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


amended or Of any other provisions OF
law; and,
Whereas, None of said Indebtedness
or obligations has ever been adjudicat.
ed to be invalid and no litigation is
pending, prayed or threatened involv.
ing the validity of any of said indebted
ness, or obligations and said indebted,
ness thus evidenced by said obliga,
cation is legal, valid and binding
obligation of said county; and,
Whereas, 1t is deemed to the best in
terest of said county to fund said out
standing indebtedness, evidenced by
said obligations, outstanding on the
first day of September 1914, and now
outstanding to the amount of $4,000;
and,
Whereas. The amount, nature and
condition of the Indebtedness of said
county now u.s. and was at the time of
contracting and of mourning each item
of said Indebtedness, including such
item, and at the time of the issuance
of each of said obligations, including
such obligation, 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 neces-
sary afterwards to be levied) to pay
county Indebtedness exceeding the
/ limit OF one and one-quarter per cent
UNI of the actual value of the taxable
property within such portion of said
county, and such that the total indeb-
tedness of said county does not now,
and did not at any of the aforesaid
time, exceed the constitutional or stat
utory limitations; now therefore, Be
it resolved by the board Of supervisors
of the county of Wapello, in the state
! of Iowa.
Section 1. That for the purpose of
funding the 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
was outstanding on the first day of
September, 1914, and is now outstand-
ing ant has been called for payment
, there are hereby authorized to be is
sued thirty-fve (35), negotiable fund
ing bonds of said county of one thous-
and dollars ($1,O0O) each, numbered
consecutively from one % to thirty
five (S5), 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 (59o) per an
mum, 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. NJ. Bechtel and Company,
in the city of Davenport, state of Iowa.
Said bonds shall become due and pay
able in their numerical order as fol-
lows: Bonds Nos. to 20 inclusive $780,
900, November 1, 1928, Bonds Nos. 21
to IS inclusive $4,000, November 1,
1929.
Section 2. The bonds hereby author
lied shall be in form and recitals SUBJ
stantially as follows:
(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, 49, together with inter
est on said sum from the date hereof
until paid at the rate of five per cent
um per annum, payable semi-annually
on the first days of May and November
in each year, upon presentation and
surrender of the interest coupons here
to attached as they severally become
due Both principal and interest Of
this bond are hereby made payable at
the banking house of Geo. NJ Bechtel
and Company, in the city of Davenport,
state of Iowa; and for the prompt pay
ment of this bond both principal and
interest at maturity, the full faith and
credit Of said county are hereby ire
vocably pledged. This bond is issued
by the board of supervisors of said
county pursuant to and in strict COM
pliance with the provisions of section
400 ct sea-, Chapter 1, Title Nv of the
code of Iowa, as amended, and in con-
formity with a resolution of said board
duly passed, for the purpose of fund
ing like amount of the valid subsist-
ing Indebtedness of said county, out
:,
1914, and until the issuance of this
bond.
And it is hereby certified and recit-
ed: that all acts, conditions, and things
required by the laws and constitution
of the state of Iowa to be done preced.
ent to and in the issue of this bond,
have been properly done, happened,
and been performed in regular and due
form as required by law; that the in.
debtedness funded by the issuance OF
this bond was valid, subsisting 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 chairman of the board and attest
ed 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