The Vinita daily chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1902-1913, 1912-11-21

seal of said City and each of said in
terest coupons shall be executed by
the Autographed fac-simile signatures
of said Mayor and City Clerk: and said
officers are hereby authorized and di-
rected to cause said bonds and inter-
est coupons to be prepared, and to
execute the same for and on behalf of
said City
After their execution as aforesaid,
said bonds, together with a certified
copy of this ordinance shall be pre-
sented to the District Court of Craig
County State of Oklahoma, at the
time of the application relative to their
issuance as hereinaboye set forth; and
| if said Court shall find in favor of the
existence, character and amount of the
warrant debtedness to be funded by
said bonds as aforesaid, and shall
order and adjudge in favor of the is
suance of said bonds, said bonds shall
thereupon be presented to and signed
| by the Judge of said Court in open
Court. his acts being attested by the
Clerk of said Court, under the seal
thereof and thereafter said bonds
shall be delivered to the Treasurer of
said City in the manner and at the
time required by law. Said bonds
shall thereupon be duly certified by
the County Clerk and County Attor-
lney of said Craig County, and duly
Registered by the Clerk and Treasurer
of said City of Vnita, by the County
Clerk of said County, and by the State
Auditor as required by law, which Off
GERS shall endorse upon each bond
their respective certificates of such
registration. thereafter said bonds
shall be presented to the State Bond
Commissioner, for his approval and
Endorsement and thereafter said bonds
shall be delivered to the purchaser of
same from the Mayor and CounciImen
of said City upon payment of the pur-
chase price thereof, which shall not
be less than par and accrued interest;
provided however, that none of said
bonds shall be issued and delivered
until like amount of outstanding war
rants to be funded and paid thereby
shall be delivered up for cancellation
and cancelled.
The Mayor. City Clerk and City At
torney of said City are hereby author
lied and directed, ON behalf of said
City to present the application and
petition OF said City to the District
Court as aforesaid, and to submit
proof of the existence. character and
amount of the warrant Indebtedness
hereinabove mentioned and Of the
ratification and approval of such in
debtedness by said City at an election
duly held for that purpose; and the
acts aud doings of said officers are
hereby declared authorized, ratified
and confirmed.
Section A. That for the purpose of
providing the necessary funds to pay
the interest on said bonds promptly
when and as the same fails due and
also to constitute and maintain sink
ing fund to be designated as The
Funding Bonds of 1912 Sinking Fund, !.
sufficient to discharge the principal
of said bonds at maturity, there shall
be ard there is hereby levied on all
Of the taxable property in said City. in
addition to all other taxes, the follow
ing direct annual tax to.wit:
IN the year of 1913 a tax sufficient
10 produce the net sum of s1725.S6 be-
ing sio95.52 for interest due July !,
1912, January ist 1913. July lst 1913,
and January |. 1914, and $63OS4 for
principal
In each of the years 1914 to 1887,
both inclusive a tax sufficient to pro-
duce the net sum Of s54776 for inter
est and sS6517 for principal
Said tax shall be and is hereby or
dered certified levied, and extended
upon the tax rolls aud, collected by the
same officers and in the same manner
and at the same time as the taxes for
general purposes in each of said years
are certified extended and collected;
and all funds derived from said tax
shall be placed in said sinking fund,
which, together with all interest col
lected on same. shall be irrevocably