Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1919-12-11
CoUNCIL{p PROCEEDINGS.

CouNCILf PROCEEDINGS.
Missouri Valley, Ia, Dec. 2, 1919.
Council met in regular session.
Meeting called to order by Mayor
at p. m. Councilmen present, Rhoda-
beck, Miller, Halsey, Malsi and Brun-
digc.
| Moved by Halsey, seconded by NAL
81, that the minutes of previous meet
ing be approved as read; carried.
Moved by Rhodabeck, seconded by
Halsey, that the reports of Fire Chief
City Treasurer and City Clerk be ac-
cepted as read; carried.
Moved by Halsey, seconded by Mill
err, that the ditch on North street be
filled. Referred to Street and Alley
Committee; carried.
Moved by Rhodabeck, seconded by
Malsi, that the resolutions authoriz-
ing the issue of $4,000, refunding wa
ter works bonds of Mo. Valley, be
adopted.
RESOLUTION.
/ Whereas, the City of Missouri Val
ley, in the County of Harrison, and
State of Iowa. has outstanding legal
binding and subsisting Indebtedness
in the amount of $4,000, evidenced by
water works refunding bonds of 1909,
in all respects duly, properly and
legally issued and now outstanding
and
Whereas, it is deemed for the best
interests Of said city that the in
dcbtedness thereof evidenced by the
bonds aforesaid be settled, adjusted,
renewed, extended and refunded and
that refunding waterworks bonds of
said city be issued therefor.
Now, therefore, be it resolved by
the City Council of the City of Mis-
souri, Valley, Iowa, as follows:
Section 1. There is hereby order
ed issued the negotiable coupon bonds
Of said City Of Missouri Valley
County of Harrison and State of Iowa
in the aggregate amount of $4,000
for the purpose of settling, adjusting
renewing, extending and funding said
legal, binding and subsisting indebted
ness Of said City now outstanding
and evidenced by water works refund.
ing bonds of 1909, of said City in al
respects duly, properly and legally is
sued, and now outstanding in the ag-
gregate amount of $4,000.
Section 2. That the bonds hereby
authorized to be issued deno.ninatee
refunding water works bonds, be Of
denomination. OF $1,000 each, mum
: bered from / to 4, both numbers in
cluded. be dated November /, 1919, b,
come due and payable in numerical
order, as follows: $1,000 on Novem
5 Der LIST of each of the years 1921 t.
1924 inclusive; that such bonds bea
interest at the rate of five per cen
per annum, payable semi-annually OF
q the first days of May and of Novem
Der of each year, that interest on SAT-
bonds be evidenced by proper cou
pons attached to each of said bonds
and that both principal and interes
be payable at Continental and Com
2 mercial Trust and Savings Bank, Chi
cago, Illinois.
Section 3. That such bonds an
l coupons be in substantially the fol
2 lowing forms: Forms of bonds, Unit
/ ed States of America, State of Iowa
: County Of Harrison, City Of Missoul
Y Valley, refunding water works bonds
]. No. q. $1,000. The City of Mis-
souri, Valley, in the County of Hal
v rison, and State of Iowa, for value re
= ceived, promises to pay to bearer on
/ thousand dollars ($1,O00) lawful nor
: ey of the United States of Americ;
> on the first day of November, 1872
'. with interest on said sum from. dat
hereof until paid at the rate of fiy
per cent per annum, payable semi-al
nually on the first days of May an
of November in each year, on pr
sentation and surrender of the int,
~ est coupons hereto attached, both tt
principal and interest payable at Coz
, tinental and Commercial Trust ar
Savings Bank, Chicago, Illinois. TIL
:. bond is issued by the City of Nilsson
NJ Valley for the purpose of renewin
81 and extending u like amount of il
z legal binding and subsisting indebted
e ness evidenced by bonds in all T.
81 spects duly, legally, and properly il
e sued and outstanding at the date
e the passage of the resolution herein
Fl after mentioned, pursuant to the pr,
81 visions of Section sos ct seq, chal
= ter IL, title 5. of the Code of low
81 and in conformity to resolution {
3 the Council of said City passed,
e true and complete copy whereof
= printed on the back of this bond, ar
. it is hereby certified and recited tn;
. all acts, conditions and things r.
. quired by the laws and the constitl
= ton Of the State Of Iowa, to be do1
81 precedent to and in the issuance
e this bond heve been properly don
. happened and been performed in reg,
= lar and due form as required by la,
RI and that the total indebtedness
. said City, including this bond, do,
= not exceed the constitutional or sta