Manchester Democrat., 1921-09-28
Board Proceedings

Manchester, Iowa, Sept. IL, 1921.
The Board of Supervisors Of the
County of Delaware, in the State OF
Iowa, met in regular session, pursuant
to law, to the rules Of said Board,
and to adjournment The meeting was
called to order by the Chairman, and
the roll being called there were pres
ent, w. E. Noble, Chairman in rne
chair, and the following named Super
yisors;F. A, Mead & Chas A. Swindell.
ABSENT: None.
I S,,peryisor Chas. A. Swindell intro
duced and read the resolution next
hereinafter set out, and moved tts Ad.
option. seconded by Supervisor q, A.
Mead. and after due consideration
thereof by the Board, the Chairman
nut the question upon the adoption
of said resolution and the roll being
called, the following named supervise
ors voted.
Mead.
4 Nay: None.
Whereupon the Chairman declared
said resolution duly adopted as fol-
lows;
Resolution
TO provide for the Issuance of $5S,OOO'-
90 Funding Bonds.
w
in the State of Iowa, is body. corpor-
ate. duly organized and existing under
and by virtue OF the laws and Constl-
tuticn Of the State of Iowa; and said
County has a population exceeding
fifteen thousand and there is not To-
Gated within said County, any city OF
the second class with population OF
five thousand or over which - ira
yersed by a stream two hundred fcet
or more in width from shore-iine to
shore-line, or any city Of the first
class or any special charter city; and
WHEREAS, Said County, now has
outstanding against it, an indebtedness
in the amount Of over Fifty-eig
thousand Dollars ($5S,00O.00). all evi-
denced by valid warrants each issued
In pursuance OF Section All OF the Code
nf Iowa, all OF which Indebtedness,
thus evidenced. was, on the FIRST gay
rf September, 1921, and now Isl, Out
standing, payable anG dae. and
WHEREAS, AL Of said Indebtedness
was contracted, incurred and allowed
and each of .said warrants was eXecu-
ted and issued, by order of the lSoard
of Supervisors of said County lor pur-
poses authorized by law, and in form,
time and manner. required by law
and none OF said Indebtedness was in
o..
were issued, in violation OF Sections
aO9-a ct seq, 423 ct seq, 429. 449, 44s,
446 ct seq, or 2241 of the Code Of Iowa
and Code Supplements or any l4w
amendatory thereof, or substltutlve
therefor or supplemental, or addlI1on-
al thereto, or in violation of any law
forhidding. restricting, or regulating
the contracting or the incurrlng OF
indebtedness or the Issuance OF war
rants, or in violation Of any law what
soever; and
WHEREAS, None Of said indebted
ness was incurred, and none of said
warrants were issued for the pur-
chase of any real estate or for the
the purchase or construction OF any
building: and
WHEREAS, AS appropriation was
duly made by the Board of Supery1s-
ors of said County in strict compliance
with Section 424 of the Code OF Iowa,
as amended, for each OF the prldges
for which any of said Indebtedness was
incurred or warrants issued ana mons
of said Indebtedness was incurred, ana
none of said warrants We're issued Tor
the construction of any bridge not
County charge, or for the construction
Of any bridge entirely within said
County costing, including sub -struc-
ture. super structure and approaches,
more than $3b, 10000 or for the con-
struction Of any bridge across a
stream which is boundary of SAID
County, costing including sub-struc-
ture, super structdre and approaches
more than $20.060.0O; and
WHEREAS, None of said indebted
ness or warrants have ever been ad-
/ indicated to be invalid, and no litiga-
tion is pending, prayed or threatened
involving the validity Of any of sald
indebtedness or warrants; and SAID
indebtedness thus evidenced, is legal,
valid and binding obligation OF SAID
County; and all of said Indebtedness
thus evidenced, is in such form and or
such character that it can legally be
funded; and
WHEREAS, 1t is deemed to the best
interests of said County to fund sald
outstanding Indebtedness. thus evil
denced to the amount of Fifty Eight
4 Thousand Dollars (s58 8,000,00) and
WHEREAS, The amount. nature and
condition of the Indebtedness of said
County now Is and was on the First
day of September, 1921, including the
aforesaid indebtedness evidenced as
aforesaid and was at the time or the
d contracting and of the incurring and
Of the allowing of each item of SAID
indebtedness including such item, and
at the time of the authorization or the
issuance and the presentation OF each
of said warrants, including such war
rants. 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 necessary
afterwards to be levied) to pay County
Indebtedness exceeding the limit or
one and one quarter per centum OF the
actual value Of 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 Constitutional or Statutory iimiE
tation. now therefore
BE 1T RESOLVED, By the Board
of Supervisors of the County OF Della
ware, in the State of Iowa:
Section l. That, for the purpose of
funding the indebtedness of said Coun-
ty in the amount of Fifty Eight Thou
sand Dollars ($58,000.00). referred TO
and proposed to be funded in the pre-
anlble of this resolution, and evidenced
by the warrants also referred to in
the preamble of this resolution, there
are hereby authorized to be issued
Fifty Eight (5s) negotiable Funding
Bonds of said County, numbered con-
SeCuLlNtiy rum OHc W " iiity LIS ~
(5s), beth numbers inclusive, to be of
the denomination 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
sof Six per centum &c per cent? per an
mum, payable on the First dayof May
1922, and semi annually thereafter on
the First day of May and November
of each year, except the last install
ment which will be paid Sept l., 1941
such interest to be evidenced by nego-