The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1902-06-01
ORDINANCE NO. los.

An ordinance providing Tor
special election 10 be held in the
city Of ChIckasha, 10 determine
the question OF issuing school and
sewer bonds, specifying the
amount Of each 10 be issued, levy.
inf q tax sunsient to pay the in-
terest on same ana TO provioe a
sinking fusd Tor the payment q
the same al ma,u.iy and fo- no
other purpos,s
He il ordained BY the city coun-
Gil OF the city Of Chickasha;
Sec. That The mayor Of the
city of ohielasha is hereby au-
thorized and directed TO call
special election to be held IN the
city of Chickasha, 10 be held not
not later than Monday the 30th
day OF June 902, for the purpose
Of voting on the question of issu-
ing sixty-dve thousand dollars in
school bonds, and twenty five
thousand dollars in sewer bonds,
each bearing interest at the rate
I of five per cent per annum, and
maturing in twenty years from
date of issue.
Sec. 2. That those voting for
the issuance of such bonds shall
have printed on the tickets. 'sFor
the issuance of sixty five thousand
dollars, per cent 20 year school
bonds" For the issuance of
twenty five thousand, per cent
20 year sewer bonds" snd 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 8 per cent
20 year sewer bonds"
Sec. 8. 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 elec-
tions in cities and towns.
Sec. A. That if two-thirds of
the qualified voters of the city of
Chickasha. voting at such elec-
tion, 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 vi the city of Chlck-
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 sinking
fund for the payment of the prin-
cipal thereof on the dollar at ma
turity, and one and hreefourth
mills is hereby levied on all the
saxable property within the cor.
porate limits Of the city Of Chick
asha, the proceeds of which tax
shall be used for paying the an
nual interest on said sewer
boads and TO provide a sinking
fund for the payment of the prin.
cipal thereof at maturity, and
said funds shall in no instance
be 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 and ac-
counted for. and the said city
treasurer shall keep such funds
and apart from all other
funds OF the said city Of Chicka-
sha and such funds shall be APP
piled by HIM to the payment of
the interest and principal of such
bonds in such manner as may
hereafter be 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
publication.
Passed and approved this the
,2nd day of May 1902.
b. P. Smith, President pro TEN,
w. Z. Cloud, City clerk.
Printed this Oath day of May
O0O