The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1918-06-19
ORDINANCE NO. 1855.

THE ISSUANCE OF, AND FIXING
THE DETAILS AND FORM OF
BOND OF THE S100.000.O0 IN
AMOUNT OF WATER EXTENSION
BONDS OF 1918. OF THE CITY OF
ARDMORE. OKLAHOMA, AUTHOR
lied AT A SPECIAL ELECTION
HELD APRIL 90. 1913, PROVIDING
FOR TAX LEVIES FOR THE PAY
MENT OF THE PRINCIPAL AND
INTEREST THEREON, AND DE
CLARING AN EMERGENCY.
Whereas on the 22nd day OF April
1918, pursuant to a Proclamation OF the
Mayor of the City OF Ardmore. Okla
horna, heretofore issued, an election
was held in said City Of Ardmore. Ok
lahoma, for the purpose OF submitting
to the qualified property tax paying
voters of Arlmore. Oklahoma. the ques-
ton Of the issuance Of the bonds of said
City In the sum Of One Hundred Thou
sand ($10O 00000) Dollars, for the pur-
pose Of providing funds for the purpose
of extending the Water Mains within
the City OF Ardmore. Oklahoma. and
Whereas. as shown by the canvass Of
the County Election Board of the result
favor of the issuance OF said bonds and
"a votes were cast against the issuance
Of said bonds. and mutilated ballots
were cast. the number Of votes cast In
favor of the issuance of said bonds be.
ing more than a lawful majority of the
votes cast at said eleaton. the issuance
of said bonds has been authorized and
directed,
NOW THEREFORE, BE TT OR
DAINED BY THE BOARD or COM
MISSIONERS or THE CITY OF
ARDMORE, OKLAHOMA.
Section |. That there is hereby or
dered and directed to be issued the ne.
gotiable coupon bonds of said City in
accordance with the prescribed forrGs
in the aggregate amount Of One Hun.
dred Thousand t$10000000) Dollars.
Said Bonds shall be designated as Wa
ter Extension Bonds OF 1918" shall be
one hundred 400 in number. numbered
from one a to one hundred l00) both
inclusive, OF the denomination Of Oae
Thousand tsl000,0O each. Each bond
shall bear date of July lst, 1918, and
bonds No. l to 25 both inclusive. shall
become due and payable on July lst.
1928; bonds No. &c to so both inclusive
shall become due and payable July 1st.
1928; bonds No 81 to rs both inclusive
shall become due and payable July 1st,
1888 and bonds No. 76 to 100 both in.
elusive shall become due and payable
July list. 1898. They shall bear interest
from their date until paid at the rate OF
five per cent per annum. payable semi
annually on the first days Of January
and July in each year. which install
ment of interest to the date OF matur-
ity of principal as herein provided shall
be evidenced by appropriate coupons at.
tached to each of said bonds and both
principal and interest shall be 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 event of the
discontinuNnce of such agency then at
the Chatham & Phenix National Bank
in said City OF New York and State of
New York.
SECTION 9. That each of said bonds
and the interest coupons thereto at-
tached shall be substantially in the fol.
lowing terms. to.wit:
tForm of Bond)
UNITED STATES OF AMERICA.
STATE OF OKLAHOMA.
THE CITY or ARDMORE.
WATER EXTENSION BOND OF
No. $1,000 90
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 the bearer
the sum of one Thousand Dollars on the |
lst day of July a. ID. together with !
interest thereon from the date hereof un.
I'll paid, at the rate of five ~ per cent
per annum. payable semi.annually on the !
lst days of July ana 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 Okla
1oma. in the City and State Of New York,
or in event OF the discontlnuance OF
such agency then at the Chatham &
phenix National Bank in said City and
state Of New York
This bond Is one of series numbered
rom one to one hundred both inclusive
If like date and tenor. except as to ma
.urity, aggregating the principal sum of
)ne Hundred Thousand tsl0O 600 .00) Dol
ars. and IS issued for the purpose of
providing funds for the purpose of ex.
ending the water mains within the City
# Ardmore. oklahoma. to be owned and
exclusively by said City of
Ardmore under Section 81. Article 10 of
he Constitution and Statutes of the
state Of Oklahoma, Complementary. sup
ncrtary and enacted pursuant thereto.
The full faith. credit and resources
If said City are hereby irrevocably
pledged to the payment of this bond.
1t IL hereby certified and recited that
III acts. conditions and things required
% be done precedent to and in the is
,uance OF this bond. have been properly
lone happened and been performed In
'egular and due form as required by
aw. and that the total Indebtedness Of
aid City including this bond. and the
xceed any constitutional or statutory
and that due provision has
,een made for the collection Of an an
lual tax sufficient TO pay the interest
N this bond. as II falls due. and also
O constitute sinking fund for the pay
nent OF the principal hereof at matur-
~
In Witness Whereof. said City OF
rdnore has caused this bond to he
igned BY its Mayor. attested by it's City
'lerk and sealed with the seal thereof.
his lst day Of July. 1918.
Mayor.
Attest:
City Clerk
Q'orm OF CouponJ
'ounon No $500