The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1909-07-25
MINUTES OF THE SPECIAL MEET.
ING OF TIE DISTRICT BOARD.

county. Oklahoma. held on the 18th
day of June, a. D., 1909. pursuant to
a call Of the director. Present, NJ. A.
Stansberry, director. presiding; J. II.
Kuntz, clerk and J. NJ. Arnold. treas.
urer.
Thereupon the following proceed
ings were had to-wit:
Mr.. J. NJ. Arnold introduced a res
olution and order entitled
\ resolution and order providing
for the issuance Of the negotiable cou-
pon bonds of school district No. 21,
Carter County, Oklahoma, to the
amount of s2,GOOOO. 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
tcrest 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. IT, Kuntz, and seconded
by j. VI. Arnold that said resolution
and order as read, be adopted.
On roll call the motion was carried
by the following Ayes, NJ. A.
Stansberry, ]. II. Kuntz. J. NJ. Arnold.
Noes" none
The resolution was by the presi.
dent declared duly adopted and or.
dered spread upon the record OF the
board
Said resolution adopted as aforesaid
in words and figures as follows. 10.
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 80 10000 for the purpose OF
funding n like amount OF the legil
outstanding warrant indebtedness or
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
bonds when due and TO constitute and
maintain a 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 2l,
Carter County, Oklahoma, body cor
porate duly organized and existing uu-
der and by virtue of the laws lnc
constitution OF the state OF Oklah :.
ma. has a valid and binding ort
standing indebtedness TO the amount
of 100000. incurred ( or lawful
school district purposes and within
the constitutional and statutory limi,
tation evidenced by warrants OF sal,
school district regularly issued by It's
board of directors in strict COM Il.
ance with law, being warrants uin
rered as follows, to-wit.
No /, July Q, 1908, $4,000
No 7. Oct. 80, 1908, s3O3.75
No 80, Feb. II, 1909, s1,O7S.OO
No &C. March s. 1909, S57G.93.
No 70, April O. 1909, $4,000.
No. ~, April O. 1909, s23iS6
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 It's
treasury available for the purpose
ard said school di-trict through It's
board OF directors has entered into
an agreement with the owners OF
said warrants for the fundment and
payment Of the said by the issuance
OF tho negotiable coupon bonds oi
said district at not less than par tC
the aggregate amount of s2,60000 as
may properly and lawfully be done
under and pursuant TO the provisions
of the constitution of the state oI
Oklahoma and an act of the leglsla
tive assembly OF the Territory OF Ok
ahoma. entitled. IAN act to enable
counties, municipal corporations ant
= boards of education of any city oil
school district to refund their indebt
. edness" Approved March 11th. 1905
and extended In force in the state o.
I Oklahoma by the constitution there
Of
D Now Therefore be It Resolved ant
Ordered by the Board OF Directors o
School District No. 81, Carter Coun
ty Oklahoma:
Section /. That the clerk OF sait
school district No. 81 Carter County
State OF Oklahoma, be and he 4
hereby authorized and directed L
give notice for ten days by publlca