The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1909-06-23
MINUTES OF THE SPECIAL MEET.
ING OF ThE DISTRICT BOARD.

day Of june, \. d, l9O9. pursuant 10
a call of the director. Present. NJ. A
Stansberry director. presiding j. H.
Kuntz, clerk and J. VI. Arnold trees
urcr.
Thorcupon the following proceed.
ings were had to.wit:
Mr. j. NJ Arnold introduced res.
o'ution and order entitled:
4 resolution and order providing
for the issuance OF the negotiable cou.
pom bonds OF school district No II,
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.
tercst 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 20
constitute and maintain 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. Kuntz. and seconded
by J. NJ. Arnold that said resolution
and order as read, be adopted.
on roll call the motion was carried
by the following Ayes" VI. 4.
Stansberry. ]. II. Kuntz. J. NJ Arnold.
Noes" none.
The resolution was by the presi.
dent declared duly adopted and or
dcrcd spread upon the record Of the
board
Said resolution adopted as Aforesaid
in words and figures MS follows. 10.
wit:
\ resolution and order, providing
for the issuance OF the negotiable con.
pon bonds of school district No. 81,
Carter County. Oklahoma, TO the
amount Of s.. 10000. for the purpose OF
funding n like amount Of the lcgit
outstanding warrant indebtedness o.
said school district, prescribing the
forms of said bonds and of the inter
est coupons TO he thereto attached;
providing for the levy of an annual tax
sufficient to pay the interest on said
bends when due and 10 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. e..
/ Carter County. Oklahoma body cCr.
porate duly organized and existing mi-
der and by virtue of the laws anG
constitution of the state OF Oklah \.
ma, has valid and binding ort
standing indebtedness 10 the amount
of s2.6OO.0O, incurred or lawful
school district purposes and within
the constitutional and statutory limi
tation evidenced by warrants OF said
school district regularly issued by lt'
board OF directors in strict conn Il!
ance with law, being warrants MA
tered as follows, to-wit.
No J., July Q, 1908, $4,000.
No :. Oct. 80. 1908. s3O37l
No. SO. Feb. II. 1909, $1,07S.O0
No. &c, March s. 1909, s576.93.
No. 70, April Q, 1909 $4,000.
No. "a, April Q, 1909, $23iS6.
Whereas. said warrants have not
been paid for tho want Of funds and
are due and payable but the SAID
school district has no funds in Us
treasury available for the purpose
and said school district through il.
board of directors has entered int
an agreement with the owners o
said warrants for the fundment anC
Of the negotiable coupon bonds o
said district at not less than par [,
the aggregate amount of S2600,00, al
D may properly and lawfully be don,
, under and pursuant TO the provision
> of The constitution of the state o
Oklahoma and an act of the legisla
, tive assembly of the Territory Of OK
lahoma. entitled, AN act TO enabl
counties. municipal corporations an
boards Of education Of any city o
school district to refund their indebt
- edness" Approved March 18th. 1905
T and extended I'm force in the state q
j. Oklahoma by the constitution there
{ OF.
; Now Therefore he il Resolved an
Ordered by the Board OF Directors {
I School District No. 2l. Carter Coul
1 ~, Oklahoma:
n Section !, That the clerk Of sal
school district No 81 Carter Count
State of Oklahoma, be and he
hereby authorized and directed
: give notice for ten days by public