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

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
snance 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-
ney of said Craig County, and duly
registered by the Clerk and Treasurer
of said City of Vinita, 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 Councilmen
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
lized 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
lproof of the existence, character and
amount of the warrant indebtedness
lhereinabove 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 and doings of said officers are
hereby declared authorized, ratified
and confirmed.
Section T. That for the purpose of
providing the necessary funds to pay
the interest on said bonds promptly
when and as the same falls 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 and 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
TO produce the net sum Of $1725.S6 be-
ing SlO95.52 for interest due July L,
1912, January lst, 1918, July 1st, 1918,
and January 1914, and $6SO.S4 for
principal
In each OF the years 1914 to 1887
both inclusive tax sufficient to pro-
duce the net sum of $547.76 for inter
est and SS6517 for principal.
Said tax shall be and is hereby or
dered certified levied, and extended
upon the tax rolls and 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
pledged to the payment of the interest
on and principal of said bonds when
and as the same fall due.
Section 5. That copy of this Ordi-
nance signed by the Mayor of said
City, and attested by the City Clerk,
shall forthwith be filed with the Clerk
of Craig County for the purpose of
Ilevying such tax as herein provided
Section G. That this Ordinance shall
be in full force and effect after its
passage, approval and publication in
the Vinity Daily Chieftain.
Passed by the City Council OF the
City Of vinita, Oklahoma, on the 10Th
day of November, 1912.
Approved by the Mayor of the City