Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1913-05-17
BOARD PROCEEDINGS

BOARD PROCEEDINGS
Ottumwa, Iowa, April 81, 1913.
The board Of supervisors OF the
county Of Wapello, in the state OF
Iowa, met in regular session pursuant
to law and to the rules Of said board
The meeting was called to order by
the chairman and the roll being called,
there were present, J. w, Hall, chair
man, and the following named super
visors: ]. r. Stodghill and H. B. Pat
terson. Absent, none.
Il was moved by J. r. Stodghili,
seconded by H. B. Patterson, that the
81 900 outstanding county farm war.
rants Of the county of Wapello, all OF
which were outstanding April 1, 1913,
and are payable at the option of the
county, be hereby called for payment,
and the treasurer is directed to inform
the last known holders and owners OF
the warrants.
The question being upon the
adoption of the motion, the roll was
called, resulting as follows, to-wit:
Ayes, J. W. Hall, J. R. Stodghill and
n. B. Patterson. Nays none.
Whereupon the chairman declared
the motion duly adopted.
Supervisor H. B. Patterson intro
duced and read the resolution herein
after set out, and moved it's adoption,
seconded by ]. R. Stodghill. After
due consideration Of said resolution by
the board, the chairman put the ques-
ton on the adoption thereof, and the
roll being called, the following named
supervisors voted:
Ave, J. R. Stodghill, H. B. Patterson
and J. w. Hail. Nays, none. (
Whereupon the chairman declared
said resolution duly adopted as fol-
lows:
Resolution.
To provide for the issuance Of SILL
900 funding bonds.
Whereas, The county of Wapello, in
the state of Iowa. is body corporate,
duly organized and, existing under and
BY virtue of the laws and constitution
Of the state Of Iowa; and =
Whereas, Said county now has an
outstanding Indebtedness in the aggre.
gate amount Of $11, 900, evidenced by
valid, subsisting, legal obligations of
said county, which have been ordered
to be called for payment, all of which
Indebtedness was outstanding on the
first day Of April, 1918; and
Whereas, None of said indebtedness
was incurred for the construction of
any county building or for bridge or
road purposes and
Whereas, None Of said outstanding
Indebtedness was incurred in contra
vention of sections 423 ct seq, or 443,
or AS ct seq, of the code of Iowa, as
amended; and
Whereas, Aforesaid Indebtedness
was incurred for purposes, and in man.
ner provided for by law, and is evil
denced by warrants each of which was
issued pursuant to resolution duly
adopted by the board of supervisors
Of said county and
Whereas, 1t is deemed for the best
Interests of said county to fund said
outstanding Indebtedness in the sum
OF $1,000; and
Whereas, The total Indebtedness Of
said county, including said bridge in
debtedness, did not at the time of in
curing said Indebtedness, or on April
/, 1913, and does not now, exceed the
constitutional or statutory limits, and
the amount mature and condition of
the Indebtedness Of said county is and
was such that no portion of said coun-
ty Is or was chargeable with taxes to
pay county Indebtedness exceeding
the limit of one and one-quarter per
centum of the actual value of the
taxable property within such portion
Of said county; now therefore
Be 1t resolved, BY the board of super
yisors Of the county of Wapello, in
the state Of Iowa:
hereby ordered issued the negotiable
coupon bonds of said county, to the
aggregate amount of $1,000, for the
purpose of funding, like amount of
its valid, subsisting, legal indebted
ness. outstanding on the first day of
April, 1913, and now outstanding, as
aforesaid.
Be it further resolved, That the
bonds hereby authorized shall consist
OF eleven bonds in number, in the
denomination of $1,000 each, numbered
consecutively from one to eleven, both
numbers inclusive, and shall be desig-
mated, funding bonds" Said bonds
shall bear date Of May l, 1918, and
shall become due and payable on the
first of May, 1913.
Said bonds hereby authorized shall
bear interest at the rate Of five per
centum per annum, payable semi-an-
nually, on the first days of May and
November in each year, interest to the
maturity of 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