The Brookings register. [volume] (Brookings, Brookings County, S.D.) 1903-1971, 1911-06-22

Is evidenced by and PAYABLE unon rr..o.
'"l'"h ana surrender of the annexed iut.r-
,si coupons as they severaIIy become d..
B'lh principal ana interest of this hon.
a. i''''pie ln lawful money of the United
','l'9 OF America at the Banking HONS.
or IaiSon. son q company. i'm tha r..
"." FtaI' OF New York, or at the ortisy
'i inc holder, at their Banking House i'm
'H' Guy OF Chicago, Illinois. Ana for tb,
prompt payment of the princip1I ana 81.
Ltrest OF this bond as they rospecti,al,, t
come due, the fun faith. credit and r-
sources OF said city OF Brookings are nar.-
10y irroTocably pledged.
THIS BOND is issued bv said rtt,
Broohln-s for the purpose Of PROVIDING FUNDS
i"' -" construction Of a city hall ana adj
m'hlstration building for the use OF said
city pursuant to the favorable vote of NOR.
than a majority of the legal voters Of s4fs
cI'l az an election duly and legally called
ana held for that purpose, and pursuant ii,
resolutions and ordinances OF the city Cour-
Ell OF said city duly passed approved ana
d''pt'd' and is authorized by and issued
IN iuIl conformity with the Constitution
and laws Of the state of South DaL,t1
particularly Section 1929 of the Political
code. of said State.
MD 1T Is HEREBY CERTIFIED AND
RECITED that all acts. conditions ana
things required by the Constitution ana
laws Of the State of South Dakota TO exist
happen or be performed precedent to and
I'm the issuance of this bond have existed.
ia anu DttN performed IN regular and
due form, time and manner as required by
law; that the total indebtedness OF said
CITY including this bond. does not exceed
any constitutional or statutory limitation:
ana mat provision has been duly made FOR
the collection of n direct annual tax upon
all the taxable property in said citv suf-
hcIont TO pay the interest on this bond
and the principal when due.
IN WITNESS WHEREOF, said CITY Of
brooklngs' by its City Council, has caused
ms oond to be signed by its Mayor and
by its City Auditor. and it's cor
poTate seal TO be hereto affixed, and has
caused the annexed interest coupons TO he
with the original or fac smile
Of said Mayor and City Auditor.
ana this bond to be dated the first day OF
June. A. u 1911,
(SEALD
Attest. No.
city Auditor.
FORM OF COUPON.)
On the first day OF (June (Decemberl
10. the City of Brookings. in the Conn
~ OF Brookings. state Of South Dakota.
will pay to bearer Twenty-Five Dollars Law.
full money OF the United States of America
at the Banking House of Farson. Son q
Company. in the City and State of New
York, or at the option of the holder. at
their Banking House in the Citv ~ cb,co-
20, Illinois, being the semi-annual interest
then due on its City Hall Bond dated Tune
l. 1911. Mo-.
Mayor.
..,.,,.... City Auditor.
Section 3. The Mayor and CItv Aud,,o-
are hereby authorized, as soon as said bonds
nave been prepared, to execute the Same
for and on behalf Of the city substantially
in the manner and form aforesaid: pro-
vided that the interest coupons NAV he
executed with the original or Autographed
FAC smile signatures of said officers. When
duly executed. said bonds shall be de-
to the purchasers thereof, or to
such person as they may direct, upon paw
ment Of the purchase price therefor, and
the proceeds shall be deposited in n spe-
fund and used and applied solely for
purpose for which said bonds are Issued.
Section 4. That for the purpose Of pro-
viding the necessary funds to pay the In
terest on said bonds as it falls due and to
a sinking fund for the payment
Of the principal thereof at maturity, there
shall be and there is hereby levied upon
the taxable property in the City of
Bookings, in addition to all other taxes, a
direct annual tax for each OF the years
l911 to 1880 inclusive. sufficient to produce
IN each of said years the sum OF two
dollars $4,000. OF which one
dollars (s1000) shall be used to
pay the interest on said bonds. and the re-
nainder shall be placed in a sinking fund
FOR the redemption of the principal thereof.
IN case at any time said taxes shall not
nave been collected In time to meet the
payment OF the interest on said bonds as
{ falls due. the Treasurer is hereby au-
and directed to borrow from the
general funds OF the city SUFFICIENT money
% meet such payments, such funds to be
'eimbursed from the proceeds Of said taxes
when collected.
Section s. All Ordinances and parts OF
ordinances In conflict with the provisions
II this ordinance are hereby repealed.
Section 6. Whereas. the City of Brook
Is greatly in need of a new city hall
md administration building. an emergency
3 hereby declared. and this ordinance shall
AXE effect from and after its passage, up.
'roval and publication.
Passed first reading June sth. 1911.
Passed second reading June goth. 1911.
Approved June goth. 1914
Attest: w. Fl. LEIGHTY. Mayor.
!. n, Stoddart. City Auditor.