The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1909-06-20
MINUTES OF THE SPECIAL MEET
ING oE THE DISTRICT BOARD.

.
a call of the director Present, VI. \.
Stansberry. director. presiding; J. II.
Kuntz, clerk and J. NJ Arnold, trees
urer.
Thercupon the following proceed.
ings were had to.wit:
4 Mr. J. NJ Arnold introduced a res
ontion and order entitled:
/ A resolution and order providing
for the issuance of the negotiable cou.
pon bonds Of school district No. 81.
Carter County, Oklahoma, TO the
amount Of 100000 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
tcrest coupons TO be attached there
to: providing for thu 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. H. Kunt2, and seconded
by j. VI. Arnold that said resolution
and order as read. be adopted
On roll call the motion was carried
NJ
Stansberry. J. II. Kuntz. ]. VI. 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:
A 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 100000, for the purpose OF
funding a like amount OF the legal
outstanding warrant Indebtedness OF
said school district. prescribing the
forms Of said bonds and of the inter
est coupons to 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. 81
, Carter County, Oklahoma, body cor
porate duly organized and existing un
p der and by virtue OF the laws and
constitution of the state Of Oklah
ma. has valid and binding ont
standing Indebtedness to the amount
of 81 10000, incurred or Lawful
school district purposes and Nlthir
- the constitutional and statutory limi
tation evidenced by warrants of sale
school district regularly issued by IT,
board of directors in strict conn !!
Z ance with law, being warrants nln
: tered as follows, to-wit.
No. /, July ., 1908. $4,000.
, No. I. Oct. 80, 1908, s303.75.
!. No. SO, Feb. II. 1909, s1,01S,00
h No. &C. March S. 1909, s576,93.
n No. ~, April ., 1909, $4,000.
= No. "A, April 3, 1909, s234S6.
- Whereas, said warrants have no
been paid for the want of funds an
Fl are due and payable. but the sal
school district has no funds in II
e treasury available for the purpos
e and said school district through II
6 board Of directors has entered int
:. an agreement with the owners G
said warrants for the fundment an
Q payment of the said by the issuanC
OF the negotiable coupon bonds {
~ said district at not less than par
the aggregate amount of 81 10000, q
may properly and lawfully be dor
under and pursuant to the provision
~ of the constitution of the state I
t. Oklahoma and an act of the legsl
y, tive assembly of the Territory Of o
10 iahoma, entitled, AN act to enab
q, counties, municipal corporations al
~. boards of education of any city
~ school district TO refund their indet
. edness," Approved March 18th, ls0
and extended in force in the state
~ oklahoma by the constitution theT
OF.
Now Therefore be il Resolved al
W Ordered by the Board of Directors
- School District No 21, Carter Cou
' ty. Oklahoma:
~ Section /. That the clerk of sa
81 school district No. 2l Carter Count
State of Oklahoma, be and he
II. hereby authorized and directed
I'd. give notice for ten days by public
Inn tion i'm the Ardmoreite. a newspap