The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1911-05-01

should be entered upon the record o.
said court as the judgment and de
cree thereof, and that said City OF
Ardmore was duly authorized to issue
its negotiable coupon bonds to the
amount of $i7,1OO for the purpose OF
funding the warrant Indebtedness
aforesaid to a like amount. and
WHEREAS, no appeal has been
taken from the order, judgment and
decree of the District Court aforesaid,
nor has any case been prepared or
served. and no petition in error has
been filed in the supreme court of the
State of Oklahoma for a review OF
said order, Judgment and decree; and
WHEREAS, the funding bonds
aforesaid have been duly sold TO the
United States Bond and Mort cage Co
the highest and best bidder therefor,
at the price par and accrued interest;
and
WHEREAS, all things necessary TO
be done under the constitution and
the laws of the State of Oklahoma
to fully authorize the execution and
the issuance of said funding bonds
have been done in due form and time,
Now, Therefore,
BE IT ORDAINED BY THE BOARD
OF COMMISSIONERS OF THE CITY
OF ARDMORE, OKLAHOMA:
Section /. That the funding bonds
of the City of Ardmore, Oklahoma,
mentioned in the preamble hereof, and
the interest coupons thereto attached
shall be executed by James \. Cotner
as mayor and G. II. Bruce as city clerk
of said city, substantially in the forms,
respectively, and in the manner pre-
scribed by Ordinance No. -, passed
by the board Of commissioners of said
city on August 2nd, 1910, and as an
ment and decree of the District Court
of Carter County, Oklahoma, made
and entered at the September, 1910,
term of said court. When so executed
said bonds shall be presented to the
District Court of Carter County, Okla
homa, for signature by the Judge
thereof in open court and for the au-
thentication of such signature by the
clerk of said court. Thereafter said
bends shall be endorsed with the Joint
certificate of the county clerk and
county attorney of said Carter Coun
ty; and shall be registered in the of
fees, respectively, of the city clerk
of said city of Ardmore, the county
clerk of said Carter County, and the
auditor of state of the state of Okla
homa, with certificates of such regis
tration, respectively, endorsed upon
each bond-all substantially as and
in the manner and form set forth in
Ordinance No. 72 aforesaid After
their execution, segistration and Ger
tification asETesaid, said bonds, to-
sSrh%F ser"t complete r%rn9 &C certified rrdcedn rnn
had relative to their issuance. shall be
presented to the state bond commits
sioner of the state of Oklahoma, and
if he approves, for the endorsement
by him of their certificate of approval
upon each bond.
Said bonds, upon their approval by
the state bond commissioner as afore-
said, shall then be delivered to the
said United States Bond and Mortgage
Co., the purchaser of the same, upon
payment of the purchase price there
for: provided however, that prior to
or simultaneously with the delivery of
said bonds like amount of the out
standing warrants to be funded and
paid thereby as aforesaid shall have
been or shall be delivered up for can
collation. and cancelled-it being the
intent and purpose that the issuance
of said funding bonds shall not for
any moment of time or to any extent
create a new or additional indebted,
ness of said CITY of ArdmOre.
Section .. That all proceedings and
all acts heretofore had and done or
hereafter to be had and done in and
about the preparation, execution, issu
ance. sale and delivery of the funding
bonds aforesaid. as in this ordinance
and in Ordinance No. 72 aforesaid
provided, be and the same are hereby
declared in all respects duly author
lied. ratified. approved and confirmed ;
and said bonds executed, registered
certified, approved and issued as here
inabove set forth shall be and the
same are hereby declared to consti
tute the valid and binding obligations
of said City of Ardmore, and to con
stitute an irrevocable contract by
and between said city and the holder
og