The Vinita daily chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1902-1913, 1910-09-12

warrant register TOT lne purpose VI
registering all such warrants and
bonds when bought. and for the fur
ther purpose of showing the date of
redemption OF such bonds and war
rants by himself out of the proper
funds. together with the interest re
celyed.
Section 3. That such investment
warrant register shall be known as
.'The Sinking Fund Investment Bond
and Warrant Register"
Section 4. That after purchasing
and registering such bonds and war
rants, as provided by law and as above
provided. the City Treasurer shall at
once place them in a safety deposit
hoy. in some vinita banking house
vault, there to be kept until he has
made call for the payment of bonds
and warrants, in which all, or part, of
the bonds or warrants so held are in
cluded.
That when such bonds and warrants
are due and payable, and have been
called, the City Treasurer will at once
pay them in their regular order Of is.
sue, and place the interest and princi-
pal in and to the credit of the Sink
ing fund, by a proper entry in his led
ger.
Section 5. That the City Treasurer's
ledger shall always carry an account
on the page with his fund and bank
accounts showing the total amount of
such warrants and bonds on hand as
a sinking fund investment, and an en-
try shall be made at least once a
month from his check book showing
the amount of such warrants purchas-
ed, with a corresponding entry against
the sinking fund showing an equal
amount paid out.
Section 6. That in the purchase of
any such bonds or warrants, the
Treasurer shall draw check in trip
Ilicate, stating the name, number and
series of such bonds or warrants pur-
chased, the purpose purchased for.
and the duplicate of such check shall
be presented to the City Clerk. with
other duplicate checks. and warrants
paid, at the close of each month when
,,o1-s,,c bse ronOrt
Section Z. That in his monthly re-
port to the Clerk in which a statement
of all collections and disbursements is
made, the City Treasurer shall enter
the amount of such bonds and war
rants purchased as collection" un-
der the head of Investment Bonds
and Warrants" and he shall enter the
amount paid for such bonds and war
rants as a check-out on the bank on
which his checks were drawn to buy
them.
Section s. That in the redemption
of such bonds and warrants the Treas
urer shall enter them as paid on his
report to the City Clerk and return
them to the City Clerk in special en-
velope, pinned together.
Section 8. That for the purpose of
keeping a check against the Treas
urer, the City Clerks ledger shall
show the same amount for the pur-
chase of these Investment Bonds and
Warrants as is carried by the Treas
urer, and the entries to this account
shall be made monthly, and this ae
count shall balance monthly with the
same account on the Treasurer's led
lger and if the accounts do not bal
ance. then the City Clerk must notify
the City Council and Mayor forthwith
Section 10. That the City Treasurer
is hereby authorized and directed e
purchase for the Investment of the
Sinking Fund.- all street improve
ment and sewer bonds received by the
lCity to reimburse it for warrants is
lsued for publication or Ordinances
paying engineers fees, inspectors fees
lappraising fees and clerical fees; ant
that the money taken from the sinking
fund to purchase such bonds be plac
ed to the credit OF such funds as tht
warrants we're drawn on, and be nse(
to redeem such warrants.
] Section IL That the bonds so pur
chased for the sinking fund shall bt
Registered and handled as other bond.
and warrants for the sinking fund, ant
that they shall be paid as other bonds
and warrants are paid, and the prin
cipal and interest returned to the sink
! ing fund when they are paid.
Section u. That the Treasurer. il
his monthly report to the council
shall show the amount of such bondi
and warrants purchased during th'
previous month for the sinking fund
! and the number of such bonds an,
! warrants redeemed for the sinking