Bond Issues - Historical Notes

A listing of the acts which authorized various bond issues for Van Buren County is included below for reference purposes, although these acts are no longer current. Also referenced below are acts which repeal prior law without providing new substantive provisions.

Buildings

1. Private Acts of 1951, Chapter 250, permitted the Quarterly County Court to issue $18,000 in 5%, 30 year bonds to build a public county building which would give space to the County Agent of Van Buren County and to the employees of the Agricultural Adjustment Administration. A Committee of five would be appointed by the court to serve as a Building Committee to supervise the operation. Details of the issue were spelled out and the tax levy provided. The Trustee would handle the funds and the building had to be used for public purposes.

Roads

1. Private Acts of 1911, Chapter 578, authorized, subject to the outcome of a referendum held for that purpose, the Quarterly County Court of Van Buren County to issue $50,000 or any part thereof, of 5%, 30 year bonds for the purpose of building roads, macadamizing roads, building turnpikes, or improving existing roads. The tax levy for the sinking fund was properly provided for and the details of the issue as to the form was contained in the act. The County Trustee would handle all the funds. A "Good Roads Commission" would be formed to supervise the project composed of three citizens appointed by the County Court, one of whom would be a surveyor or engineer. The County Chairman and County Court Clerk would be ex officio members of the commission, and would be entitled to compensation allowed by the County Court for the services rendered, said compensation not to exceed $2.50 daily.