The citizen-Republican. (Scotland, Bon Homme County, S.D.) 1???-19??, 1920-02-12

Emergency. 'as,.
WHEREAS at an election duly cali
ed End held on the Goth day Of Sep
tember, 1919, more than 4 ajority Of
the qualified electors Of the City Of
+ Scotland, South Dakota, voted in fav-
or of the issuance of the bonds of said
City to the extent Of Thirty Thousand
Dollars ($3O, OOO) for the purpose Of
extending the water mains Of said
City.
NOW, THEREFORE, Be it OR
DAMNED BY the City Of Scotland,
South Dakota.
Section /. That for the purpose Of
extending the water mains Of the City
Of Scotland, South Dakota, there shall
be and there are hereby ordered and
directed to be issued the negotiable
coupon bonds Of said City in the sum
of Thirty Thousand Dollars (S30, 000).
That said bonds shall be thirty (3O)
in number, numbered from az to
thirty (3O), both inclusive, and shall
be Of the domination Of One Thous-
and Dollars each, shall be dated March
|, 1920, and shall mature as 10 prin-
+ cipal on the first day of March, 1910,
but the right shall be reserved to the
City to prepay two (2) of said bonds
in the order Of their numbers, lowest
numbers first, on the first day Of
March in each of the years 1880 to
1899, inclusive, or on any interest
payment date thereafter. Said bonds
shall bear interest at the rate Of Five
Percent (5go) per annum payable
semi-annually on the first days Of
September and March in each year
and shall have interest coupons at
tached for each installment of inter
est, and both principal and interest
shall be payable at the First National
Bank in the City Of st. Paul, Mime
sofa
Section 2. Said bonds and coupons
shall be in substantially the following
form with the necessary variations
as to numbers and prepaym ent priv
ileges, which said form is hereby app
proved and adopted:
No.-----. $1,000
UNITED STATES OF AMERICA,
sa STATE OF SOUTH DAKOTA,
COUNTY OF BON HoMlME, CITY
OF SCOTLAND WATER WORKS
BONDS.
KNOW ALL. MEN BY THESE
PRESENTS, That the City of Scot
land, in the County Of Bon Homme,
State of South Dakota, acknowledges
Itself to owe, and, for value received,
hereby promise to pay to bearer -
ONE THOUSAND DOLLARS -
($1,000) lawful money of 1.-THE United
States of America on the First day Of
March, 1910, with interest thereon at
the fate of Five Percent (5,1o1 per
annum payable semi-annrlally on the
first days of September and March in
each year upon presentation and sur
render of the annexed interest cou-
pons as they severally become due,
both principal and interest being pay
able at the First National Bank in the
3 City of st. Paul, Minnesota.
The City reserves the right to pre-
pay this bond on March /, 49, OF
on any interest payment date there
after by first giving thirty (s0l days
written notice of its iritention SO TO dc
to che bank at which the same is pay
able.
For the prompt payment Of the
principal and interest of this bond at
maturity, the full faith, credit and re
sources of said City of Scotland, South
Dakota are irrevocablY pledged.
This bond is issued by the City Of
Scotland, South Dakota, for the pur-
pose Of extending its water mains
pursuant to a favorable vote of more
than majority OF the qualified cleo
Toes OF SAID City at an election s d.
and legally called and held for that
purpose and pursuant to resolutions
ordinances and proceedings Of the City
Council Of said City duly passed ard
adopted and is authorized BY and is
sued IN full compliance with the con
sfitution and laws of the State Of
South Dakota thereunto enabling in
el,lding South Dakota Revised Code,
1918, Title 6, Part 8, Chapter 10,
Article I.
1t is hereby CERTIFIED and RE-
CITED that all acts, condit3 ons and
fhlngs rea,lired t Z, ii. il.
the issuance Of this bond have happen
ed and been performed in reg ular and
due time and manner as RED ,uired by
law, that the amount Of this bond, to-
gether with all other indebte iness Of
said City, does not exceed ann i.onsti-