The Guthrie daily leader. [volume] (Guthrie, Okla.) 1893-1996, 1911-12-22
(r!rst published in the Guthrie Daily
Leader. December %, 1910
ORDINANCE NO. 1869.


An Ordinance providing for the lssu-
ance Of the negotiable coupon bonds Of
tho City of Guthrie. Oklahoma. in the
aggregate amount OF 100000 Tor the pur-
pose of providing funds for the improve
ment of the public parks, owned and
controlled exclusively by said city; pre-
scribing tile form Of said bonds. and OF
tho interest coupons to be thereto at
tached providing for the levy and collec-
tion OF an annual tax sufficient to pay
the ini crest on said bonds as II falls due
aud 10 constitute sinking fund for the
payment of the principal thereof within
twenty-five years from their date; and
fixing the other details OF the issue;
, Whereas. At an election duly called and
held in said City of Guthrie. in the
County Of Logan and State. OF Oklahoma,
on The Ath day of May. A.. D.. 1911, the
foleng ,p Prep9sltioG It t,1,tSria to,Ti oklahoma
be authorized and instructed, to Issue the
bonds OF said City, fJr the Improvement
OF the Public Parks oTilel and controlled
by the City of Gutllie, by the construc-
ton of Public bath houses pavilious,
fountains water wells, driveways and
water mains all said Improvements to be
owned and controlled exclusively by sald
City OF Guthrie. in the sum OF One
Hundred Thousand Dollars (SlO0,0OO) SAID
bonds to run not to exceed twenty five
t95) years from date at a rate of interest
not 20 exceed five per centum per annunl.
payable semi-annually, said bonds 70 bc
sold at not less than their par value; and
TO make provision for the collection OF an
annual tax in addition TO other taxes,
sufficient to pay the interest on said in
debtcdness as l. falls due and to consu-
tlite sinking fund for the payment OF
the principal thereof within twenty-five
t2J) years from the time OF contfactlilS
the SaD1e?'
was submitted to The qualified propertJ
taXpayng voters; and
Whereas, At meeting OF the Mayor
4tx,.,. AL IF & n
held on the 18th day of May, 1911 fol
the purpose of canvassing the returns OF
said election. the same having been re-
turned 10 them after canvassing the
same 1t was ascertained, determined ana
declared that said proposition so submit
ted received n majority Of the votes cas-
at said election, and that the PROPOSE ion
to issue the bonds of said CITY Of Guthll1
for the purpose OF providing funds for the
Improvement Of The public PARIS OF said
city. carried; and
Wslecas, II is made to appear that al
Of .he electors voting at said election
we're duly qualified property taXpaylnG
electors of said city under the laws and
constitution of the State of Oklahoma
and that the electors voting in favor OF
the proposition 20 authorize the Issuance
Of said bonds for the purpose and TO the
amount above set out constitute more
than d majority of the voters votng
said election, and as he result of said
election said City of Guthrie is author
ized to issue its negotiable coupon bonds
tD the amount of One Hundred Thousand
Dollars (S100,000) for the purpose of i'm
proving said parks; and,
Whereas As shown by plans. specifica-
/ ions and estimates submitted to he |
Mayor and Councilmen of said City OF |
Guthrie, the estimated cost oil SAID I'M
is One Hundred Thousand |
Dollars (s100,000); and,
Be Il Ordained by the Mayor and
councilmen Of the City OF Guthrie,
Oklahoma:
Section l. That for the purpo. Of pri- |
viding funds for the improvement Of .ae
public parks in and owned exclusively DyI
said City, of Guthrie. there shall be and /
there are hereby ordered and directed TO
be issued the negotiabl coupon bonds OF
Hundred Thousand Dollars ($l00,000)
which bonds shall be designated Park |
Improvement Bonds of 1911" shall be one
hundred fi00D in number, numbered from
one ~ to one hundred (100). both in |
elusive, of :he denomination of One
Thousand Dollars t$l,000) each SHAH be
dated December Is. 1911, slall become
Iue and payable December 10, 1886, SHAH
bear interset at the rate OF fiNe PEI
.entum per annum, payable semi annually
IN til 18th days of June and December
# each year, which installments of in
crest to date of maturity shall be evl-
fenced by proper coupons attached there
%. both principal and interest shall be
# Oklahoma. in the City and State oil
Vew YORK or in the event of the DIS
continuance Of such agency. hen at tle
National City Bank, in said City and
;tate OF New York. l.
Sectiin ?. That each OF said bonds and
.ach of the interest coupons attached I
hereto shall be in substantially the fol- "a
owing forms. ;o-wit:
(Form of Bond.) i
UNITED STATES OF AMERICA Il
l.
TATE. OF OKLAHOMA-CoUNT or II
LOGAN "
CITY OF GUTHRIE Ii
ARK IMPROVEMENT BOND OF 1911. a
Know All Men BY These Presents; That |
ba CITY OF Guthrie. in the County OF Il
.ogan and State of Oklahoma. q duly I
ages itself to owe. and, for value re- II
rived hereby promises 10 pay to bearer t
he sum Of ONE THOUSAND DOLLARS Q
Il 0o0l. on the Fifteenth Day OF Decem- +
er A. d.. 1885. together with interest OF h
lid Jun trp@ date bsrect until pad 10