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Minutes - 10/25/1921
Stet® Of Iowa County of Grundy SS Town of �'elleburg < I��R==�i�v� �af� , Town Clerk of the Town of '+9elleburg, in the above County and State, do hereby certify that the attached, ooneisting of One (1) page, which ie identified by my signature, is a true, correot and complete list, description and. enumeration of warrants of said Town now outstanding and proposed to be funded. I do further certify that each and every of the statements and representations made in the 11at of warrants hereto attached ie true; and that each of the warrants was and is dated, numbered and issued, for the purpose and against the fund, in the amount and is payable as in said list set forth; that eac}i of the warrants enumerated in said list was drawn and signed by me or my predecessor ii office, personally, or by his deputy, duly authorized, and sealed with the corporate seal of said Town upon a vote of the Town Council of said Tovn, that no one of sa'd warrants together with ell other warrants drawn on the same fund in the same fiscal year was in excess cf the estir::ated revenue of the Town for that fund for .the faecal year in mhich said warrant was Saeued, and there is not pendin;;, ar threatened any question or litigation touching the validity of said warrants, or any of them, or the right of the town to issue bonds for the funding thereof. �itnses my official ei�nature and the seal ,f said Town of �elleburg, Iowa, this = C. day of Cke-- ,1921. ( SEAL) i�� r; ` Towm Clerk. R�lisbarg, Iowa. " �"f 2 °i .1927.. Ta--✓�-� � �� Couneilaan, �9elleburg, lose. llear Sir:- 'iou are hereby notifiod that a mooting of the Gnneil of the To of `"elleburg, Iowa, will be held on the � day of C���--%u- , 1921, et the G.�-��- Ln—r--w.�: ,within said Town, at �_e' clock Y., for tho purpose of considering and passing a resolution pro- viding for the issuance of Yunding Sonde to fund autatanding warrants; and for the transaction of such other business ea may come before said seating. fiespactfully �.���,ca-cam= yor. Due and legal service of :he obove rccepted �his��day of � � 1921. I :�. `"ei2si►ur�„ Zosxa, � �� `� `� 1921. Couneilrra, "`ollaburg, jeY+t. �enr 3ir:— You rro luoreDy notifiod the+t r p�;aties�;; aY the dounoiF of tho :tam y�l oaurd. iova, si3,1 ua held m9 tier �--� drq of _X-r�� 1921, mt tea ,.�..,�d ' �Z-o--�—.1i _ sithia aafd :'een, st �_o•eloek = ., for tho pnrFeao of ooasiderin<; and pnasir,; r raaslution pro. vidie}� for the iaarasee of �tli� 3en3a to fund outatae�i� crarrctrts; and foT tho tsewaafiloir of sneh athor Dwinpa u s.,ap cono Datoro acid seating. :-.eepaetfully, ttyer. �q"'< ,¢� r Due and legal service of the above accepted thiQ.�/c/ day of ��.r 192I "�ollspura;, doers, i�/` � � 1921. �� 0�. neitoaa, �a22enrurS, iosa. Dear Sir:. You ore hereby notified that a aoatin� of thn Council of the `:n�a2lsi�ur�, Ioaa, :i],1 bo hnid cn tlm .?� daq et , I921., at the U��_��' �-a-,' �-� evithin said °:am, ut .,,a'� ainak for tiro purnogo of noneidorin� surd �aoiu� a revolution pro- ridin;-y for tkro isauanae of Yundi� 3ards to fund outer.«r3in�; sarrarts; send for tTte tsanenctian oC sareh atf,or businpaa as swag oor�n enters eeiid saaeEia:. >;espoatfuily. �GF-��i�ic� l:aycs. Due sad level service o f the above accepted this��ay ofl�iCiy 1y21 Ali �,41�..�i.�� �' r� Wellaburg, Iowa, Wes/ aJ ,1921. ToK'�ci �• z.��v'�a-�ti, Council an, Wellsburg, Iowa. Dear Sir: - You are hereby notified that a meeting of the Council of the Town of `°lellsburg, Iowa, will be hel on the 2�_ da oP �{/Y , 1921, at the y9��,,,�-% within said Town, at o'clock �•, far the purpose of considering and passing a resolution pro- viding for the issuance of Funding Bonds to fund outstanding warrant a; and for the transaction of such other business as may cone before said meeting. Resp�e�ctf�ugl�l�y, Mayor. \� Due and legal service of t're above accepted this 'pi'S day of �� - 'Y e ��' r l l ��r u x ��, A o w a , ��` - ��v �� �� . 1 4 2 1 . ���������� ��- C o u n c i l s ��a a , ' - ? s t l l e t ��v r ��, l a s e . d e a r i i r : - Y o u e r e h + o r e i i p n o t i f i e d t h a t a m a a t i n ; ; o f t h e C o u n c i l o f t h e ' a " a o f " t i l e r u r m , l n v u , : ! d . 1 1 u o : f e ����' ^ c n t ��Y e J d c ; p o f c - - ' Z , 1 9 2 1 , a t t 4 � e - ����; ` ��� - - ��- � - ��. . _ 2 ��o - a - ��. ��' w i t Y + i x a a z i d ��o m n , a t . . G . . _ o ' a l o c ���� . , f a r t F s a p u r p s r r o f c o n s i 3 r r 9 . n �� z . x s d y ��a r o i r n �� a . r r r a l u t i o r . p r a - v i d i n �� f o r t h e i m : ��u a x , a + r o f f ` u � d i d ; 3 o ��d a �� t o f u n d a u t s t a r i d i �� a ��r r o n t s ; a n d f o r t t �� t r a n r a a t i a n o f m m u a t h o t h e r b u r i n c t e t a r m a p c o n e 5 a f o r f l m a i d b 3 o s t i n , , ; . R s s p e c t f u l l p , c ` , ` a a p o r . D u e a n d l e g a l s e r v i c e o f t h e a b o v e a c c e p t e d t h i s ��J d a y o f ����( L ��l ���� 1 9 2 1 ���� T o p r o v i d e f o r t - k s ��s w e n c e o f : 3 ��0 0 u q d ��- ��o n ��i i s : - - �- - -' xal.leearg, I.sa, - :�t. The Toxn Council of thy Torn of �ellaburg, Ioxa, mat pureuaxlt to the rnlee of said Council. in.." t� �-. oe6afon, on call oP the Layor, at the ties and plat® deaiJnated the folloxing call, a copy of xhich, signed by the Mayor, had bae'n personally nerved on each mrabar of the Council a euPficient time before said meetir�; and aervioe of which had been duly acoepted by each member: �olleburg, Ioxa, �/`'r" -� � 1921. "'o Councilman, �`elieburg, IGv;�a• %}ear :,ir:- You era hereby notified that a meeting of the Council of the Toxn y� �A lsbuz'g, Iola, will bo held on�he a clay of /�-�'i+`-��� 1921, at the '"��^ Z, r �Y.,,,-- within said Toxn, et ,- o' clock for the purpose of considering and passing a resolution pro- viding for thm issuance of Funding 3ondato fund outstanding rarrenta� and for the transaction of each other business ae may come before said maetin.. Feapectfully, ,'n.eyor. Tha meeting xae c:lllsd to order by the ;:kayor, and the rail owing called, there xars Fresent, -� �• ��LYP'�-���ayor, in the their, and the te,l�/�A°ring nomad Couacilolon: Tha b?afor read the foregoing call, and reported that service thereat, as above stated had been duly made and aocepted. Councilman ,Q1/��.„��-.->-�-�-� introduoed and read the reeo tj.pn;rlext haraizaftar am opt ut, and moved its adoptia�. seconded by �j/ oi`I�Ljz-j/ � and after due considoration thereof by tho Counoil, they Jayor put the question upon tY,a adoption of said resolution, and the roll�befng called, the folloxin,; rammed Councilman voted. to-mit: Ay o f7eye: Nona. W}lereupon the Mayor deelarad said resolution duly adopted, as follo�a�s, 1ig50LU't"IOid. To provide for the iesusnce of .� �00 Funding donda. WHr^,}i3AS, Ths Town of 51e11sburg, in the County of Crundy, State of Iowa, fie a municipal corporation, duly organized and existing under end by virtuo of the general laws and Conetitutior. of the State of Iowa; end ?'H�'RgAS, Said Tawn did heratoforo, pursuant to ::n:.i in strict compl�- ance with the laws of _avid State incur indebtadnewe in the smount of Three—�"m ��+�"" �,�-t--�f'u,Q T�iOvear,d-9o1-lets-�-Fr�b00), evidenced by logally issued warrants, all of which wart=nta are now out etendin„ due end unpaid; and R''a%IiutiS, All of said iudebtodnaea was incurred, as duly ordered by the Council of said Town, for purposes authorized by law ar.d in manner provided for by law; and each of said warrenta evidencing said indebtedness was legally issued pursuant to a resolution or ordinance of said Council, duly passed approved and put into effect; and none of said indebtadnese uas incurred, and none of said +�arrante sere issued for current expenses or in contravention of Section 898 of the Code of Iowa; and "�i'F.'1�;5, None of esid indsbtednase or xarrante has ever been adJudi- ceted to bo invalid; and no controversy or litigation is pending or threatened involving the validity of any of esid irdebtedneea or �sarranta; and all of said indebtedneee thus evidoncod by esid warrenta, is a valid., bindin and general obligation of said Town and fie in such form amp of such character that it can legally be funded, and fir. the manner hareinsfter provided; and %ci�;RE,`�S, It iz deemed advianbls to fund said. outstanding valid ln- debtednaee evidenced by said valid warrants as aforesaid; to the �.^�ount of �e;�Dollare (���G); and "'HEREAS, The total Yndebted>rx9Fs: of;asl�� does not now, including the aforesaid in_dobtedneee evidoncod by the atoree� %(perrants, and did not at the time of the �I3tTactir.� cr of the incurring or of the a3,lywin;; of any item of flip aforesaid indebtadnesc, includi,#17s,�� �e���r or at the 4Yme of the authorization or oP the Yseuanca or of��Tia prssantntion of :,ny one of the aforesaid warrenta, including auch'osrrante, exceed any Conetitutienal or Statutory limitation of indebtedness or �axati4�`;ngN=-therefore 3e it Bocolvod, by the To�^n Council of the Town of '`7nllaburg, Iowa: Section 1. That - for the purpoa of fu�tdi g"the outetandin� in- debtodnose of said Tomn, in the amount of 'i ""� � �n I�ollara (0), evidenced by the warrenta now outstanding, referred to and proposed to be funded in tp© prg+�rblo of t'.ii.= resolution - there ara horaby authorized to be issued �r-x,(�) na;o,�ably Funding �%on de of said Town, numbered coneacutively trom One (1) to ,b) both numbers inclusive, r.:hich bonds shall be in the denomination of r„g500 oach; all oP said bonds to bs dated the First day of October, 1921, es+ah bearing interest trap and lifter flip date theroof until paid at the rate of six per cent um per annum, payablo on the First day of ll'ay, 1922 and semi-annually thoreaftar on the ?first days of idovembor and ."ay in each year; such interest to be evidoncod by nagotiablo coupons attached to each bond; both principal and interest payable in lawful money oY the Unitod States of America, at the i3enking House of Cleo. `,1. Bechtel ?: ^ompany, in the City of , Savenport, Mate of Iowa. Said ponds shall becoc.e due and paysble in their nu;cerical order as follows: Bond No. 1, 9500 on the First day of November, 1926; Bond IJo. 2, 9 500 on the First day of fdovernber, 1927; Bond Wti. 3, �500 an the ?first Say of November, 1928; Bond ]70. 4, ;;500 on the r'irst !sy of November, 1929; Bond Na. 5, "�500 on the First day of November, 1930; .,` _ _ Section 2. The Funding Gonda horaby authorized shall oo in fotzn and recitals substantially as follows: ( Isef •t larr) �e•••• �500 UNIT3D 81'AT38 a IrtRICE, STAT : OP IOTA, OOURZT OT G'RUN']Y, TU'"t� Od' ��.1.Sc1UR0, fUNOIN�. J(11•I�i The Town of '?�alloburg, in the Mato of Iowa, for value received ppo- miees to pay to bearer 1'i.ve Hundred Doll are, lawful money of the United States of America, on the f"iret day of Nove®ber, 19_, with interest on said sum from the date hereof until paid at the rate of six per centum per annum, pay- ablo on thor"irat day of uay, 1922 and semi-nnnually thereafter on the irirat days of :rgrember and flay in saoh year upon presentation and surrender of t2;e interest coupons hAreto attached; both princigal and interest payable at the Banking Hausa of Geo. t�9. deohtel and Company, in the City of Davenport, :hats of Yowa. This band ie Seeued by the Town of �elleburg, pursuant to and in strict compliance with the provisions of Sections 905 et seq. Chapter 12, Title V of the Code of Iara, and in conformity with a reaalution of the Council of said Town, duly passed, and approved, a corregt end complete cop. of which is printed on the beak of thin bond, for the purpose of tundin;; a like amount of legal 4ndebtednaes of said Town, autetandin�; at the time of tho adoption of acid reealution until the ieauanoe of this pond. And it is gereby Certified ami 1'iscited: 'ihat all sots, eonditione end thinF;s required by the laws and Constitution of the State of Iowa, to be done praaedant to and in the issue of this bond, have been properly dons, happened and been perforrnsd in rs;ular and duo form ae required by law; that the inaebtedneee funded by the issue of thin bond was a valii; subeietint:, and legal indebtedness of mid Town, and that the total indebtedness of said Torn, including this 3ond, dope. not exceed the Canetitutionsl or Statutory limitations. In T9etimoigr 'Mher�, ea.:d Town, by its Council, has caused Shia bond to be ei6r»d by its leyor, and attested by the Town Clerk, with the peal of said Town affised, ss of the First day of October, 1921. Attest: er o e Town of 3ti'allrbur�;. No._ (form of Coupon) 7P�,1,dBURG, IO'�A. liayor of tho Tawn of �e2leburg. On 1, 19,r,�, the Treasurer of thw'town of "'sllaburg, Yowa, will pay to bearer llollara, at the ;3anking; iiouae of Geo, U. Bechtel & Company, llevenport, Iowa, for semi-annual interest on its y'unding :3ond, dated October 1, 1921, tJo.... Uayor of the 'Down of Hellsburg. Attest: Clerk of the ^own of "Qelleburg. On the hack of each band shall be endorsed the gsrtifiaate of the Town Treasurer in the following form: (Town Treasurer's Certificate) Stets of Iowa County of Crundy SS Town of '.galleburg This bond duly end properly registered in my office as of the rYret day of October, 1921. Traeaurar of the Town of i"Jelleburg. Section 3. The bonds hereby authorized shall be signed by the L-'ayor and attested by the Town Clerk, with the meal of said 'Pawn affixed, and the interest coupons thereto attached shell be executed in the same manner, and when as eaeouted, said bonds shall be delivered to the purcheaera thereof, and the proceeds of said bonds shall be used only for the purpose of paying and dis- charging the aforesaid outstanding �roarrante, or said bonds may be issued in ex- change 4or said warrants at the par value of said 'oonde; and Sn any avant said warrants shall be cancelled simultaneously with the delivery of said bonds, the intention being to change but not to increase the indebtedness of said Town. erection 4. The Town Council shall annually levy a tax upon all the taxable property within said town, in addition to the levy authorized for other purposes, a sufficient sum to pay the interest coupons on the bonds hereby authorized, as end when the same mature, end also to create and maintain a sinking fund which shall be sufficient to discharge the principal of said bonds at their maturity and the moneys arising from such levies shall be known ae the "runding Bond Fond, Seri ea October, 1921," end shall be used 4or the payment of said interest coupons and,bonde and far no other purpose whatever. Section 5. All resolutions or parts of resolutions in conflict here- with be and the same are hereby repealod. Yaseed and approved, (1ce/1� 2 � ,1921. g�j'% / o�✓ 2GC�-_ /� / Mayor of he town of 1/slleburg. Attest: ,^=s�%��`�-�� P/ Clerk of the Town of '"'slleburg. ( S�Ah) On motion and vote the meeting adjourned. Clerk of the Town of `felleburg. g'inancisl Condition of the Town of ''"elleburg, in the County of Crundy, State of Iowa, ae shown by the Officiol Reoorda. Total bonded indebtedness, itemized as follows, - - - - - --'%10,400 Bondy issued on general credit of Townt ('r'unding, ':'dater '•4'orka, Lighting, etc./ Da a Amount Lap of Iaeuanoe Character April 1, 1910 a400 Sec. 905 at sey. Ch. 12, Funding Title V of the Code of Iowa. February 1, 1916 3000 Sec. 1306—b et eey. Supp.1913 7aterworka Sonde issued in anticipation of taxes levied at a limited rate on all of the taxable property in the Town, but with recourse Baited to such taxes; (Improvaa�nt Sewers, etc.) Da a Amount Law of Iseuanae Character December 20,1920 •33000 Chap. 7 & 12, Title Y of Sewer Gutlet Code of Iowa, & in particul.+r � Dieposel Sec. 912 oP Code and 840-� of S.S.1915. December 20, 1920 4000 Ch. 243, Lawe of 38 �.A. Saver Bonds All other indebtedness of any sort itemized ae follows - - - - - -- - - - - - - - e - - - - - -u 7?arranta----------------- - Intereat due on said warrants - - - - - - - - �;lectrioLight Fund------------ 4ti'ater'�'orks Fund-------------- Ceneral Fund -- --- ----------- Sewer Fund- -- ------------- Improvement Fund-- -------- ---- Judgments - - - - - - - - - - ' - - - - - - Corti fi cotes - - - - - - - - - - - - - - - Wiacellaneous - - - - - - - - - - - - - - - - Value of property owned by the Town - - - - - - - - - - - Caahon hand ----------------------- Population, census 1920, 462 Yreaent(estimated) Certified to by me, with the/Tow-n� Shea—1 affixed at "'ellaburg, Iowa, this �� day of �-�`-���`"- r,, 1921. E- .�__/ Town Clerk ( SEAL) I No a/' lf�.tc� �� lJxs.,,ttiC ! v > � � 11 h. .D.ti, � � � 9' �a h._�-,, 9 �q,. � c� � � 3 1 �� •� ►1 jrq�r �� !9 i �• I�9� �f �y <� P �+ 1 s" n r iii rr i ; /9 s;