The Vinita daily chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1902-1913, 1912-12-06
ORDINANCE NO. 997.

(tirst Published December 6, 1912,
in the Vinita Daily Chieftain, by d.
NJ Marrs Printing Co., Publisher
An Ordinance Providing For the Is.
suance of the Negotiable Coupon
Bonds of the City of Vinita,- State
of Oklahoma, TO the Amount of Nine
Thousand One Hundred and Twenty
Nine Dollars and Twenty-Six Cents,
For the Purpose Of Funding a Like
Amount of the Outstanding Legal
Warrant Indebtedness of Said City,
Ratified at an Election Duly Held
For Such Purpose; Providing For
the Levy of an Annual Tax Sufficient
to Pay the Interest on Said Bonds
when Due And to Constitute Sink.
ing Fund For the Discharge of the
Principal Thereof at Maturity, And
Fixing the Other Details of the
Issue.
Whereas, on the fifth day of No
yember A. D. 1912, pursuant to a proc
lamation of the Mayor heretofore is
sued. an election was held in said
City for the purpose of submitting to
the qualified electors of said City the
question of the issuance of the bonds
of said City i'll the sum of Nine Thou
sand, One Hundred and Twenty Nine
Dollars and Twenty-siX cents for the
purpose of paying the Indebtedness of
said City evidenced by warrants is
sued in excess of the annual income
and revenue provided, as shall here
after be approved by the District Court
of Craig County, upon an application
of said City in said court to fund such
Indebtedness under and by virtue of
Chapter III, Sessions Laws of Okla
homa, 1910, and other statutes: and
Whereas, as shown by the canvass
of the County election board; as a
board of canvassers, of such election,
-Four Hundred and Fifty-six votes were
cast in favor of the issuance of said
bonds; Three Hundred and Two votes
were cast against the issuance of said
bonds, and no mutilated ballots were
cast; the number of votes cast in
favor of the issuance of said bonds
being more than three-hfths of the
votes cast at said election; and the
issuance of said bonds has beea au-
thorized and directed; and
Whereas, the said City has no funds
in its treasury with which to pay said
warrants, and it is deemed necessary
to fund and pay the same by the issu-
ance Of the negotiable coupon bonds
OF said City to the aggregate amount
of Nine Thousand One Hundred and
Twenty-Five Dollars and Twenty-Six
cents as may properly and lawfully
be done, pursuant to the provisions of
Article 3, Chapter {, Session Laws of
Oklahoma. 1905, and other Statutes
of the State supplementary and
thereto and
Whereas, the City has arranged
with the owners and holders of the
warrants so ratified and APP
proved for the fundment and payment
of the same by the issuance at not
less than par of the negotiable cou-
pom bonds OF said City as aforesaid.
Now. therefore
Be it Ordained by the Mayor ard
Councilmen of the City of Vfnita,
State of oklahoma
Section l. That for the purpose of
funding a like amount of outstanding
and matured warrant indebtedness of
the City of Niuita, Craig County. Ok
lahoma, ratified and approved as
shown in the preamble hereof there
shall be and there are hereby author
lied aud directed to be issued the
negotiable coupon bonds Of said City
in accordance with the form pre-
seribed by the Bond Commission OF
the State of Oklahoma, to an amount