The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1918-06-18
ORDINANCE NO. 362.

ADDITIONAL WATER SUPPL
BONDS or 1913 OF THE CITY OF
ARDMORE, OKLAHOMA, AUTHOR
IZED AT A SPECIAL ELECTION
HELD APRIL 22nd. 1918, PROVIE
ING FOR TAR LEVIES FOR TIL
PAYMENT or THE PRINCIPAL
AND INTEREST THEREON, AMI
DECLARING AN EMERGENCY.
WHEREAS, on the 22nd day of April
1918. pursuant to a proclamation of tn,
Mayor of the City of Ardmore, Okla
homa, heretofore issued, an election wa,
held in the said city OF Ardmore Okla.
homa, heretofore issued. an election
for the purpose of submitting to tn,
qualified property paying voters OF
said city the question of the issuance
OF the bonds of said City of Ardmore, in
the sum of Three Hundred ThousanC
ts30O000.O0) Dollars. for the purpose OF
providing funds for the purpose of Sc
curing an additional water supply for
said City of Ardmore, and for equipping
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 1886 votes were cast
in favor Of the issuance of said bonds !,
81 votes We're cast against the issuance
of said bonds, and 9 mutilated ballots
were cast. 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 issu.
ance of said bonds has been authorized
and directed
NOW THEREFORE,, BE IT OR.
DAMNED by THE BOARD or COM.
MISSlONERS or THE CITY OF ARD.
MORE, OKLAHOMA:
SECTION l. That there is hereby
ordered and directed to be issued the
negotiable coupon bonds of said City
Of Ardmore Oklahoma, in accordance
with the prescribed forms in the nggre-
gate amount of Three Hundred Thou.
sand tS30O,000.00) Dollars, said bonds
shall be designated additional Water
supply and Equipment Bonds of 1918"
and shall be three hundred 1900 in
number. and Numbered from one ID to
three hundred C300 both inclusive and
Of the denomination of one Thousand
lSl,OOO.OO) Dollars each. Each bond
shall bear date of July 1st, 1918, and
Bonds No to 10. 75 shall become due
and payable on July 1st, 1923, Bonds
No. rs to No. $50 both inclusive shall
become due and payable July lst, 1928,
Bonds No. l5l to No. 225 both inclusive
shall become due and payable on July
lst 1888. and Bonds No. 22G to No. 300
ppth inclusive shall become due and
payable July LIST, 1898. They shall |
bear interest from their date until paid
at the rate Of five 90 per cent per an
mum. payable somi-annually on the lst !
days of July ana January, in each year, |
which installments of interest to the /
date of maturity Of principal as herein |
provided shall be evidenced by appro
pirate coupons attached 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 discontinuance of such
agency, then at the Chatham & PheniN
National Bank. in said city and state
of New York.
SECTION .. That each of said bonds
and the interest coupons thereto at
tachod shall be substantially in the fol
lowing terms, to-wit:
Form of Bond)
UNITED STATES or AMERICA,
STATE OF OKLAHOMA.
THE CITY or ARpMORE,
ADDITIONAL WATER SUPPLY AND 4
EQUIPMENT BONDS OF
1918.
30 100000
KNOW ALL MEN by THESE PRES. I
.NrS: That the city Of Ardmore. in {
ne StaIe Of oklahoma. hereby acknowl- I
edges Itself indebted to. and for value I
-cceVcd promises to pay to bearer the I
sum Of one Thousand Dollars on the {
LIST day OF July. \. -. 19 together !
with interest thereon from date hereof c
until paid, at the rate of five (jD per q
cent per annum. payable semlannually
on the lst days Of July and January ,
each year. said interest evidenced by | j
and to be paid upon surrender Of the a
coupons thereto attached, payable in d
lawful money of the United States Of J.
America. al the fiscal agency Of the !
State of Oklahoma, in the City and c
state Of New York. or in the event Of b
the discontinuancc OF such agency. then u
at the Chatham ~ PheniX National {
Bank in said city and state of New il
York
This bond is one OF n series numbered il
from one 10 three hundred. both inclu- n
sivc of like date and tenor except as G.
10 maturity, aggrcgatiug the principal Il
sum OF Three Hundred Thousand $500 e.
lN'r'bl lHillil ~ anu 4S 40ru'A ANl lilt
purpose Of providing funds for the pur IL
pose Of securing an additional water Il
supply for said City of Ardmore. and II
Tor cQuipping and connecting said addi u
.ional water supply 10 the present wa. e
Ter supply OF said city Of Ardmore. ok
ahoma. and the Improvement OF the 81
water works system of said city OF 81
Ardmore. 10 be- owned and controlled y
exclusively by said city under Section 81
3. Article 10, of the Constitution and y
statutes Of the state Of Oklahoma. com.
supplementary and enact b'
'd pursuant thereto. d
The fun faith, credit and resources ci
II said city are hereby irrevocably dl
pledged 20 the payment Of this bond. e.
lt is hereby certified. and recited that
10 acts. conditions and things required 3,
90 bc done. precedent 20 and in the u.s. ul
uance OF this bond. have been properly "a
lone. happened and been performed In ai
egular and due form as required by 81
aw. and that the total indebtedness Of &C
aid City including this bond. and the al
cries Of which IL forms part. does not be
Nceed any constitutional or statutory 20
imitation; ami that due provision has sa
.een made Tor the collection Of an an "a
ual tax sufficient to pay the interest ci
"a this bond. as IL falls Cue and also 10 "a
onstitute q sinking fund FOR the pay
nent OF the principal hereof at matur- or
.. te
In Witness Whereof said City Of Ard lie
lore has caused tbs bond TO be signed u
y its Mayor. attested 10y its City Clerk as