Webster City freeman. [volume] (Webster City, Hamilton County, Iowa) 1884-1946, 1920-02-16
Proceedings of the
Board of Supervisors
Afternoon Session, January 2, 1920.

Afternoon Session, January Z, 1920.
Board met puSuant to adjournment
all members present
Supervisor o. j. Johnson introduced
and read the resolution neXr hereinaf-
ter set out and moved its adoption, sec.
ended by j. NJ. Shaffer and after due
consideration thereof by the board, the
chairman put the question upon the
adoption OF said resolution, and the
roll being called. the following named
supervisors voted:
Aye: O. ]. johnson and J. NJ. Shaffer.
Nay: None.
Wheuupon the chairman declared
said resolution duly adopted as fol.
lows:
RESOLUTION
To provide for the issuance of road
funding bonds in the sum Of fifty thou
sand dollars.
Whereas. the county of Hamilton, in
the state OF Iowa. is body corporate,
duly organized and existing under and
by virtue OF the laws and constitution
OF the state Of Iowa; and
Whereas. said county has an indcbt-
edness all incurred for road purposes
in the amount Of over fifty thousand
dollars all evidenced by valid warrants,
which Indebtedness, thus evidenced,
was outstanding and payable on the
first day of January, 1920. and is now
outstanding and payable, and none of
which Indebtedness was incurred for
the purchase OF any real estate, or for
the purchase or construction Of any
building; and
Whereas, al. of the Indebtedness was
contracted, incurred and allowed and
each Of said warrants was executed
and issued by order Of the board of
supervisors Of said county for pur-
poses authorized by law and in form,
time and manner required by law and
none of said Indebtedness was incurred,
and none of said warrants were issued
in violation Of Section 400-a ct seq,
~; ct seq. 429, 44O. 443, 446 ct seq,
or 2241 of the code and code supplement
Gas the case may be-. or of any law
amendatory thereof, SALES.--FUTURE there
for, or supplementary or additional
thereto, or in violation of any law re-
stricting or regulating whatsoever; and
Whereas, none Of said Indebtedness
or warrants have ever been adjudicated
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 IL legal. valid and binding
obligation of said county, and is in
such form and Of such character that
it can be legally funded; and
Whereas, it is deemed to the best
Snto 81 To Il
outstanding Indebtedness, thus evil
denced. to the amount Of fifty thousand
dollars and
Whereas, the amount, nature and con-
ditiOn of the Indebtedness of said coun-I
ty. now is. and was on the first day
Of January, 1920, including the afore-
said Indebtedness evidenced as afOrc-
said. and was at the time of contract |
ing and Of mourning and Of allowing
each item Of said Indebtedness, incluG-
ing such item, and at the time of the
authorization and of the issuance of
each of said warrants. including such !
warrant, such that according 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 ieither levied or necessary af |
forwards TO be levied) to pay county |
Indebtedness in excess of 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 times that the total Indebtedness
Of said county does not now, and did
not at any of the aforesaid times, ex-
cred the constitutional or statutory |
limitations: now therefore
BE it resolved by the board of super
visors of the county Of Hamilton in the
state of Iowa:
Section /. That for the purpose Of
funding the road Indebtedness of said
county in the amount of fifty thousand
dollars referred to and proposed to be
funded in the preamble of this resOll-
ton, and evidenced by the warrants
also referred to in the preamble of this
resolution. each of which was Outstand-
ing and payable on the first day of
January, 1920, and is now outstanding
and payable. there are hereby author
lied to be issued fifty negotiable fund
ing bonds of said county OF Hamilton,
one thousand dollars ($1,OOO each.
numbered consecutively from one to fif
fy. both numbers inclusive, to be dated