Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1917-08-03
IIrGAIL
published In the Tulsa Daily World. Au
gust ?, 3. L. 1917. World Publishing
Company Publisher.)
a..
ORDINANCE NO. 1892

| ORDINANCE NO. 1872.
| An ordinance providing for the is.
sue of Storage House Bonds of the City
OF Tulsa, Oklahoma, in the amount OF
Seventeen thousand five hundred dol
lars (Sl760000) providing for he
/ payment thereof and declaring an
emergency.
WHEREAS on the 1lth day OF July,
lvl1, pursuant to q proclamation OF the
Mayor Of the City of Tulsa. Oklahoma, here.
toiore issued, an election was held in said
city OF Tulsa for the purpose OF submitting
10 tue qualified, property tax paying voters
OF SAID city the question OF tho issuance OF
me bonds Of said city in the sum OF S17,-
ooo'Oo Tor the purpose OF providing funds
10 construct and suitably equip q storage
house for the implements and equipment OF
the waterworks department and street de.
partmfnt, as public utility, TO be owned
eNcmsivel! by said city; and
WHEREAS, as shown by the canvass OF
the County Election Board as boaid Of
canvassers of such election $50 votes were
east in favor of the issuance OF said bonds,
iS3 votes were cast against the issuance OF
SAID bonds, and four mutilated votes were
cast, and the number of votes cast in favor
OF the issuance OF said bonds being more
than a lawful majority Of the votes cast at
said election, the issuance OF said bonds
has been authorized and directed
NOW, THEREFORE, BE IT ORDAINED BY
THE BOARD OF COMM SSlONERS OF
THE CITY OF TULSA. OKLAHOMA:
SECTION l. That for the purpose OF
constructing and equiRping a public utility,
to'vit; Storage House for the imple
ments and equipment OF the waterworks de-
partment and street department of said city.
thete are hereby authorized to be issued
Storage House Bonds of said City Of Tulsa
In the amount Of Seventeen thousand five
hundred dollars (Sl7, 500 OO), consisting Of
thir'y-five t35) bonds, numbered from i TO
80, both inclusive, in the sum of Five hun.
ared dollars (S500.00) each all bearing
date the LIST day of February 1918. which
said bonds shall bear interest evidenced by
coupons attached, at the rate OF five (5)
per ccntnm per annum, payable semi-an.
nuslly, and both principal and interest of
said bonds shall to made payable at the
Fiscal Agency of the State Of Oklahoma in
the City of New York State of New York,
and In case said Fiscal Agency shall here
after be- discontinued the same shall be pay
able at the Chatham Phoenix National
Bank in said City Of New York. One thousand
five hundred dollars ($l, 100000 OF the prin.
cipal amount Of said bonds shall become due
on the first day OF August, 1922, and One
thousand dollars (S1,000.00) of the rrinci.
pal amount OF said bonds shall become due
OH the flrst day OF August in each Of the
years 1928 to 1888, both inclusive.
SECTION Q That the bonds hereby au.
thorized shall be in substantially the fol-
lowing form:
UNITED STATES OF AMERICA.
STATE OF OKLAHOMA,
vi VT TULSA.
STORAGE HOUSE BONDS OF 1917
KNOW ALL MEN BY THESE
PRESENTS: That the City of Tulsa,
in the State OF Oklahoma, hereby ac-
kIowledges itself indebted to. and for
value received promises to pay to the
bearer the sum of FIVE HUNDRED
DOLLARS on the first day OF August,
10, together with interest thereon
from the date hereof until paid at the
rate of five (5) per cent per annum,
payable semi annually on the first day
OF August and the first day of Feb.
ruary in each year, said interest evi.
dcnced by and to be paid upon sur
render of the coupons hereto attached
AS they severally become due, both
principal and interest payable in law
ful money of the United States of
America at the Fiscal Agency of the
State of Oklahoma in the City of New
York, State OF New York and in case
said Fiscal Agency shall hereafter be
discontinued the same shall be payable
at the Chatham g. Phoenix National
Bank in said City of New York.
This bond is one of series num-
bered from one to thirty-five both in.
elusive, Of like date and tenor except
as to date of maturity, aggregating the
principal sum of Seventeen Thousand
five hundred dollars, and is issued for
the purpose of providing funds for the
construction OF u storage house for the
implements and equipment of the water
works department and street depart
ment of said city, as public utility,
TO be owned exclusively by said city,
uader the authority given in Section
2i of Article 10 of the Constitution of
the State of Oklahoma and the statutes,
Complementary, supplementary and en-
acted pursuant thereto.
The full faith credit and resources
OF said city are hereby irrevocably
pledged TO the payment of the entire
amount OF this bond.
1T IS HEREBY CERTIFIED AND
RECI1ED that all acts, conditions and
things required to be done, precedent TO
and in the issuance of this bond, have
been properly done, have happened and
been performed in regular and due
form as required by law, and that the
total Indebtedness of said city, incud-
ing this bond aud the series of which
il forms part, does not exceed any
constitutional or statutory limitation;
and that due provision has been made
for the collection Of an annual tax suf.
ficient to pay the interest on this bond
as II falls due and also to constitute
sinking fund for the payment OF the
principal hereof at maturity.
IN WITNESS WHEREOF, said city
has caused this bond to be signed by
its Mayor, attested by its City Auditor,
and sealed with the seal thereof, and
has caused the annexed interest cou-
pons to be executed with the fac simile