The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1909-07-30
MINUTES OF THE SPECIAL MEET
ING OF THE DISTRICT BOARD.

udN OF Juuts n. u, lJVJ, pursuant "
call Of the director. Present, NJ. A.
Stansberry, director. presiding: J. H.
Kuntz. clerk and J. NJ. Arnold. treas.
urer.
Thereupon the following proceed
ings were had to-wlt:
Mr.. J. NJ Arnold introduced a res.
olution and order entitled:
4 resolution and order providing
for the Issuance of the negotiable cou.
pom bonds OF school district No. 81.
Carter County. Oklahoma. to the
amount of 100000. for the purpose
OF funding a like amount OF the legal
outstanding warrant Indebtedness OF
said school district pre-cribing the
forms OF said bonds and OF the in.
torcst coupons to be attached there.
to; providing for the levy OF an an
nual tax sufficient to pay the inter.
est on said bonds when due and TO
constitute and maintain a sinking fund
for the discharge OF the principal
thereof at maturity and fixing the
other details Of the issue Said reso.
luton was then read in full by the
clerk
Moved by j II. Kuntz. and seconded
by J. NJ Arnold that said resolution
and order as read, be adopted
on roll call the motion was carried
by the following Ayes. VI. A.
Stansberry, J. IT, Kuntz. J. NJ. Arnold
Noes" none
The resolution was hy the presi.
dent declared duly adopted and or.
dcred spread upon the record OF the
board
Said resolution adopted as aforesaid
in words and figures as follows. 20.
wit:
\ resolution and order. providing
for the issuance OF the negotiable cor.
pom bonds OF school district No. 81.
Carter County, Oklahoma to the
amount OF 50 10000. for the purpose OF
funding a like amount of the legu
outstanding warrant Indebtedness o.
said school district, prescribing TIE
forms of said bonds and OF the inter.
est coupons TO be thereto attached;
providing for the levy of an annual tax
sufficient TO pay the interest on said
bends when due and 70 constitute and
maintain sinking fund for the lis.
charge of the principal thereof at ma.
turity and fixing the other details o.
the issue
Whereas. school district No 60,
Carter County. Oklahoma, a body cCr
porate duly organized and existing ui,.
der and by virtue OF the laws and
constitution OF the state OF Oklah'
ma. has valid and binding OFT
standing indebtedness to the amour;
OF s260O0o, incurred or lawful
school district purposes and within
the constitutional and statutory lin!
tation evidenced by warrants OF said
school district regularly issued nv ITS
board OF directors in strict COM l..
ancc with law, being warrants nln
tored as follows. to-wit.
No l. Judy Q, 1908, $4,000.
No. :. oct. 30, 1908. S3O3.75
No. 80. Feb. II, 1909. S1.07S.O0
No sc, March 3. 1909. s576.93
No 70, April ., 1909. $4,000.
No. -, April Q, 1909. s234S6
Whereas, said warrants have not
been paid for the want OF funds and
are due and payable. but the said
school district has no funds in its
treasury available for the purpose
ard said school district through its
board OF directors has entered into
an agreement with the owners OF
said warrants for the tundment and
paym' M of the said by the issuance
OF the negotiable coupon bonds of
said district Mt not less than par to
the aggregate amount OF 81 10000. as
may properly and lawfully be done
under and pursuant to the provisions
OF the constitution OF the state OF
oklahoma and an act OF the legisla.
tive assembly OF the Territory OF Ok.
lahoma. entitled. AN act TO enable
counties. municipal corporations and
boards OF education OF any city or
school district to refund their indebt.
edness" Approved March 18th. 1905,
and extended in force in the state OF
Oklahoma by the constitution there
OF.
Now Therefore b- u Resolved and
Ordered by the Board OF Directors OF
School District No. 81, Carter Coun.
ty. Oklahoma:
Section l. That the clerk OF said
school district No, 81 Carter County
State of Oklahoma. be and he is
hereby authorized and directed to
give notice for ten days by publica
tion in the Ardmoreite a newspaper
published in the city of Ardmore the