The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1909-07-02
MINUTES OF rNe SPECIAL MEET.
ING OF THg DISTRICT BOARD.


a call Of the director. Present. NJ \.
Stansbcrry. director presiding: J. II.
Kuntz, clerk and J. VI. Arnold. treas.
urer.
Thcrcupon the following prooved-
ings were had towii.
Mr.. J. VI. 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. 81.
Carter County. Oklahoma. TO the
amount OF 100000. for the purpose
OF funding a like amount ot the legal
outstanding warrant Indebtedness OF
said school district prc~crbing the
forms Of said bonds and Of the in.
tcrost coupons TO be attached there
TO; providing for the levy OF an an.
uual 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 rcso.
luton was then read in full by the
clerk.
Moved by J u. 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..
Stansbcrry, J. II Kunt2. J. VI. Arnold.
Noes" none.
Tho resolution was by the prosl.
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. ~
wit:
A 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 s2.GOOOO, for the purpose OF
outstanding warrant indebtedness OF
said school district, prescribing the
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. e.,
Garter County. Oklahoma. a body cor.
porate duly organized and existing uu-
der and by virtue of the laws and
constitution OF the state OF Oklah \
ma. has valid and binding o.,
standing Indebtedness to the amount
OF 50 10000, incurred or lawful
school district purposes and within
/ the constitutional and statutory lint.
tation evidenced by warrants OF said
school district regularly issued by IT'S
board OF directors in strict COM l..
ance with law, being warrants mn
hered as follows. to.wit.
No. !. July Q. 1908. $4,000.
No. :. oct so, 1908, s3O3.75
No. 80, Feb. II, 1909, s1,O7sOO
No. &C. March s. 1909, s57693
No. 70, April Q, 1909, $4,000.
40. a. April Q, 1909 s23fsG.
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 fundment and
payment of the said by the issuance
OF the negotiable coupon bonds OF
said district at not less than par to
the aggregate amount OF S2,600.00, 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
lahoma entitled, AN act to enable
counties municipal corporations ant
boards Of education of any city OF
school district TO refund their indebt
odness" Approved March 18th. 1905
and extended in force in the state o
Oklahoma by the constitution there
J OF.
' Now Therefore be II Resolved an,
Ordered by the Board OF Directors o
School District No, 81, Carter Coun
: ty, Oklahoma:
Section !. That the clerk OF sal,
school district No. 81 Carter County
State of Oklahoma, be and he I
hereby authorized and directed I,
give notice for ten days by publlca