of
May, 1873, a duly certified copy of which said
order is hereto filed and attached. the under
signed. prosecuting attorney Of Lafayette coun-
~ aforesaid, by this, his petition, respectfully
shows and represents to the Honorable William
7. Wood, judge of our said Lafayette circuit
court, that the county court OF Lafayette county
has, In accordance with law, and by the sunc-
ton of the people of Lafayette county cOmpro-
missed the bonded debt of Lafayette county and
is yet engaged In compromising the same. That
in doing SO the county of Lafayette has issued q
large number oil renewal funding bonds, known
as compromise bonds. That this compromise
before it was undertaken by the county court OF
Lafayette county was submitted to and carried
by an almost unanimous vote OF the voters OF
Lafayette county. though no necessity or law
existed requiring such submission OF the propo-
sitlon to compromise. Your petitioner represents
that the good faith of the people of said Lafs-
yette county is pledged to the payment Of the In
tersst and principal of said renewal funding
bonds as and when they shall fall due according
to the tenor and effect thereof. That unless such
faith Is kept ~invivlste the further compromise
Of the outstanding indebtedness of the county
will DO impsded If Bot wholly prevented, and
{ the law and promise of the people of L lafayette
county, solemnly given and accepted, VIOLATED
r without any proVocation or excuse wha tever
, Your petitioner represents that there is but on,
desire on the part of the people of Lafayett,
j.. county, and that is faithfully to observe anc
carry out their solemnly plightsd faith, given il
the issuing of SAID renewal funding bonds
known as the compromise bonds. Wherefore
your petitioner represents that 1t Is true as state'
| in said order of the county court hereto attach
ed, that the necessity exists for the levy of
tax other than now provided by law, wherewitl
. to pay the interest and create a sinking fund t
: meet, when due, the said renew al funding bonds
known as compromise bonds. Wherefore a
provided by an act of the general assembly o
Y the state Of Missouri, approved March slh, 1879
8 entitled IAN act concerning the assessment
q levy and collection Of taxes and the disburse
ment thereof the undersigned. prosecutin
attorney of Lafayette county. prays for an orde
e commanding the county court Of Lafayett
a county to have assessed, levied and collected
q tax to be applied to the payment of the interes
on and to create u sinking fund to meet and dis
charge the said renewal funding bonds. know
9 as compromise bonds. and which purpose an
# order Is not in conflict with the constitution c
any laws of the state Of Missouri, and whic
SAID tax when so assessed. levIsd anu collecIe
shall be used ior no other purpose than ne state
d herein and in the order Of said county court Q
Lafayette county. All OF which is respectful
submitted, and your orator as In duty boun
will ever pray. JOHN s. BLACKWELL,
n Prosecuting Attorney.
May 5;h, A. D., 1879,
order of tho Circuit Court.
Sixth Judicial Circuit. Lafayette county, Nils
souYi-in vacation.
, Now. at this day. John S. Blackwell, pros
cutting attorney for the county OF Lafayette
Y. presents to inc, the unders'gned, judge of Il
sixth Judicial circuit of the state Of Missouri,
petition setting forth the facts. and specifyir
:, the reason for an order on the county clerk
l. sail county, to assess. levy and collect a t.
{ for the purpose of paying the Interest and ere
q ting II sinking fund, to meet the principal. VIII,
=, due. on the renewa! funding bonds of said couI
10 ty of Lafayette, known as '.compromi
bonds" And 1t appearing, that said petite
r. is SO presented on the request of the coun
court OF said county. OF record; and, bei
y satisfied of the necessity as we'll as of the lesa.
IS ty, proprlety and Justice for such q tax and III
9. the said assessment. levy and collection there