The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1909-07-01

Township Board being now in reg.
ular session and having under dis
cussion the question OF providing
means for the improvement OF the
roads in said Township proceed to
submit the question at an election
to be held in all the voting precincts
Of said Lone Grove Township on
the 2Sth day OF July. 1909
BE TT FURTHER RESOLVED.
That the Clerk Of this Board is
hereby instructed to post ten G0
Bond Election Notices in ten GOJ
of the most public places in said
Township calling an election of the
qualified electors to vote on the
question OF issuing bonds in the
sum OF Ten Thousand 0.OO0O0l
Dollars, payable ~ twenty-five t2jD
years. but redecmablc I'm ten G0)
years. said bonds 10 bear six 60
per cent interest. the interest being
payable scmi-aunually both princi
pal and interest payable at the Fis-
cal Agency for the state Of Okla.
homa in the city and State of New
York
BE IT FURTHER RESOLVED.
That the Chairman Of this Town.
ship Board be, and is hereby in.
structcd to appoint or have the prop
er authorities appoint the required
number Of Clerks and Judges for
the several precincts 70 conduct the
election 10 he held for voting said
Township Road and Improvement
Bonds. and that said Election Board
be instructed and properly sworn
before entering upon their duties as
such election officers.
BE IT FURTHER RESOLVED.
That the Township Board enter iuto
an agreement with the Oklahoma
Bond & Trust Company, n corpora.
tion for the purchase OF the pro-
posed Issue of bonds TO be issued
by the said Township. such con
tract for the purchase Of said bonds
TO be made subject to the result Of
the election 10 be called and held
in said Township.
The minutes of the Board further
shows that the contract for the
purchase Of the said proposed issue
Of Township Road Improvement
Bonds was read to the Board and
after due consideration the hereto
attached contract vas agreed TO and
signed by the Township Board of
Lone Grove Township and by the
Oklahoma Bond & Trust Company,
by its agent, V. 4. Niblack.
Contract.
KNOW ALL MEN by THESE
PRESENTS: That whereas, the
Township Board of Lone Grove
Township. Carter County, State of
Oklahoma, purposes to issue bonds
of said township in the sum of Ten
Thousand SiO,O0OOO) Dollars, said
bonds to be payable in twenty-five
(2D years from their date and to
be rcdccmablc at and after Ten N0
years from their date: said bonds
bearing Six 60 per cent interest
from their date until paid. the in.
tcrest payable sami.annually. and
WHEREAS. the said township
board and the Oklahoma Bond K
Trust Company. of Guthrie, Okla
h,u,o a c.ry,r,tt,p ,,tf,,,, -, o,,r
through it's agent. V. \. Niblack,
have entered into this contract
whereby the said township board
hereby agrees to sell said bonds TO
said Bond n Trust Company at n
premium Of Two lo nor cont Of
its face value G02 per cent? totallng
Ten Thousand. Two Hundred (Sl0,-
9oO0ol Dollars for said issue, and
the said Oklahoma Bond & Trust
Company agrees 10 accept said is
sue and TO pay therefor One Hun
dred and Two U02) per cent OF the
face value Of said bonds, in all the
sum of Ten Thousand, Two Hun.
drcd Sl0.20000) Dollars.
The Oklahoma Bond G Trust Com.
pauy agrees to furnish AT its own
expense all papers necessary to he
used by the township board in pre-
pairing for the bond issue aforesaid,
and also agrees to furnish AZ its own
expense blank form of bond. but
the township board agrees To pay
the expense Of printing said bond
II is further agreed that the town
ship board will furnish 10 the Ok
lahoma Bond G Trust Company at
the expense of the township board
certified copies OF all the papers
used in connection with the bond
issue in any manner whatsoever,
which shall show proper authority
for the issuance OF the bonds, ana
regularity IN the proceedings, which