The Beaver herald. [volume] (Beaver, O.T. [Okla.]) 1895-1923, 1916-11-09
ORDINANCE NO. 2I-A


An ordinance relating TO the calling
and holding of an election in the town
of Beaver, Oklahoma, for the purpose
of submitting TO the qualified property
taxpaying voters of said town the dues-
tion of the issuance of the bonds of
said town In the sum of $4,000 90, for
the purpose of raising funds with
which to extend and equip the present
electric light plant of said town. now
owned and controlled exclusively by
said town. said extension and equip
ment to be likewise owned and con-
trolled exclusively by said town. and
also for the purpose Of submitting to
the quaiined property taXpaying voters
of said town. the question of the issu-
ance of bonds OF said town in the sum
of S17,000.00, for the purpose of raising
funds with which to extend and equip
the present waterworks system OF said
town, now owned and controlled eN-
clusiveiy by said town. said extension
and equipment to he likewise owned
and controlled exclusively by said
town; and levy and collect an annual
tax upon all the taxable property in
said town. sufficient to pay the interest
on and the principal Of said bonds, and
fixing the necessary details In the mat
ter and declaring an emergency.
Whereas, IL is deemed advisable and
necessary for the Town of Beaver to
construct aud equip extensions to it's
Electric Light Plant the cost of which
is estimated at $1,000. 90; and
whereas, IL is deemed advisable and
necessary for the Town of Beaver to
construct and equip extensions to it's
waterworks system. the cost of which
is estimated at $t7.O0O.OO; and
Whereas, there are no funds in the
town treasury available for said pur-
poses. and power is granted said town
by the Constitution and Laws of Okla
homa for the issuance. of bonds for
said purposes, provided the samo Is au-
thorized by the qualified property tax
paying electors of said town at an elec-
tion held for said purposes; now, there
fore,
BE 1t Ordained by the Board of Trus-
tees of the Incorporated Town of Beav-
err. Beaver County, oklahoma:
Section l. That tho President of the
Board Of Trustees of the Town of BeaV-
er, Oklahoma. be and he is hereby
authorized and directed to call spe-
cial election to be held in said town on
the 11th day Of December. 1916, for the
purpose of submitting to the qualified
property taXpaying electors of said
town, the following propositions;
PROPOSITION NO. l
shall the Town of Beaver, Beaver
County, oklahoma, incur an indebted
ness by Issuing its negotiable coupon
bonds In the aggregate principal sum
of 100000. to provide funds for the
purpose of constructing and equipping
extensions to it's Electric Light Plant
now owned and controlled exclusively
by said town, said extensions and
equipment to he likewise owned and
controlled exclusively by said town
and to levy and collect an annual tax
in addition to all other taxes upon al
the taxable property in said town, sur
ficient to pay the interest on said bonds
as II falls due. and also to constitute q
sinking fund for the payment of the
principal thereof when due. said bonds
to bear interest at the rate OF six pc
cent per annum, payable semi-annu9ll,
and to become due WITHIN twenty-five
years from their date"'
PROPOSITION NO.
shall the Town of Beaver, Beaver
County. Oklahoma, incur an indebted
n
bonds in the aggregate principal sun
of S1T,0O0.0O to provide funds Tor th'
purpose of constructing and equtppinl
extensions to it's Waterworks System
now owned and controlled exclusively
by said town., said extensions an'
equipment to be likewise owned an'
controlled exclusively by said town
and to levy and collect an annual tax ~
addition to all other taxes upon an TN
taxable property In said town, suHlclen
to pay the Interest on said bonds as !
fails due. and also to constitute sink
ing fund for the payment OF the ptin
ciDal thereof when due, said bonds u
bear interest at the rate OF slN per Ger, zen
per annum, payable semi-anhnally an'
to become due within twenty-five year
from their date%
Section 2. That such cali Tor sPe
cial election shall he made by procla
nation signed by the Presldent OF "
Board of Trustees, attested by IN
Town Clerk with the corporate seai u
said town attached, and shail SET iortI
tba nronositions to be voted upon AM
shall sot forth the number and location
of the polling places, the hours OF op
ening and closing the polls anu IN
names of the officers who shail c0huuc
the election. The returns OF SAID elec
ton shall be made and the result
canvassed as In such cases provided d
law. ....,, . i
Section 9. That for the preservatlo
of the public health, peace ana satetH
an emergency is hereby declared 10 eA
ist by reason whereof thls oTulila.Ii oT,.Ii
sI,oII he in full force and effect immedl
ateIy from and after it's passage an
approval ,.o.,, ,o,. -
Passed and approved this Sth day o
November, 1916. z,.,,,,,,,
President Board of Trustees,
Attest: CLAUDE T. SMITH,