The Vinita daily chieftain. [volume] (Vinita, Indian Territory [Okla.]) 1902-1913, 1912-11-20

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 Aannual 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 Noyem-
Der A. d. 1912, pursuant to procla-
nation Of the Mayor heretofore issued,
an election was held in said City for
the purpose Of submitting TO the quail
fled electors of said City the question
of the issuance of the bonds of said
City In the sum of Nine Thousand,
One Hundred and Twenty-Five Dol
lars and Twenty.six cents for the pur-
pose 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, Session 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 Ffty-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-fifths of the votes cast
at said election; and the issuance of
said bonds has been authorized and
directed; and
Whereas, the said City has no funds
in its treasury with which to pay said
warrants, and 1t is deemed necessary
to fund and pay the same by the issu-
anee 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 7, Session Laws of
Oklahoma, 1905, and other Statutes of
the state supplementary and amenda-
tory thereto; and
Whereas. the said City has arranged
with the owners and holders of the
aforesaid warrants so ratified and ap-
proved for the fundment and payment
of the same by the issuance of not less
than par of the negotiable coupon
bonds OF said City as aforesaid; Now
Therefore
Be 1t Ordained BY the Mayor and
Counclmen Of the City Of Vinta,
state OF Oklahoma.
Section !. That for the purpose Of
funding a like amount Of outstanding
and matured warrant Indebtedness of
the City of Vinita, fCraig County, Ok
lahoma, ratified and approved as
shown In the preamble hereof there
shall be and there are hereby author.
ized and directed to be issued the ne
gotiable coupon bonds. of said City in
accordance with the form prescribed
by bond commissioner of the State of
Oklahoma, to an amount aggregating
the principal sum of Nine Thousand,
One Hundred and Twenty-Five Dol
lars and Twenty-Six cents, or so much
thereof as may be by said court found
subject to being funded, as and in the
manner hereinafter provided.
And the City Clerk of said City be
and he is hereby authorized and di-
rected by publication in the Vnita
Daily Chieftain, newspaper published
at the City of Vinita the County seat
of Craig County, Oklahoma, and of
general circulation in said County, and