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Minutes - 12/14/1920
EmiGit �`�,:.l....� v 27� . Sf P 1'� 1921 � R=PORTtiff /�//� i r 'V�^�`� G+.,..G� ✓Y / it '�„'r C�'°-`'`"".�^�O � Q � °-�'C �'� - �-,� ' - • D©c q 14 1920 , -�-^-- i, Cuuneik met at 7.30 P.M. for the purpose of hearing objections consider same, and amend, correct and adopt the assessment / � � schedule and levy the came, i Mayor Koolman presiding, and the following councilmen present, B.H.Lindaman, C.C.ReiterW.A.Meyer,Geo A.Geerdes and D.J.Riekena. The following Assessment objections were filed wlth the Clerk � � � and were changed or overruled as apecified:8.- ti '� i nx ,Airs Augusta Nesssen Lot 6.Vd1 7, block P readueed �147.00 �t"�'"''�� n - n n n n n 3. 4. " 1 CHY "" 6A . 50 �: s�, rows Hen ry A Geerdes overuled. F I GPo H.Neesson north of first street, overuled. �:, thet I�P.J.Janseen lot 5 block 3 C.H.Park, overuled, go:1?�t.r:,�4.ryg � LSK.Laatpel, overuled. Geo J.Doyen lot ?.1 block 3 C.H.ParY,, reduced �34.25 3 d 9 5 overuled. � � 9��'�� 10 5 „educed 68.50 � � 11 5 22.84 ' 12 5 " " 22.84 13 5 overuled 14 5 " "" 15 5 " "" 16 "5� reduced �34.25 -- �---- �ote 9.10.11.12 block 4 C.H.Park overuled. C.H.Hedderia lot 15 "" " 4 "" "" ennrr xnn 16 4 nnnnnnnxn 17 4 nnnn nnrurnu 18 4 reduced �34.25 . ,� 19 4 nnnrrn" 34.85 /r---� �,�,. � 20 4 nxx"" 34,25 -i i . �.5.;°;i Y�;1 ..... 21 4 overuled `M S'� ? b', 1'J2'1 22 4 n n x n n n n �� �.� �, �,�,NkiT 23 4 reduced �68.59 �, 4iEikri{ �'�� •`r Jl 24 4 nnn n 68.50 ,. g�FG� ,._�_-: : 25 4 nnrrnn„ n .� ;-� _ 68.50 26 4 „„nnnn" 68.50 27 4 overuled, 28 4 nnnnr,nrrn tl9,F..KnOek 15 3 reduced �68.50 18 3 nnnnrr n 68.50 17 3 nxnnnxn" 68.60 18 3 nrrxnn"" 88.50 tlPelleburg Reformed Church overuled. ohn Nodrtxff lot 3 � 4 block 5 T.-.Bark reduced $�68.50 Souks Tjaden, Lots 1.2,4.b. block 1. overuled. `� "" "" "" 3. "" 1. reduC®d �6P.50 �, h nnrrxnnxx„" nn 1.2.3, "" 8. OverUled. i .T.Neeasen "" 9. block. 8. reduced �100.00 -' 12 "" 1 wauneta heights overuled. "' """" " Lots 10.11.12. block 9. overuled. "" 13. "" 9 reduced �51.70 t� �� 16.17.i8, nn 9 nxnnn each 34.00 g "" 14, 15, 9. overuled. `� rs Vti'aube Frerichs lots 4+(� 5. block 5. overvl©d. nnnn xn nnnn n 5, nnn �� nrur nn �? John Tjaden S.GV.� sEc 14-88-18. ov©ruled. tJ ',ur.n ,. - Counmil�can Geo A.Geerdes moved the a� t''�`' pasaa�e and adoption of �,� ` �he Resolution racking the assessment cs correct®d se now shown �_� ����' i on the plat and schedule. Motion seconded by C.C.R®iter. Mayor put the notion and the roll Ball resulted as follows, "Ayes". GEo A.Geerdee, D.J.RieY.ena, C.C.Reitor, B.H.Lindaman, W. A.i4eyer. "Nays". None. Mayor declared motion carriod and Resolution adopted. � resolution hereto attached and seeds part hereof). �, -- SE? 1 J 1921 - Rs�oie'rEd .t 7 �� ,� i�� �e-"....e`er( y"'�' � ! � 3 ��h'l. /.�-� � �es��..,.�.�..�:..-�L �1- 0 , ��..-,�� ..��. �d r,� � �- � � 9 � ��ef-a-•�"-may j/ , rti,,. ✓Y /Y ��-��..� �C,a�.a�r"`"`.7o a L - ,,,� �� - �/ ���[..¢a .s f '3ui��a ;.:iii�; . j_1"Q�V %2�/�a�l-�� � G_�"j�+-'ice._ ��� � _��� �. L �i: rore�nl Tsaor�*`i.. ' F S.a1TN. Ss, Be it re�olvgd by the T.: n Cnn,ciL o � _ ••,. . nftcr fail oonRidor _ Via.. plat s�ocin�- t•ro t.. '�c' ' o" certa n :,s it r `�.. ,..�„ r L M1 .i�:,y of _l 3d daldoPla;t un :�oh�,ltz � � .; ,��, a .�t � �., .,Ll�tr _ ` j�"�' y 19u0, end ,1 _ - o }�_ po8tsd secordin to sae la.-, a;-rd ob � i.io;t. i.o ;:sld z:r s e �rne,it� �n8 c.on idor d, that the so,-.@drae � ~ r follo�s; b@ etn;l t �.e e�.::e ire �r„r.;byoorr@et@,ti L.. The aceo: sme rt a€rai;-rot lot - �i:' o'ari<te3 to @t 4. — ©t6• �9b11 �8a �--!..._ SEP 1�9 i921 HENfiY 4V, PRA�,CT r��,- .r�.r_ Anfl :,i't@r fuel aoncider�.tion, a;�prai.sa;ae �t, u�t3 r�pportionme�tt oY the spooiel b;3ioi'ite conferred ul,on the pr�pert� e�,otan in ezTi . ch :ule F-l:l plot o' b,��,i improvement, thie counoil finis thtat th.a tee i:i :;rouert;;r is spaoia ly b:-nofitt@d by sai:i improvarnent, in the €zmountg e�,.orn on sFid ccitedule ae oorre:eted, [n3 thai; th@ amonnte ors in proportion to the epocir;.l b:nefite conferred ui::n the property b " ��. ' 9 I l r l l �� ��1 : . . . . . . . . . . . . S E ? 7 ) 1 3 1 1 R = P O R T G i �� i t C �� L ���� ��; E e , ' ' t : - . " e m s - . . . ��- r - ������. , �� ��, . " S ����v " , ��" ����" ��` 3 ` �� ��" = �� 1 ' . : ; > r 0 ' : ' _ i ' - i l t , a r i a t ��r ��i i 1 . t i : l a 6 a : . ; L O E ; B a i l a ��n a i L 6 , a n a a r e A a t i " �� ��g o o r e o P 2 g ? l o i ' t h e ��o t u a l v a 2 u o o f t t ��e l o t s , p i e o a 8 : _ r t d p a r c e l s o _ r �� o n n d s ; ? o v n i n E " . a i d s a ����e : ��a l o , e ; n d B e i t ��_ ' u r t h o r r e s o l v ��: i , t h a t t h o s a i d s a h : d ; : l e o �� a : s o a s m o , t t : r n 3 t h e a a c n r a P u n ; ; ��= n C ; p l a t b e , a n d t h a e a n e ' 6 r e h - r o b y ��, . ; ; o n t e d a n d : p p r o v . d , a r h o r o : i n c o : r o a t e d , r . n 3 t h a t t ��i e r e b e , c : n 3 t h e m ; i - s h e r e b y u s r o o s o : r �� l e v i e d a s i s s p e o i a l t a g & ��a i n s t a n d . u C x ��n o s c C �� o i : t h o l o t s , j ; i a s o r p e r c e Y e o � g r o u n d , a n . ��i t h e o s n e r s c a f o v ; u ; r t i ��o r a o i ' l i a b l e t o a : s e s e c : e : g t . f o r t r _ e c o s t o f r . ��. i d i m p r o v o m a n t a n d t h e r e a l e s t a t e r n d p a r s o ; t a l p r o p ��r t ; �� o f t ��o x a i L �� c ; y C o m , , a n y e ' n ��a c ; l i n s a i d s c h e d u l e , t h ; r o s p o a t i v e ; : n m E . s i x o g n i ��. - ��' . i : ' : u r o s s o t a p n o E : , i t e a a o h o f t h e s a m e , a E ! 8 o r r " . a a t a d b y t h i s r e a o l u t l o n o n c i c a o u n t o f t h e c o s t o i ' t h a o o n s t r u a t i o n o : ' s a : t 3 i , : t p r o v , m . , n t , a n 3 t h e r a i : a t x s ��e s s m ��, n t s a f ; c . i n t t s a i . ; l o t s , p 4 e c a s u n 3 p a a e ' - s o _ ��r o u ��3 E z r a h e r e b y , 9 e a l a r e 3 t o b ' s i : i p r o p o i " t i o ; i L o t h o e p e a i ��. l b : r e f i t s c o i : C ' s r r e d u p o i B a i l " p r o p o r t ; �� b - B i i i d i r ��p r o v ��m e n t , a n t i , t o t i n e r _ a a s s t i , ; r o o f , a n d n o t i u e x o e s B o f 2 ! 3 y ��o f t h e v a l e * o f t h a B A r ; : ; , a n d t h e i < ; a y o r a n 3 f l o w n C l e r ' ��: a r e ��. r e b y i : : E , t r u c t ; d t o i s s u e , a n d d o l i v ��r t . z o a E s s o a e r ��e : t t b c . z $ B t h a : ��� f o r i n a a c o r d . . n a o p i t h t h e L a w . ����% - G ���� �� " �� _ . . _ _ _ . _ _ _ _ . _ O t t : e t x C L c ; _ . . - _ _ . _ _ _ E a a F n d ��s y v o . : a r c a o r d ; : d . - - i w �� 2�� Finanoial Condition of the Town of �ihlleburg, in the County of Grundy, Stat• of Iowa, on the day of � 197n, at the tim. of the adoption and approval of theanrOrdinancs� titled "ordinnnae Na. , prnviding for the iaau:anoe of bonds in the aum of ')A,On(a far the yurnoss of defr�y- ing the coat of yewera," as shown by the Official Rsdorda. Aassasod actual value of all taxable proPeY"tY within acid Town (except moneys and ersdits) equalised for �$?1,728.00 the year 19?0. ?axabla value of all tazabla property within said Town (ezoept moneys and aredita) equeliasd for tde 3205.43?.DO year 1g2C. Aeaeased actual velw of monaya and oredita within said Town, equalised far the year 19�. not inoluded $255,7�.� in any of the foregoing tigur�s. Amount of nrouosed issue of $� Sewer Bond,. to be dated Dseember let, 1920, not included in the follow- � 4,DE�.GO ixs6 Dobt 5tatemente, Total bonded indebtedness � 3'�0'� All other indebtedness of any kind. NOnO' Population, census 1915 3� Present population, estfm3tmd 4Q$ Certified to by me, with the Toap Seal •ffixediq�•wellsburg, Iowa, this _ day of __ own CUrk. �,; s �7� ,,: i �r , .ORDINANCE ND.�. AD Ordinanaa providing for an annual tax and for the iasueaoa of bonds is anticipation of the sellsation thereof 1a the arm of g3,000, for the purpess of defraying the Dort of v outlet and purifying cleat for sewers. W:�'�1:,Ag, The Town of Wellsburg, in the County of Grundy, State oY Iawa� is as inaorporntad Towr, duly organised, and existing under and by virtw of the Lava ani Gonstitution of the State of Iona; rnd WHEREAS. Said Town hereto fora, pursuant to and iA strict complinnd � with all laws applicable, to said Town and in partiauler the plrorisions of Chapter lot Title V of the Cede of Iowa, and all lave amendatory thereof or sub- rtitutire therefor or additional or suppla�ntary tharsio, lawfully ordered ani asntraeted for an outlet and purifying plant !or the awns of said Town, the scat thereof to be paid to the amount of Thrss Theuaand Dollars ($j,000) tree the sewer out lot and purifying plant fund tax to be levied on all the property with. in said Town, and it ie now advisable to make definite provision relatire to payment for said sewer outlet and purifying plant, such previsions having not yet been roads; sad W�RISAS, Other then the contract for the aforesaid outlet and purifying plant, said Tosn has at no time hereto fors aontrnoted or incurred any obligation payable from the taxes authorised by Chapter 41 of the Laws of the Thirty-second Caasral Assembly of Iowa nr Section. 840.g ei the Supplement to the Cods of Iowa, 1915, and has nt no time dons anything to prevent the collection end application of such taxes as hereinafter provided; it is therofore OADAINBD, By the Town Council of the Tawn of tTlellaburg, Iowa. Saetien 1. That - in pureuanae to Section 840-g of the Supplemental Supplement to the Code, 1915, and Sections 912 of the Code of Iowa, there shall be and there is hereby levied, end there shall ba assessed and collected, a direct tax of Firs (5) mills on tje dollar upon all the tazabls property within said Town for the year 292D, for oolleotion during the year 1921, and a direct annual tax of Fire (5) ffills on the dollar upon all the taxable property within the Town for the year 1921, for eellaation during the year 1922, and a direct annual tax of Fivs (5) mills on the dollar upon all the taxable property within said Town for each of the Feur (4) next suaoeading oonseautive yearn (beginning with the leviae of the year 1922 for aollaetion during the year I92j, end ending with the Series of � the year 1925 ter ooll•otiex during the year 1926). Section 2. Said taxes shall be oollsatsd each year in the cams time agd manner aa, and with, and in addition to all other taxes in sad for said tows, and when se oellsated shall be aonrerted into a fund to be known as the "Bawer Outlet and Purifying Flant Funi," which is hereby pledged for and shall be used Daly for the payment of the principal and intdrest of the bonds hereinafter authorised to ba issued; and in said fumd thus pledged there shall be included annually alI sums which may be legally Secluded under the apportionment of millage tax providsi ter by Section 1 of Chapter 6j of the Laws of the j4th General ►asambly of Iowa. Sootion 3• In anticipation of the eolleation of the nioreeaid taxes there err hereby authorised to be issued Six (6) negotiable Seser Outlet and Purifying Plant Bonds of said Y'ewn, numbered eonssautively from One (i) to Six (6) both nuabers inclusive, which bonds shall be in the dsaomination of $gb0 each; all bonds shall ba dated the First day of December, 1920, and rhell bear interest from and after the date thereof until paid at the rate of Firs per aantum (5�) per aaaua, payable semi'.axnually on the First days of 1�ay sni November in each year, such interest to ba aridaneed by negotiable coupons attached to each bond; both principal and in`tsreet payable in lawful money of the United S#ataa of America, at the Banking Hausa of Gso. Y. Bechtel &Company, in the City of Davenport, State of Iewa, Said bonds shall become due and payable in their numerical Drier ae follows: -!i ��, - - - . _ . . . . i B o n d P I o . 1 , ��5 0 0 . o n t h e ? i r e : d a y o f ` b v e m b e r , 1 9 2 5 . ' ' " B o n d N o . 2 , ��3 0 0 , o n t h e F i r s t d q F o f I J o 7 e m ' a e r , 1 Q 2 ' 5 . ��3 B o n d N o . 3 , ��' i 0 0 , e - ^ " t } e F i r s t d a y o f ` i o v e W b e r , 1 9 2 } " h . / B o n d P T o , 4 , ; 3 0 0 , o n t h e F i r s t d �� o f ' T o v e m b e r , i 9 2 4 . > ' 7 ^ ' B o n d ' " ' o . 5 , ��5 0 0 , o n t h e F i r e t d a ; + o f : T o z e r b e r , 2 9 2 � , �� ' B o n d ? f o . 6 , ��5 0 0 , o n t h e F i r s t d g f f o f : d o " r e m b e r , 1 g 2 6 ����" J , S e c t i o n 4 . T h e b o n d s h e r e b y a u t T t o r i z e d s h a l l b e i n f o r m s u b s t / / a n t i s l l y ' , ' a s f o l l o v F s : ( F o r m o f B o n d ) D T o . . . . . �� 9 S D O ' , U I T I T E D S T A T E S O e A ' ��R I C A , S T A T E O F I 0 9 1 A , C O U : i 1 ' Y O F G R V . D Y , �� T U B ? : O F N t E L L 5 3 U R G , R O U T L E f A : D P U R I F Y I ' 7 0 T h e T o w n o f 1 ' f e l l s b u r g , i r . t h e S t a t e o f I o w a , f o r v a l u e r e c e i v e d , p r o m i e e s t o p a y t o b e a r e r F i v e H u n d r e d D o l l a r s , l a w f u l : H o n e y o f t h e u n i t e d S t a t e s o f A m e r i c a , o n t h e F i r s t d a y o f P ' o v e a i b a r , 1 Q . . . . . , w i t Y , i n t e r e s t o n s a i d s u m f r o m t h e d a t a h e r e o f u n t i l p a i d , a t t h e r a t e o f F i v e p e r c e n t u m p e r a n n u m , p a y a b l e s e m i . a n n u a l l y o n t h e F i r s t d a y s o f ? ` t a y a n d N o v e m b e r i n e a c h y e a r , u p o n p r e s e n t a t i o n a n d s u r r e n d e r o f t h e i n t e r e s t c o u p o n s h e r e t o a t t a c h e d ; b o t h p r i n c i p a l a n d i n t e r e s t p a y a b l e a t t h e B a n k i n g H o u s e o f G e o . I d . B e c h t e l & G o m p s n y , i n t h e C i t y o f D a v e n p o r t , S t a t e o f I o w a . T h i s b o n d i s o n e o f a s e r i e s o f b o n d s i s s u e d , b y s a i d T o w n o f F d e l l s b u r g , p u r s u a n t t o a n d i n s t r i c t c o m p l i a n c e w i t h t h e p o v i s i o n s o f C h a p t e r 7 a n d 1 2 o f T i t l e G o f t h e C o d e o f I o ^ r a a n d a l l l a w s a r n e ����d , ��r y t h e r e o f a n d s u p p l e m e n t a r y t h e r e t o , a n d i n p a r t i c u l a r S e c t i o n q 1 2 o f t h e ��T o a e n d w 4 0 . . g o f t h e S u p p l e m e n t a l S u p p l e m e n t t o t h e C o d e , l g l j , e n d i n c o n f o r s i t y ��x i t h a n o r d i n a n c e o f t h e C o u n c i l o f s a i d T o w n , d u l y p a s s e d , a t ��p r o v e d a n d p u b l i s h e d , a c o r r e c t a n d c o m p l e t e c o p y o f w h i c h i s . p r i n t e d o n t h e ��a c k o f t h i s b o n d , f o s ' ' t h e p u r p o s e o f d e f r a y i n g t h e e x p a n s e o f t h e c o n s t r u c t i o n o f a n o u t l e t a n d p u r i . ` y i n g p l a n t f o r t h e s e w e r s o f s a i d t o w n . , A n d i t i s H e r e b y C e r t i f i e d a n d R e c i t e d : T h a t a l l a c t s , c o n d i t i o n s a n d t h i n g s r e q u i r e d b y t h e l a w s a n d C o r . s t i t u t i o : r o f t h e S t a t e o f I o a r a t o e x i s t , ' t o b e h a d , t o b e d o n e , o r t o b e p e r f o r m e d p r e c e d e n t t o a n d i n t h e i s s u e o f t h i s b o n d , " w e r e a n d h a v e b e e n n r o p a r l y e x i s t e n t , h a d , d o n e a n d p e r f o r m e d i r . r e g u l a r a z t d d u e f o r m a n d t i m e ; t h a t t h i s b o n d a n d t h e i n t e r a c t h e r e o ��j a r e p a y a b l e e x c l u s i v e l y f r o m t h e p r o c s e d s o f a s u f f i c i e n t c o n t i n u i n g a n n u a l t a x , w h i c h h a s b e e r . d u l y l e v i e d o n �� a l l t h e t a x a b l e p r o p e r t y w i t h i n s a i d T o w n , a r . d i s p l e d g e d s o l e l y f o r t h e p a y m o n t : �� o f t h e p r i n c i p a l a n d i n t e r e s t o f s a i d s e r i e s o f b o n d s a n d d o e s s o t e x c e e d t h e r a t e a u t h o r i z e d b y . l a w ; t h a t t h e f a i t h , c r e d i t , r e v e n u e s a n d r e s o u r c e s a n d a l l t h e r e a l a n d p e r s o n a l p r o p o r t y o f s a i d T o a m a r e h e r e b y i r r e v o c a b l y p l e d g e d f o r t ' t e r e g u l a r z v n d d u e c o l l e d t i o n a n d p r o p e r a p p l i c a t i o n o f s a i d t a x ; a n d t h a t t h e t o t a l i n d e b t e d . . 1 H e s s o f s a i d T o w n , i n c l u d i n g t : ��i s b o Y d , d o a s n o t e x c e e d t h e C o n a t i t u t i o r . a l o r " �� S t a t u t o r y l i m i t a t i o n s o f i n d e b t e d n e s s o r t a x a t i o n , I n T e s t i m o n y T , ; . e r e o f , a c i d T o w r . , b y i t s C o u n c i l , h a s c a u s e d t h i s b o n d t o b e s i g n e d b y i t s P d a y o r , e n d a t t e s t e d b y i t s C l e r k , t w i t h t h e S e a l o f s a i d T o w n a f f i x e d , a e o f t h e F i r e t d a y o f D e c o n t b a r , 1 9 2 0 . . . . . . . . . . . . . . . . . . . . . . . . . . . T d a y o r o f t h e T o s v r . o f " T + ! e l l . s b u r g . A t t e s t : . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . C l e r k o f t h e T o w n o f ' r 9 e l l s b u r g , �� , ( F o r m o f T o w n T r e a s u r e r ' s C e r t i f i c a t e t o b e p r i n t e d o n t h e b a c k o f e a c h b o n d ) r : T o w n T r e a s u r e r ' a C e r t i f i c a t e . S t a t e o f I o t v ���� ' C o u n t y o f G r u n d y : S S T o v n o f P l e l l s b u r g : T h i s b o n d d u l y a n d p r o p e r l y r e g i s t e r e d i n m y o f f i c e a s o f t h e F i r s t d a y ' o f D e c e m b e r , 1 9 2 0 . ' , .................................. Trsaeunr of tys Tea sf blleburg. (Form of Coupon) 1Cs..... �........ VdZLLSHURG, IONA. Oa...........................1, 19....., the Treasurer of the Town et Telleburg, Iona, rill pay to bearer..............................Dollars sad ................ ............Conte, at the Honking House of Gee. 6�. Bechtel 8 Company, Dnvenport, Iowa, for aemi.annual interest on its sewer Outlet sad Purifying Plant Boad, iated December 1, 192�, tie..... Itayos of the Taiss•ef•Walleburg. Attest:............ .................. Cierk et the Towa of !6ellaburg t ��) sectioa 5. Said bonds hereby authorised shall oath ba signed by the kayos ani atteeied by tho Torn Clerk, with the Toro Seal ,affixed; and the £nterset oeu�peas thereto. attached shall eaoh bs executed in the eases manxer, sued when so eireautei said bonds shall ba delivered to the Tons Treasurer aai shall be by him registered, issued and delivered to the puratuser thereof, for the purpo n of providing payment for the aforesaid outlet and purifying plant for the sewers of said Town. - Booties 6. The taxes provided tar in Seotions 1 end 2 of this Ordinance shall be Uvied for the year therein mentioned, nt the rat• stated, said shall, if afeded, be levies luring end after the aforesaid years to the full rate and extent authorised by law, for credit to the aforesaid Serer Outlet and Purifying Plammt .fund, until the priaaipal and inters et of the aforesaid bonds have been lolly paid awd disehergei; and the Town Clerk shall in sue time, manner end »aeon oertity to th• County Auditor the taxes herein provided for; and duo pesovieion to mast the requirements of this Ordinanea shall bs included sash year in the approprinti,ons sad tax levies, and said Town hereby obligates itself annually fn due tins, manses � sad season to perform sad take all notion authorised or required by the lays and Ceastitutiott of the Stets of Iowa to oarry out the provisions of this Oriineaes. Section 7. This Ordittance shall be irrepsalabls until all the aforesaid bonds, both prinaipal and interest, era fully paid and discharged. Saotion 8, All ordinanaee ani resolutions or ports oS ordinances end resolutions in oonfliet herewith be and the some ors hereby rilesled. � Section 9. This Ordittattcs shall take effect and be in terse from end 4 after its passage suss publioatioa as by Statute provides. � Passed, OC�/Q�-� � � , 1926. �� I ���_ MsO'er. Attest • = `�`%��' � - Town Cierk. . r w r r' w r r Thia griiaaaaa is h�rw '� 192D. D7 a�ewwi tlia - ' � •f f - <' ajar. tttart : � `� �" � i �� Town Clerk. iaq o f oU` f._�_��,_ �_',-�_H��a �s • f fieiall� ahad as tea_ �y a legal ssrapaper published in the �a ott�t��� �_4_- t t` llsiae�; �'"� ORDZNAtICE NO.�. "An Ordinance provl3Lng for the issuanee of bonds in the su$ of $4,D00, for the hurpn a of defraying the co et of agars. WRSRAB, The Town of �9sllsburg, in the Co wYty of Grundy,, 9tats of Iowa., is a h4unieipal Corporation, duly ineorporated, organised ed existing under gad by virtw of the general laws and Conetitutien o! the State of Iola; and said Town constitutes one awer distriet; and liH&R:�.AS, Said Town, heretofore pursuant to and in a*.riot rr�riplisnce with all lama applicable to said Town, and 1n particular, the provision■ of Chapter 7 of Tit la Y of the Coda of Iowa, and all lava amendatory thereof or substitutive therefor er additional or supplementary thereto, lawfully ordered and eontracted for certain sewers, the cost thereof to the amount of over Four Thousand {$4,ODD) Dollars to be paid at the general expen a of said Town and the work eontraeted for has bash duly completed in eomp7.iance with cog tract; and it is now sdvisable to make definite provision relative to payment for said work, such provision having not yet been made; and it is therefor ORDAINED, by the Town Council of the Town o4 �Asileburg. Fewa: Section 1. That in pursuanes of Chapter 2Aj of the Laws 6f the Thirty - Eighth General Assembly of Iogva, there ore hereby authorised to be issued Eight (8) asgotiable Seser Bonds of said Town, numbered consecutively ftbm One (1) to Eight (8), whioh Bonds shall be in the denomination of ;�§00 each. All bonds shall be dated the First day of Deaaaber, 19�D, and 6sar interest frog and after the date thereof until paid at the rate of Firs per oentum ('S%) per annum, payable ami-annually on the First days of :dty and Npvemt»r in sash year, eueh interest to be evidenoed by negotiable coupons attached to each bond; both principal and irrt •rest payable in lawful coney of the United States of America at the Basking house of Geo. B1. Bechtel &Company, in the City of Davenport, State of Iowa. Said bonds shall become due and payable in their numerical order ae fellows: Bend Ne. 1, $500, on the First day of November, 1923. Bond No. 2, $500, on the iYret day of No wmbsr, 1924. Bond No. 3. .')5D0, on the First day of November, 1�25. Bond No. 4, $500, on the First day o4 November, 192b. Bond No. S, i5t10. on the First day of November, 1927. �--�" Bond Ne• 6, $500, on the First day of November, 1928. _- — Bend No. 7. $500, on the First day of November, 1929• Bond No. 8, $5D0, on the First day of November, 1930. Section 2. The .Sewer Gonda hereby authorised •hall be in form sulssta'- tially se fallawe: (Form of Bond.) Ne UNITED STATF,S OF ABN;RICA, $5(?0 STATE OF IOY7A? COUNTY DF GRUNDY, TD�9N OF ,±,I,I,SBURG, 3�!?N!JSR }7D*Il). The Tows of 97�llaburg, in the State of Iowa, for value received, promia a to pay to bearer Five Hundred Dollars, lawful money of the United States of America, on the First day of November, 19 ,with interest oei said sum from the date hereof until paid, at the rats of Fiw par aentum per aanum, pay- able semi. annually en the first days of L[ay and Nowmbsr in e�nch year, upon preaeatation and surrender of the interest coupons hereto attached; both principal and interest payable at the Banking Nouse of Gas. Fd. Bechtel &Company, in the CitS of Davenport, State of Iowa. This bead is issued by the Toru of 9� llaburg, pursuant to and la strict esglisree rith tba provisions of Chapter 243. Law of She Thirty eighth General Aeseably of Iona, and in conformity with as Qrdinrnc• of the Council of said Town, duly passed and approved, for tha_purpo sa of drfrayiag the co st of the construction of Ssrera for said Torn. And it is Hereby Certified and Reaitsd: That all sate, aonditiens and things, required by the lars and Conetitutien of the Stets of Iowa, t• •xirt, to b• had, to be dons, or to bs performed precedent to and in tM issue of this bond, n ro and have been properly •xi'atent, had, done tad psrforssd in �gnlar tnd due farts and time as xequirsd by lar; that the faith, credit. rsvrnuar and rssouraes and all the real and personal property of said "'own are irrevoeaDly pledged for the prompt payment of the principal and interret hereof at maturity; and that the total indebtedness of said Torn dons not exeud the Constitutional or Statutory limitations. Attest ?10..... In Testimony 'dhersof, said Torn, by its Couroll, hu caused this bond to be signed by its Piayor aid attested by the Torn Clerk, rich the 5ra1 of said Tern affixed, as of the First day of Daaembsr. 1920. % (gorm of Coupon.) 'ib;I.L;,BURC, 7A'YA. On 1, 19 the Treasurer of the Town of Ptslleburg, Iora, rill pay to bearer Dollars at tM Banking House of Gso. H. Bechtel � Company, Davenport, Iona, for semi. annual interest on its Sewer 3ard, dated December 1st, 1920, IJo..... Glerk o the Sore o Wellsburg. On the back of •soh bond shall bs endorsed the eartifionta of the Torn "'rrasurer in the following tors: Torn Treasurer's Certificate. State of Iona County of Crundy: SS Torn of Wellsburg: This bond duly and properly registered in my office ae of the fiirst day of December, 1S?�. Treasurer of the Town of `'sllsburg. Seatioa 3. Thr bonds hrrebq authorised shall each bs signed by the 4iayor, and attested by the Tcwn Clerk, rith thr seal rt the Town affixed, and the Satarwst coupons thereto attached shall each be executed with the signature of the Toem Clerk; and when eo executed said bonds shall be ds_ livered to the Town 'Preasurar and shall br by him registered and delivered to the purchaser thereof. 9eetion �. The Tom Co�a+ail shall eameally levy a ta: rpen all the taXaDle property within said Town, Sn additiaa to the lsr7r authori:ed for other purposes, a enffieient sum to pay the iat•»st eeupene ea the beads hereby anthori:ed as and shore the acme mature end aloe to sake adequate provision for the payment of the principal of said bonds K their aaturity, and the monaya arising from such levies shall be used for the p�yseent of said Sate»et oounons and bonds, and for no other purooae erhats�er. Seetiam 5. All ordinances and rsselutiona or parts of ordinsnees and resolutions in conflict hsrsaith, be and the sores are he»by repealed. section 6. This ordinance shall take •fleet and be ire fora. from and 1tf#ar its pafaaga/mQad publication, as by etatuta provided. Pussd o"�"-v � O � , 1920. r. Att a et Town Clerk. rw �r wr �w �r ww This or inanss it he»by approved this � �' day of � / 192D. 7 _.� �_....v,...�..� ta,Io �. .--- - � � -- - - - �saAcy .® ale:�x. �` �/' �4� z z > qz o, �-�� C?�""" " y