Manchester Democrat. [volume] (Manchester, Iowa) 1875-1930, 1921-01-19

I
this class be allowed in full.
! The following Is a resolution adopt
ed by the board, in accordance with
law. forsbond issue:
! The board of supervisors of the
| county of Delaware, state of Iowa, met
in regular session, pursuant to law,
to the rules of said board and TO ad-
journment. The meeting was called
| to order by the chairman, and roll be-
! ing called there were present w. u.
| Noble, chairman, in the chair, and the
following named supervisors: r a.
Mead and Chas: A. Swindell. Absent,
none.
| Supervisor +. A. Mead introduced
| and read the resolution next hereinaf-
: ter set out and moved its adoption;
seconded by Chas. A. Swindell. 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, ". a.
| Mea<oeand Chas. A. Swindell; nays.
none.
! Whereupon the chairman declared
said resolution duly adopted as fol-
lows, to-wit:
| Resolution to Provide for Issuance Of
4S5,OOO.OO Funding Bond.
Whereas, the county OF Delaware. In
! the state OF Iowa, Is body corporate
duly organized and existing under
| and by virtue OF the laws and consti-
tuition OF the state OF Iowa; and said
county has a population exceeding To-
900 and there Is not located within said
county any city of the second class
u ks< ~ aNrA
lover, which is trayersed by stream
two hundred feet or more in width
from shore line to shore line, or any
lefty OF the first class, or any special
1 charter city. and
4 whereas, said county now has an
i Indebtedness in the amount of $780,
I67005. all evidenced by valid war
rants. each issued in pursuance or Sec
ton All OF the code OF Iowa, all OF
which Indebtedness thus evidenced,
i was, on the first day of January, 1871,
and now is, outstanding, payable and
due; and
whereas, all of said Indebtedness
/ was contracted, incurred and allowed
land each OF said warrants was execute
i ed and ISSUED by the order OF the
board Of supervisors OF said county,
for purposes authorized by law, and In
i form, time and manner required by
law; and none of said Indebtedness
4 was incurred, and none OF said war
i rants were ISSUED In violation of Secs.
4 4O9-a ct seq, 425 ct seq, AIS. 44O. 4A3,
446 ct seq. or 224l of the code of Iowa
! and code supplements or any law amen
ldatory thereof and substitutive therefor
1 or supplemental or additional thereto,
or In violation OF any law forbiddtng
restricting or regulating the contract
ing or mourning Of indebtedness or the
issuance of warrants or in violation OF
any law whatsoever: and ~
whereas. none of said Indebtedness
was incurred. and none ofasaid war
\ rants were issued. for the purchase OF
i any real estate or for the purchase or
4 construction OF any building; and
i Whereas, an appropriation was duly
! made by the board OF supervisors OF
! said county In strict compliance with
4 Section 424 OF the code Of Iowa FOR
each Of the bridges for which any OF
4 said Indebtedness was incurred or war
4 edness was incurred and none OF said
warrants were issued for the construc-
ton Of any bridge not county bridge.
or for the construction Of any bridge
4 entirely within said county costing.
including substructure, superstructure
4 and approaches. more than $35,OOO.O0:
or for the construction Of any bridge
I across a stream which is a boundary
of said county costing. including SUBJ
structure. superstructure and APP
proaches, more than $20,00O.O0; and
i WHEREAS None of said indebted
! ness or warrants has ever been adj
4 Indicated to be invalid and no litiga-
| ton is pending. prayed, or threatened
| involving the validity of any said in
debtedness or warrants, and said in
| debtedness thus evidenced is a legal,
valid and binding obligation of said
4 county, and all of said Indebtedness
thus evidenced. is in such form and of
| such character that it can legally be
funded; and
! WHEREAS, 1t is deemed to be the
best interests of said County to fund
said outstanding Indebtedness. thus
evidenced, to the amount Of $35,000.00
and
WHEREAS The amount nature
| and condition OF the Indebtedness Of
/ said County now is and was on the
First day OF January. 1921, including
the aforesaid Indebtedness, evidenced
as aforesaid, and was at the time OF
| the contracting and OF the mourning
and Of the allowing OF each item of
1 said indebtedness, including such
item, and at the time Of the authoriza-
4 tion and of the issuance and of the
| presentation Of each of said warrants,
including such warrant, such that ac-
cording to the last previous State and
| County Tax lists no portion OF said
County now Is or was at any said
| times, chargeable with taxation (either
levied or necessary afterwards to be
| Ievied) to pay County Indebtedness
exceeding 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 that
| the total Indebtedness of said County
does not now, and did not at any OF
\ the aforesaid times. exceed the Con-
stitutional or Statutory limitations;
now therefore
BE 1T RESOLVED. by the Board Of
| Supervisors of the County of Delaware,
| in the State of Iowa:
Section l. That for the purpose OF
| funding the Indebtedness of said
| County in amount of $35,00000, re-
ferred to and proposed to be funded
| in the preamble of this resolution
and evidenced by the warrants also
| referred to in the preamble OF this res
| olution-there are hereby authorized
| to be issued Thirty-five (S5) negotia-
BILE Funding Bonds Of said County, OF
one Thousand 10000 Dollars each,
| numbered consecutively from One az
| to Thirty-five (35), both numbers IN
elusive to be dated the Third day OF
| January, 1891, each bearing interest
from and after the date thereof until
paid at the rate of Six per centum
! (6 per cent? per annum payable SEMI
annually on the First days of May ana
| November in each year such interest,"
| TO be evidenced by negotiable coupons
attached to each bond; both principal
and interest payable in lawful money
of the United States of America at the