Decorah public opinion. (Decorah, Winneshiek County [Iowa]) 1895-1928, 1917-01-17

SlaHutnB against ~ an
all incurred for bridge purposes in the
amount of over Seventy five thousand
Dollars ($75,000) all evidenced by val
id warrants, each issued in pursuance
of Section All of the Code of Iowa; all
of which Indebtedness, thus evidenced,
now is, and was on the first day of
January, 1917 outstanding. payable,
and due; and,
WHEREAS, All of the indie btedness
was contracted, incurred, and allowed,
and each of said warrants was eXecut-
ed and issued by order of the Board of
Supervisors of said County for purpos-
es 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 was authorized or issued, in
violation of Section 409-a ct seq, 423
ct seq, f29, 440, 443, 446 ct seq, or
2241 of the Code of Iowa and Code
Supplements or of any law amendatory
thereof, or substantive. thereof, or sup
Elementary or additional thereto. or in
violation of any law forbidding, re-
strictinE, or regulating the mourning
Of Indebtedness or the issuance of war
rants. or in violation of any law what
SOeVer 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
for the construction OF any bridge not
a county charge, or for the construc-
ton of any one bridge costing more
than $4,000 per lineal foot for the SUI
perstructure, or for the construction of
any one bridge entirely within said
County costing, including the substitute
ture, Superstructure. and approaches,
more than $4,000, or for the construc-
ton of any one bridge across stream
which is a boundary of said County
costing, including substructure, super
structure, and approaches, more than
$4,000; and
ness or warrants has ever been adju-
dictated to be invalid and no controver-
sy or litigation is pending, prayed, or
threatened involving the validity of
rants; and said indie btedness thus
evidenced Is legal, valid, and
binding obligation of said County,
and of the entire County, and chargeable
by law for taxation upon all the tax
able property therein; and all of said
indebtedness thus evidenced is in such
form and of such character that it can
be legally funded land funded as here
matter provided); and
WHEREAS, 1t is deemed of the best
interest of said County to fund said
outstanding Indebtedness, thus evil
denced. to the amount of Seventy five
Thousand Dollars $75,000); 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
aforesaid Indebtedness evidenced 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 authorization and of
the issuance and of the presentation
of each of said warrants. including
such warrant, such that according 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 neces-
sary afterwards to be levied) To pay
County Indebtedness exceeding the linn
II of one and one-quarter per centum
of the actual value of the taxable pro-
perty within such portion of said Coun-
ty. and such that the total Indebtedness
of said County does not now and did
not at any of the aforesaid times, ex-
coed the Constitutional or Statutory
limitations: now therefore
Be 1t Resolved, by the Board of Su-
pervisors of Winneshiell County. in the
State of Iowa; Section /. That for
the purpose of funding the bridge in
debtedness of said County in the am
cunt of Seventy-five Thousand Dollars
10000 referred to and proposed to
be funded in the preamble of this reso-
luton and evidenced by the warrants
also referred to in the preamble of this
resolution. and each of which now is
anu w Do OEl tue It lISL udy VI y,
1917, outstanding. payable and DUE
there are hereby authorized to be is
sued Seventy-five (75) negotiable Fund
Bonds of said County, of One Thousand
Dollars (S1,OO0) each, numbered con-
secutively from One % to Seventy
five (75), 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 cent
UNI (4A 90 per annum. payable semi-an
nually on the First days of July and
January in each year. such interest to
be evidenced by negotiable coupons at
tached to each bond: both principal and
interest payable in lawful money of the
United States of America, at the office
of the County Treasurer, in the City
of DEBORAH, State of Iowa. Said Bonds
shall become due and payable in their
numerical order as follows:
Bonds Nos. / to Is, both numbers in
elusive. SIS, 900, on the first day of jan
uary. 1884;
Bonds Nos. 16 to 81. both numbers in
elusive, $4,000. on the First Day Of
January, 1885;
Bonds Nos. 80 to SIS, both inclusive
$4,000. on the First day of January
1896;
Bonds Nos Sc to rs, both numbers in
elusive, $4,000, on the First day of
January, 1897.
Section 2. The bonds hereby author
(Form of Bond)
No.. 1000
UNITED STATES OF AMERICA
STATE OF IA. co. OF WINNESHIEK
FUNDING BOND
The County of Winneshiek, in the
State of Iowa, for value received prom
Uses to pay to bearer ONE THOUSAND
DOLLARS, lawful money of the United
States of America, on the First day of
January, b.. together with interest
on said sum from the date hereof UNI
til paid, at the rate of Four and One
quarter per centumS per annum, payable
semi annually on the First days of July
and January in each year, upon pre-
Sentation and surrender of the interest
coupons hereto attached as they sever
ally become due. Both principal and in
terest of this bond are hereby made
payable at the office of the County
Treasurer in the City of DEBORAH, State
of Iowa, and for the prompt payment
of this bond, both principal and inter-
est at ma turity. the full faith and cred
ii of said County are hereby irrevoca-
bly, pledged.
This Bond is issued by the Board of
Supervisors of said County pursuant
TO and in strict compliance with the
provisions of Sections 403 ct seq,
Chapter l, Title ", of the Code of
Iowa, as amended, and in conformity
with resolution of said Board, duly
passed, for the purpose of funding
like amount of the valid, Subsisting
indie btedness of said County, outstand-
ing on the First day of January, 1917.
and until the issuance of this bond