The Leon reporter. (Leon, Iowa) 1887-1930, 1919-10-02

time of contracting and of mourning
each item of said Indebtedness, in
cluding such item, such that accord
|County Tax lists, no portion of said
County is now, or was at any of said
times, chargeable with taxation
(either levied or necessary after
wards to be levied) to pay County
Indebtedness exceeding the limit of
one and one-quarter per centum Of
the actual value Of the taxable pro
County, and such that the total in
debtedness of said County does not
now, and did not at any of the
aforesaid times, exceed the Constitu-
tional or Statutory limitations; now
therefore
Be 1t Resolved, by the Board of
Supervisors Of the County of Deca-
tur, in the State of Iowa:
| Section /. That for the purpose
of funding the Indebtedness of said
County in the amount of $19,OOO.O0
referred to and proposed to be fund
ed in the preamble of this resolution
there are hereby authorized to be
issued nineteen 19). negotiable
Funding Bonds Of said County, num-
bered consecutively from one CD to
nineteen (19), both numbers inclu--
september, 1919, shall be in the de-
nomination of 100000 each. Said
Bonds shall bear interest from and
| after the date until paid at the rate
of Five per centum t5%) per an
mum, payable semi-annually on the
First days Of May and November in
each. year, such interest to be evil
tached to each bond; both princi-
pal and interest payable in lawful
money of the United States of
America, at the County Treasurer's
office, in The City of Leon, State of
Iowa, with exchange. Said bonds
shall become due and payable in
their numerical order as follows:
Bond No. l.. 100000 on the First
day of November, 1881.
Bonds numbers to II, $4,000
on the First day OF November, 1882.
Bonds numbers IL to 10, 100000
on the First day of November, 1888.
Section 2. The bonds hereby au
thoriZed shall be in form and recitals
substantially as follows:
(FOrm of Bond.)
| UNITED STATES OF AMERICA
STATE OF IOWA. COUNTY OF DE-
CATUR.
FUNDING BOND, SECOND SERIES.
The County of Decatur, in the
State of Iowa, for value received
promises to pay to bearer One Thous-
and Dollars, lawful money of the
Unit da States nt OF America on the ne
gether with interest on said sum
from the date hereof until paid, at
the rate of Five per centum per an
mum, payable semi-annually on the
First days Of May and November,
in each year, upon presentation and
surrender Of the interest coupons at
tached as they severally become due.
Both principal and interest of these
bonds are hereby made payable at
the County Treasurer's office in the
City Of Leon State Of Iowa, With eX-
change, and for the prompt payment
of this bond, both principal and in
terest at maturity, the full faith and
credit of said County are hereby ir-
revocably pledged.
| This bond is issued by the Board
of Supervisors OF said County pur-
suant to and in strict compliance
with the provision of Section 403,
Code of Iowa, as amended, and in
conformity with resolution of said
Board, duly passed, for the purpose
Of funding a like amount of valid
subsisting Indebtedness of said Coun-
". outstanding on the First day of
September, 1919, and until the is
suance of this bond.
Rected: That all acts, conditions,
and things required by the laws and
Constitution of the State of Iowa to
be done precedent to and in the is
sue of this bond, have been properly
done. happened and been performed
in regular and due form as required
by law; that the indebtedness funded
by the issuance of this bond was a
valid, subsisting, and legal indebted
tai Indebtedness of said County, in
Guiding this bond does not exceed
the Constitutional or Statutory limi-
tations
In Testimony Whereof, said Coun-
ty, by it's Board of Supervisors, has
caused this bond to be signed by the
Chairman of the Board and attested
by the Auditor with the seal of the
County affixed. as of the second day
Of September, 1919.
Chairman, Board of Supervisors.
attest: Observation-Disclosures
County Auditor, Decatur County, Ia.
(SeaD
(Form of Coupon)
No. s...
Decatur County, Iowa.
On the First day. of .-.--,..-.-.-..-,
-, the Treasurer OBSERVATION-DISCLOSURES
County, Iowa, will pay to bearer
.-..-Dollars lawful money
of the United States of America, at
the County Treasurer's Office, Leon,
Iowa, for seni-annual interest due
that date on it's Funding Bond, Sec
ond series, dated September End,
1919, No..
County Auditor.
(Form of County Treasurer Certi-
ficate)
County Treasurer's Certificate.
State of Iowa, Decatur County, IS.
I hereby certify that this bond has
been duly recorded in a book for