The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1909-10-18

0''6lNAlNOE NJ. oJo
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
10000 for sewers, and In the amount
Of 100000 for additional waterworks; !;
prescribing the forms of said bonds
respectively, and of the interest eou-
pors to be thereto attached; providing
for the collection of an annual tax suf-
ncient to pay the interest on said
bonds as 1t 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 Chickasha.
Grady county, Oklahoma. on Septem-
ber 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
aud for the construction OF public util-
tiles 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.
and 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 1t is deemed
and hereby declared necessary for said
city 10 borrow the sum OF 100000 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 a price above
par and accrued interest; now, there
fcre.
BE It ordained oy the mayor and
councilman of the city OF Chlckasha, 4
Oklahoma:
Section /. 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-
rected to be issued the negotiable cou-
pom bonds OF said city In the aggre-
gate amount OF $4,000 as follows:
To the amount OF 100000 for sewers;
70 the amount OF 100000 for addition
al waterworks. Said sewer bonds
shall be designated Sewer Bonds Of
1909" shall be ninety 500 in number,
numbered from to so. both inclusive,
and OF the denomination OF 1900
each Said waterworks bonds shall
be designated "Waterworks Bonds Of
1909, shall be one hundred (100l in
number. numbered from / to 100. both
inclusive, and OF the denomination Of
900 each.
Each of said bonds shall bear date
lf October /. A. d. 1909; shall become
lue and payable on Oct l, A. ID. 1884;
shall bear interest from their date
lntil paid at the rate of five (5) per
sentum per annum. payable semi-an-
lually on the first days Of April and
October in each year. which Install
nents of interest TO date of maturity
II principal shall be evidenced by
roper coupons attached to each
,ond; and both said principal and in
crest shall be payable in lawful
money OF the United States of Amer {
60 at the Harris Trust & Savings
8ank, In the city Of Chicago. in the