The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1915-07-01
SECTION THREE

SEtllON lHKEE
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 executed
by the autographed fac-simile sigma
lures 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 pre-.
sented to the District Court of Carter
| County, Oklahoma, at the time of the
application relative to their issuance,
as hereinabOve set forth, and If said
| Court shall find in favor of the exist
ence, character and amount Of the
warrant and judgment Indebtedness to
be funded by said bonds as aforesaid,
and order and adiudge in favor of the
| issuance of said bonds, said bonds
shall thereupon be presented to and
signed by the judge OF said court, his
act being attested by the court clerk.
Thereafter said bonds shall be de-
livered to the treasurer of said city,
in the manner and at the time required
by 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 by
the County Clerk of said County and
by the State Auditor, as required by
law. which officer 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 certi-
fed transcript of proceedings, proYid-
ing, 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 DIS
trict Court as aforesaid, and submit
proof of the existence, character and
amount of the warrant and judgment
indebtedness hereinaboye mentioned
and the acts and doings Of said Off
GERS in and about the premises are
hereby authorized ratified and con
tirmed
SECTION FOUR
That for the purpose of providing
the necessary funds to pay the interest
on said bonds promptly when due and
also to constitute and maintain a
sinking fund to be designated as the
FUNDING BONDS OF 1915 SINK
ING FUND" sufficient 10 discharge
the principal of said bonds at maturi-
ty, there shall be and there is hereby
levied upon all the taxable property
in said City. in addition to all other
taxes. the following direct annual tax
towit:
In each of the years 1915 to 1889,
both inclusive. a tax sufficient to pro.
duce the net sum of $713.13 for inter
est, and $475.40 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, in the same manner ana
at the same time as the taxes for gen
eral purposes in each of said years are
certified, 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 irrevocably pledged toI
the payment of the interest on ana
principal of said bonds, when and as
the same fall due.
SECTION FIVE
That in order to maintain the cred
il and good name of said City and for
the preservation of the public peace,
health and safety an emergency Is
hereby declared to exist, by reason
whereof this Ordinance shall be III
full force and effect Immediately from
and after its passage, approval and
publication. o,
Passed and approved this 29th day
of June, 1915.
l.. v. MULLEN,
Mayor.
Attest,
G.. II. BRUCE.
(SEAL) City Clerk