Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1909-02-20
Resolution.

Resolution.
Whereas, the outstanding indebted
ness against the bridge fund of Wa
pello county, Iowa, amounts to the sum
Of 1881 ,000) thirty-one thousand dol
lars, which Indebtedness has been in
Cured in the making and repairing of
the bridges of said county, and in
cludes the sum of ($23,000) twenty
three thousand five hundred dollars,
from said fund for the
building of new bridge over the Des
Moines river near Cliffland in said
county, all of which is now the bind
ing and subsisting obligation of said
county, and it appearing to the under
signed board of supervisors of said
county, that it is to the best interest OF
the county to fund said debt by issu-
ing bonds as provided for in section
1403 in the supplement of the code OF
Iowa, so as to extend the time Of pay
ment and reduce the rate of interest
but not increase the amount of said
Indebtedness; therefore be it resolv-
ed by the board Of supervisors of Wa
pello county, Iowa.
That there are hereby authorized to
be issued by the county of Wapello
county. it's bonds to the amount OF
1881 ,00O) thirty-one thousand dollars,
for the purpose Of funding like
amount of outstanding Indebtedness,
which shall consist of thirty-one bonds
of the denomination of one thousand
dollars ($t,000) each. and numbered
from one to thirty-one inclusive. Said
bonds shall be designated "Wapello
county bridge funding bonds Of 1909
and shall be dated March 1, 1909, and
become due and payable as follows:
$4,000 due March /, 1910.
| $4,000 due March 1, 1911.
$4,000 due March I, 1912.
$4,000 due March /, 1913
$1,000 due March /, 1914.
$4,000 due March 1, 1915.
And said funding bonds shall bear
interest at the rate of a per cent?
four per centum per annum, payable
semi-annually, which interest shall be
evidenced by interest coupons, to be
attached to each of said bonds and
both principal by interest coupons, to
be attached to each of said bonds and
both principal and interest OF said
bonds shall be made payable at the
county treaSlrer's office in the city of
Ottumwa, Iowa.
Sec g. Said funding bonds shall be
issued under and pursuant to and in
strict conformity with the provisions
of section 400 of the supplement t.
section 404 Of the code of Iowa. The
proceeds of the sale of said funding
bonds shall be placed in the bridge
f6l nf nc
: 1907 code Of Iowa.
Section 3-Said funding bonds shall
be signed by the chairman Of thu
board of supervisors and attested b,
the county auditor and the seal of ths
county affixed, and when executed saj'
bonds shall be delivered to the count.
treasurer and shall be by him regis
. tered, and disposed Of in strict con
: formity outstanding indebtedness
; against said fund. and for no othe
purpose, the intention being to chang
/ but not to increase the indebtedness
of said county.
Dated, January %, 1909.
tSigned) =
VIM Wilson, president board of S,
pervisors.
J. w. Reinhard, member board of 81
r. pervisors.
e A. j. Fairchild, member board of S,
/. pervisors.
t, The following resolution to issu
l. funding bonds was also adopted.
e Resolutions.
Whereas, The outstanding indebte
"a ness against the county fund of w
! pello county Iowa, January 1, 100
| as ~ H. 10
70 thousand dollars and the outstandir
( Indebtedness against the POOR far
a fund, January l, 1909, amounted to tt
9. sum of fifteen thousand ($15,000) dc
W lars, all Of which Indebtedness is no
~ the binding and subsisting obligatie
d. of this county; and it appearing
m the undersigned board of supervise
" of said county that it is to the be
interest Of county to fund said debt !
issuing bonds as provided for in Sc
ton 463 of the supplement to the cot
of Iowa, SO as to extend the time
payment and reduce the rate of int
:. est, but not increase the amount
:. said Indebtedness. Therefore, be
~ resolved by the board of supervise
49, Of Wapello county, Iowa.
II - Section /. That there are here
- authorized to be issued by the coun
~ Of Wapello. Iowa, it's bonds to t
amount Of sixty-ive thousand (s6
0OO) dollars, for the purpose of fur
~ ing like amount of outstanding
~ debtedness, which shall consist of s
- ty-fve bonds Of the denomination
~ one thousand dollars each, and MI
~ bered from one to sixty-five inclusi,
~ Said bonds shall be designated, Nv
IN. pello county funding bonds Of 19'
- second SERIES and shall be dat
on March 1, 1909, and becomes due a
~. payable as follows:
- 100000 due March 1, 1911.
100000 due March l, 1912.
100000 due March 1, 1913.
100000 due March I, 1914.
100000 due March /, 1915.
100000 due March l. 1916.
er' 100000 due March 1, 1917.
he $10000.00 due March i, 1918.