Webster City freeman. [volume] (Webster City, Hamilton County, Iowa) 1884-1946, 1914-12-29

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 ir
the sum of $3,O3S.OO for the benefit
of Classon drainage district No. 1852
Said issue shall consist of l bono
of the denomination of $69S and 4
bonds of the denomination Of 5000
each to be numbered consecutively
from ! upward, dated December 1st
| 1914, and shall mature as follows:
$500 due and payable on December
LIST, 1917; 5000 due and payable on
December LIST, 1918; $500 due and
payable on December LIST, 1919;
5000 due and payable on December
1st, 1920, and $63S due and payable
on December 1st, 1921.
Said bonds shall bear interest at
the rate of six per cent per annum,
payable semi-annually on the first
day of December and June of each
year, the several installments of in
terest to be evidenced by coupons
attached to said bonds, and both
principal and interest shall be pay
able 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 supervis-
ors and attested by the county audi
tor, 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 matur-
ity and when executed and register
ed 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 six hundred dollars law
full money of the United States Of
America on the first day Of Decem-
Der A. d. 49,. together with inter-
est thereon at the rate of of six per
cent per annum payable semi-anl
nually on the first day of June and
December in each year, upon presen-
tation and surrender Of the inter-
est coupons hereto attached, as they
severally become due. Both princl-
pal and interest of this bond are
payable at the Office of the treasurer
of said county, in Webster City, la.
This bond is one of a series of bonds
of like date, tenor and effect, except
as to denomination and maturity,
issued by the board of supervisors
of Hamilton county, Iowa, pursuant
to the provisions of Chapter 6S of
the Laws of the 39th General AS
sembly, as amended, and in con-
formity to a resolution of said board
duly adopted on the 18th day OF
November, 1914, fixing the terms
and time of payment thereof, for the
benefit of Classon drainage district
No. 1852 in said county. And it is
hereby certified, recited and declar-
ed that the amount of bonds issued
for the benefit of said district does
not exceed the benefits assessed, nor
any statutory unconstitutional limi-
tation: that all acts, conditions and
things necessary to be done preced-
ent to and in the issuing of this
bond, in order to make 1t legal,
valid and binding obligation, have
been performed, have happened and
have been properly done, in regular
and due form, as required by law,
and that the faith of said county is
irrevocably pledged to assess. levy
and collect the taxes necessary on
the lands benefited for the prompt
payment of both principal and in
terest hereof at maturity.
In testimony whereof, said coun-
ty, by it's board of supervisors has
caused this bond to be signed by
the chairman of the board and at
tested by the county auditor, with
the county seal attached and the in