Cresco plain dealer. (Cresco, Howard County, Iowa) 1913-1945, 1919-05-23
IN THE NATTER OF DRAINAGE DIS.
TRyCT NO. 4, HOWARD
COUNTY, IOWA.

lt5s3,5l , & ~ wac
Supervisor j. II. Watson, intro
duced and read the resolution next
hereinafter set out and moved its
" adoption, seconded by j. w. Wells. Al
ter the Board had duly considered
said resolution, the Chairman put the
question upon the adoption thereof
and the roll being called, the follow
Z ing named Supervisors voted:
AZ Aye: Hale Wells, Watson. ~
Nays: None.
Whereuron the Chairman declared
said resolu zion adopted as follows, to-
wit:
RESOLUTION.
WHEREAS, There has been hereto.
fore levied and confirmed against the
several tracts Of lands and highways
4 in and comprising Drainage District
& No. a, of the County of Howard, in
4 the State of Iowa, an assessment in
the sum Of $2S,50S.0O of which there
has been paid into the Treasury OF
said Drainage District or otherwise
provided for, an amount in the sum
of $10,866.00 leaving now unpaid and
not provided for an assessment in the
sum of SIS, 642.00, none of which is in
{ litigation and no one item OF which
8 is $1,000 or less in amount; and
WHEREAS, This Board is of the
T opinion that said assessment in the
sum of 15,642.O0, unpaid and not pro-
yided for and not in litigation, is
greater than should be levied and COL
lected in a single year upon the lands
and highways benefited, and that the
most economical method of provid
ing for the payment of the cost of
said improvement is by the division
of said assessment into installments,
and the issuance Of drainage bonds
In anticipation Of the collection there
of, in the manner provided by law;
I now therefore
& BE 1T ORDERED, BY the Board of
Supervisors of the County of Howard,
In the State of Iowa: sf'.'. ~.
Section 1. That the assessments I'M
paid and not provided for, heretofore
levied on the lands and highways with
In said Drainage District No. 4, of
said County benefited by the improve
ments heretofore authorized and or
dered to be made, shall be and are
hereby directed to be paid in seven
installments as follows, to-wit:
$223457. on the First Monday in
January, 1922. I
$223457, on the First Monday in
January, 1923.
$223457, on the First Monday in |
January, 1924 @,ai
$2234.47. on the First Monday in
January, 1925. Y, ....%
$2234.57, on the First Monday in
January, 1926.
$2234.57, on the First Monday in
January, 1927. IN T..
$22345S, on the First Monday in
January, 1928.
Said unpaid assessment and each
dnstallment thereof. shall be payable
at the Office OF the County Treasurer
Of said County. at the time above set
forth and each such installment shall
bear interest from and after the date
OF the action Of the Board of Supervis-
ors of said County confirming and
levying said assessments, not only UNI
til paid, but also until the date of
maturity of the bonds issued Gas
hereinafter provided) for the account
Of such installments, at the rate of
Five and One-half per centum (5h
per cent? per annum, payable on the
First Monday in January in each year,
and the County Treasurer shall COM
pute and shall collect such interest
computed to the First day Of Novem-
her next succeeding the maturity of
such installments. 49,
Section g. In anticipation of the
Section of the several installments
OF said assessments, and in order to
provide presently for the necessary
funds to pay the cost of the construc-
ton Of said drainage heretofore de-
termined upon, there shall be and
there are hereby ordered issued the
negotiable Drainage Bonds of said
County in the aggregate amount OF
$15,575.O0. Said bonds consist OF
(2s) bonds in number,
numbered consecutively from One ~
to Twenty-eight (2S), inclusive, OF
which Bonds Nos. 1, 2, 5, 6, 8, 10,
ID, IL, IL, 10, q, ~, %, ~, oA"AA w
of $1,000 denomination each. Bonds
Nos. 4, 8, IL, 16, 20, "a, %, shall be
OF $125 denomination each, and Bonds
Moss 8, Z, IL, Is, 10, %, q, shall be
OF 800 denomination each, all of
which bonds shall bear date of the
First day Of May, 1919, and shall be-
come due and payable in their num-
fapco1 order follows. /
Bonds Nos. to 4, inclusive, $2225,
November i, 1922. .-s2
Bonds Nos. to 8, inclusive, $2225,
November 1, 1928.
Bonds Nos. 9 to -, inclusive, $2225,
November l, 1924. s4%
Bonds Nos. .13 to 1S, inclusive, $2225,
November 1, 1925.
Bonds Nos. II to 20, inclusive, $2225,
November /, 1926. ..s.-
Bonds Nos. 81 to "a, inclusive, $2225,