The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1906-05-29
0br Dailp Aromorritt.
CITY ORDINANCES.
Ordinance No. 2o4.


non bonds Of the City OF Ardmore'
Indian Territory. to the aggregate
.ooyn, of s35. 900 for the purpose |
., constructing school houses In and
for said City. prescribing the form
of said bonds and Of the interest,"
coupons to be thereto attacned' pro
vid,ng for the levy Of tax sum
e,en, TO pay the interest on said
bonds and 10 create and maintain
sinking fund 20 discharge the primer
nal thereof az maturity, and hNing
,be other details Of the issue.
Whereas. at special election call
ea and held In the City Of Ardmore'
Indian Territory. in all respects IN
compliance with law on the 7th day oi
Aprii. A. D.. 1906, more than TWO
thirds of the qualified electors OF sara
city. who we're also the owners d rear
or personal property subject to TAXA
lion within said city. voted aihrma'
lively in favor Of the Issuance of the
negotiable coupon bonds Of said city
10 the negotiable amount Of sS5'Voo ioF
the purpose Of providing funds Tor con
structing schoul houses In ana ror
said city; and
Whereas. said issue Of bonds has
been approved ~ the Secretary OF the
Interior Of the United states. Now
therefore.
BE Il ordained by the City Conncil of
the City a Ardmore, Indian Terri
tory.
section 1. That for the purpose OF
providIng funds for constructing
school houses In and for the City oi
Ardmore. Indian Territory. there shall
be and there are hereby ordered and
directed 10 be issued the negotiable
ooupon bonds q said City to the az
prerate amount Of $4,000. Said bonds
shall be thirty.hve 1857 In number
numbered from G) 20 thirty.nve t55)
both inclusive. Of the denomination oi
one thousand dollars $4,000 each
shall bear date % May l, A. d, 1906
shall become due and payable on the
lvt day ~ May. A. D., 1926. Provided
however. that s3O.OOo.OO In amount o'
said. bonds being bonds from TO 80
both inclusive. shall be redeomable al
the option Of said city before thelr ao
snlute date OF maturity. as follows 10
wit: on May lst, A. D. 1921.
Said bonds shall bear Interest from
and after their date until paid at th'
rate of Ave 90 per oentum per annun
payable somiannually on the LIST days
of May and November In each year
which interest payments shall be eyi
dcncod by proper coupons attached Il
each bond. and both principal ana IN
terest shall be payable In lawful mon
ey OF the United States Of America q
the National Bank Of Commerce, II
The city and state Of New York.
Sec. ?. That each Of said bond
and each Of the interest coupon
thereto attached shall be In substar
TALLY the following forms, respective
~. to-wit:
CForm Of Bond. Absolute 20 ". Bond
UNITED STATES OF AMERICA.
INDIAN TERRITORY.
CITY OF ARDMoRE.
School Building Boad,
No slO0
Know all mon by there present
Tint the CITY Of Ardmo q, iadiin Tc
ritory. acknowledges uSsif 70 owo. an
for value 'ceiyed ae.voy prom 'scs
nay 10 bearer on the first day OF Ma
A. d.. 1926. the principal sum Of on
THOUSAND Dollars. with interest ther
ON from the date hereof until paid
the rate Of Five Per centum per a
mum. payahlc semi annually on II
hrst DAYS OF May and November
each year. as evidenced by and up'
the presentation and surrender OF q
annexed interest coupons as they So
orally become due; both principal M
interest payable in lawful money
the United states Of America, at q
National Bank Of Commerce, In &
city and state q New York. And
the prompt payment hereof both pr
clpal and interest as the same heeo'
due the full faith, credit and reso'
ces of said city are heteby irreyoce'
pledged
This bond Is issued by said City
the purpose q providing funds
constructing school houses In ana
said city under an ordinance d'
passed by the City Council Of 81
city, and In accordance with the "
OF more than two-thirds of the qu'
fed electors OF said city, who W.
- ar ~