The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1902-06-12
ORDINANcE No. Los

An ordinance providing for a
special election TO be held in the
city OF Chiekasha, TO determine
the question Of issuing school and
sewer bonds, specifying the
amount of each to be issued, levy
inf a tax sufficient to pay the in
terest on same and 10 provide
sinking iuAd for the payment Of
the same at malulty and fo- no
other purposes.
Be il ordained by the city coun-
Gil OF the city of Chickasha;
Sec. That the mayor of the
city of chickasha is hereby au-
thorized aud directed TO call
special election to be held IN the
city Of Chickasha, to be held not
not later than Monday the Both
day OF June 902, for the purpose
Of voting on the question Of issu-
I1ng sixty-tlye thousand dollars in
school bonds, and twenty i've
thousand dollars in sewer bonds,
each bearing interest at the rate
of five per cent per annum, and
maturing iD twenty years from
date of issue.
Sec. 2. That those voting for
the issuance Of such bonds shall
have printed on the tickets. "For
the issuance of sixty five thousand
dollars, per cent 20 year school
bonds. I" "For the Issuance of
twenty five thousand, per cent
20 year sewer bonds" and those
voting against the issuance of
such bonds shall have printed on
their ticket, against the issuance
of sixty five thousand dollars
8 per cent 20 year school bonds"
against the issuance of twenty
five thousand dollars 5 per cent
20 year sewer bonds"
Sec. 3. That the mayor shall
call such election as is provided
by law-for holding special elec-
tions and the same shall be held
and conducted in the manner as
provided for holding special cleo
tions in cities and towns.
Sec. 4. That if two-thirds Of
the qualified voters Of the city OF
Chickasha. voting at such elec-
ton, shall vote for the issuance
of either or both of said bonds,
the said bonds shall be issued as
is provided by lawr, and there
hereby levied an annual tax on oil
taxable property within the corr
pofate limits Oithe city of Chick
asha three and one-fourth mills on
the dollar. the proceeds of which
tax shall be used IN paying the
annual interest on SAID school
bonds and to provide a sinking
fund for the payment of the prin-
cipal thereof on the dollar at ma
turity, and one and three fourth
mills-is hereby levied ON all the
taxable property within the cor.
porate limits of the city of Chick
asha, the proceeds OF which tax
shall be used for paying the an
Bual interest on said sever
bonds and to provide a sinking
fund for the payment of the prin.
cipal thereof at maturity, and
said funds shall in no instance
DE used for any other purpose.
Such taxes shall be collected by
the city collector and turned over
by him to the city treasurer as all
other taxes are collected aud ac-
counted for. and the said city |
treasurer shall keep such funds
separate and apart from all other
funds OF the said city of OhicKa-
sha and such funds shall be ap-
piled by him to the payment of
the interest and principal Of such
bonds in such manner as may
hereafter provided by the city |
council, or by the conditions ex-
pressed in said bonds.
Sec. 8. That this ordinance
shall be in full force and effect
from and after its passage and
publications
Passed and approved this the
22nd day of May 1902.
b. P. Smith, President pro TEN,
w. I. Cloud. City clerk.