The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1909-06-29
MINUTES OF THE SPECIAL MEET
ING OF THE DISTRICT BOARD.

vi ScnoOl district NO. Il, carter
county, Oklahoma, held on the 18th
day of June, \. D., 1909. pursuant To
a call of the director. Present. NJ. \.
Stansbcrry. director, presiding; J. H..
Kuntz, clerk and J. " Arnold, treas.
urcr.
Thcrcupon the following proceed.
ings were had to-wit:
MIR. J. NJ. Arnold introduced a res
olution aud order entitled:
\ resolution and order providing
for the issuance of the negotiable cou.
pom bonds OF school district 40. 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 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. VI. A.
Stanshorrv, j. II. Kuntz. J. VI. Arnold
Noes" none
The resolution was by 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. 10.
wit:
\ resolution and order, providing
for the issuance OF the negotiable cou.
pom bonds OF school district No. 2l,
Carter County, Oklahoma, to the
amount of So 10000, for the purpose OF
funding n like amount of the legii
outstanding warrant Indebtedness or
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 lis.
charge OF the principal thereof at ma.
turity and fixing the other details o.
the issue.
Whereas, school district No. cl,
Carter County, Oklahoma, a body cor
porate duly organized and existing un.
der and by virtue of the laws and
constitution OF the state OF Oltlah !.
ma, has a valid and binding ort
standing Indebtedness to the amount
OF s2,6OOOO incurred or lawful
, school district purposes and within
, the constitutional and statutory limi
tation evidenced by warrants OF said
school district regularly issued by It's
board of directors in strict COM Il.
ance with law. being warrants MA
rercd as follows, to-vit.
No. /, July Q, 1908, $4,000.
No. Z oct. 30, 1908, s303.7I.
No. SO, Feb. II, 1909, Sl,07S.O0
No. GG, March s. 1909, s57G.93.
No, 70, April ., 1909 $4,000,
No. a, April Q, 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 its
I 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
payment of the said by the issuanc,
OF the negotiable coupon bonds o
said district at not less than par tc
the aggregate amount of 81 100000, a;
may properly ana lawfully be don'
: under and pursuant 10 the provisions
of the constitution OF the state o
Oklahoma and an act OF the legisla
tive assembly of the Territory Of OK
: lahoma, entitled "An act TO enable
counties municipal corporations an,
boards of education Of any city o
school district to refund their indebt
!, edness" Approved March 11th 1906
. and extended in force in the state o
I Oklahoma by the constitution there
3 Of
T. Now Therefore be II Resolved an
Ordered by the Board OF Directors G
School District No 81, Carter Cour
y ty, Oklahoma;
Section l. That the clerk OF sal