The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1909-07-29
MEETING OF TOWNSHIP TaUS.
TEES OF LONE GROVE
TOWNSHIP.

''''t h'iu Jult TO- lfU'. lItStUls ~
NJ. Yocum, chairman presiding; f.
NJ. Byrd, Clerk. and Cnas. II. Bigbie.
Treasurer.
The meeting after being called to
order by the chairman the question
of making provision for holding
an election Of the qualified electors
of the Township of Lone Grove for
the purpose Of submitting to the
qualified electors the question Of is.
suing bonds in the sum OF Ten
Thousand G10OOOOO) Dollars for
the purpose OF road Improvement
in said Township having been dis
cussed. the following resolution was
presented, read and finally adopted:
WHEREAS. It appears that the
Township OF Lone Grove, in the
County Of Carter and state of okla
homa, has authority to issue bonds
not in excess Of three CD per cent
OF the assessed valuation of taxa
bic property of said Township, as
islature. approved March goth. 1909,
and whereas It appears that there
Is a public demand by the taxpay-
ers OF said Township for the bet
terment and improvement of Ger.
tain roads in said Township. and
that pubic necessity exists for
the Improvement and bcttcrment Of
these roads, therefore:
BE 1T RESOLVED, That the
Township Board being now in reg
ular session and having under dis
| cusson the question OF providing
means for the improvement Of tie
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 IT FURTHER RESOLVED.
That the Clerk OF this Board is
hereby instructed to post ten U0)
Bond Election Notices in ten n0)
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 (Sl0,000.00)
. Dollars, payable IN TWENTY-FIVE (25)
years, but redeemable in ten G0)
years, said bonds TO bear six 90
per cent interest, the interest being
payable emi-annually, 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
structed TO appoint or have the prop
er authorities appoint the required
number OF Clerks and Judges for
the several precincts TO conduct the
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 TT FURTHER RESOLVED,
That the Township Board enter 'uto
an agreement with the Oklahoma
Bond & Trust Company, a 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 10 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 was agreed to anC
, signed by the Township Board o
. Lone Grove Township and by th'
= Oklahoma Bond & Trust Company
by it's agent, V. A. Niblack.
Contract.
y KNOW ALL MEN BY THESE
PRESENTS: That whereas, tn
Township Board OF Lone Grov,
Township Carter County. State o
- Oklahoma, purposes to issue bond
e of said township in the sum 0f Tel
II Thousand (Sl0OO0.00) Dollars, SAT-
IT bonds TO be payable in twenty-five
L (25) years from their date and &
u be redeemable at and after Ten 40
y years from their date; said bond
70 bearing Six 90 per cent interes
from their date until paid, the ii
= terest payable semi.annually, and
WHEREAS. the said townshi
y board and the Oklahoma Bond
y Trust Company, of Guthrie, okli
y homa, a corporation, acting by an