Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1916-02-10
day of January, 1915,

day of January. 1915,
WHEREAS, after due notice of the
intention of the Board to sell said
bonds had been given, this Board did
OH the 14th day of January, 1916 pro-
coed to sell these bonds, of which the
highest bid was found to be that of
the William r. Compton Investment
Company, offering to pay for said
signature of the bonds their par value
$4,000. accrued interest, and IN addi-
ton thereto, premium of S14S0.50
and the blank bonds ready for the
signature of the proper officials with
out cost to the county, and
WHEREAS, said offer of the william
r. Compton Investment Company
was therefore duly and regularly ae-
cepted by this Board. and
WHEREAS, in pursuance to the au-
thority duly conferred upon him oy the
board, M. Z. Mortensen, County Treas
urer of Audubon County, Iowa, duly
signed a contract with the said Will
liam r. Compton Investment Company
for and on behalf of said County, by
which the said bonds were sold to the
William r. Compton Investment Com
pduy Ou Tue lcIulS oldlcu.
NOW THEREFORE BE 1T RE-
SOLVED BY THE Board of Super
visors of Audubon County, Iowa, that
the said action of the said Mortensen
is hereby duly ratified and confirmed
in all respects and the bonds herein
before described are hereby awarded
to the said William X. Compton In
vestment Company on the terms here
inbefore stated.
STATE OF IOWA
COUNTY OF AUDUBON.
/, H. A. Northup, Auditor of Audi
bon County, Iowa, hereby certify that
the attached and foregoing is a true,
complete and correct copy of the Min
utes of the meeting of the Board of
Supervisors of Audubon County, Iowa,
in so far as they relate in any way to
the sale of $4,000. funding bonds of
said County, dated February 1, 1916
to the William r. Compton Invest
ment Company.
H. A. Northup.
Auditor, Audubon County, Iowa.
Subscribed and sworn to before me,
Clerk of the District Court, in and for
Audubon County. Iowa, this 31st day
of January, 1916.
F. M. Rice,
Clerk Of the District Court.
b. Blair e. Rice, Deputy.
Supervisor Johnson introduced the
following resolution, which was Sec
onded by Supervisor Black, and after
full discussion, unanimously adopt
ed.
| WHEREAS, on the first day of jan
uary, 1916, the outstanding indebted
ness of Audubon County, Iowa, ex-
ceeded the sum Of $4,000, and does
now exceed said sum, and
WHEREAS, on the 31st day of jan
uary, 1916, the Board of Supervis-
ors of Audubon County, Iowa provid-
for the issuance of $4,000 funding
bonds of said county, to be dated
February 1, 1915 to pear interest al
the rate of AN per cent per annum,
payable semi-annually on the first
of February and first of August OF
each year, to mature without option
of prior payment February /, 1886, to
De of a denomination of $1,000, which
bonds are to be issued under author
ity of Chapter 1 of Title of the Code
of Iowa of 1897 as amended, and
| WHEREAS, on the 31st day of jan
.
of Audubon County, Iowa,
Authority of Chapter /, of Title of
the Code of Iowa for 1897 as amend
ed, and
WHEREAS, it is deemed advisable
TO fix the place of payment of the
principal and interest of said issue OF
bonds hereinbefore authorized to be
issued, as we'll as the numbers of said
bonds and other details in regard to
said bond issue, and
WHEREAS, It Is deemed advisable
and necessary to provide for the levy
of tax sufficient to provide for the
prompt payment of the principal and
interest of said bonds as the same
mature.
NOW THEREFORE, BE 1T RE-
SOLVED by the Board of Supervisors
of Audubon County, Iowa, as follows:
Section 1. That $4,000 funding
bonds Of Audubon County, Iowa, or
dered to be executed and issued by
resolution of the Board of Supervi-
sors of said county, passed at regu.
lar session thereof held on the 31st
day of January, 1916, be numbered
consecutively from One "a to For.
ty Seven (47), both numbers inclu.
sive, OF a denomination or $1,000 each
and that the principal and semi-an.
nual interest of said bonds shall be
payable at the office of the County
Treasurer of Audubon County, Iowa
and that said issue of bonds shall mat.
ure without option of prior payment
February l, 1886.
Section 2. That said bonds shall be
executed by the Chairman of the
Board of Supervisors of Audubon
County, and attested by the County
Auditor, with the corporate seal OF
the county affixed and the coupons at
tached to said bonds represent the in
tterest to accrue thereon, shall bear
the fac-simile signature of said Coun-
lty Auditor.
Section 3. The bonds herein author
lied to be issued shall be in substan-
TALLY the following form: