Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1916-01-20

was outstanding and payable on the
first day Of September, 1915, Is now
outstanding and payable, and none OF
which indebtness was incurred for
bridge purposes or for the purchase OF
or construction Of any building; and
Whereas, all of the Indebtedness
was contracted. incurred, and allowed,
and each of said warrants was execut.
ed and issued, by order Of the board
of supervisors Of said county for pur-
poses authorized by law, and in form,
time and manner required by law;
and none of said Indebtedness was in.
Cured, and none of said warrants
were issued, in violation of sections
4O9.a ct SEQ. 423 ct seq, .429, 443, 445,
ct seq, or 2241 Of the code and the
code supplement Gas the case may bel
or of any law amendatory thereof, sub
stitutive therefor, or suppleme ntary or
additional thereto, or In violation or
any law restricting or regulating the
mourning of Indebtedness, or the issu-
ance Of warrants, or in violation OF any
law whatsoever; and
Whereas, none Of said indie btedness
or warrants has yer been adjudicated
to be invalid, and no litigation is pend
ing, prayed or threatened involving
the validity of any Of said county. and
of the entire county, and is c~hargeable
for taxation upon all the taxable prop
erty within the entire county; and
Whereas, it is deemed to the best
interest of said county to fund said
outstanding indie btedness, thus evil
denced, to the amount Of $45,600; and
all Of said Indebtedness, thus v
denced, is of such character that 1t
can legally be funded; and
Whereas, the amount, nature and
condition of Indebtedness Of said coun.
ty now Is and was on the first day OF
September 1915, including the afore-
said Indebtedness, evidenced as afore-
said, and was at the time of contract
ing and Of mourning and Of allowing
each item of said indebtedness, includ-
ing such item, and at time of the
authorization and Of the issuance OF
each of said warrants, including such
warrant, 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, charge
able with taxation (either levied or
necessary afterwards to be levied) to
pay county Indebtedness exceeding the
limit of one and o~ne-quarter per cent
UNI of the actual value of the a
property within such portion of said
county, and such that the total in
debtedness of said county does not
now, andAdid not at any Of the afore-
said times, exceed the constitutional
or statutory limitations; now therefore
Be it resolved, by the board of super
visors of the county of Wapello, in the
state of Iowa,
Section l.. That for the purpose OF
funding. the Indebtedness of said
county in the amount of $45, 500, refer
red to. and proposed to be funded in
the preamble of this resolution n
evidenced by the warrants also refer
red to in the preamble of this resolu-
ton, each of which was outstanding
and payable on the first day of Sep
TENDER, 1915, and is now outstanding
and payable; there are hereby author
lied to be issued forty-tive (45) ne
gotiable funding bonds of said county,
of one thousand dollars S1,OO0) each,
numbered c~onsecutively from thirty
900 to seventy-four ca both num-
DGIS lnClU6lVC Z, dklu ZIG ASSotAoDAS
funding bond of said county of five
hundred dollars, numbered twenty-n1ne
(29) to be dated the first day of No
vember, 1916, each bearing interest
from and after the date thereof until
paid at the rate of five per centum
Is per cent? per annum, payable semi
annually on the first days of May and
November in each year, such interest
to be evidenced 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
& Co., in the city of Davenport, state
of. Iowa, said bonds shall become due
and payable in their numerical d
as follows: T.
Bonds Nos. 20 to Al, both numbers
inclusive s12.5OO on the first day OF
November, 1882.
Bonds Nos. AZ to 81. both numbers
inclusive $4,000 on the first day OF
November, 1888.
Bonds Nos. 81 to "A both numbers
inclusive $4,000 on the first day OF
November, 1884.
Section 2. The bonds hereby author
lied snail be IN IOTLl anu lSCiIdio SUI
stantially as follows: d
(Form of Bond)
No. " ........''
United States of America
State of Iowa, County Of Wapelio
Funding Bond
The County of Wapello, in the State
of Iowa. for value received, promises
to pay to bearer
dollars. lawful money of the United
States of America, on the first day
of November. H.. together with in
terest on said sum from the date
hereof until paid, at the rate OF five
per centum per annum, payable semi
annually on the first days Of May and
November in each year, upon pre-
sentation and surrender of the in
terest hereto attached as
they sevcrally BECOME due. Both prin-
cipal and interest Of this bond are
hereby made payable at the banking
house of Geo. M. Bechtel & Co., in the
city of Davenport, state Of Iowa; and
for the prompt payment Of this bond,
both principal and interest at ma
turity, the full faith and credit OF
said county r hereby ~irrevocably
.r~l,n> -..