The Leon reporter. (Leon, Iowa) 1887-1930, 1916-01-13

2241 Of the Code and the Code Sup
plementS, or Of any law amendatory
thereof substitute therefore, or sup
Elementary or additional thereto, or
in violation of any law restricting or
regulating the mourning of indebted
ness or the issuance Of warrants; or
in violation Of any law whatsoever;
and
WHEREAS, An appropriation was
duly made by the Board of Supervis-
CTS Ct said county, in strict compli-
ance with Section 424 of the Code of
Iowa, for each of the bridges and
roads for which any of said indebted
ness was incurred and any OF said
warrants were issued; and
WHEREAS, None of said indebted
ness was incurred, and none of said
warrants were issued, for the con-
struction of any bridge not a county
charge or for the construction of any
| bridge costing more than $40 per
lineal foot for superstructure, or for
| the construction of any one bridge,
entirely within the said county, cost
ing, including substructure, super
structure, and approaches, more than
! $25, 900; or for the construction of
any one bridge across a stream which
is boundary of said county, costing
including substructure, superstruc-
ture, and approaches, more than
$4,000; and
WHEREAS, None of said indebt-
edness or warrants has ever been ad-
Indicated to be invalid; and no liti-
cation is pending, prayed, or threat
ened involving the validity of any Of
Il I~1 +nI, TO- V6
said Indebtedness thus evidenced, is
a legal, valid, and binding obligation
of said county and of the entire coun-
! ty, and is chargeable by law for taxa
| ton upon all the taxable property
| within said county; and all OF said
Indebtedness thus evidenced is in
such form and of such character that
it can legally be funded; and
WHEREAS, 1t is deemed to the
best interest Of said county to fund
said outstanding Indebtedness, thus
evidenced, to the amount of $50, 900;
| and
WHEREAS, The amount, nature,
and condition of the Indebtedness OF
said county now is and was on the
! first day of January, 1916, including
| the aforesaid Indebtedness, evidenc-
ed as aforesaid, and was at the time
of contracting and Of mourning and
of allowing each item of said indebt-
edness, including such item, and at
| the time Of authorization and OF the
issuance of each of said warrants, in
| Guiding such warrant, such that, ac-
! cording to the last previous state and
county tax lists, no portion of said
county now is, 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,
exceed the constitutional or statutory
limitations; now therefore
| Be is resolved by the board of
supervisors of the county of Decatur,
in the State of Iowa:
Section /. That-for the purpose
of funding the bridge and road in
debtedness of said county in the
amount Of $30,00O.O0, referred to
and proposed to be funded in the
preamble of this resolution, and evil
denced by the warrants also referred
to in the preamble of this resolution,
each of which was outstanding and
payable on the first day Of January,
1916, and is now outstanding and
payable-there are hereby authoriz-
ed to be issued thirty 600 negotiable
funding bonds of said county Of ONE
T>LJNIICtND moi LARS Isl 000)
each, numbered consecutively from
one "a to thirty (3O), both numbers
inclusive, to be dated the first day Of
January, 1916, each bearing interest
from and after the date thereof until
paid, at the rate of five per centum
(5%) per annum, payable seml-an-
nually on the first days OF January
and July in each year, such interest
to be evidenced by negotiable cou-
pons attached to each bond; both
principal and interest payable in law
full money of the United States of
America, at the banking house OF
Geo. NJ Bechtel & Company, in the
City of Davenport, State of Iowa.
Said bonds shall become due and
payable in their numerical order as
! follows:
Bonds Nos. / to 10, both numbers
inclusive, 100000, on the first
day Of January, 1926;
Bonds Nos. II to 20, both numbers
inclusive, $10,000.O0, on the first
day of January, 1927;
Bonds Nos. 21 to 80, both numbers
inclusive, $1O,OOO.0O, on the first
day of January 1928.
Section 2. The bonds hereby
authorized shall be in form and re-
citals substantially as follows:
(Form of Bond)
No. 80. $1,000.
/ UNITED STATES OF AMERICA,
State of Iowa, County Of Decatur,
FUNDING BOND.
The County of Decatur, in the
State of Iowa, Cor value received,
promises to pay to bearer ONE
THOUSAND DOLLARS, lawful mon
ey of the United States of America,
on the first day of January, 49,. :, to-
gether with interest on said sum from
the date hereof until paid, at the rate
of five per centum per annum, pay
able semiannually on the first days of