Cresco plain dealer. (Cresco, Howard County, Iowa) 1913-1945, 1915-10-15

for such or the bridges Tor winch any
of said indebtedness was incurred:
and
WHEREAS, None of said indebt-
edness was incurred for the construc-
ton of any bridge not county
charge, or for the construction Of any
bridge costing more than $4,000 per
lineal foot for superstructure, or for
the construction of any bridge, en-
tirely within the limits of said Coun-
ty, costing, including substructure, SUI
perstructure, and approaches, more
than $15,000.00, or for the construc-
ton of any bridge across a stream
which is boundary of said County,
costing including substructure, super
structure and approaches, more than
$4,000; and
WHEREAS, None Of said indebt-
edness 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, and said indebtedness is a legal
valid and binding obligation of said
County; and all of said indebtedness
is legally chargeable by taxation on
all of the taxable property within
said County; and
WHEREAS, It is deemed to the
best interest of said County to fund
said outstanding Indebtedness, out
standing on the first day Of Septem-
Der, 1915; and now outstanding to
the amount of $4,000; and
WHEREAS, The amount, nature.
and condition of said Indebtedness Of
said County now is, ana was at the
time of contracting and mourning
each item of said Indebtedness I'M
Guiding such item, such that ac-
cording to the last previous State
and County tax lists, no portion of
said County is now, or was at any Of
said times, chargeable with taxation
(either levied or necessary after
wards to be levied) to pay County in
debtedness exceeding 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, ex-
coed the Constitutional or Statutory
limitations; now, therefore
BE 1T RESOLVED, By the Board
of Supervisors of Howard County, in
the State of Iowa:
Section /. That for the purpose Of
funding the Indebtedness of said
ferred to and proposed to be funded in
the preamble of this resolution there
are hereby authorized to be issued
Thirty-nine (S9) negotiable Funding
and (S1,000) Dollars each, numbered
consecutively from one % to Thir-
ty-nine (39) both numbers inclusive.
to be dated the First day Of October,
1915, each bearing interest from and
after the date thereof until paid at
the rate of Five Is per cent? per
centum per annum, payable semi an
nually on the First day Of April and
October in each year, such interest
to be evidenced by negotiable coupons
attached to each bond; both princi-
pal and interest payable lawful
money of the United States of Amer
lea, at the Banking House of Geo. NJ.
Bechtel and Company, in the City
of Davenport, State of Iowa. Said
bonds shall become due and payable
in their numerical order as follows:
Bonds Nos. one o. to nine (9).
$4,000, both numbers inclusive, Octo-
Der l, 1920.
Bonds Nos. ten (1O) to Fourteen
90, $4,000, both numbers inclusive,
October 1, 1921.
Bonds Nos. fifteen (15) to nineteen
(19), $4,000, both numbers inclusive.
October 1, 1922
Bonds Nos. twenty (20) to twenty
four (24), $4,000 both numbers in
elusive. October 1, 1928.
Bonds Nos. twenty-five (25) to
twenty-nine (29), $4,000, both num-
bers inclusive, October 1, 1924.
Bonds Nos. thirty 600 to thirty
four (34), $4,000, both numbers in
elusive, October l, 1925.
Bonds Nos. thirty-dve (35) to thir-
ty-nine (39), $4,000, both numbers in
elusive, October /, 1926.
Section 2. The bonds hereby au-
shall be in form and recitals
as follows:
(Form of Bond)
No.... $1,000.