The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1916-07-18
ORDINANCE NO. 216.

ORDINANCE NO. 216.
AN ORDINANCE RELATING TO
THE CALLING OF AN ELECTION
FOR THE PURPOSE OF SUBMIT
TING TO THE QUALIFIED PROP
ERTY TAXPAYING VOTERS
OF THE CITY OF ARDMORE,
COUNTY OF CARTER, STATE
OF OKLAHOMA, THE PROPO-
SITION OF ISSUING THE NEGO-
TABLE COUPON BONDS OF
SAID CITY TO THE AMOUNT
OF SIXTY THOUSAND DOLLARS
($60,00000), FOR THE PURPOSE
OF PROVIDING FUNDS FOR THE
PURPOSE OF PURCHASING SITE
FOR AND ERECTING A CONVEN.
TION HALL IN AND TO BE
OWNED AND CONTROLLED EN-
CLUSIVELY BY SAID CITY, AND
DECLARING AN EMERGENCY.
BE IT ORDAINED BY THE BOARD
OF COMMISSIONERS OF THE
CITY OF ARDMORE, IN THE
COUNTY OF CARTER, STATE OF
OKLAHOMA:
Section l. That a special election
be and the same is hereby called to
be held in the said City of Ardmore,
County of Carter. State of Oklahoma,
on the 31st day of July, 1916, for the
purpose of submitting to the qualified
property taXpaying voters of said city
the following proposition:
PROPOSITION.
"Shall the City of Ardmore, Carter
County, State of Oklahoma, incur an
Indebtedness by issuing It's negotiable
coupon bonds in the aggregate prin-
cipal sum of sixty thousand dollars,
$3.50 O00.00) for the purpose OF provid-
ing funds for the purpose OF purchas-
ing site for and erecting a convention
hail. which site and convention hall is
to be owned and controlled exclusive
ly by said City, and levy and collect
an annual tax, in addition to all other
taxes upon the taxable property in
said City, sufficient to pay the in
terest on said bonds as it falls due,
and also to constitute a sinking fund
for the payment of the principal
thereof when due, said bonds to bear
interest not to exceed five and one
half (51a per cent? per cent per
annum, payable semi-annually, and to.
become due within twenty-five years
from date"
Section .. That the Mayor of the
said City of Ardmore, County of Car
ter. state Of Oklahoma, is hereby au'
thorized and directed to call said
special election by proclamation spec
flying therein the proposition TO be
voted upon substantially in the man
ner above set forth, the time and
places of holding said election, the
hours at which the said election shall
open and close, the names of the Of
ficers who shall conduct said election,
and the form of ballot to be used
thereat. Said election shall be held
as provided by law for special e.ec
tions in accordance with tho provis-
ions of No. 45S of Chapter 10, Ar
ticle .. Revised Laws of 1910 The
ballots for said elections shall be pre-
pared by the City Clerk of the City of
Ardmore, County of Carter, State of
Oklahoma.
All qualified electors residing in
said City of Ardmore, County of Car
ter. state of Oklahoma, who are also
property taxpayers, shall be allowed
to vote said election on the aforesaid
proposition.
Section 8. That by reason of said
Cits of Ardmore, County of Carer,
state of Oklahoma. being without
adequate facilities for the holding CT
7ublic gatherings, and there being a
great demand therefor. it is deemed
necessary for the immediate preSer-
alton of the public health, peace and
safety. that said convention hall be
Immediately erected, and an emer
= a. t..N WaI