The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1909-08-03

other details OF the issue. Said reso
lution was then read in full by the
clerk.
Moved by ! II Kuntz, and seconded
by ] NJ. Arnold that said resolution
and order AZ read. be adoDted.
on roll call the motion was carried
hv the following Ayes. W. A.
Stanshcrry, ! H. Kuntz. J. NJ Arnold.
Noes" none.
The resolution was hy the presl.
dent declared duly adopted and or.
dcred spread upon the record Of the
board.
Said resolution adopted as aforesaid
in words aud figures as follows. TO-
wit:
4 resolution and order providing
for the issuance OF the negotiable con.
pom bonds OF school district No. 81.
Carter County. Oklahoma, to the
amount OF s2G0000. for the purpose OF
funding a like amount OF the legu
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 n sinkng 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, a body cCr
poratc duly organized and existirg uu.
der and by virtue OF the laws lnc
constitution OF the state OF Oklah
ma, has a valid and binding ort
standing Indebtedness to the amount
Of s2,60O00, incurred or lawful
school district purposes and within
the constitutional and statutory lini.
tation evidenced by warrants OF said
school district regularly issued bv ITS
board OF directors in strict conf H..
anco with law. being warrants MN
hcrcd as follows, to-wit.
No. /. July Q. 1908, $4,000.
No. :. Oct. 80, 1908. s3O3.75.
No. SO, Feb II, 1909, 81 ,07S.00
No. sc, March s, 1909, s57G.93.
NJ. 70, April 3, 1909, $4,000.
No. "A, April Q. 1909, s234sG.
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 its
treasury available for the purpose
ard said school di-trict through its
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 the negotiable coupon bonds OF
/ said district at not less than par to
F the aggregate amount OF 81 10000, as
may properly and lawfully be done
under and pursuant 10 the provisions
Of the constitution OF the state OF
Oklahoma and an act Of the leg sla.
tive assembly OF the Territory OF Ok.
lahoma. entitled. AN act 20 enable
counties. municipal corporations and
boards OF education of any city or
school district 10 refund their indebt'
edness" Approved March 18th. 1905,
and extended in force in the state OF
Oklahoma by the constitution there
Of
Now Therefore b- II Resolved and
| Ordered by the Board OF Directors OF
School District No q, Carter Coun'
! ty. Oklahoma:
Section /, That the clerk OF said
school district No, 81 Carter County
State OF Oklahoma, be and he Is
hereby authorized and directed TO
give notice for ten days by publlca
tion i'm the Ardmorelte a newspaper
published in the city OF Ardmore the
County Seat OF Carter County, and
OF general circulation In said county,
and by posting in at least five public
| places in said school district that said