Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1918-09-12

y -. q .s-
tract for the aforesaid Fire Equip
meilt, said City has It no time here
to fore contracted or incurred any
obligation payable from the taxes
authorized by Section 716-a et SEQ.
Of the Supplement to the Code Of
Iowa, 1913, as amended and has at
no time done anything to prevent
the collection and application Of such
taxes (either for the current
year or for any future year)
as hereinafter provided; and
said taxes are entirely free for APP
plication as provided in this Ordin-
ance; it is therefore
! ORDAINED, By the City. Council
of the City of Missouri Valley, Iowa:
Section |. That in pursuance Of
Section 716-a ct seq. Of the supple
ment to the Code, 1913, as amended,
there shall be and there is hereby
levied, and there shall be assessed
and collected, a direct tax Of one and
one-half (11a) mills on the dollar up
on all taxable property within said
City for the year 1918, for collection
during the year 1919 (and all action
already taken by the Council to that
end is hereby reaffirmed) and dir
Iect annual tax of one and one-half
i(11s) mills on the dollar upon all the
taxable property within said City for
the year 1919 for collection during
the year 1920, and direct annual tax
of one and one-half (11a) mills on
the dollar upon all the taxable prop
erty within said City for
each of the eight (s) next succeeding
consecutive years beginning with
the levies of the year 1920 for col
lection during the year 1921, and
ending with the levies Of the year
1927 for collection during the. year
1929
Section 2. Said taxes shall be col
lected each year in the same time and
manner, as, and with, and in addi-
ton to all other taxes in and for
said City, and when so collected shall
be converted into a fund to be known
as the "Fire Equipment Fund.-" which
lis hereby pledged for and shall. be
used only for the payment of the
principal and interest of the bonds
hereinafter authorized to be issued,
and in said fund thus pledged there
shall be included annually all sums
which may be legally included under
the apportionment of millage tax
provided for by Section of Chapter
63 Of the Laws of the 34th General
Assembly of Iowa.
Section 8. In anticipation of the
collection of the aforesaid taxes
there are hereby authorized to be
issued Thirteen (13) negotiable Fire
Fund Bonds of said City, numbered
consecutively from one az to Thir-
teen (l3), both numbers inclusive, Of
which bonds numbers to 10 inclus-
i've shall be in the denomination of
$500 each and bond numbers 1 and
II shall be in the denomination Of
500 each. Said bonds shall be
dated the First day of August, 1918,
and shall bear interest from and
after the date thereof until paid at
the rate of Five and one-half per
centum (5A per cent? per annum,
payable semi-annually on the First
days of May and November in each
year, such interest to be evidenced
by negotiable coupons attached to
each bond: both principal and inter-
est payable in lawful money of the
United States of America, at the
Banking House of Geo. M. Bechtel
& Company, in the City Of Davenport,
State of Iowa. Said bonds shall be-
come due and payable in their num-
erical order as follows:
Bonds Nos. 1 and 2, 5000, on the
First day of November, 1919,
Bond No. 3, $500, on the First day
of November, 1920.
Bond No. a, $500, on the First day
of November, 1921.
Bond No. 5, $500, on the First day
of November, 1922.
Bond No. 6, $500, on the First day
of November, 1923.
Bond No. z, $500, on. the First day
of November, 1924.
Bond No. 8, $500, on the First day
of November, 1926.
Bonds Nos. 9 and 10, $1,000, on
the First day Of November, 1926.
Bond No. II, $500, on the First
day Of November, 1927.
Bonds Nos. IL and 10, $1,000, on
the First day of May, 1928.
Section 4. The bonds hereby au
thorized shall be in form substan-
TALLY as follows:
(Form of Bond.)