The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-04-22
ELECTION NOTICE OF OSLAHOMA's FIFTY
STATE # OKJ At5OMA ROAD BOND ISSUE

Government at any time construct sole
ly as a Federal project, durable hard
surfaced roads along any part of the
routes herein designated, the said COM
mission may accept such roads in lieu OF
state construction thereof and thereaft-
er such roads shall come under the pro-
visions Of this Amendment.
Immediately after the provisions here
Of become fully operative, the said Com
mission shall cause such preliminary
surveys to be made and such preliminary
work to be done as may be necessary
or proper for the expeditions starting or
the construction work herein contem-
plated, and shall cause such bonds as
are authorized to be issued and sold
hereunder during the first year after
authorization, to be printed and en-
graved and duly executed by the proper
officers and when SO executed placed
in the State Treasury until sold, as here
matter prescribed bonds authorized to
to be issued and sold hereunder during
the second third and subsequent years
after date of authorization shall be pre-
pared, executed and deposited in the State
Treasury during such years in like
manner as those authorized during the
first year. All bonds issued and sold
during the first year after authorization
shall bear date OF August lst, 1919, and
all bonds issued and sold thereafter shall
bear date Of August lst of the year in
which sold; all Of said bonds shall be
numbered Consecutively and payable in
the order numbered at the rate of Two
Million $4,000, 10000 dollars each year
beginning August lst, 1920. The interest
on all Of said bonds issued and sold shall
be- payable on the first day Of August
and the first day of February Of each
year as the same natures. The said
bonds and interest thereon shall be pay
able in gold coin OF the United states ut
the office of the State Treasury of this
state, or Of the fiscal agency Of the
State at the option of the holder thereof
Said bonds so issued and sold shall on
the day of their maturity be paid as
herein provided and cancelled by the
state Treasurer. Appended to each OF
said bonds there shall be interest cou-
pons so attached that the same may be
detached without injury to or mutilation
Of said bonds Said coupons shall be
consecutively numbered. No interest
shall be paid on any of said bonds for such
time as may intervene between the date
Of said bonds and the date Of sale there
Of unless such accrued interest shall
have been by the purchaser of said bonds
paid to the State at the time of such
sale All bonds remaining unsold shall
at the time of maturity thereof be can
celed by the State Treasurer When
the bonds authorized by this Amendment
10 be issued shall have been signed
sealed, Cuuntersigued and endorsed as
herein provided, the state Treasurer shall
sell the same to the highest and best
bidder or bidders for cash from time to
time, and i'm such numbers and amounts
as the State Road Commission may di-
rect, subject to the limitations and re-
strictious herein provided. Such direc-
tons to the state Treasurer shall he
given by the said Commission by reso-
luton duly passed and adopted, and the
said resolution shall specify the amount
Of money which in the judgment of said
Commission shall be required ut such
time. aud said Commission shall direct
the state Treasurer 10 sell such number
Of said bonds as may be required TO
raise said amount of money, and said
bonds shall be sold In consecutive. nu-
merical order commencing with number
one GD. The state Treasurer shall not
accept any bid which is less than the par
value OF the bonds plus the interest
which has accrued thereon between 1he
date Of sale and the last preceding in
tprest maturity date, and all sales II
said bonds shall be subject To approval
by the Commission The state Treas
urer may at the time and place fixed hy
said Commission for said sale, continue
such sale as to the whole or any part n
the bonds offered To such time and place
as said Commission may ut the time II
such continuance designate. Before of
reriug amy of said bonds for sale. the
Treasurer shall detaCh thercfrom all
coupons which have matured or viii ma
ture before the date fixed for such sale,
aud cancel same. The State Treasurer
shall give notice Of the time and place
of sale for at least thirty days prior
thereto by public advertisement through
such channels and for such length ~
time as may he prescribed by the state
Roads Commission hy resolution. All
expenses incurred In the preparation ~
said bonds, and in the advertisement Of
the sale thereof as herein provided, shall
he paid out of the State Road Revolving
Fund herein provided for Immediately
after the sale of any such bonds the
state Treasurer shall cover into the state
Treasury TO the credit ot the state
Road Bond Fund the total amount re-
cclved for said bonds. except such a.
mount as may have been paid as ac-
crucd interest thereon. The amount
that shall have been paid at such sale
as accrued Interest on the bonds sold
shall be by the State Treasurer imme-
diatcly after such sale, covered into the
state Treasury To the credit of the Gen
eral Revenue Fund Of the state.
The state Road Bond Fund shall he
improving and constructing said state
wide system OF durable hard surfaced
roads and the expense incident thereto
and all payments out Of said funds shall
be made by the state Treasurer upon
warrants drawn by the state Auditor
based upon properly verified claims
audited and allowed hy the State Road
Commission and certified To by theChair-
man thereof and also approved by the
proper official having personal know
ledge of the facts upon which such
claims are based provided, however, there
is hereby created fund i'm the state
/ Treasury to be known as the state RoaC
Revolving Fund, and there Is hereby
app uuriatcd out Of any money In the
state Treasury the sum Of one HUNDRED
Thousand CSlO0. O0O 0W dollars to the
credit Of said Revolving Fund, and th'
state Auditor and the state Treasure
shall transfer upon their respective book
the said sum to the credit Of said Revol
wing Fund. The moneys In said Stat
Road Revolving Fund, or such part there
of as the state Road Commission shal
/ deem necessary, may until otherwise pro
/ vidcd by law, be expended from time TO
| time upon the claims Of the officer hav
| ng knowledge of the facts upon whicl
said claims are based, approved by IN,
state Road Commission, for the purpos,
Of making cash payments In advance I,
adequately bonded employees for help
| supplies and incidental expenses incurre,
during the operation of making surveys
and investigations, operating gravel pits
/ crushing plants, ana for such cNpendi
/ lures as are necessary or proper to carr
out the provisions of this Amendment
/ Upon receipt Of such claims so approved
It shall be the duty OF the state Audi
tor to draw his warrant In favor OF tn,
person or persons therein named. and IN,
| state Treasurer shall pay the same GU
Of the said State Road Revolving Fund
on or before the 10th day Of each mont
thereafter the state Road Commission
shall audit all expenditures during tn
preceding calendar month OF the none!
so withdrawn from said Revolving Fund
and transmit 10 the state Auditor a cert
fled itemized statement showing all sucl
expenditures, accompanied By prope
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