Indian chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1882-1902, 1902-08-14
RESOLUTION.

1
Whereas, under the authority Of the
Act Of Congress approved May 10, 1902
incorporated towns having population
Of two thousand or more are authorized
to issue bonds and borrow money there
on to be used for such purposes: and,
Whereas, a census Of she incorporated
Town Of Vinita has been taken by w. Q.
chamberlin, a suitable person duly ap
pointed for that purpose on the 18th dsy
Of June 1902 by the Honorable Joseph A.
Gill, Judge Of the United States court in
and for the northern district Of the In
dian territory, whose sworn return to
said judge shows the number Of inhabi-
tants Of the. incorporated Town Of Vinita
to be two thousand, seven hundred and
ten; and,
Whereas, the total valuation Of the
taxable property in the incorporated
town Of Vinita as shown by the asses
ment for the year 1902 for the purpose Of
taxation Is one million eighty thousand
dollars; and,
Whereas, Twelve Thousand Dollars
will be ample and suficientfor the build
ing Of school houses in the incorporated
town Of Vinita; and,
Whereas, the interest on Twelve Thou
sand Dollars at five per centum per an
mum could and would be more than IL
quidated by tax Of FIVE mills upon the
dollar Of the valuation Of taxable proper
ty in the incorporated town Of Vinita as
aforesaid; and,
Whereas, the said incorporated town
OF Vinita is free from any debt obliga-
ton or liability Of any kind whatsoever,
BE IT RESOLVED, by the
Council Of the Incorporated town Of vi
nita that for the purpose Of building
school houses within and for the incor-
porated town Of Vinita, the sum Of
Twelve Thousand Dollars should be ex-
pended aud in order to procure sid sum
Il Is necessary that the incorporated d
town Of Vinita issue bonds for that pur-
pose: therefore,
Be II Further Resolved, by the council
of the incorporated town Of Vinita, that
under and in accordance with the Act OF
Congress above referred TO, the following
proposition be submitted to the legal
voters OF the Incorporated town OF Vini.
Ia 10 be by them voted upon, on the
twenty-fifth day Of August 1902 to wit
"Shall bonds OF the incorporated tow
Of Vinita be issued to be used for tn.
purpose OF building school houses with
} in, and for the use Of the inhabitants Of
the incorporated town Of Vinita; sale
bonds to be Issued in the principal sun
of twelve thousand dollars in denomina
tions to suit purchaser and to be mum
bered from one upward, and 10 be known
as the Public School Building Bonds o
the incorporated town Of Vinita.
The principal sum of said bonds to b
paid in twenty years from the date o
issue, in lawful money Of the gni.es
States. and from the date Of their issu
anee to bear interest in like Lawful
money Of the United States, said interes
payable semi annually at the rate OF -
per centum per annum according to the
bid which shall be accepted by the coun
, ell OF the incorporated town Of Ninlta
not TO exceed five per centun per annum
and the advertisement for bids for saiC
bonds shall state that bidders are request
ed to make proposals for. four, four anS
one-half, and fiVe per cent bonds, prefer
euce being given to the offer bearing tn
lowest rate of interest against the pre-
= MUM offered for bonds having a highe
1. rate Of interest; said bonds to be signe,
, by the Mayor and counteTsigned BY tn
! Treasurer of this municipality, in thei
I official capacity, and under seal Of tn
: town; to have coupons attached theret
4 for interest accruing upon each bond an
each coupon shall be signed by the Mayo
u and countersigned by the Treasurer /
y their official capasity and attached to eac
: bond as 10 readily permit the removal q
A said coupons without mutilating IA
bond.
said bonds shall be sold by th
council Of the incorporated town Of V
/. nita by an advertisement for sealed biz
d at such time and in such manner as Il
said council may deem to be to the be
interest Of said town with the right
reject any and all bids, provided howeve
that the said council shall not 81
or dispose of said bonds or any Of the
at less than their par value.
That before the indebtness conler
|. plated by this resolution Is incurred pr
vision will be made by the coun,
Of the incorporated town Of Viuita
ordinance, which shall be irrepealabl
In for an annual tax sufficient to pay Il
interest on said bonds as the same IA
D. due, and also provide for the payne
q. and discharge Of the principal there
within twenty years from the date
III contracting the same.
That the twenty-hfth day of Augr
IA 1909 be and the same is designated a
=, set apart as a day upon which the qul
Ill ton Of issuance Of the bonds as herel
fore specified shall be voted upon by [
qualified voters Of the said iucorporat
g. town Of Vinita,
al And Be II Further Resolved, that I
notice of said election shall be signei
the Mayor and Recorder Of the incorp,
I'd ated town Of Vinita specifying the tn
and place Of holding said election a.
10 setting forth In full this resolution. sa
notice to be published in some uev
paper Of general circulation published
the incorporated town OF Vinita for
period Of four consecutive weeks prior
in said twenty-five day Of August 1902.
And Be II Further Resolved, that t
election shall be held on said day
ol tween the hours Of 8 a. m. and sum
10 of the same day at the place designats
- and conducted by election officers &C
sisiing of judges and clerks appointed
be the Judge Of the United States court
the northern district Of the Indian ter
70 tory. The qualified voters Of the inc
porated town Of Vinita shall vote at 81
election by ballot, upon which said b
90 lot shall be printed the following wor
is "Shall the incorporated town Of Vim
issue bonds and borrow money there
in the sum Of twelve thousand dollars
II, be used for the building Of school houi
"A In said incorporated town. YES
mo"