Webster City freeman. [volume] (Webster City, Hamilton County, Iowa) 1884-1946, 1918-02-18

according to the last previous State
and County tax lists, no portion OF
said County, now is, or was at any
of said time, chargeable with tax
alton (either levied or necessary
afterwards to be levied to pay
County indebtedness 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 Con-
| stitutional or Statutory limitations;
now therefore
Be it Resolved, by the Board of
| Supervisors of the County of Hamil-
ton, in the State of Iowa:
Section /. That-for the purpose
of funding the Indebtedness of said
County in the amount Of Sixty
| Thousand Dollars ($60,000) referred
to and proposed to be funded in the
preamble of this resolution, and
evidenced by the warrants also re-
ferred to in the preamble of this
resolution,-there are hereby author
lied to be issued Sixty COO negoti-
able Funding Bonds of said County
of One Thousand Dollars ($1,000
each, numbered consecutively from
one Cd to (60), both numbers in
elusive; said bonds to be dated the
Second day of January, 1918, each
bearing interest from and after the
date thereof until paid, at the rate
of Five per centum $50, payable on
the First day Of July, 1918, and
semi-annually thereafter on the First
days of January and July in each
year, such interest to be evidenced
by negotiable coupons attached to
each bond; both principal and in
terest payable in lawful money of the
United States of America, at the Of
flee of the County Treasurer, in the
City of Webster City, State of Iowa.
Said bonds shall become due and
payable on the First day Of January,
1922.
Section 2. The bonds hereby
authorized shall be in form and
recitals substantially as follows:
No.. ..... $1,000.
(Form of Bond
UNITED STATES OF AMERICA,
STATE OF IOWA, COUNTY OF
HAMILTON,
FUNDING BOND.
The County of Hamilton, in the
State of Iowa, for value received,
promises to pay to bearer One Thous-
and Dollars, lawful money of the
United States of America, on the
First day Of January. 1922, to-
gether with Interest on said sum
from the date hereof until paid at
the rate of Five per centum per
annum, payable on July /, 1918 and
semi-annually thereafter on the
First day of January and July in
each year, upon presentation and
surrender of the interest coupons
hereto attached as they severally be-
come due. Both principal and in
terest of this bond are hereby made
payable at the Office Of the County
Treasurer, Webster City, Iowa, and
for the prompt payment of this bond,
both principal and interest at ma
turity, the full faith and credit of
said County are hereby irrevocably
pledged.
This Bond is issued by the Board
of Supervisors of said County, pur-
suant to and in strict compliance
with the provisions of Sections 4O3
ct seq, Chapter l, Title w of the
Code of Iowa, as amended, and in
conformity with a resolution of said
Board, duly passed, for the purpose
of funding a like amount Of valid,
subsisting indebtedness of said Coun-
ty, outstanding on the First day OF
January, 1918, and until the issuance
of this bond.
And it is Hereby Certified and
Recited: That all acts, conditions
and things required by the laws and
Constitution of the State of Iowa, to
be done precedent to and in the
issue of this bond, have been proper
ly done, happened and been per-
formed in regular and due form as
required by law; that the indebted
ness funded by the issuance Of this
| bond was valid, subsisting and
legal Indebtedness of said County
| and that the total indebtedness OF