The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1902-09-02
CITY ORDINANCE.
Ordinance No. t27.


9 amount of each to be issued
Nying taxes to pay the interest on
me. and providing for a sinking
md for the payment Of the same at
aturity, and for other purposes
4 ordained by the city codncil OF
T. city Of Ardmore, Indian Terri
Fy;
tction 1. That the mayor OF the
dof Ardmore, Indian Territory
! hereby call special election
g. held in the city of Ardmore not
than the 18th day of October
for the purpose CT voting on the
atoms of issuing s15O.OOO for water
KS bonds. and s25,OOO for school
ae bonds, each bearing interest at
rate of 5 per centum per annum
smaturing twenty years from date
ISSUANCE.
sc. 2. Those voting for the is
lace of such bonds shall have
he'd on their tickets, "For the Is
Zee of $15O,OOO at per centum'
-oty years waterworks bonds. For
issuance Of $4,000 at per centum
Atv year school house bonds.
n those voting against the issuance
r aid bonds shall have printed on
II tickets. Against the issuance
, 100000 5 per centum twenty years
> ,rworks bonds. Against the issu-
= of $4,000 per centum twenty
!, s school house bonds"
L c. 3. That the mayor shall call
I election as is provided for by law
d he manner by law prescribed, and
G same shall be held and conduct
a as by law required.
1 &c. A. That If two thirds of the quail
voters of the city of Ardmore,
" ng. after having had such cleo
shall vote for the issuance OF
\ er or both of said bonds, the said
dis shall be issued as is provided
\ by law, and there shall be levied
collected, annually, for the term
wenty years from date Of the issu-
of said bonds, a tax of 2-7 mills
n each dollar of all the taxable
berty, both real and personal, in
city of Ardmore, Indian Terri
the proceeds of such tax shall
ised in paying the annual interest
laid waterworks bonds, and which
interest shall be paid semi-an-
lily as required by law, and to pro-
a sinking fund for the payment
he principal thereafter at matur-
And a tax of 4 2-7 mills upon
dollar of all the taxable proper
both real and personal, in the city
Ardmore, Indian Territory, is here
evied for the term of twenty years
d the date of the issuance of said
erworks bonds, or so long as may
Necessary, for the purpose of pro
Ing a sinking fund to pay off and
harge the principal of said water
'TTlls bonds at maturity The prin
A of said fund shall in no instance
| used for any other purpose. AND
hx of 81 mills upon each dollar
, III the taxable property, both rea
personal, in the city of Ardmore
an Territory, is hereby levied fol
term of twenty years from the dat'
he issuance of said school house
DIS, or so long as may be neces
for the purpose of paying the an
] interest on said school housC
DIS which said interest shall b.
semi-annually as required b.
p and to provide a sinking funt
the payment of the principal there
r at maturity. And tax OF s.
s upon each dollar of all the tax
property, both real and person
N the city of Ardmore, Indian Tel
cy is hereby levied for the tern
iwenty years from the date of tn
tlnec OF said school house bonds
20 long as may be necessary, TO
purpose of providing a sinkin
'T~1 to pay off and discharge IN
of said bonds at maturit!
,uuxS principal of said fund shall /
Instance be used for any other pu
- k Provided, always, that sal
council shall have the right an
to reduce said taxes, as the a.
<3ment of the taxable pro-
in said town is increase,
NJ in no event shall sal
s be reduced to such an e,
- that there shall not be suficieI
lnue to pay the interest of eithC
Moth of said bonds as require
TO pay off and discharge the pri
of either or both bonds with
:. bty years from the date of the |
- hce of said bonds.
-