Missouri Valley times. [volume] (Missouri Valley, Iowa) 1874-1931, 1920-09-23

rants were issued in violation of Sec
hon 4Q0.a-seqos Is ct seq, 42e, 440,
443, 446 ct seq, or 2241 of the Code of
Iowa and Code Supplements or any
lay amendatory thereof, or additional
thereto, of in violation of any law for
bidning, restricting or regulating the
contracting or the mourning of in
debtedness or the issuance of war
). rants, or in violation fany law
tMhat -sneYer;;-an and - .
WHEREAS, none Of the said in
debtedness was incurred, and none of
said warrants were issued for the pur-
chase of any real estate or for the
purchase or construction of any
building; and
WHEREAS, an appropriation was
duly made by the Board of supervi-
s6rs Of said County in strict compile
ance with Section 423 of ithe Code of
Iowa, as now amended, for. each of
the bridges for. which any of said in
debtedness was incurred, or warrants
were issued; and none of said in
debtedness was incurred and none of
said warrants were issued for the
constipation of any bridge entirely.
within said County, costing, including
substructule, superstructure and APP
proaches more than $4,000; of for
the construction OF, any bridge across
stream Which-is a~boundary of said
County costing, including substitute
ture, superstructure, and approaches,
more than 10000; and
WHEREAS, none of said indebted
ness or warrants have ever been adj
Indicated to be invalid, and no litiga-
ton is pending, prayed, or threatened
involving the validity of an yof said
Indebtedness or warrants, and said
indebtedness thus evidenced, thus is
a legal, valid and binding obligation
of said County, and all of said in
debtedness thus evidenced, is in such
form and of such character that it
can be legally funded (and in the
manner hereinafter provided); and
WHEREAS, it is deemed to the
best interest of the county to fund
said outstanding Indebtedness thus
evidenced, to the amount of SOL
5O6.73; and
WHEREAS, the amount, nature and
condition of the indebtedness of the
said County now is and was on the
last day of September, 1920, includ
ing the aforesaid indebtedness, evil
denced 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 not at the time of
the authorization and Of the issuance
and of the presentation of each of
said warrants, including each war
rant, 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 (either levied or nee
essary afterward to be levied) to pay
county indebtedness exceeding the
limit of one and one-quarter per
centur Of the actual value of the
taxable property within such portion
of the said county and such that the
total indebtedness of said county does
not even and did not at any of the
aforesaid times, exceed the consti-
tutional or statutory limitation; now
therefore,
BE 1T RESOLVED by the Board
of Supervisors of the County of Har-
rison, in the State of Iowa.
Section 1. That, for the purpose of
funding the indebtedness of said
county in the, amount of SCI, 5OG.7 10
referred to and proposed to be fun
ded in the preamble of this resolu-
tiorl1and evidenced by the warrants
also referred to in the preamble of
this resolution, there are hereby
authorized to be issued sixty one ne
gotiable bonds of this said county. of
One Thousand Dollars each, number
ed consecutively from one to sixty
one, both numbers inclusive, to be
dated the first day of September, 1920,
each bearing interest from and after
date thereof until paid at the rate of
six per centum per annum, payable
|semi-annually on the first days of
March and September in each year,
such interest to be evidenced by ne
gotiable coupons attached to each
bond; both principal and interest
payable in the lawful money of the
United States of America, at the
Office of the County Treasurer of
said County at Logan, Iowa.
Said bonds shall become due and
payable on September LIST, 1890
Section 2. The bonds hereby auth
orized shall be on form and recitals
substantially as follows: