The citizen-Republican. (Scotland, Bon Homme County, S.D.) 1???-19??, 1921-03-24
ORDINANCE NO. As A


ORDINANCE NO. As A
An ordinance providing for the 10.
suance of bonds of the City OF Scot.
lsnd. South Dakota. in the sum Of
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. 600. 00)
for the purpose Of extending the wa.
ter mains of said city;
NOW. THEREFORE, BE 1T OR
DAMNED. by the Council Of the City
of Scotland, South Dakota:
Section !. That for the purpose
of extending the water mains OF the
City of Scotland. South Dakota, there
rhall be. and there are hereby ordered
and directed to be issued the negotia.
bic coupon bonds of said City in the
sum of forty thousand dollars $40
600. OO). That said bonds shall be
forty (4O) in number. numbered from
one ~, to forty (4O). both inclusive
and shall be of the denomination of
one thousand dollars each, sbail he
dated April 18th, 1921, and shall ma.
ture as to principal on the 18th day
of April. I94l. Said bonds shalt bear
Interest at the rate of six (6@6) per
cent 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 in.tallment of interest. and both
principal and interest shall be paya.
bic at the State Bank Of Scotland, in
the City of acotland, in the State OF
South DAKOTA.
Section 2. Said bonds and eou.
pons shall be in substantially the fol-
lowing form, with this necessary var
iaticns az to numbers and prepayment
privileges, which said form il hereby
approved and adopted.
No. ST, 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 Dakots. acknowledges
Itself 10 owe and, for value raceived.
hereby promises to pay to bearer One
Thousand Dollars ISL, 900. 0O) lawfll
| money of the United States of Amer
ica, on the 18th day Of April, l94l,
with interest thereon at the rate Of
six (6e6) per cent per abnum, payable
semi.annualIy on the 10Th days OF
Auril and October ia each year upon
presentation and surrender of the an
pexed interest coupons az they sever
al)y become due, both principal and
interest being payable at the State
Haak of Scotland IN the City of Scot
land State of South Dakota
For the prompt payment of the
n;n,,,psl and interest Of this bond 81
maturit>, the fuI' faith. credit and
,eaonrcee II said City Of Scotland,
South Dakota, sre itrevocab'y pledg'
ed.
This bond 10 isauea by the City Of
Scotland. South Dakota, for the pur'
pose of extending its water mann
nnrsuant tc a favorable vote OF more
than majority Of the qualli'ee
| electors of said City at an election
duly and legally called and held To-
| that purpose, and pursuant to- reso'u
lions. ordinances and proceedings {"
the CITY Council of said city, dui!
nassed and adopted and is authorised
, Nv and issued In full compliance witt
49,. Contribution and laws OF tn
s,a.a of South Dakoa thereunto en-
sh1ino ;,c.uding South Datota Revis
ID Code 1919. Title 8, Part .
C...,o >rticle J..
1t is hereby CT "1r4cu 49, W.
CITED that all acts. cono'.'o'' ::
| nv W. 0s'N =