The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1909-07-04

'i'H l'l lht llui 'ud0' 'l 'N' pro
posed issue Of bonds Co hc issued
by the said Township such con.
tract for the purchase Of said bond
TO be made subject to the result %.
the election TO 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 tho Board and
after due consideration the hereto
attached contract was agreed to and
signed by the Township Board of
Lone Grove Township and by the
Oklahoma Bond n Trus' Company.
by its agent V. A. Niblack.
Contract.
KNOW ALL MEN HY 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 cg Ten
Thousand C$10OOOOW Dollars. said
bonds TO he payable I'm twenty-five
(25J years from their date and 10
be rcdcemablc at and after Ten GM
years from their date; said bonds
bearing Six Co per cent interest
from their date until paid the in
terost payable semiannualy. and
WHEREAS, the said township
board and the Oklahoma Bond 4
Trust Company. of Guthrie. Okla.
homa, corporation. acting by and
through its agent, V. g. Niblack.
have entered into this contract
whereby the said township board
hereby agrees to sell said bonds to
said Bond & Trust Company at a
premium of Two (9l nor cent OF
its face value (O2 per cent? totaling
Ten Thousand. Two Hundred ($lO.-
200.00) Dollars for said issue, and
the said Oklahoma Bond & Trust
Company agrees to accept said is.
sue and to pay therefor one Hun.
dred and Two GO2D per cent OF the
face value of said bonds, in all the
sum of Ten Thousand, Two Hun.
dred s1O,2OO.OO) Dollars.
The Oklahoma Bond & Trust Com.
pany agrees TO furnish at its own
expense all papers necessary 10 be
used by the township board in pre-
pairing for the bond issue aforesaid
and also agrees 10 furnish al its own
expense a 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 TO the Ok
lahoma Bond & 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
shall be delivered to the said Bond
& Trust Company prior to the prep
aration of the copy of the bond.
Upon said bonds being duly and
lawfully executed. audited and reg.
istered the said township board
will draw upon the Oklahoma Bond
e. Trust Company through the Guth-
rie National Bank az Guthrie. Ok
lahoma, for the collection OF the
purchase money, and attach the
bonds to the draft and the Okla.
homa Bond & Trust Company agrees
TO take up and pay for said bonds
within five days after the draft
with bonds attached reaches the
hands Of the Guthrie National Bank
WITNESS our hands and sigma
lures this 10th day Of June 1909
THE LONE GROVE TOWNSHIP
BOARD OF CARTER COUNTY,
OKLAHOMA, by It's Board OF D,
rectors.
(SEAL)
ID. VI, lOtIM,
Chairman.
+. VI. BYRD,
Clerk.
CHAS. II. BIGBIE,
Treasurer,
THE OKLAHOMA BOND & TRUST
COMPANY, by its Agent,
V. A. NIBLACK.
On motion of c, II. Bigbie the
above resolution was adopted, all
members of the Board voting for the
adoption.
On motion the Clerk was instruct.
ed TO make n complete record Of
these proceedings.