Audubon Republican. [volume] (Audubon, Iowa) 1894-1925, 1918-02-14

named supervisors voted: All Miller.
aye; j. H. Maharg, aye; Soren Mad
sen, aye; nays, none. Whereupon
the chairman declared the resolution
adopted, as follows:
RESOLUTION to provide for the
issuance of 100000 of Funding
Bonds
WHEREAS, the County of Audu-
corporate, duly organized and ex-
listing under and by virtue of the
laws and constitution of the State
of Iowa; and said county has pop
ulation exceeding 10000; and there
is not located within said county any
city of the second class with pop
ulation of five thousand or over
which is traversed by stream two
hundred feet in width from shore
line to shoreline, or any city of the
first class, or any special charter
city; and
WHEREAS, said county now has
an Indebtedness in the amount of
$40. 100000 all evidenced by valid
warrants. each issued in pursuance
of section All of the Code of Iowa.
all of which Indebtedness thus ev-
idenced. was, on the first day of
January, 1918, and now is, outstand-
ing, payable and due; and
WHEREAS, all of said indebted
ness was contracted. incurred and
allowed, and 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 incurred, and none
of said warrants were issued in vi
! olation of section 409-A ct seq. 423
ey So, 429. 440. 443, 446 ct seq, or
2241 of the Code of Iowa, and the
Code Supplements, or of any law
amendatory thereof or substitutive
therefor or supplemental or addition
al thereto, or in violation of any law
forbidding. restricting or regulating
| the contracting or mourning of in
debtedness or the issuance OF war
rants, or in violation of any law
whatsoever; and
WHEREAS, None of said indebt-
edness was incurred, and none of
said warrants were issued for the
purchase of any real estate or for
the purchase or construction of any
buildings: and
WHEREAS, An appropriation was
duly made by the Board of Super
visors of said county in strict COM
pliance 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 warrants
were issued for the construction of
any bridge not county charge or
for the construction of any bridge
costing more than $4,000 per lineal
foot for superstructure, or for the
construction of any bridge entirely
within said county, costing, includ-
ing substructure, superstructure and
approaches, more than 100000;
or for the construction of any bridge
across a stream which is boundary
of said county. costing, including
substructure, superstructure and ap
proaches. more than S15,OOO.0O; and
WHEREAS, None of said indebt-
ledness or warrants has ever been adj
Indicated to be invalid and no lit
iigation is pending, prayed or threat
ened involving the validity of any
of said Indebtedness or warrants
and said Indebtedness thus evidenced
lis a legal, valid, binding and general
obligation of said county, and of the
entire county, and is all chargeable
by law for taxation upon all taxable
property therein; and all of said in
debtedness thus evidenced is in such
form and of such character, that il
can legally be funded; and
WHEREAS. 1t is deemed TO the
best interest of said county to fund
outstanding Indebtedness thus evil
denced to the amount of $40, 100000;
and
WHEREAS. The amount, nature
and condition of Indebtedness of said
county now is. and was on the First
day of January, 1918. 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 author
ization and of the issuance and of
the presentation of each of said war
rants, including such warrant. such
that according to the last previous
State and County tax lists. no por-
ton of said county now is, or was at
any of said times. chargeable with
taxation (either levied or nc airy
afterwards to be levied) to pay coun-
ty Indebtedness exceeding the lin
of one and one quarter per centu i
of the actual value of the taxable
property within such portion of said
county and such that the total ina
debtedness of said county does not
now, and did not at any of the afore-
said times. exceed the Constitutional
or Statutory limitations now there
fore.
Be it Resolved, by the Board of
Supervisors of the County of Audi
bon in the State of Iowa:
Section 1 That for the purpose
of funding the Indebtedness of said
county in the amount of $40 100000,
referred to and proposed to be fund
ed in the preamble of this resolution
and evidenced by the warrants also
referred to in the preamble of this
resolution, there are hereby author
lied to be issued Forty (40) nego-
table Funding bonds of said County
of ne Thousand Dollars each, num-
bered consecutively from One % to
Forty (40). both numbers inclusive.
to be dated the first day of February,
1918, each bearing interest from and
after the date thereof until paid at
the rate of five per centum Is per
cent? per annum, payable semi-an-
nualy on the First days of February
and August in each year, and interest
paid in lawful money of the United
States of America. at the office of
the County Treasurer of Audubon,
Iowa Said bonds shall become due