Ottumwa tri-weekly courier. [volume] (Ottumwa, Iowa) 1903-1916, 1916-01-20
upon the Chairman declared said reso'
luton duly adopted, rs follows:
Resolution,

Hoool0yton.
To provide for the issuance OF coun.
" funding bonds in the sum OF $4,000
Whereas. the county Of Wapello, IN
the state Of lows, 10 = body corporate
duly organised and existing Under and
by virtue Of the laws ana constitution
Of the stats u Iowa; and
Whereas, said county has an indeb
edness in the amount OF over sos OO0
all evidenced by valid warrants, which
Indebtedness, thus evidenced, was out
standing and payable on the first day
Of January, 1916, 10 now outstanding
and payable, and none OF which In
debtedness III incurred for the pur-
chase OF any real estate OF for he ur-
chase or construction OF any building;
and
was contracted. incurred, and allowed,
and each of said wafrants were execut.
cd and issued. by order OF the boar
OF supervisors Of said county for pur-
poses authorized by law, and IN form.
time and manner required by law, ana
none OF ss.d indebtedness was incur
red, and none Of said warrants were Is
sued, in violation Of sections 4OS-a ct
SEQ 423 ct seq, 429, 440. 443. 446 ct
e d or 2241 OF the code and the code
supplement- Gas the case may be- OF
of any law ar%nendatory thereof, suDsti-
tutiye therefor. or supplementary OF
additional thereto. or in violation OF
any law restricting or regulating the
mourning Of indebtedness, or the is.
snance Of warrants, or IN violation OF
any law whatsoever; ana
whereas, None Of the said
ness or warrants has ever been adJuor
Gated to be invalid; and no
is pending. prayed. or threatened IN
volving the validity OF any OF SAID IN
debtedness or warrants: and a IN
debteaness. thus evidenced is a legal,
valid ard binding obligation OF SAID
county. and all Of said Indebtedness,
taus evidenced. is q legal. valid ana
binding obligation Of said county, anu
IS IN such form and OF such character
that it can legally be funded and
Whereas. It Is deemed to the pest
interest OF said county to fur sala
outstanding Indebtedness. thus eVl-
denced. to the amount OF S63,OOO; ana
whereas The amount. nature ana
condition OF the Indebtedness OF SAID
couptv now is and was on the first DAY
az January. 1916, including the afore-
said Indebtedness, evidenced as afore-
eaid. and was at the time OF contract
lrn and OF mourning and OF allowing
each item OF said Indebtedness. inciud-
i,p such item. and at the time. OF the
authorization and Of the issuance or
each If said warrants, including such
warrant. such that according to the
last previous state and county tax
s 9 nd Eortion of said county now IS,
~ we at any of said times, ~chargeaDle
i in taxation (either levied or neces-
sarv afterwards to be levied) to pay
ccunty indebtedness exceeding the
,i,nit of one and one-Quarter per cen.
tum al the actual value of the taxaDle
]nronarty within srch portion OF sald
tourty. and such that the total indebt-
edness Of said county does not now,
and did not at any of the aforessio
times. exceed the constitutional OF
statutory limitations; now therefore
Re It resolved by the board OF sup.
eryisors of the county OF Wapeho, Il
the state OF Iowa:
section /. That - for the purpose
of funding the indebtedness OF eaio
county in the amount OF $66,O0o feier-
red to and proposed to be funded IN tne
preamble Of this resolution M evi.
denced by the warrants also rete1red
70 n he preamble Of this resolution.
Zach Of which was outstanding q
nayable on the first day OF January,
EI9i6. and is now outstanding and Day
able there are hereby authorised to
IS issued sixty-three (63) negotiable
funding bonds OF said county, OF one
Thousand dollars Ga. 00O) each, mum.
bered co%nsecutively from one ~ to
sixty-three (63) both numbers inclu-
ave to be dated the frst day Of IAN
nary. 1916, each bearing interest from
and after the date thereof until paid
AZ the rate Of FIVE per centum (b%).
ner annum payable on the first day OF
Nav. 1916. and semi-annually there
after 81 the 1rst days Of November
and May IN each yea, such interest Z
be evidenced by negotiable coupons at.
tached to each bond; both principal
and interest payable In lawful money
Of the United States Of America. y
the banking house OF Geo. N. Becnoei
and Company, In the city OF Davenport
stats OF Iowa, said bonds shall become
due and payable in their numerical Dr.
der AZ follows:
Bonds Nos. / to II, both numbers In
elusive $l7 DUO, on tho nrst Jay VI w
vember, 1884;
Bonds Nos. 10 to Is. both numbers
inclusive. $4,000 on the frst day OF
November, 1895.
Section :. The bonds hereby author
lied shall be In form and recitais sub
stantially az follows:
(Form Of Bond).
No - $1,000
UNITED STATES OF AMERICA.
STATE OF IOWA, COUNTY OF
WAPELLO FUNDING BOND.
The county Of Wapello, In the state
81 Iowa, for value received, promises
"a nay to bearer one thousand dollars.
lawful money oil, the United States OF
America, on the first day Of Novem-
bor. 49, together with interest on
said sum nom the date hereof until
paid. 1t the rate Of I'VE per centum per
mum payable ON the hrst day Of MAY,
1916. ana semi-annually thereafter on
tha hrst days OF November and May IN