The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1918-07-29
ORDINANCE NO. $50.

ORDINANCE NO. $50.
AN ORDINANCE AUTHORIZING
THE ISSUANCE OF. FIXING THE
DETAILS AND FORM OF BOND
OF THE $500. 10000 IN AMOUNT
OF ADDITIONAL WATER SUPPLY
BONDS OF 1913 OF THE CITY OF
ARDMORE. OKLAHOMA. AUTHOR
IzED AT A SPECIAL ELECTION
HELD APRIL 22nd. 1918. PROVID-
ING FOR TAX LEvIEs FOR THE
PAYMENT OF THE PRINCIPAL
AND INTEREST THEREON. AND
DECLARING AN EMERGENCY.
WHEREAS, on the 22nd day of April,
1918, pursuant to proclamation Of the
Mayor Of the City Of Ardmore, Okla.
homa, heretofore issued. an election was
held in the said City Of Ardmore Okla.
home. 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 OF Ardmore. In
the sum Of Three Hundred Thousand
$500. 900 .00) Dollars. Tor the purpose OF
providing funds for the purpose OF Sc
curing an additional water supply for
said City Of Ardmore. and for equipptng
and connecting said additional water
! supply to the present water supply Of
said City Of ArdmOre and the improve.
ment of the water works system Of
said City OF ArdmOre. and
WHEREAS, as shown by the canvass
of the County Election Board OF the re-
suit of said election 336 votes were cast
in favor of the Issuance OF said bonds;
81 votes were cast against the issuance
Of said bonds, and 2 mutilated ballots
were cast. The number Of votes cast
In favor of the issuance Of said bonds
being more than n lawful majority of
the votes cast at said election. the issu-
ance Of said bonds has been authorized
and directed.
NOW THEREFORE,. RE TT OR
DAINED BY THE BOARD OF COM
MISSIONERS OF THE CITY OF ARD
MORE, OKLAHOMA:
Section /. That there Is hereby or
dered and directed to be issued the ne
gotiable coupon bonds Of said City of
Ardmore. Oklahoma. in accordance with
the prescribed forms in the aggregate
Amount of Three Hundred Thousand
$500. 900 0O) Dollars, said bonds shall be
designated additional Water Supply
and Equipment Bonds OF 1918" and
shall be three hundred t300) In num-
ber. and numbered from one % to
three hundred 900. both inclusive and Of
the denomination Of One Thousand
81, ,O0OOO) Dollars each. Each bond
shall bear date of July 1st. 1918. and
Bonds No to No. rs shall become due
and payable on July 1st, 1923. Bonds
No. 76 to No. $50 both inclusive shall
become due and payable July LIST. 1928.
Bonds No. ISL to No. 225 both inclusive
shall become due and payable July LIST.
1898. and Bonds No 226 to No. 800 both
inclusive shall become due and payable
July 1st, 1885 They shall bear interest
from their date until paid at the rate Of
five (5) per cent per annum. payable
semi-annually on the 1st days of July
and January, in each year, which In
stallments of interest to the date Of ma
turnity of principal as herein provided
shall be evidenced by appropriate cou-
pons attached to each of said bonds and
both principal and interest shall be pay
able in lawful money Of the United
States Of America at the fiscal agency
of ne State Of Oklahoma, in the city and
State of New York. or In event of the
discontinuance of such agency. then at
the Chatham & Phenix National Bank,
in said City and State of New York.
SECTION 2. That each of said bonds
and the interest coupons thereto at
tached shall be substantially in the fol
lowing terms, to-wit:
form of Bond)
UNITED STATES OF AMERICA,
STATE OF OKLAHOMA.
THE CITY OF hRDMORE.
ADDITIONAL WATER SUPPLY AND
EQUIPMENT BONDS OF
1919
No. 100000
KNOW ALL MEN BY THESE PRES
ENTS: That the City Of Ardmore. in
the State OF Oklahoma, hereby acknowl-
edges itself indebted to, and for value
received promises to pay to bearer the
sum Of One Thousand Dollars on the
lst day Of July, A. u. 1s together
with interest thereon from date hereof
until paid. at the rate of five (5) per
cent per annum. payable semiannually.
on the 1st days of July and January
each year. said interest evidenced by
and to be paid upon surrender of the
coupons thereto attached. payable in
lawful money of the United States of
America. at the fiscal agency Of the
State Of Oklahoma, IN the City and
State of New York. or in the event Of
the discontinuance of such agency. then
at the Chatham q Phenix National
Bank in said City and State of New
York.
This bond Is one of n series numbered
from one to three hundred, both inclu-
sive Of like date and tenor except as
to maturity. aggregating the principal
sum OF Three Hundred Thousand $500
0O000) Dollars. and is issued for the
purpose of providing funds for the pur-
pose of securing an additional water
supply for said City of Ardmore. and
for eQuipping and connecting said addi-
tional water supply 20 the present wa
ter supply Of said City of Ardmore. Ok
lahoma. and the improvement of the
water works system of said City Of
Ardmore. to be owned and controlled
exclusively by said City under Section
27. Article 10. of the Constitution and
Statutes of the State of Oklahoma COM
Elementary. supplementary and enact
ed pursuant thereto.
The full faith, credit and resources
of said City are hereby irrevocably
pledged to the payment of this bond.
II is hereby certified. and recited that
all acts, conditions and things required
to be DONE precedent to and I'm the Is.
suance OF this bond. have been properly
done. happened and been performed in
regular and due form as required by
law. and that the total Indebtedness of
said City including This bond. and the
series Of which 1t forms a part. does not
exceed any constitutional or statutory
limitation; and that due provision has
been made for the collection Of an an