The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1909-10-19
(First Published Oct. 8, 1909
ORDINANCE NO. 3aa

An ordinance authorizing and direct.
ing the issuance Of the negotiable cou.
pom bonds of the city of Chickasha,
Grady county. Oklahoma, for the pur-
pose of providing the necessary funds
for the construction of publ utili-
ties in and to be owned exclusively
by said city, to-wit: In the amount of
100000 for sewers, and in the amount
Of 100000 for additional waterworks; !;
prescribing the forms of said bonds
respectively, and Of the interest cou-
pons to be thereto attached; providing
Tor the collection of an annual tax suf-
fcient to pay the interest on said
bonds as II falls due and also TO con
siitute and maintain a sinking fund
sufficient to pay the principal there
of at maturity; and fixing the other
details of the issue.
Whereas, at an election duly called
and held in the city of Chickasha.
Grady county, Oklahoma, on Septem.
Der 2S, A. d. 1909, more than a major.
ity OF the qualified property taxpay.
Ing voters of said city, voting there
at, voted in favor of the several prop
ositions to issue the negotiable cou.
pom bonds of said city in the amount
and for the construction of public util.
tiles in and to be owned exclusively
by said city as follows: In the amount
of 100000 for the purpose of providing
funds for the construction of sewers.
ard In the amount Of 100000 for the
purpose Of providing funds for the
construction of additional water.
works; and
Whereas, there are insufficient
funds in the treasury Of said city to
pay the cost OF the construction of
the public utilities hereinabove men
toned; and in order to raise sufficient
funds for said purpose it is deemed
and hereby declared necessary for said
city to borrow the sum OF $4,000 are
TO issue its negotiable coupon bonds
therefor as aforesaid; and
Whereas, said bonds have been BY
the mayor and councilmen of said
city duly sold and awarded to the
Citizens National Bank OF the said city
Of Chickasha, at and for price above
par and accrued interest; now, there. /
fcre,
BE II ordained by the mayor and
councilman of the city of Chickasha,
Oklahoma:
Section l. That for the purpose Of
providing the necessary funds for the
construction Of a system OF sewers
aud additional waterworks In and to /
be owned exclusively by said city and
devoted to public uses, as stated In /
the preamble hereof. there shall be
and there are hereby ordered and di 4
rected to be issued the negotiable cou
pom bonds OF said city in the aggre- +
gate amount or $4,000 as follows:
To the amount of $4,000 for sewers;
to the amount OF 100000 for addition.
al waterworks. Said sewer bonds
shall be designated Sewer Bonds OF
1907 shall be ninety 800 In number,
numbered from / to 30, both inclusive,
and OF the denomination OF $1,000
each. Said waterworks bonds shall
be designated "waterworks Bonds OF
1892 shall be one hundred CO0) In
number, numbered from / to 100, both
inclusive. and of the denomination OF
s; 900 each.
Each OF said bonds shall bear date
Of October /, A. d. 1909; shall become
due and payable on Oct ]. A. d. 1884;
shall bear interest from their date
until paid at the rate OF five 60 per
oentum per annum, payable seml-an.
nually on the first days of April and
October in each year, which Install
ments OF interest to date of maturity
OF principal shall be evidenced by
proper coupons attached TO each
bond; and both said principal and In
terest shall be payable in lawful
money of the United States Of Amer.
icn at the Harris Trust & Savings
Bank, in the city Of Chicago, in the