The Chickasha daily express. (Chickasha, Indian Territory [Okla.]) 1899-current, 1922-03-22

An Ordinance Calling a Special Elec.
tion for the Purpose Of Submitting
10 the Qualified Property Tar Pay.
Ing Voters the Question OF the
city becoming Indebted and issu.
Ing Bonds for the Purpose Of Pur.
chasing Equipment for the Street
Department Consisting Of a Motor
Driven Street Fiushcr. Building
and Site. Motor Tractor and Para.
phernalIa. Authorizing the Mayor
10 Issue an Election Proclamation
Therefor and Declaring nm Emer.
gency.
WHEREAS. the. Mayor and City
Council OF the City Of Chickasha.
Oklahoma. believe and deem Il will
be for the best interests Of the public
health. peace and safety Of the In.
habiiants OF said City aud deem II
advisable 10 purchase equipment for
the Street Department consisting Of
n motor driven street flushcr, and
WHEREAS. Il IL pecessary that
the Mayor and City Council Of said
City for and In behalf Of the said
City become Indebted. borrow money
and issue negotiable bonds OF said
City In order to- obtain funds with
which 10 purchase said equipment.
Now. Therefore. Be II Ordained.
by the Mayor and CounciImcn Of
the City o. ChIckasha. Oklahoma.
SECTION l.
That a special election Ia. hereby
called to be held In the City OF
chickasha. Grady County. Oklahoma.
ON the 4th day OF April 1922. under
and pursuant TO the laws Of the State
Of Oklahoma and Of said City mp
plicable thereto for the purpose OF
the qualified property tax paying
voters OF said City voting ut such
election to determine the following
proposition. to-wit:
Proposition: Shall the city OF
Chickasha become indebted and
issue Its negotiable coupon bonds
In the total amount OF $i6.00O.0 90.
said bonds being payable one.
half In ten years and one-half In
fifteen years and bearing interest
at five and one-half per cent
per annum. payable semi-an-
nually for the purpose OF pur-
chasing equipment for the street
department OF said city consist;
Ing OF n motor driven street
flusher. building and site. motor
tractor and paraphernalia all TO
be owned exclusively by said
city?
The Mayor and City Council Of
said City TO cause to be levied an
nd valorem tax on all OF the taxable
property in said City with which to
pay the annual interest on said
bonds and create n sinking fund for
purpose Of paying the principal
thereof at maturity. 4Ua.2s 4 40 !.
All Of such bonds to be in denomi-
OF 100000. each and nom
,f said bonds to be sold at less than
par and the proceeds thereof to be +,
Used as enumerated above. .
SECTION II. :
The Mayor OF the City OF Chicka.
Ina is hereby authorized and directed
o call said election and give notice
u said election as provided by law
md such election shall be held and
conducted and the returns thereof
made according to the Laws OF the
state OF Oklahoma applicable there
SECTION III.
1t being necessary for the preser-
alton OF the public health, peace
nd safety OF the inhabitants OF the
,ity of Chickasha, an emergency is
Iereby declared to exist by reason
whereof this ordinance shall be in
ull force and effect from and after
Is passage, approval and publication.
Passed, section by section, and
hen as a whole by an affirmative
'ote of three-fourths majority Of all
ouncilmen elect on this goth day of
darch, A. d., 1922.
Approved: o. COLEMAN,
Seal) Mayor.
J. r. wELLBoRN.
City Clerk. 22.1t-