Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1914-12-05


the validity of any of said indebted.
ness or obligations, and said indebted
ness thus evidenced by said obliga-
;tions is legal, valid and binding obli.
lgation of said county; and, whereas,
ut Is deemed to the best interest of
Isaid county to fund said outstanding
Indebtedness incurred for bridge pur-
lposes and evidenced by said obliga.
stions outstanding on the first day of
September, 1914, and now outstanding
to the amount of $4,000; and, where
las, the amount, nature and condition
of the indebtedness of said county
now is, and was at the time of con-
tracing and of mourning each item
.of said bridge indebtedness, includ-
ling such item, and at the time of the
Issuance of each Of said obligations.
Including such obligations, 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, chargeable with taxation (either
levied or necessary afterwards to be
llevied) to pay dounty Indebtedness
Exceeding the limit of one and one
1quarter 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 supervisors of the county of
1. That, for the purpose of funding
the bridge Indebtedness of said coun-
ty in the amount of $4,000, referred
to and proposed to be funded in the
preamble of this resolution and evil
denced by obligations each of which
were outstanding on the first day of
September, 1914, and is now outstand-
ing and has been called for payment,
there are hereby authorized to be is
sued twenty-five (25) negotiable fund
ing bonds of said county, of one thou
sand dollars ($1,OOO) each, numbered
consecutively thirty-six (36) to sixty
(60), both numbers inclusive, to be
dated the second day of November,
1914, each bearing interest from and
after the date thereof until paid, at
the rate of five per centum (5B) per
annum, payable semi-annually on the
first days of May and November, in
each year such interest to be evidenc-
ed by negotiable coupons attached to
each bond; both principal and interest
payable in lawful money of the United
States of America, at the banking
house of Geo. M Bechtel and Com
pany, in the city of Davenport, state
of Iowa. Said bonds shall become due
and payable in their numerical order
e. fo
elusive, $4,000, November 1, 1929.
Bonds Nos. Al to 60 inclusive, 100000,
November 1, 1880. Section 2. The
bonds hereby authorized shall be in
form and recitals substantially as fol-
lows:
Form of Bond)
No. $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 Dol
lars. lawful money of the United
States of America, on the first day of
November, H., together with in
terest on said sum from the date here
of until paid at the rate of five per
centum per annum, payable seminar
nually on the first days of May and
November, in each year, upon presen-
tation and surrender of the interest
coupons hereto attached as they sew
orally become due. Both principal and
interest of this bond are hereby made
payable at the banking house of the
Geo. M. Bechtel and Company, in the
- or 70 Of nd
for the prompt payment of this bond.
both principal and interest at matur-
ity, the full faith and credit of said
county are hereby irrevocably pledg-
ed. 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 1, title w of the code of Iowa, as
amended, and in conformity with a
resolution of said board, duly passed.
for the purpose of funding a like
amount of the valid, subsisting in
debtedness of said county, outstand-
! ing on the first day of September.
1914 and until the issuance of this
bond And it is hereby certified and
recited: That all acts, / conditions,
and things, required by the laws and
constitution of the state of Iowa to be
done precedent to and in the issue of
this bond, have been properly done,
happened, and been performed in
regular and due form as required by
I, law: that the indebtedness funded by
the issuance of this bond was a valid,
subsisting and legal Indebtedness of
said county; and that the total indebt-
edness of said county, including this
bond, does not exceed the constitu-
tional or statutory limitations. In
testimony whereof, said county, by it's
board of supervisors has caused this
bond to be signed by the chairman Of
the board and attested by the auditor,
with the seal of the county affixed, as
of the second day of November, 1914.
Chairman Board of Supervisors
Attest:
County Auditor, Wapello County, Iowa.
| (SEAL)
(Form of Coupon)
No. $500.
| Wapello County, Iowa.
The treasurer of WapeIlo county,
Iowa. will pay to bearer twenty-five
dollars, lawful money Of the United
| Il ~