Webster City freeman. [volume] (Webster City, Hamilton County, Iowa) 1884-1946, 1914-12-22

to the said lands in said drainage
district in the aggregate sum O.
$4,000, and
Whereas, assessment in the aggre
gate of $455.35 for public roads i:
not included in amount for bonding
and
Whereas, the board of supervisors
of Hamilton county, Iowa, has here
tofore determined that the estimat
ed cost of reclamation and improve
ment of said district of land is great.
er than should be levied and collect.
ed in single year,
Now therefore, be it resolved by
the board of supervisors of Hamil'
ton county, Iowa, that drainage
bonds of said county be issued in
the sum of $4,544.OO for the benefit
of Leksell drainage district No. 154
Said issue shall consist of l bond OF
the denomination of $444, bonds
of the denomination of $500 each
and bonds of the denomination OF
$500 each, to be numbered cOnsecu-
lively from l upward, dated Novem-
Der 1st, 1914, and shall mature as
follows: $500 due and payable on
November LIST, 1917 5000 due and
payable on November LIST, 1918;
$500 due and payable on November
list, 1919; $500 due and payable on
November LIST, 1920, and $944 due
and payable on November list, 1921.
Said bonds shall bear interest at
the rate Of five and one-half per
cent per annum, payable semi-an-
nually on the first day of November
and May of each year, the several
installments of interest to be evil
denced by coupons attached to said
bonds, and both principal and in
terest shall be payable at the office
of the treasurer of said county, in
Webster City, Iowa. Said bonds shall
be signed by the chairman Of said
board of supervisors and county au-
ditor, with the county seal attached,
and said interest coupons shall have
printed thereon a fac-simile of the
signature of said auditor. The chair
man of said board and county audi
tor are hereby authorized and direct
ed to execute said bonds, therein
pledging the faith Of said county to
assess, levy and collect the taxes
necessary on the lands benefited for
the prompt payment of both princi-
pal and interest thereof at maturity
and when executed and registered
by the treasurer of said county, to
deliver the same to the Security
Savings Bank & Trust Company of
Toledo, Ohio, upon the compliance
of said purchaser with the terms OF
contract entered into for the sale of
said bonds.
Form of Bond:
UNITED STATES OF AMERICA
STATE OF IOWA,
HAMILTON COUNTY,
DRAINAGE BOND.
$500.
Know all men by these presents:
That the county Of Hamilton, in the
State of Iowa for value received,
hereby promises to pay the bearer
the sum Of five hundred dollars law
full money of the United States OF
America on the first day of NoVem-
Der. A. d. 10. together with inter
est thereon at the rate of five and
one-half per cent per annum pay
able semi-annually on the first day
of November and May in each year,
upon presentation and surrender OF
the interest coupons hereto attach
ed, as they severally become due.
Both principal and interest OF this
bond are payable at the office OF the
treasurer of said county, in Webster
City, Iowa. This bond is one of a
series of bonds of like date. tenor
and effect, except as to denomlna-
ton and maturity, issued by the
board of supervisors of Hamilton
county, Iowa, pursuant to the pro-
visions of Chapter 6S of the Laws
of the 30th General Assembly, as
and in conformity to res
olution of said board duly adopted
on the 18th day of November, 1914,
fixing the terms and time OF pay
ment thereof, for the benefit of LEX
sell drainage district No. l54 in
said county. And it is hereby certi-
fed, reciteG and declared that the
amount of bonds issued for the bene-
fit of said district does not exceed
the benefits assessed, nor any stat
utory of constitutional limitation;
that all acts, conditions and things
necessary to be done precedent to
and in the issuing of this bond, in