Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1917-08-04
LEGAL.
LEGAL.
Published In the Tulsa Daily World. Au
gust ., 8. 4, 1917 World Publishing
Company, Publsher)
ORDINANCE NO. 1882

company, Iubhsher.)
ORDINANCE NO. 1879.
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 tslI50000) providing for he
payment thereof. aud declaring an
emergency.
1917 pursnant TO 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
TO the qualified, property tax paying voters
Of said city the question OF the issuance Of
the bonds Of said city in the sum OF slT,'
10000 for the purpose Of providing funds
TO construct ana suitably equip a storage
house Tor the implements and equipment OF
The waterworks department and street de.
partmcnt, as public utility, TO be owned
eNclu.ivel! by said city and
WHEREAS, as shown by the canvass Of
the County Election Board as boaid of
cunvasscrs OF such election, 353 votes were
cast IN favor Of the issuance OF said bonds,
1913 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 lawful ajority 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 COMMISSIONERS OF
THE CITY OF TULSA. OKLAHOMA:
SECTION l. That for the purpose Of
constructing and equipping a public utility,
to-wit: Storage House for the imple'
ments and equipment of the watorwOrks de-
partinent and street department of said city,
there are hereby authorized to be issued
Storage House Bonds of said City Of Tulsa,
IN the amount OF Seventeen thousand five
hundred dollars (Sl7 100000, consisting of
thirty'five 1850 bonds, numbered from 1 10
50, both inclusive, IN the sum Of Five hun.
IY.l NIL ..ah nll haar n 70
date the lst day OF February 1918, which
said bonds shall bear interest evidenced by
coupons attached, at the rate of five (5)
per centum per annum payable semi'an.
nrally, and both principal and interest OF
said bonds shall be made payable at the
Fiscal Agency OF the State OF Oklahoma in
the City OF New York. State of New York.
and in 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 thousaEd
five hundred dollars (Sl,5OO.OO) OF the prin-
cipal amount OF said bonds shall become due
the first day OF August, 1922, and One
thousand dollars (Sl,000.00) OF he prinoi-
pal amount of said bonds shall become due
on the first day OF August in each of the
years 1928 TO 1898. both inclusive.
SECTION 2. That the bonds hereby au-
thorized shall be in substantially the fol-
lowing form:
"UNlTED STATES OF AMERICA,
STATE OF OKLAHOMA.
CITY OF TULSA.
STORAGE HOUSE BONDS OF 1917.
KNOW ALL MEN BY THESE
PRESENTS: That the City of Tulsa,
in the State OF Oklahoma, hereby ac-
kEowledges 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 evil
dcnced by and to be paid upon sur,
render Of the coupons hereto attached
rs 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 a. 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 "a 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,
under the authority given in Section
81 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 aid city are hereby irrevocably
pledged TO the payment of the entire
amount OF this bond.
TT IS HEREBY CERTIFIED AND
RECITED 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 aud
been performed In regular and due
form as required by law, and that the
total indebtedness Of said city, includ-
ing this bond and the series of which
II forms part, does not exceed any
constitutional or statutory limitation;
and that due provision has been made
for the collection of an ANIMAL tax suf-
ficient to pay the interest on this bond
as it falls due and also 70 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,
MI, ba