The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1909-10-20
First Published Oct. 8, 19o9)
ORDINANCE NO. 3oa

On6itNNNNE NJ. o5d
An ordinance authorizing and direct
ing the issuance of the negotiable cou-
pom bonds OF the city of Chickasha,
Grady county, Oklahoma, for t..e 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
$4,000 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
for the collection of an annual tax suf-
ficient to pay the interest on said
bonds as ii falls due and also to CON
stitute 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 Chlckasha,
Grady county. Oklahoma, on Septem-
her 2S, A. D. 1908, more than a major
ity OF the qualified property taxpay-
Ing voters OF said city, voting there
et. 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-
titles in and to be owned exclusively
by said city as follows: In the amount
OF $4,000 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 oi said city to
pay the cost of the construction of
the public utilities hereinabove men
toned; and In order 70 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 It ordained by the mayor and
councilman OF the city OF Chlckasha.
Oklahoma:
Section l. That for the purpose Of
providing the necessary funds for the
construction OF a system OF sewers
and 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-
rected to be issued the negotiable con-
pom bonds Of said city in the aggre-
gate amount Of $4,000 as follows:
10 tue dluDuHh ui T5nsVVV lbl htNckSs
to the amount OF 100000 for addition.
al waterworks Said sewer bonds
shall be designated Sewer Bonds of
loos;" shall be ninety 800 in number,
numbered from l to 90. both inclusive,
and OF the denomination OF $1,000
each. Said waterworks bonds shall
be designated "Waterworks Bonds Of
1909" shall be one hundred (100l in
number, numbered from l to 100. both
inclusive, and OF the denomination Of
s; 900 each.
Each OF said bonds shall bear date
of October l, A. d. 1909; shall become
due and payable on Oct l, A. d. 1884;
shall bear interest from their date
until paid at the rate Of five 60 per
centum per annum, payable semi-an-
nually on the first days OF April and
October in each year, which install
menss 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 OK the United States Of Amer
lea at the Harris Trust g. Savings