The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1919-05-09
EnnINANCE M. aas

SsbSA-Nh~N&G W. SSs
AN ORDINANCE AUTHORIZING THE
ISSUANCE OF AND filming THE
DETAILS AND FORM OF BOND OF
STORM SEWER BONDS or THE
CITY or ARDMoRE. oKLAHO.
MA. AUTHORIZED AT A SPECIAL
ELECTION HELD APRIL 22ND.
1915; PROVIDING FOR TAX
LEVIES NOR THE PAYMENT or
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 said City for the purpose OF
submitting To the qualified property tax
paying electors of said city the question
OF the issuance of the bonds OF said
City In the sum OF Fifty Thousand
S5o.000) Dollars for the purpose of pro
viding funds for the purpose of con
structing system OF storm sewers
within the corporate limits of the City
OF Ardmore. Carter County, Oklahoma,
10 be devoted to the public use exclu'
svely and to be owned and controlled
exclusively by said City of Ardmore;
and
WHEREAS. as shown by the canvass
Of the result OF said electino 800 votes
We're east in favor OF the issuance OF
said bonds. SO votes We're cast against
the issuance OF said bonds and two
'mutilated ballots We're east: the mum
Der of votes east In favor of the issu-
ance OF said bonds being more than
lawful majority of the votes cast at said
election. the issuance OF said bonds has
been authorized and directed; Now.
Therefore,
BE TT ORDAINED BY THE BOARD
or COMMISSIONERS OF THE CITY
or ARDMORE, OKLAHOMA:
Section /. That there gre hereby or
dered and directed 10 be issued the he
gotiable coupon bonds of said city in
accordance with the prescribed forms
in the aggregate amount of Fifty Thou
sand 1850, ,OOOI Dollars. said bonds shall
be designated storm Sewer Bonds OF
1919" shall be fifty t5Ol in number, mum.
bered from one "a to fifty t50l, both in.
elusive. of the denomination of one
Thousand (Sl.OOOl Dollars each; shall
bear date of May LIST. 1919; shall be.
Nplilt huf anu pay tibi's hsbNu NAY ISL
1924: $4,000 May LIST, 1929: $4,000
May 1st, 1884; and Sl2, May 1st.
1899; shall bear interest from their
date until paid at the rate of five 90 !
per cent per annum, payable semian-
nually on the 1st days Of May and No
vember in each year, which install |
ments of interest to date of maturity |
of principal shall be evidenced by APP
Roprate coupons attached TO each of |
said bonds; and both principal and in
terest shall be payable in lawful money |
of the United States of America at the
Fiscal Agency of the State of Oklaho-
ma in the City of New York, state of /
New York, or in the event of the discon-
tnuance of such Agency then at the
Chatham and PheniN National Bank in
said City and State Of New York.
Section =. THAT. each of said bonds
and each of the interest coupons there
to attached, shall be in substantially
the following forms, respectively, to-
wit:
G'orm of Bond
UNITED STATES or AMERICA
STATE or OKLAHOMA. THE CITY
or ARDMORE
STORM SEWER BONDS OF 1919
No.--------- 81 900
KNOW OIL MEN BY THESE PRES
ENTS: That the City of Ardmore. in
the State Of oklahoma, hereby acknowl-
edges itself indebted to, and foy value
received promises to pay to the bearer
the sum of
ONE THOUSAND DOLLARS
on the 1st day of May a. ID. 19---, to-
eether with interest thereon from the
date hereof until paid, at the rate Of
five 60 per cent per annum payable
semi.annually on the 18TH days of May
and November of each year; said in
terest evidenced by and to be paid up
on surrender of the coupons hereto at
tached as they severally become due.
both principal and interest payable in
lawful money of the United States of !
America, at the Fiscal Agency of the
State of oklahoma, in the City of New
York, State of New York, or in the
event of the discontnuance of such
A gency. then at the Chatham and
PheniX Natonla Bank in said City and
State of New York.
This bond is one of series numbered
from one to fifty. both inclusive, of
ike date and tenor, except as to. date {
Of maturiyt, aggregating the principal {
sum of Fifty Thousand $50, ,000) Dol. i
ars, and is issued for the purpose of '
a system of storm sewers d
within the corporate limits of the City i