The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-07-13

the time Of the execution of said
bonds and coupons as aforesaid, the
said James \. Cotnec was the duly
qualified and acting Mayor of said
City.
Therefore, said As bonds, aggregat-
ing the principal sum of S47,100, exc
cuted, endorsed and certified as afore-
said, together with the interest cou-
pons thereto attached, executed as
aforesaid shall be and the same are
hereby authorized and directed 10 be
Immediately issued by delivery of the
same to the United States Bond &
Mortgage Company, of the City OF
Dallas. Texas, the purchasers of the
same from the Board of Commission
ers of said City, upon payment Of
| the agreed purchase price thereof
being par and acCruec interest: Pro
vided. however, that prior 20 or sim
ultaneously with the delivery Of said
bonds a like amount of the outstand-
/ ing warrants of said City to be fund
ed and paid thereby, as set forth in
Ordinance No. ~ aforesaid. shall be
delivered up for payment and cancel
end that by the issuance of said
/ funding bonds no new or additional
indebtedness of said City shall be
created for any amount of time
Sec. 8 That the signature of the
said City of Ardmore to each of the
As Funding Bonds aforesaid shall
be and d>the same is hereby treated as
the signature of David II. Dawson
the present Mayor of said City: and
the said David H. Dawson is hereby
authorized and directed TO adopt as
his signature the signature of the
said James A. Cotner. his predeces-
sor in office, as aforesaid, appearing
upon each of said 4S Funding Bonds.
and also to adopt as his lithosraph-
ed fac-simile signature the lithograph-
ed fac-simile signature OF the said
James 4. Cotner appearing upon each
OF the interest coupons attached to
said bonds: and said bonds and cou-
pons shall be and the same are here
by declared TO be legally executed
for and on behalf of said City Of
Ardmore and have the same force
and effect as If each of said bonds
had been executed by the said David
II. Dawson as Mayor Of said City, in
his own name, and as if each of the
interest coupons attached to each Of
bonds had been executed by the lith,
ographed fac-simile signature Of the
said David H. Dawson as Mayor OF
said City in his own name.
Sec. 4. That all acts and proceed
ings heretofore had or done or here
after to he had or done by the Board
OF Commissioners or any officer of
said City of Ardmore, or by their or
his direction. in and about the prep
aration. execution. registration. sale,
award and issuance of the Funding
Bonds aforesaid, as in this Ordi-
nance and in Ordinances Nos. - and
101 aforesaid provided, authorized and
directed, be and the same are here
by IN all respects ratified, approved
and confirmed. and said bonds so
executed, registered, approved and is
sued as hereinhefore set forth, and
each Of the interest coupons at
tached to said bonds and executed as
aforesaid shall he and the same are
hereby declared to constitute the val
id and binding obligations of said
City Of Ardmore, and to constitute
an irrevocable contract by and be-
tween said City and the holder for
the time being of each and every
of said bonds and interest coupons:
and all of the taxable property in
said City of Ardmore shall be and
the same is hereby made subject
to the levy of a direct annual tax,
i'm addition to all other taxes, suffi-
cieut 10 pay the interest on said
bonds when due and to constitute
sinking fund sufficient for the pay
~ment of the principal thereof at
maturity, rs in Ordinance No. -
aforesaid provided
Sec. .. That the delay which has
ensued in the ISSUANCE Of the fund
ing bonds aforesaid has initiated
against the credit of said City, to
the extent Of seriously interfering
with the performance Of It's proper
and necessary municipal functions.
and il is deemed and hereby de-
clarod necessary for the preservation
of the public health. peace and safe
ty in said City that ;he bonds afore-
said shall be issued without further