The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1909-06-30
MINUTES OF THE SPECIAL MEET.
ING OF TIE DISTRICT DoARD.

OF school district No. q. Carter
county. Oklahoma. held on the 18th
day of June. \. H.. 1909. pursuant 10
a call Of the director. Present, NJ. a.
stansberry. director, presiding; J. II.
Kuntz, clerk and J. VI. Arnold. treas.
urer.
Thcreupon the following proceed
ings we're had to.wit:
MIR. J. VI. Arnold introduced a 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 50 100000. for the purpose
of funding a like amount Of the legal
outstanding warrant Indebtedness OF
said school district pre-crlblnE the
forms OF said bonds and Of the In.
torest coupons 20 he attached there.
to- providing for the levy OF an an.
nual tax sufficient 70 pay the inter.
est on said bonds when due and to
constitute and maintain n 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. ". Kuntz. and seconded
bv J. VI. Arnold that said resolution
and order as read, be adopted.
ON roll call tho motion was carried
by The following Ayes" VI. A
Stansborry. J. II. Kuntz. J. ". 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. ~.
wit:
/ 4 resolution and order, providing
for the issuance " the negotiable co,,.
pon bonds OF school district No. 81.
Carter County. oklahoma. TO the
amount OF 50 10000, for the purpose OF
funding like amount OF tho legi
outstanding warrant indebtedness OF
said school district. prescribing TIE
forms OF said bonds and OF the inter.
est coupons 20 be thereto attached;
providing for the levy OF an annual tax
sufficient 70 pay the interest on said
bonds when due and 20 constitute and
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. g,
Carter County, Oklahoma, a body cCr
porate duly organized and existing uu.
der and by virtue OF the laws anG
I constitution OF the state OF OklahN
ma, has valid and binding ort
standing Indebtedness to the amount
OF s2,6OOOO, incurred or lawful
school district purposes and Nitkln
the constitutional and statutory I'm
tation evidenced by warrants OF said
school district regularly issued bv ITS
board of directors in strict COM L.
ance with law, being warrants MN
tcred as follows, !o-wit.
No. I. July Q. 1908, s2l9O0.
No. 7. Oct. 30, 1908, s3O3.75.
No. SO, Feb II, 1909, 81 107S00
No. &C, March S. 1909, s57693.
No. 70, April Q, 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 It's
treasury available for the purpose
and said school di-trlct through It's
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 tho negotiable coupon bonds o
said district at not less than par e
the aggregate amount OF S2,6O000, ai
may properly and lawfully be don,
under and pursuant to the provisions
OF the constitution OF the state o
Oklahoma and an act OF the legsla
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 indobt
. edness." Approved March nth. 1905
. and extended In force in the state o
). Oklahoma by the constitution there