Tulsa daily world. [volume] (Tulsa, Indian Territory [Okla.]) 1905-1919, 1917-08-04

tpublishs'. in the Tulsa Daily World. Au'
gust 2. 3. 4. 1917. World Publishing
Company. Publisher)
n A Il

Company Pubisher.)
ORDINANCE NO. 1880.
An ordinance providing for the is.
sue OF Heavy Traffic Road Bonds Of
amount Of Forty thousand dollars,
tsd0,0oo00): providing for the pay
ment thereof, and declaring an emer'
gency.
WHEREAS on the 1lth day OF July,
W pursuant TO proclamation OF the
Mayor OF the city of Tulsa, Oklahoma, here.
iofore issued, an election was held in said
city OF Tulsa for the purpose OF submitting
to the qualified electors of said city the
question OF the issuance of the bonds OF
shid city In the sum OF SIO,000.00 for the
purpose Of providing funds for acquiring and
constructing public heavy traffic road
leading TO the Arkansas River Bridge In
said city and
WHEREAS, as shown hy the canvass OF
the County Election Board as board OF
chnvasseis OF such election, 403 votes were
cast In favor OF the issuance OF said bonds,
lol votes were cast against the issuance Of
said bonds and no mutilated votes were
cast; and the number OF votes east In favor
OF the issuance OF said bonds being more
dian 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 COMMISSIONERS OF
THE CITY OF TULSA. OKLAHOMA:
SECTION /. That for the purpose OF
constructing a heavy traffic road in said
City Of Tulsa, there are hereby authorized
to be issued Heavy Traffic Road Bonds Of
said City Of Tulsa, In the amount OF Forty
thousand dollars (S40. 100000, consisting OF
forty bonds, numbered from / TO 40. both
inclusive In the sum OF ONE thousand dol
lars tSl 100000 each. all bearing date the
first day Of February, 1918, which said
bonds shall bear interest, evidenced by cod-
pons attached, at the rate Of five (5) Der
l.la ,t.a l1tl
and both principal and interest Of said bones
shall he made payable Mt the Fiscal Agency
OF the State OF Oklahoma in the City OF New
York, State OF New York, and in ease said
tinusd the same shall be payable at the
Chatham & Phoenix National Bank in said
City of New York. Two thousand dollars
tS2.0OO.00( OF the principal amount Of said
August in each Of the years 1922 TO l94l,
beth inclusive.
SECTION 2. That the bonds hereby au.
thorized shall be in substantially the FOL.
loving form:
UNITED ~, STATES OF AMERICA.
CITY OF TULSA.
HEAVY TRAFFIC ROAD BONDS
OF 1917
Know ALL MEN by THESE
PRESENTS: That tn, City OF Tulsa
| n the state OF Oklahoma, hereby ac.
kn0wcdges itself indebted 10, and for
vaue received promises to pay to the
bearer the sum OF ONE THOUSAND
DOLLARS on the frs; day Of August
10, together with interest thereon
from the date hereof until paid at the
rate Of five (5) per cent per annun,
payable semi annually on the first day
OF August and the first day OF Feb
ruary in each year. said interest evil
denced by and TO be paid upon sur.
render Of the coupons hereto attached
ltu 1t,A hot
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
said Fiscal Agency shall hereafter be
discontinued the same shall be payable
at the Chatham & Phoenix National
Bank in said City OF New York.
This bond is one OF series num-
bered from one to forty, both inclusive,
of like date and tenor except as TO date
OF maturity, aggregating the principal
sum Of Forty thousand dollars, and is
issued for the purpose of providing
funds for the construction Of public
heavy traffic road leading TO the Ar
kansas River Bridge In said city, under
tho authority. given in Section 26 of
Article 10 Of the Constitution of the
State Of Oklahoma. and the statutes,
complementary, supplementary and en-.
acted pursuant thereto.
Th' 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
RECITED that all acts, conditions and
things required to be done, precedent
10 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. 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 annual tax suf-
ficiert to pay the interest on this bond
as it falls due and also TO constitute a
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,
md sealed with the seal thereof. and
has caused the annexed interest cou.
pons to be executed with the fac smile
signatures OF said otficers, this LIST day
of February, 1918.