The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1909-06-25
MINUTES OF THE SPECIAL MEET
ING OF THE DISTRICT BOARD.


OF school district No. 81, Carter
county, Oklahoma. held on the 18th
day of June \. D., 1909. pursuant to
call of the director Present, NJ. a.
Stansbcrry, director, presiding; J. II.
Kuntz, clerk and j. NJ. Arnold, treas
urer.
Thcrcupon the following proceed
ings were had to-wit:
MIR. J. NJ. Arnold introduced a res
oution and order entitled:
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 S2GOO.OO, for the purpose
of funding like amount of the legal
outstanding warrant indebtedness OF
said school district prc"cribing the
forms of said bonds and of the in
terest coupons to be attached there
y
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, VI. A,
stansberry, ]. IT, Kuntz, J. NJ Arnold.
Noes" none.
The resolution was by the presi-
dent declared duly adopted and or.
dored 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 con
pom bonds of school district No 81
Carter County Oklahoma, 10 the
amount of s2.GOOOO, for the purpose OF
funding like amount of the legi
outstanding warrant Indebtedness o.
said school district, prescribing ttC
forms of said bonds and OF the inter
est coupons to be thereto attached;
providing for the levy of an annual ta'
sufficient to pay the interest on sale
bonds when due and to constitute anC
maintain a sinking fund for the iis
charge OF the principal thereof at ma
turity and fixing the other details o
the issue.
Whereas, school district No. -
Carter County, Oklahoma, a body col
porate duly organized and existing uI
der and by virtue Of the laws an
b constitution of the state Of Oklah
ma. has valid and binding OF
standing Indebtedness to the amonn
, of s2.6OO0O incurred or iawfu
I school district purposes and With
: the constitutional and statutory lin
q tation evidenced by warrants OF sal
3 school district regularly issued by Vt
board of directors in strict coml J
o ance with law, being warrants MI
i, hered as follows. to-wit.
: No. /. July .. 1908. s21sOo.
!. No. 7. Oct. 30, 1908, s303.75.
No, SO, Feb. II, 1909. sl,O7s.O0
No. &c, March s, 1909, s576.9S.
. No. 70, April Q, 1909, $4,000.
- No. "A, April Q. 1909, s234s6,
Whereas, said warrants have m
|. been paid for the want OF funds an
!. are due and payable. but the sa
n school district has no funds in /
treasury available for the purpoi
: and said school di-trict through /
board of directors has entered in
: an agreement with the owners
said warrants for the fundment al
s payment Of the said by the issuan
o OF the negotiable coupon bonds
II said district at not less than par
T. the aggregate amount of 100000,
tn f,,1I 10 10