The citizen-Republican. (Scotland, Bon Homme County, S.D.) 1???-19??, 1921-03-31
ORDINANCE NO. as A.


Forty Thousand Dollars for the pur-
pose Of extending the water mains of
said city, and providing for the levy
of an annual tax to pay the principal
and interest thereon. and declaring an
emergency.
WHEREAS, at an election duly
called and held on the 18th day of
September, 1920, more than maj.
ority Of the qualified electors Of the
City of Scotland. South Dakota voted
in favor Of the issuance of the bonds
of said city to the extent of forty
five thousand dollars ($45, 900 OO)
for the purpose of extending the wa.
ter mains of said city;
NOW, THEREFORE,, BE IT Or
DAMNED, by the City Council Of the
City of Scotland, South Dakota:
Section 1. 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 iesued the negotia-
be coupon bonds of said City in the
sum of forty thousand dollars $40.
GOO. OO). That said bonds shall be
forty (4O) in number, numbered from
one ny, to forty (4O). both inclusive
and shall be of the denomination of
one thousand dollars each, shall be
dated April 18th, 1921, and shall ma.
ture as to principal on the 18th day
of April. l94l. Said bonds shall bear
interest at the rate of six per cent
1921 per annum. payable semi-annu.
ally on the Fifteenth day of October
and April in each year. and shall
have interest coupons attached for
each installment of interest, and both
principal and interest shall be paya.
BILE at the State Bank of Scotland, in
the City of Scotland. in the State Of
South Dakota.
Section 2. Said bonds and cou-
pons shall be in substantially the fci.
lowing form, with the necessary var
iaticns az to numbers and prepayment
privileges, which said form IL hereby
approved and adopted.
No.. 81, ZOO. 90
UNITED STATES OF AMERICA.
STATE OF SOUTH DAKOTA,
COUNTY OF BON HOMME, 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 premises to pay to bearer One
Thousand Dollars ISL. O0O.OO) lawful
money of the United States of Amer
lea, on the 18th day of April, 1941,
with interest thereon at the rate of
xix per cent (696) per annum, payable
semi annually on the 18th days of
April and October In each year upon
presentation and surrender of the an
nexed interest coupons as they sever
ally become due, both principal and
interest being payable at the State
Bank of Scotland, in the City of Scot
land State of South Dakota
For the prompt payment of the
principal and interest of this bond at
maturity, the fn!! faith, credit and
resources of said City of Scotland,
South Dakota, are irrevocably pledg.
ed.
This bond is issued by the City of
Scotland. South Dakota. for the pur-
pose Of extending its water mains
pursuant tc favorable vote of more
than 8 majority of the qualified
electors of said City at an election
duly and legally called and held for
that purpose, and pursuant to resolu.
tions. ordinances and proceedings of
the CITY Council of said city, duly
passed and adopted and is authorized
by, and issued in full compliance with
the Constitution and laws of the
State of South Dakoa thereunto en-
abling including South Datota Revis-
ed Code, 1919, Title 6. Part 8,
Chapter 10, Article 1.
1t is hereby CERTIFIED AND RE.
CITED that all acts. conditions ano
things required precedent to, and II
the issuance of this bond have hap
pened and been performed in regular
and due time and manner. as required
by Law, that the amount of this bond,
together with all other indebtedness,
| of said city, does not exceed any
| constitutional or statutory limit ane
that provision has been made for ths
collection of an annual tax sufficient
to paw the interest thereon and tn,