The Beaver herald. [volume] (Beaver, O.T. [Okla.]) 1895-1923, 1913-05-29
Attorney General. EX-Onicio Bond
Commissioner Of the State Of Oklahoma.

Oi Aitt olats Ol OhlhuDsnhs
Section 3. That each OF said bonds shall be
signed bI the President Of the Board OF Trus.
tees OF said Town, and the corporate seal OF
said Town affixed thereto, and attested by tht
Town Clerk Of said Town, and each of said In
ternst coupons shall be executed BY tho lltho
graphed fac-simile signatures Of said officers,
and said officers are hereby authorized and III
rected to cause said bonds and interest cor.
pons to be prepared and to execute the sam,
for and In behalf Of said town, have the same
registered by the Town Treasurer. certified t.
by the County Attorney and County Clerk and
presented 20 the Attorney General. Ex.Ofiicio
Bond Commis ioner, together with q certified
ira 'ipt of all proceedings had in connection
with their issue, Tor his approval and endorse
ment and thereafter to be delivered to the
purchaser OF the same, upon the payment OF
the put chase price therefor.
The proceeds derived from the sale OF said
bonds shall be placed In n special fund and
used solely for the purpose Of providing fund.-
with which to construct an Electric Light
System In and to be owned exclusively By said
Town.
Section 4. For the purpose OF providing th,
necessary funds to pay The interest on said
bonds when due aud also to constitute and
naintaip sinking fu-d to be designated as
The Electric Light Bonds Of 1913, Sinking
Fund" sufficient to discharge the principal
thereof at maturity, there shall be and there
is hereby ordered levied upon all the taxable
property in said Town Of Beaver. in addition
to all other taxes, the following direct annual
tax, to-wlt;
In the year 1913 tax sufficient to produce the
net sum OF $3.50, being s. ,25O for interest
falling due November ~, 1918, and May
aud November 20, 1914, and 81, 600 for prinei.
pal.
In each OF the years lsii to 1886, both inclusive,
tax sufficient TO produce the net sum OF
Sl,50O for interest aud the net SUN OF
S1,OJU for principal
IN the year 1887 tax sufficient to produce the
net sum Of $3.50 for interest, and Sl,OOO for
principal.
Said tax shalt bs and is hereby ordered GER
ihed, levied aud extended upon the tax rolls
and collected by the same officers, in the same
manner and at the same time as the taxes for
general purposes in each of said years are Ger
titled, extended, and collected that all funds
derived from said tax shall be placed in said
sinking fund, which, together with all interest
collected on same, shall be irreyUcably pledged
to the payment Of the interest on and principal
4 said bonds when and as the same fall due.
Section s. That a copy OF this Ordinance
signed by the President Of the Board of Trus.
tees of said Town, and attested by the Town
Clerk, shall forthwith be filed with the Clerk OF
Beaver County for the purpose of leyying such
tax as herein provided.
section6 9. That by reason OF said Town OF
HEAVIER being without sufficient lights it is deem.
ed and hereby declared necessary for the pres.
eyatiou of the public health, peace and safety,
that said Electric Light System shall be con.
'tructed without delay, aud TO that end that
this Ordinance shall become operative immedi.
ately wherefore, an emergency is hereby de-
clared To exist and this Ordinance shall he In
full force and effect Immediately from and after
It's passage, approval aud publication.
Passed the 2Oth day Of May, A. ID. 1913
Approved the 10th day OF May, A. d. 1918.
ELBEBT CLIRr,
lsEALl President.
Attest;
Jas. II. CRABTREE,
Town Clerk. 5-22 5.29 Nv