Cresco plain dealer. (Cresco, Howard County, Iowa) 1913-1945, 1917-01-26

none of said warrants were issued,
for the construction of any bridge not
County charge, or for the construc-
ton of any bridge costing more than
$4,000 per lineal foot for superstruc-
ture, or for the construction of any
bridge entirely within said County,
costing, including substructure, SUI
perstructure, and approaches, more
than Fifteen Thousand ($15,00O.OO)
Dollars, or for the construction of
any bridge across a stream which is
a boundary of said County costing, in
Guiding substructure, superstructure,
and approaches, more than Fifteen
Thousand 100000 Dollars; and
WHEREAS, None of said indebted
ness or warrants has ever been adjudi-
Gated to be invalid; and no litigation
is pending, prayed or threatened in
volving the validity of any of said in
debtedness or warrants; and said in
debtedness, thus evidenced, is legal,
valid, and binding obligation of said
County; and all of said indebtedness,
is in such form and of such charac-
ter that it can legally be founded;
and
WHEREAS, 1t is deemed to the
best interests of said County to fund
said outstanding indebtedness, thus
evidenced, to the amount of Thirty
four Thousand Five Hundred 1884,
100000 Dollars; and
WHEREAS, The amount, nature,
and condition of the Indebtedness Of
said County now is and was on the
First day of January, 1917, includ-
ing the aforesaid Indebtedness, evil
denced as aforesaid. and was at the
time of the contracting and of the
mourning and of the allowing of each
item of said indebtedness, including
such item, and at the time of the au-
thorization and of the issuance and
of the presentation of each Of said
warrants, including such warrant
such that according to the last pre-
vious State and County tax lists nc
portion of said county now is, or was
at any of the said times, chargeable
with taxation (either levied or neces.
sary afterwards to be levied) to pay
County indebtedness exceeding the
limit of one and one-Quarter per CEN
tum of actual value of the taxable
property within such portion of said
County, and such that the total in
debtedness of said County does not
now, and did not at any of the afore.
said time, exceed the Constitutional or
Statutory limitations; now therefore
BE 1T RESOLVED, by the Board
of Supervisors of the County of How
ard, in the State of Iowa:
Section /. That for the purpose OF
funding the Indebtedness of said
County in the amount of Thirty-foul
Thousand Five Hundred 1884 100000
Dollars, referred to and proposed tt
be funded in the preamble of this res.
olution, and evidenced by the war.
rants also referred to in the pream.
BILE of this resolution-there are here.
by authorized to be issued thirty-fou1
| (34) negotiable Funding Bonds OF
said County, of One Thousand ($1,-
OO0) Dollars each, numbered con-
secutively from One Q) to Thirty
four (34), both numbers inclusive
and One Q) negotiable Funding Bond
OF said County, of Five Hundred
! ($5O0OO) Dollars, numbered Thirty
five (35), all of said bonds Of both
denominations to be dated the Sec
ord day of January, 1917, each bear
ing interest from and after the date
thereof until paid, at the rate of Four
per centum "a per cent? per annum,
payable on the First day of April,
1917, and semi-annually thereafter on
the First days of October and April
in each year, such interest to be evil
denced by negotiable coupons at
tached to each bond; both principal
and interest payable in lawful money
of the United States of America, at
the Banking House of George M.
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 8, both numbers in
elusive, $4,000, on the First day of
October, 1927; Bonds Nos. 9 to 16,
both numbers inclusive, $4,000, on
First day of October, 1928; Bonds
Nos. II to rs, both numbers inclu-
sive, $4,000, on First day of October,
1929; Bonds Nos. 26 to IS, both num-
bers inclusive, $4,000, on First day OF
October, 1880.
Section 2. The bonds hereby au-
thorized shall be in form and recitals
substantially as follows:
(Form of Bond)
UNITED STATES OF AMERICA
STATE OF IOWA, COUNTY OF