Webster City freeman. [volume] (Webster City, Hamilton County, Iowa) 1884-1946, 1921-10-10

super-struclurci and approaches, more
than (s$5,OoOO0), OF for the Gonstruc-
lion OF any bridge across Il stream
u hlch lis, a boundaryseof said county,
costing including sub-styucture, super
structure and approaches more than
$50 100000; and
Whereas None of 4said, Indebtedness
or warrants have ever l,ren adjudicated
to be invalid, and no litigation is pend
ing, PRAYED or threatened involving the
validity, of any Of said. indebtedness or
warrants; and said Indebtedness thus
evidenced, is d legal valid and binding
obligation OF said county; and all of
said Indebtedness thus evidenced, is in
such form and Of such character that it
cail'legally be funded; and
Whereas, tits deemed to the best i'll
tcrests-of said county 80 fund said out
standing Indebtedness, thus evidenced,
to the amount Of Twenty four Thousand
Dollars (S5I0oo.oo-------)
and s,s ~
Whereas, The amount, nature and
condition of tie indebtedness of said
county now is and was on the First
day of September, 1922, including the
aforesaid indebtedness. evidenced as
aforesaid, and was it The time Of the
contracting and of the mourning and
Of the allowngSuf each item of said i'll
debtedness, including such item, and at
the time of tthe authorization of the is
suancc and the presentation of each Of
said warrants, including such warrants,
stch that according to The last previous
state and county tax lists, no portion
CT said county now is. or was at any
Of said times, chargcar;le withataxation
(citller levied OF. necessary afterwards
20 be levied to pay county Indebtedness
exceeding the limit ''df one and one
quarter per centum of The actual value
OF the taxable property within such
portion Of said county, and such that
the total Indebtedness bf said county
does not now, and did not ut any Of the
lafcrcsaid times, exceed the Constitu-
tional OF. Statutory limitations now
| therefore s---
BE it Resolved. .Bt the Board of
Supervisors Of the County Of Hamilton,
in the State Of Iowa: ~
Section /. That. for'thc purpose Of
funding the indebtedness of said coun-
| ty, in the amount. of Twenty -Four
Thousand ~ Dollars ($o4,
00O.G0), referred TO and proposed to he
| funded III The preamble of this rcsolu-
| ton, and evidenced by the warrants
also referred to in the preamble OF this
resolution, there are hereby authorized
20 lie issued Twenty-foili- }
IL, gotiablc funding bonds of said cOull-
l,y, numbered collsccutively from One
! 1) 10 Twenty -Four (24)
both numbers inclusive, to he of the de-
nomination of $1,000 each, to be dated
the First day Of September 1921, each
bearing interest from and after the date
thereof until paid at the rate Of Six
per centum (c%). per annum,
payable Oh the First day OF May, 1922,
and semi-anlually thereafter on the
First day Of May and November Of each
year, such interest to lie evidenced by
negotiable coupons ATTACHED TO each
bond; both principal and interest pay
able in lawful money! of the United
States of America. at the office OF the
county treasurer. in thb City of Web
ster City, State Of Iowa, Said bonds
shall become due and payable in their
numerical order us follows:
Bonds Nos. | to n, Inclusive, 81 900
November 1, 1881. ~
Section >. The bonds hereb. author
lied shall be in form q;tnd recital sub
stantially as follows
(Fprm of Belld.)
UNITED STATES OF AMERICA
STATE OF IOWA. COUNTY OF
HAMILTON. FUNDING BOND.
No.----- Ri, $1,000.
The County Of Hamilton, in the state
o. Iowa. for vain -retsived,. promises
to pay to bearer One Thousand
Dollars, iawf Il may Of he
United States Of America. on the First
,.ay of November. 1881, together with
interest OH said sun, from the date
hereof until paid. ut thc'ratc Of Six Yer
ccntum tGEt) per anDstnl. payable on
the First day of May. 1872, and semi;
ANNUALLY thereafter 0ii'thc First days
lof May and November, in each year.
upon presentation and Surrender Of the
interest coupons herct6lattaclied rs they
scverally becomct.l,t.. Both principal
,ud interest VI this, bond are hereby
n.ade payable at tine office Of timtco'tn1y
treasurer in the citylof Webster City.
State of Iowa. aud for The prompt pay
|Eent Of this bond. both principal and
Interest at nl;lturitys,ithe fnll faith.
credit and resources OF said county are
hereby irrevocably pledged.