Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1909-04-24

Supervisor John w. Reinhard in
troduced resolution authorizing the
issuance of $65,000 funding bonds, to
be dated April 1, 1909, to fund like
amount of outstanding warrants of
said county and moved its adoptions,
seconded by A. ]. Fairchild.
Resolution, to provide for the issu-
ance of $4,000 funding bonds by the
county of Wapello, state of Iowa:
Whereas, the county of Wapeilo is a
body corporate, duly organized and
existing under and by virtue of the
laws of the state of Iowa; and where
as, the county Of Wapello had on April
/, 1909, and now has an outstanding
Indebtedness in the aggregate amount
of sixty-five thousand dollars, ($65,
evidenced by valid subsisting and
legal obligations Of said county, all of
which where outstanding on the first
day Of April, 1909; and whereas none
of the warrants proposed to be fund
ed by this resolution were issued in
payment of an expenditure exceeding
$4,000 in the erection Of court house,
Jail, poor house or other buildings, or
in the purchase of real estate for
county purposes exceeding $4,000 Of
value: and whereas it Is deemed to
the best interests Of said county to
fund said outstanding Indebtedness to
the extent OF sixty-five thousand dol
lars; therefore, be 1t resolved by the
board of supervisors of the county of
Wapello, in the state of Iowa, that
there shall be and there is hereby
ordered issued the negotiable coupon
bonds of said county to the aggregate
amount of sixty-five thousand dollars
(s65 ,000) for the purpose of funding a
I like amount of it's valid, subsisting and
legal Indebtedness on the first day of
April, 1909; be 1t further resolved,
that the bonds hereby authorized shall
consist of sixty-five bonds in number
| in the denomination Of one thousand
dollars each, numbered from one to
sixty-five, inclusive, and shall be de-
signated funding bonds, second
series" They shall bear date of
April 1, 1909 and shall become due
and payable as follows:
Bonds Nos. i to q, inclusive, $4,000,
April 1, 1911.
Bonds Nos. 5 to 8, inclusive, $4,000,
April 1, 1912.
Bonds Nos. 9 to IL, inclusive, $4,000,
April 1, 1918.
Bonds Nos. 10 to 16, inclusive, $4,000,
April 1, 1914.
Bonds Nos. II to 20, inclusive, $4,000,
April 1, 1915.
+ Bonds Nos. 21Ato 81, inclusive, $1,000,
April 1, 1916.
Bonds Nos % to 35, inclusive, $4,000,
April 1, 1917.
Bonds Nos &c to As, inclusive, $10,-
900, April 1, 1918.
Bonds Nos as to 55, inclusive, $10,-
900, April 1, 1919.
Bonds No. 56 to 65 inclusive, $10,-
900. April 1, 1920.
The bonds hereby authorized shall
bear interest at the rate of per cent
per annum, payable semi-annually, on
the first days of April and October in
each year, interest to the maturity Of
4 said bonds to be evidenced by Interest
coupons to be attached to each of said
bonds: both principal and interest Of
said bonds shall be payable in lawful
money Of the United States Of Amer
lea, at the office of the treasurer Of
: Wapello county, Iowa, with exchange
Be it further resolved, that said bond:
shall be signed by the chairman Of
the board of supervisors, and attested
by the county auditor, and each oil
said bonds and coupons shall be In
substantially the following form to
wit:
(Form of Bond.)
No. $1,000
United States of America
State Of Iowa, County of Wapello.
Funding Bond. Second Series
The County Of Wapello, in the STATE
of Iowa. for value received, promises
to pay to bearer One Thousand Dol
, lars, lawful money Of the United
States Of America. on the LIST day o
April, 10, together with interest OF
the said sum from the date hereof, un
til paid, at the rate of per cent pc
annum, payable mi-anrtlally, one tn
list days of April and October In eacl
: year upon presentation and surren
der Of the interest coupons hereto at
tached, as they seNerally become due
both principal and interest Of this BON
are hereby made payable at the offic
Of the Treasurer Of Wapello County
$ Iowa. with exchange, and for tn
T. prompt payment Of this bond, bot
> principal and interest at maturity tin
full faith and credit of the said count
" are hereby irrevocably pledged Thi
bond Is issued by the Board Of Sup
;" ervisors of said county for the purpos
3 of funding like amount of the valit
: | SuDSlSt1nS 1nQeDLeQneSS OF Salu COun
Y ty, outstanding on April 1. 1909, pur
| suant to and in full compliance wit
). the provisions Of Section 403, ct seq
;, Chapter i, Title 4, Of the Code a
amended and in conformity to reso
$ luton of said board duly passed, an
! it is hereby certified and recited tina
Y all acts, conditions and things requir
S ed by the laws and constitution of til
J. State of Iowa, to be done precedent [
: and in the issue of this bond, hav
been properly done, happened and bee
!, performed in regular and due form a
i required by law; that the indebted
q ness funded by the issue Of this bon
was valid, subsisting and legal In
e debtedness of said county, and thu
y the total indebtedness of said count,
; including this bond, does not excee
;. the constitutional or statutory limits
y tions.
d In testimony whereof said County {
r Wapello. by its Board Of Supervisor
L. has caused this bond to be signed b
q the Chairman of the Board, and al
= tested by the Auditor of the Count
with the County Seal affixed, as of tt
y 1st day of April, 1909.
y WIN. WILSON, Chairman.
b Attest: G. w McCarty, Auditor.
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