The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1909-06-24
MINUTES OF THE SPECIAL MEET
ING OF THE DISTRICT BOARD.

t
day OF June. \. D., 1909 pursuant to
a call Of the director Present, VI. 4.
Stansberry. director. presiding; ]. H..
Kuntz. clerk and j. w. Arnold. treas
urer.
Thcrcupou the following proceed
Irgs were had to-wii.
Mr.. J. VI. Arnold introduced res
olution and order entitled:
\ resolution and order providing
for the issuance of the negotiable cou-
pom bonds Of school district No. 21,
Carter County. Oklahoma, to the
amount OF S2.GoOoO. for the purpose
of funding a like amount of the legal
outstanding warrant Indebtedness OF
said school district prc~cribing the
forms of said bonds and Of the in.
torest coupons TO be attached there
to. providing for the 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 II. Kuntz, and seconded
by J. VI. Arnold that said resolution
and order as read. be adopted
on roll call the motion was carried
by the following Ayes. NJ A..
Stansbcrry, !. II. Kuntz, J. 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:
\ resolution and order, providing
for the issuance of the negotiable cor.
pom bonds of school district No. 21,
Carter County. oklahoma, to the
amount OF 50 10000, for the purpose OF
funding a like amount Of the legn
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. g,
Carter County. Oklahoma, body cor
porate duly organized and existing uli'
der and by virtue of the laws and
constitution OF the state OF Oklah =
ma, has a valid and binding ont
standing Indebtedness TO the amount
Of S2,6O0OO incurred ( or Lawful
school district purposes and within
the constitutional and statutory lini
tation evidenced by warrants OF said
school district regularly issued by IT.
board of directors i'm strict COM i!
ance with law, being warrants MN
tered as follows. to-wit.
No. /, July Q, 1908, $4,000.
No. Z. Oct. 80, 1908, s303.7I
No. SO, Feb. II, 1909, S1,O7SOO
No. &C. March s. 1909, s57693.
No. 70, April Q, 1909, $4,000.
No. a. April ., 1909. s23i,SG.
Whereas, said warrants have no
been paid for the want Of funds anC
are due and payable. but the sale
| school district has no funds in III
treasury available for the purpos,
and said school di-trict through II,
board of directors has entered int
an agreement with the owners o
, said warrants for the fundment an,
payment of the said by the ISSUANCE
I Of the negotiable coupon bonds o
r said district at not less than par L
: the aggregate amount OF 100000 a
\ may properly and lawfully be don
:, under and pursuant to the provision
- of the constitution of the state @
Oklahoma and an act of the legisl'
tive assembly of the Territory of on
lahoma. entitled, AN act 10 enabl
counties, municipal corporations an
boards of education of any city G
, school district 10 refund their indob
edness." Approved March 18th. 100
- and extended in force in the state {
l. Oklahoma by the constitution Their
Of
II Now Therefore be It Resolved an
Y Ordered by the Board OF Directors (
School District No. 81, Carter Cou
- ty, Oklahoma:
Section !. That the clerk of sa
- school district No. 81 Carter Count
4 State of Oklahoma, be and he
O hereby authorized and directed