Webster City freeman. [volume] (Webster City, Hamilton County, Iowa) 1884-1946, 1919-01-20

was incurred, and none of said war
rants were issued for the purchase OF
|any real estate, or for the purchase or
construction of any building and
Whereas, An appropriation was duly
made by the board of supervisors cf
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, or
warrants issued and none of said in
debtedness was incurred, and none of
said warrants were issued for the con-
structon of any bridge not a county
charge, or for the construction OF any
bridge costing more than $4,000 per
meal foot per superstructure, or for
the construction OF any bridge entirely
within said county costing, including
substructure, superstructure and APP
proaches, more than $4,000; or for the
constructor of any bridge across a
stream which is boundary Of said
county costing, including substructure,
superstructure and approaches, more
than $4,000; and
Whereas, None of said Indebtedness
or warrants have ever been adjud;cared
to be invalid; and no litigation is pend
ing, prayed or threatened involving
the validity of any Of said Indebtedness
or warrants and said Indebtedness,
thus evidenced, is legal, valid and
binding obligation of said county; and
all Of said Indebtedness, thus evidenc-
ed, is in such form and of such charac-
ter that it can be legally funded land
in the manner hereinafter provided) /;
and
Whereas, 1t is deemed to the best in
terests of said county to fund said, out
standing Indebtedness, thus evidenced,
to the amount of Sixty-fve Thousand
Dollars ($65, OOO) and
Whereas, The amount, nature and
condition Of the Indebtedness of said
county now is, and was on the First
day Of January, 1919, 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 presenta-
ton of each of said warrants, includ-
ing such warrants, such that accord
ing 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 necessary after
wards to he levied) to pay county I'M
Edebtedness 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 time of the aforesaid
times, exceed the Constitutional or
Statutory limitations; now therefore
X Be 1t Resolved, by the Board OF
Supervisors OF the County Of Hamil-
ton, in the State of Iowa:
Section 1. That-for The purpose
of funding the Indebtedness Of said
county in the amount Of Sixty-five
Thousand Dollars ($65,0OO), referred
to and proposed to be funded in the
preamble of this resolution, and evil
denced by the warrants also referred
to in the preamble Of this resolution,
there are hereby authorized to be
issued SiXty-five (65) negotiable
Funding Bonds of said County Of One
Thousand Dollars ($1O0O) each, num-
bered consecutively from One (1) to
Sixty-five (G5), both numbers in
elusive; said bonds to be dated the
Second day Of January, 1919, each
bearing interest from and after the
date thereof. until paid, at the rate
of Five per centum per annum g per
cent?, payable on the First day Of
July, 1919, and semi-annually there
after on the First days Of January
and July in each year, such interest
to be evidenced by negotiable coupons
attached to each bond; both princi-
pal and interest payable in lawful
money of the United States of Amer
lea, mt the Office Of the County Treas
urer, in the City of Webster City,
State of Iowa. Said bonds shall be-
come due and payable on the First
day of January, 1924, without option
Of prior payment.
Section 9. The bonds hereby auth
Orized shall he in form and recitalS
substantially as follows:
(Form of Bond.)
No. 100000.
UNITED STATES OF AMERICA,
STATE OF IOWA, COUNTY OF