The Leon reporter. (Leon, Iowa) 1887-1930, 1915-09-30

ter city; and
Whereas, Said county now has an
Indebtedness in the amount of over
10000, all evidenced by valid
warrants; which, thus evidenced,
was outstanding on the first day of
September, 1915, is now outstand-
ing, and is now payable; and
Whereas, All of said Indebtedness
was contracted, incurred and allow
ed, and each of said warrants was
executed and issued, by order of the
board of supervisors of said county
for purposes authorized by law and
in form, time, and manner required
by law; and none of said indebted
ness was incurred, or warrants is
sued, in contravention of sections
423 ct sea-, 429, 44O, 443, or AS
ct seq. of the Code of Iowa, as
amended, or in violation of any law
restricting the mourning of indebt-
edness or the issuance of warrants;
and
Whereas, None of said indebted
ness was incurred, and none OF said
warrants were issued, for road or
highway purposes, or for the pur-
chase of real estate costing more
than 100000, or for the purpose
of construction of any building cost.
ing more than $5,OOO.0O; and
Whereas, An appropriation was
duly made by the board of supervis-
ors of said county in strict compli-
ance with section 424 of the Code Of
Iowa, for each of the bridges for
which any of said Indebtedness was
incurred or warrants issued; and
Whereas, None. of said indebted
ness was incurred, and none OF said
warrants was issued, for the con-
struction of any bridge not a 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,
entirely within said county, costing,
including substructure, superstruc-
ture, and approaches, more than
$25 100000, or for the construction
of any bridge across stream which
Is a boundary of said county, cost
ing, including substructure, super
structure and approaches, more
than $40 900; and
Whereas, None of said indebted
ness or warrants has ever been adj
juducated to be invalid; and no lit
igation is pending, prayed, or threat
ened involving the validity of any OF
said Indebtedness or warrants; and
said Indebtedness, thus evidenced is
a legal, valid, binding and general
obligation of said county, and of the
entire county, chargeable upon all
the taxable property therein; and
Whereas, 1t is deemed to the
best interest of said county to fund
said outstanding Indebtedness, thus
evidenced. to the amount of $751;
10000; and all of said Indebtedness,
thus evidenced, is of such character
that it can legally be funded; and
Whereas, The amount, nature, and
condition of the Indebtedness OF
said county now is and was on the
first day of September, 1915, includ-
ing the aforesaid Indebtedness, evil
denced as aforesaid, and was at the
time of contracting and of mourning
each item of said Indebtedness, in
Guiding such item, and at the time
Of issuance of each of said warrants,
including such warrant, such that &C
cording to the last previous state and
county tax lists no portion of said
county now is, or was at any OF
said times, chargeablc with taxation
(either levied or necessary after
wards to be levicd) to pay county
Indebtedness exceeding the limit of
one and one-quarter percentum of
the actual value of the taxable prop
erty within said portion of said
and such that the total in
of said county does not
now, and did not at. any of the
aforesaid times, exceed the consti-
tutional or statutory limitations;
now therefore
Be it, resolved, by the board of
of the county of Deca-
tur, in the State of Iowa:
Section l. That, for the purpose
of funding the indebtedness of said
county in the amount of $13,5OO.
referred to and proposed to be fund
ed in the preamble of this resolution,
and evidenced by the warrants also
referred to in the preamble of this
r0SOluLlOu, JuCIc dIc uC1SUy AuSAOA
lied to be issued twenty-seven (27)
negotiable funding bonds of said
county of five hundred dollars
($5O0) each numbered consecutive
ly from one a. to twenty-seven
CD, both numbers inclusive, to be
dated the first day of September
1915, each bearing interest from and
after the date thereof until paid al
the rate of five percentum 6 20 pei
annum, payable semi-annually on the
first day of March and September in
each year, such interest to be evil
denced by negotiable coupons attach.
ed 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 Company, in the City of Daven:
port, State of Iowa. Said bonds shall
become due and payable in Their
numerical order as follows:
Bonds Nos. to $3,5O0.OO both
numhors inc1uSiye SeDtember j