The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1909-07-01
MINUTES OF THE SPECIAL MEET.
ING OF THE DISTRICT BOARD.

call OF the director Present NJ. A.
Stansberry, director, presiding: J. II.
Kuntz, clerk and J. VI. Arnold. treas.
urer.
Thercupon the following proceed.
ings were had to-wit:
Mr. J. VI 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 s2,Go0oO. for the purpose
of funding a like amount OF the legal
outstanding warrant Indebtedness OF
said school district prc"cribirg the
forms Of said bonds and of the in.
terest 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 H. 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. " A.
Stansborry. J. II. Kuntz. J. NJ Arnold
Noes" none.
/ Tho resolution was by the presi.
dent declared duly adopted and or.
dered spread upon the record OF me
board
Said resolution adopted as aforesaid
in words and figures as follows. 10.
wit:
4 resolution and order, providing
for the issuance of the negotiable con.
pom bonds of school district No. 81,
| Carter County Oklahoma. TO the
amount OF So 10000, for the purpose OF
funding a like amount OF tho legu
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 n sinking fund for the 'is.
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 uu-
der and by virtue of the laws auG
constitution of the state OF Oklah'
ma. has valid and binding ort
standing Indebtedness TO the amount
of S260000, incurred or lawful
school district purposes and within
the constitutional and statutory limi.
tation evidenced by warrants OF said
school district regularly issued by ITS
board of directors i'm strict COM T..
ance with law, being warrants MN.
tered as follows, to-wit.
No. /. July ., 1908, $4,000.
No. I. Oct. 30, 1908, s3O3.75
No, SO, Feb, II, 1909. s1,O7S.OO
No. &C, March s. 1909, s57693.
No. 70, April ., 1909, $4,000.
No. "A, April ., 1909. s234SG.
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
and 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 the negotiable coupon bonds of
said district at not less than par to
the aggregate amount of s2,60O.0O, 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 leglsla
tive assembly of the Territory OF Ok
lahoma, entitled, AN act TO enable
counties, municipal corporations and
boards of education of any city OF
school district TO refund their indebt
edness." Approved March 18th. 1905
and extended in force in the state ot
Oklahoma by the constitution there
] Of
J. 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 sale
school district No. 81 Carter County
State of Oklahoma, be and he 4
hereby authorized and directed e
give notice for ten days by publlca
!