Evening times-Republican. [volume] (Marshalltown, Iowa) 1890-1923, 1917-02-06
COUNTY AFFAIRS.
Proceeding Of the Board Of supervi-
sors in the Matter Of the Sale OF
bridoe Bonds.

SorS in the Matter OF tne od'e "
bridge Bonds.
Marshalltown, Jan. 3. 1877.
The board Of supervisors or the couh-
ty Of Marshall, in the state or iowa.
met in regular session, pursuant "
law, to the rules of said board, ana u
adjournment. The meeting was caiieu
to order by the chairman, and the ron
being called, there were
Present, c. r. Lynch, chairman, IN
the chair, and the following named SUI
pervisors: w. A. Nichols and W. H.
Jones. Absent, none.
Supervisor w. II. Jones introduced
and read the resolution next herelnai'-
er set out, and moved it's adoption
seconded by w. A. Nichols; ana alter
due consideration thereof by the boaru'
the chairman put the question upon
the adoption OF said resolution, ana the
roll being called, the following nameu
Supervisors voted ave., c. X. Lynch'
". A. Nichols, w. H. Jones Nays
none. Whereupon the chairman oe-
clared said resolution duly adopted as
follows:
Resolution.
To provide for the issuance OF So5'ooo
funding bonds.
Whereas, The county of Marshall in
the state of Iowa is body corporate
duly organized and existing under ana
by virtue of the laws and constitution
of the state Of Iowa: and said county
has population exceeding h1teeh
thousand Q5,00O; and
Whereas Said county has an indeot-
edness all incurred for bridge purposes
in the amount of over sixty three
thousand dollars (s6S,000), all evidenc-
ed by valid warrants; all OF when IN
debtedness thus evidenced, now is, ana
was on the 1st day of January, 1915
outstanding and payable; and
Whereas, All Of the Indebtedness was
contracted, incurred, and allowed, ana
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 indebtedness was contracted,
incurred, or allowed, and none of SAID
warrants were authorized or issued, IN
violation of Sections 4O9-a Ell
seq, 423 ct seq. 429, 44o
443, 446, ct sea-, All, or 2241 OF the
Code Of Iowa and Code Supplements or
of any law amendatory Thereof. or SUD-
stitutive therefor, or supplementary or
additional thereto, or in violation OF
any law forbidding, restricting, or reg
ulating the mourning of Indebtedness
or the issuance Of warrants, or in Vlo-
lation of any law whatsoever: and
Whereas, An appropriation was duly
made by the board of supervisors OF
said county in strict compliance with
Section 424 of the Code of Iowa, for
each of the bridges for which any of
said Indebtedness was incurred; and
none Of said Indebtedness was incur
red for the construction of any bridge
not a county charge, or for the con-
struction Of any bridge costing more
than $40 per lineal foot for super
structure or for the construction of
any one bridge entirely within said
county costing, including the SUBJ
structure superstructure. and APP
proaches, more than $4,000, or for the
construction of any one bridge across
a stream which is a boundary of said
county costing, including sub struct-
ure, superstructure and approaches,
more than $4,000; and
Whereas, None of said Indebtedness
or warrants has ever been adjudicated
to be invalid; and no controversy or
litigation is pending, prayed, or threat
ened involving the validity of any of
said Indebtedness or warrants: and
said indebtedness thus evidenced is
legal, valid and binding obligation Of
said county: and all of said indebted
ness thus evidenced is in such form
and of such character that it can le-
gally be funded and
Whereas, 1t is deemed to the best in
terest of said county to fund said out
standing Indebtedness, thus evidenced,
to the amount Of sixty-three thousand
dollars (s63,0OO); and
Whereas, The amount, nature, and
condition of the Indebtedness Of said
county now is, and was on the first day
Of January, 1917, including the afore-
said Indebtedness evidenced as afore-
said. and was at the time Of the con-
tracing and Of the mourning and of
the allowing Of each item Of said in
debtedness, including such item. and
at the time of the authorization and of
the issuance and of the presentation Of
each Of said warrants, including such
warrant, such that according to the
no portion of said county now is. or
was at any Of said times, chargeable
with taxation (either levied or necessa-
ry afterwards to be levied) to pay
county Indebtedness exceeding the linn
it of IN per cent 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 conStitu
tional or statutory limitations: now
therefore
Be it resolved by the board Of super
visors of the county Of Marshall, in the
state Of Iowa:
Section THAT for the purpose Of
funding the bridge Indebtedness Of
said county in the amount Of sixty
three thousand dollars ($6S,000) refer
red 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, 1917, and
is now outstanding and payable
there are hereby authorized to be is
sued sixty three (63) negotiable fund
ing bonds Of said county Of one thous-
and dollars ($1,000) each, numbered
from one "a to sixty
three (63) both numbers inclusive, to
be dated the second day Of January,
1917, each bearing interest from and
after the date thereof until paid, at the
rate of four and one quarter per centum