Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1913-11-27

prOaches, more than $4,000; and
Whereas, none Of said indebtedness
or warrants has ever been adjudicated
to be invalid and no litigation Is pend
ing, prayed or threatened involving
the validity of any of said indebted
ness or warrants, and said indebted
ness thus evidenced by said warrants
is legal, valid and binding obligation
Of said county; and
Whereas, 1t is deemed to the best
interest Of said county to fund said
outstanding Indebtedness incurred for
bridge purposes and evidenced by said
warrants outstanding on the first day
of September, 1913, and now outstand-
ing to the amount of $4,000; and
Whereas, the amount, nature and
condition of the indebtedness of said
county now is and was at the time Of
contracting and Of mourning each
item of said bridge Indebtedness, in
Guiding such item, and at the time OF
the issuance of each of said bridge
warrants, including such warrant, such
that according to the last previous
state and county tax lists no portion
Of said county now Is or was at any OF
said times chargeab!e with taxation
(either levied or afterwards to be
levied) to pay county indebtedness ex-
ceeding the limit of one and one
quarter per centum Of the actual value
of the taxable property within such
portion of said county and such that
the total Indebtedness of said county
does not now, and did not at any Of
the aforesaid times, exceed the con-
stitutional or statutory limitations,
now therefore,
Be it resolved by the board Of super
yisors of the county .,f Wapello coun-
ty, in the state Of Iowa
That, for the purpose or funding the
bridge indebtedness of said county in
the amount of $4,000, referred to and
proposed to be funded in the pre-
amble of this resolution and evidenced
hy warrant, each Of which were out
standing on the first day of September,
1913, and is now outstanding and has
been called for payment there are
hereby authorized to be issued thlr-
teen G3), negotiable funding bonds OF
said county of one thousand dollars
Isl .OOO) each to be dated the first day
of November, 1913, each bearing inter
est from and after the date Thereon
until paid, at the rate of five per cent
UNI 6 per cent? per annum, payable
semi-annually on the first days OF May
and November, in each year, such in
terest to be evidenced by negotiable
coupons attached to each bond, both
principal and interest to be payable in
lawful money of the United States OF
America, at the Office Of the county
treasurer OF Wapello county in the city
Of Ottumwa, state of Iowa. with eX-
change. Said bonds shall be number
ed consecutively from fifty (5O) to six
ty-two (62), both numbers inclusive,
and shall become due and payable on
the first day of November, 1927.
Be it further resolved that the bonds
hereby authorized shall be in form and
recitals substantially as follows:
Form Of Bond.
M $1,000.
United States Of America, State OF
Iowa, County Of Wapello.
Funding Bond.
The county Of Wapello, in the state
of Iowa, for value received promises
to pay to bearer one thousand dollars,
lawful money of the United States OF
America, on the first day OF Novem-
ber 1927, together with interest on
said sum from the date hereof until
paid at the rate of five per centum per
annum, payable sem;-annually on the
first days of May and November, in
each year, upon presentation and sur
render of the interest coupons hereto
attached as they severally become
due; both principal and interest OF this
bond are hereby made payable at the
office of the county treasurer OF Wa
pello county, in the city of Ottumwa,
state of Iowa, with exchange, and Tor
the prompt payment Of this bond, both
principal and interest at maturity, the
full faith and credit of said county are
hereby irrevocably pledged.
This bond is issued by the board Of
supervisors of said county pursuant to
and in strict compliance with the
provisions of section 403 ct seq. chap
ter /, title w, of the code of Iowa, as
amended and In conformity with
resolution of said board, duly passed
for the purpose of funding a like
amount of the valid, subsisting indebt-
edness of said county. outstanding on
the first day of September, 1913, and
until the issuance Of this bond.
And it is hereby certified and re-
cited: That all acts, conditions and
things, required by the laws and con-
stitution of the state of Iowa to be
done precedent to and in the issue or
this bond, have been properly done.
happened and been performed in regu-
lar and due form as required by law;
that the indebtedness funded by the
issuance of this bond was valid, sub
sisting and legal indebtedness OF said
county, and that the total indebtedness
Of said county, including this bond
does not exceed the constitutional or
statutory limitations.
In testimony whereof, said county,
by It's board Of supervisors, has caused
this bond to be signed by the chair
man of the board and attested by the
auditor, with the seal of the county
affixed, as of the first day of Novem-
ber 1913.
]. w. Hall,
Chairman Board of Supervisors.
Attest: J. F. Stevens, Auditor Wa
pello county, Iowa (SeaD.
(Form of Coupon.)
No $500.
Wapello County, Iowa.
rrla +ro,g,ror IF NyapallO cOllOtV