The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1908-03-04

NAEEa NA SAIL NAA r tA SAID AM
I CUNT. UNDER AND III PURsU
ANcE OF TIE LAWS OF THE
/ STATE OF OKLAHOMA.
! Whereas, the City Of Chickasha
lOklahoma. is a city Of the first class
In accordance with and by virtue Of
the laws d the State Of Oklahoma, and
Whereas. the said City Of Chickasha
did owe at the time Of the admission
ot the state Of Oklahoma into the I'm
lita on the 10th day Of November, 1907
{ certain actually existing indebted
moss evidenced BY valid and subsistine
warrants Of the aggregate amount Of
S55,0O000: which said warrant in the
lstparate amounts hereinafted named
ware drawn upon the funds Of the
said City OF chickasha as follows:
General fund, s45,Oo0OO.
Street and Alley fund. 100000.
Whereas by virtue OF an agreement
ty and between the City Of Chickasha
and the holders Of said outstanding
warrants, said City can take up and
discharge said Indebtedness by paying
the par value Of said outstarding war
rants, therefore,
BE 1T RESOLVED BY THE MAYOR
AND COUNCILMEN OF THE CITY
OF CHICKASHA, OKLAHOMA:
Section l. That for the purpose Of
refunding s55.OOOOO Of the valid, bind
ing, outstanding and actually existing
warrant Indebtedness Of the City Of
Chickasha, Oklahoma, evidenced by its
outstanding warrants heretofore and
prior to November 18th, 1907, Regularly
and lawfully issued by said city, the
amounts and funds upon which drawn
being specifically set out in the pream-
bic hereof, the negotiable coupon
bonds of said city to the amount Of
S55,OOO.00 dollars be and the same are
hereby ordered and directed to be is
sued and sold as provided by law.
Section 2. That said bonds shall be
designated as 'Refunding Bonds Of
$685." and shall be Of the denomination
of one thousand dollars each and shall
mature in twenty years from the date
of their issue and shall bear interest at
the rate of 5 per cent per annum from
date.
Section 8. The mayor Of the City Of
Chickasha is hereby authorized and in
structed to give public notice that, on
the 1st day Of April. 1908, the said city
of Chickasha will proceed before the
district court Of Grady county to make
a showing and to ask the court to hear
and determine the amount of the out
standing legal warrant indebtedness Of
said city, issued prior to November is,
1907, and to sign the bonds to be is.
sued in payment and discharge of the
same, and that any person interested
may demonstrate against the issuance
Of the same.
That the notice provided for in the
preceding section shall be in substan-
TALLY the following form.
Notice Of Application to Issue Refund.
Ing Bonds
Whereas, the mayor and counciimen
Of the City OF Chickasha, Oklahoma,
did on the ..... day of. ...........
1908 by ordinance No. duly
passed, approved and published order
and direct the issuance of $55, 100000
Of refunding bonds Of the City OF
Chickasha for the purpose Of taking
up and discharging $55,OOO.0O Of the
valid binding outstanding and actual.
~ existing warrant Indebtedness of the
said City of Chickasha, evidenced by
it's outstanding warrants, heretofore
and prior to November 16, 1907, regu.
larly and lawfully issued by said City
the amounts Of said warrants drawn
upon the separate and different funds
Of said city being as follows:
General fund, s45,0O0.OO.
Street and Alley fund, s1O,OO0.OO.
Now, therefore, notice is hereby Civ.
en- that on the first day Of April, 1908,
the City of Chickasha will proceed be-
fore the district court of Grady county,
Oklahoma, to make a showing and to
ask the court to hear and determine
the amount Of outstanding legal in
debtedness Of said city evidenced by
warrants issued prior to November 16,
1907 and to sign the bonds 70 be is
sued in payment and discharge Of the
same. and any person interested may
remonstrate against the Issuance Of
the same.
Witness my hand as the mayor Of
the City Of Chickasha. Oklahoma on
This dav Of snao