The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1906-04-13
CITY ORDINANCES.



honse bonds. $4,000 az 8 pr cent
2pyear xaterworIs bonds. and 500
900 s per cent 20-year sever bonds
BE & ordained by the city Council
u the city Of Ardmore Indian Terri
tory:
section ]. That there shall be
levied and collected annually fo- the
term % twenty years from the date
" the Issuance by The City Council
u the city of Ardmore. of $4,000 o.
3 per cent -5ysar school house bond
tax o. ouehalf ~ one min upon
each dollar % the taxable property %
aid city. both r' AMI personal prop
erty. the proceeds of such taE '0 BE-
used in paying tla annual Interest
spon said bonds. which said iu'e-.
sha11 b. ps.I mi annually as bE
Iaw required AI1 t3 r-ou'. . s.-s
ing fund far thu r.tu.-. 20 -..
principal O. said bond. same ---
lures. tax of oastaf of o. uNl
upon each dollar o. al .ia taxable
property. both real and personal. ia
sid city. shall be- levied and collect
ID annually f0r term % tEcu'y
years from The da,e % issuance %
cid bouds 90 20 !0uE as may Be
oeoossary 20 pay On and discharge
he principal Of said bonds az matuE-
Hy. There shall DO levied and collect
I'd annually for the term o. 20 years
from the date % the Issuance of t35'
so a; per cant 2oyear waterSorks
bynfs. a tax of oue-half % a MIL
upon each dollar of The taxable prop
srty Of said city both real and per.
sonai. the proceeds of such tax 90 D.
used in paying the annual Interest
upon said bonds, which said Interest
shall be paid sCmianuuaily. as by
lax required. And % provide a
sinking fund Tor the payment o. the
principal % said bonds as same mr..
trrrs a tax % one half q a mill
upon each dollar of all The taxable
property. both real and personal.
IN said city. shall he levied and
solicited annually FOR q term % 20
wears from the date of issuance %
said bonds or SO long as may be nee
essay 20 pny on and discharge tho
principal % SAID boads AZ maturity.
And there shall be levied and collect.
"a annualiy for the term Of 20 years
fro The date Of the issuynce OF $4,000
a, s per cent 20ycar sewer bonds. a
al OF nvcseyeuths o. mill upon
-Ach dollar Of taxable property OF
aid city. both real and personal. tho
proceeds % such tax 20 be used IN
psying the annual interest upon said
SSnds. which said Interest shall De
srid semiannually. as by law requir-
ID And 20 provide a stalking fund
Cor the payment of the principal %
-aid bonds as same natures tax ~
firoseyen,hs q a milfupon each dol.
lar OF all the taxable property boin
-uai and personal. In said city, shall
n lcyied and collected annually for
a term Of twenty years from the date
~ tho Issuance OF said bonds or 80
tong a. may b. necessary 10 pay on
ss1 discharge the principal OF said
bonds at maturity. The principal Of
said funds shall IN no instance b.
used for any other purpose. proyid'
ting always that the City Council shall
have tho right and power 10 reduce
said taxes as the assessment Of tho
taxahlc property in said city
h increased but In no
svcni shall said taxes b. reduced
% such an extent that there shall not
be suSclen, revenue arising there
from To pay The Interest upon said
honda. us by Law required. and 20
pay on and discharge the principal
~ said bonds. al maturity
SEC. 2. Said taxes shall be collected
~ the tax assessor and collector Of
said city. and by him delivered 20 the
City Treasurer the same as an other
taxes.
Soc. 3 That said city Troasuro-
sdiall keep said funds separate ana
spart from al other funds of said
City and said funds shall be applied
by him 20 the payment Of the Inter,
est and principal upon said bonds. as
may Dc provided by the the cry
Council
Sec. That this ordinance shall be
irrcpClisble on and after the date Of
the issuance Of said bonds by said
Cliy Council, and all oriinapccs OF
parts d7 ordinances In conflict here
with Is hereby repealed
Sec 8. That this Ordinance shall
Do in full force and effect from rs
passage and publication.