The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1906-06-05
BOND ISSUE is o. x.
Formal Netice 10 That Effect Has
Been Received by Mayor.


Muskogee 20 the eject that the de.
partmont had approved the recent
bond issue Of $4,000 for municipal
improvements. II IS remembered that
Mayor Dick who went TO Chicago sew.
eral days ago In connection with the
bond issue states that he has receiy-
cd information from the contractors
that material has been ordered and
that the work will commence within
a few days. This will OF course, be
gratifying 20 the citizens Of the city
and Mayor Dick deserves special
credit FOR his efforts.
The following IS a copy Of the or.
der Issued by the interior department
and Is s1lfcXplanatory
United States Indian Inspector for
Indian Territory, Mlskogse, l. 4
Sir:
On April a, 1906. you transmitted
n petition for departmental consider.
alton In the matter Of the issuance OF
bonds for the city Of Ardmore. Chick.
asaw nation. Ind Ter. IN the sum q
$4,000 for school purposes, $4,000
for watorworks. and $4,000 for
sewers.
The Issuance Of these bonds Is re-
uuesied under the provisions Of sec
ton 80 Of the supplemental agree
ment with the Choctaw and Chlcfa
saw Nations ratified by the act Of
July /. 1902 t32 Stat. Gil).
From the record submitted II mp
pears that Ardmore Is a municipal
corporation with population. accord.
ing 70 the last census, OF 1896 peo.
pie. Of which 1900 are within the
scholastic age.
The value Of the taxable property.
according TO the last assessment, for
the purpose or taxation, Is s3,6i9,576
A-dmore has heretofore issued bonds
In the sum OF $4,000 prior TO tina.
time when under the law the appro.
-al OF the secretary Of the interior
of bonds, together with the proposed
issue q $4,000 bonds will make
total bonded Indebtedness of S295.-
600
The interest upon a bond issue OF
s295. 900 at per cent per annum
would amount TO sll.7jO; tax OF 5
mills on the dollar OF the valuation
OF the taxable property, which Is
shown to be s3.Gi9.576. would provide
a revenue Of SlS,2i7.SS. Thus Il ap-
pears the amount Of bonds desired
10 be issued by the City or Ardmore
comes within the usual limitations In
cases Of this character
Mr. John u. Benedict who inves-
ticatod the conditions in this town
in reference 20 schools, recommends
that the proposed bond issue be ap-
proved
You state that you believe tho e.
Of Ardmore is amply able 20 care
for the proposed boni issue, ana as
there IS NO doubt 1s 10 the necessity
for the public improvements desired,
YOU recommend that the issuance OF
bonds by the CITY ot Ardmore ia the
sum Of $4,000, Ior the purposes stat.
ed. be approved
There ere transmitted with the Pa
pers various protests OF the Indian
Home Realty Company Of Ardmore,
Ind T., relative 20 the action ot the
town authorities IN accepting the bid
uf Mason, Lewis & Company ioi the
bonds. Il is clsimed that the bid of ih,
Indian Home Realty Company Wa,
s6i6lO higher than that OF the hid
Of Mason, Lewis 4 Company,
The department IS requested "a
take no action relative the approval
uf this issue. IN view Of this act OF
the town authorities.
Reporting May 10, 1906, the lndiar
once states that II believes 1t is not
part Of the duty OF the department tC
decide which II either, of the bid
sail be accepted. There were eight
competitors for the bonds, and 'h'
duty Of rejecting or accepting any G
the bids Is vested in the authorities
Of the town OF Ardmore. II conturi
in your recommendation that hit
issue Of bonds be approved. A eon!
Of It's letter is inclosed,
TIE department considers that 'hi'
town is empty able 10 take care O.
the total Indebtedness Of S295,Ooo, Th'