The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1909-07-21
MINUTES OF THE SPECIAL MEET.
ING OF THE DISTRICT BOARD.

INO Of ne OIS HlC BOAHD.
OF school district No. 81. Carter
county, Oklahoma, held on the 18th
day of June, A. D., 1909, pursuant to
a call of the director. Present. NJ. A.
Stansberry, director, presiding; J. II.
Kuntz, clerk and j. NJ. Arnold, treas.
urer.
Thereupon the following proceed.
ings were had to.wit:
MIR. j. NJ. Arnold introduced res
olution and order entitled:
\ 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 S2,600O0, 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
torest 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. II. Kuntz, and seconded
by ]. NJ. Arnold that said resolution
and order as read. be adopted.
On roll call the motion was carried
by the following Ayes. NJ. A.
Stansberry, J. II. Kuntz. J. NJ. Arnold.
Noes" none.
The resolution was by the presi.
dent declared duly adopted and or
dered spread upon the record of the
board.
Said resolution adopted as Aforesaid
in words and figures as follows. 70.
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 $2,600.00, for the purpose OF
funding like amount OF the legA
outstanding warrant indebtedness OF
said school district. prescribing the
forms OF said bonds and of the inter.
est coupons 10 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. q.
Carter County. Oklahoma, a body ccr.
porate duly organized and existing u,.
der and by virtue OF the laws anG
constitution of the state OF Oklahr
ma, has a valid and binding on,
standing indebtedness to the amount
OF s2,6OO0O. 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 in strict CONF l..
ance with law, being warrants nIn
tered as follows, to-wit
No. /, July ., 1908. $4,000.
No. Z, Oct. 30, 1908. s3O375.
No. So. Feb. II. 1909. s1,07S.OO
No. &C. March s, 1909, S57693.
No. 72, April 0, 1909, $4,000.
No. "a, April Q, 1909. s234S6.
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
ard said school di-trict 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 100000, 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 legisla.
tive assembly OF the Territory OF ok.
lahoma. entitled. "An act TO enable
AlllnlIrorPn q nuglN