The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1915-07-14
SECTION THREE


homa.
SECTION THREE.
That each of said bonds shall be
signed by the mayor and attested by
the Clerk of said City under the cor.
porate seal of said City, and each OF
said interest coupons shall be eX.
ecuted by the autographed facsimile
signatures OF said Mayor and Clerk;
and the Clerk of said City is hereby
authorized and directed to cause said
bonds and coupons to be prepared,
and said Mayor and Clerk are hereby
authorized and directed to execute
the same for and on behalf of said
! City After they are executed as
aforesaid, said bonds. together with
| certified copy of this ordinance, shall
be presented to the District Court of
Carter County, Oklahoma, at the time
| of the application relative to their
issuance, as hereirabove set forth, and
if said court shall find in favor of the
! existence, character and amount of
! the warrant and judgment indebted
ness to be funded by said bonds as
aforesaid and order and adjudge in
favor of the issuance o. said bonds
| said bonds shall thereupon be pre-
sented to and signed by the Judge of
said court, his act being attested by
| the Court Clerk Thereafter said bonds
shall be delivered to the treasurer of
said City, in the manner and at the
time required bv law; said bonds
shall thereupon be certified by the
County Attorney and County Clerk
of said County and registered by the
Clerk and Treasurer of said City, and
also registered bv the County Clerk |
of said County and by the State Au-
ditor as required by law, which Of !
ticers shall indorse 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 pur.
chaser thereof, together with Ger.
titled transcript of proceedings, pro-
viding however, that said bonds shall
not be issued and delivered until the
above described Indebtedness to be
funded and paid thereby shall be duly
cancelled of record
The Mayor, City Clerk and City At
torney of said City are hereby author
lied and directed for and on behalf of [
said City to present the application and
petition of said City to the District
Court as aforesaid and submit proof
of the existence. character and amount
of the warrant and judgment indebt
edness hereinabove mentioned and
the acts and doings Of said officers in
and about the premises are hereby
authorized, ratified, and confirmed
SECTION FOUR
That for the purpose of providing
the necessary funds to pay the in
terest on said bonds promptly when
due and also to constitute and main
tain a sinking fund to be designated
as the "FUNDING BONDS OF 1915
SINKING FUND" sufficient to dis
charge the principal of said bonds at
there shall be and there is
hereby levied upon all the taxable l.
in said City in addition to all
other taxes, the following direct an
nual tax, to-wit:
In the year 1915, a tax sufficient
to produce the net sum of $691.33 for I
interest, and $4SS.00 for principal.
In each of the years 1916 to 1898,
both inclusive, tax sufficient to pro-
duce the net sum of $732.00 for in
terest, and $4SSO0 for principal.
In the year 1889 tax sufficient to
produce the net sum of $77267 for in
terest and s4SS.0O for principal. .
Said tax shall be and is hereby or
iered certified. levied and extended
upon the tax rolls and collected by
the same officers, in the same man
ner and at the same time as the taxes
for general purposes in each iof said
years are certified extended and col
ected; that all funds derived from
said tax shall be placed in said sink
ing fund, which, together with all in
.erest collected on same, shall be ir-
revocably pledged to the payment of
The interest on and principal of said
bonds, when and as the same fall due.
All ordinances and parts of ordinances
n conflict herewith, are hereby re-
Dealed
SECTION FIVE
That in order to maintain the cred
{ and good name of said City and for
he preservation of the public peace,
iealth and safety, an emergency is
hereby declared to exist, by reason
this Ordinance shall be in full
orce and effect Immediately from and
lfter its passage, approval and publi'
,ation.
Passed and approved this 18th day
VI July, 1915.
VAL MULLEN,
Mayor
ATTEST:
G. II. BRUCE,
SeaD City Clerk.
FIRST published July IA, 1915.