The Beaver herald. [volume] (Beaver, O.T. [Okla.]) 1895-1923, 1911-02-16

80 -HHHt
Resolved-Whereas. the County Of
Beaver. state Of Oklahoma, now has
outstanding, certain warrant and judg-
ment Indebtedness aggregsting. with
interest, the sum Of Forty-three Thou
sand. One Hundred Eighty.four tsi3,-
lSii Dollars, all Of which represents
Indebtedness. heretofore legally incur
red for lawful purposes by said Beaver
County hat all Of SAID warrants and
judgments are now existing aud UNI
paid. sud all Of said Indebtedness is
now due and payable aud there are no
funds in the Treasury with which to
pay the same. and
Whereas, il is deemed necessary to
fund and pay the same 10y the issuance
OF funding bonds OF a like amount for
which full authority is given under
the provisions Of Nh act Of the legisla-
tive assembly Of the Territory Of Okla
homa, entitled IAN act to enable
counties, municipal corporations, the
boards OF education Of any city or
school district to refund ther indebted.
ness" approved March II, 1905, and
extended and put in force in the State
Of Oklahoma by Section . Of the sche-
dule Of the Consultation thereof, and
Whereas, said Board O! County Com
m~issioners has arranged foT the sale of
said bonds at a price Of par, and also
for the surrender of said outstanding
warrant and judgment Indebtedness
simultaneously with the issuance OF
said bonds and the cancellation Of said
warrant and judgment Indebtedness
with the proceeds from the sale Of said
bonds, therefore
Be St Resolved by the Board Of
County Commissioners of Beaver
County, State Of Oklahoma:
That the County Clerk is hereby
authorized and directed by publication
in the Beaver Herald, a newspaper OF
general circulation in Beaver Count
and published at Beaver, the county
seat Of Beaver County and by posting
in 90 public places in said County, to
give the public notice that on the 3lsi
day Of March, A. d. 1911, the proper
officers of said county will go before
the District Court of said county and
there make a showing and ask the
Court to hear and determine the char.
acter and amount of the outstanding
Indebtedness OF said County of Beaver
that Is subject To being funded undel
the Constitution and laws of the Stat,
Of Oklahoma, and authorize the issu,
ance OF said bonds in the sum of Forty,
three Thousand, One Hundred Eighty.
four ($i3,lsD Dollars, aud to sign il
open court the bonds Of Beaver County
To be issued TO fund said outstandin.
warrant and judgment Indebtedness o
Il like amount, at which time and place
any and all persons interested may ap
pear and demonstrate against the is
suance OF said bonds.
Said bonds shall be Designate
Funding Bonds Of 1911" shall b,
forty four (4D in number, numbered
from one a u forty-three (43J boil
inclusive, OF the denomination of On,
Thousand $1,000 Dollars each. al
number forty four tiD o. the denomi
nation of One Hundred Eighty-fou
$50 Dollars shall bear date Of Marcl
81, A. d. 1911, and shall become due
and payable March 81, T. d. 1891 shall
bear interest at the rate of Six 90 pc
centum per annum, payable semi-an
uually ON the 3lst day OF March an,
September Of each year, which in
stallments of interest shall be evidenc
ed by coupons Of proper date, amour
and maturity attached To each bond
both principal and interest payable il
p lawful money OF the United States o
America at the fiscal Agency Of tn
State OF Oklahoma, in the City ant
/ State Of New York, or in the event o
the dis~continuance of such Agency
then at the National Reserve Bank il
said City aud State of New York.
That each of said bonds. and each o
the interest coupons thereto attached
. shall be in substantially the following
forms, respectively, to-wit:
(FoRN or COUPON)
, NOs----------- ----------
On the----day off, ---.A D
H.. The County Of Beaver, State o
Oklahoma, will pay to bearer the sun
of dollars, lawful none!
Of the United States of America, at thu
Fiscal Agency Of the State of oklaho
ma in the City and State Of New York
or in the event of the discontinuanc'