The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-01-19
ORDINANCE NO. All

An ordinance authorizing the calling
and holding Of an election in the city
of ArdmOrc. Carter county, state OF
Oklahoma. for the purpose OF sub
mitting TO the qualified property tax
paying voters in said city the question
of the Issuance Of its negotiable cOu'
pom bonds in the sum Of three hun
dred thousand $780, .000) dollars. 10
provide funds to extend and improve
the waterwOrks system OF said city,
and the question Of the issuance OF
the negotiable coupon bonds OF said
city in the sum OF forty thousand
(S40,000) dollars for the purpose OF
purchasing site for and constructing
and equipping market place In and
for said city, all TO be owned and
controlled exclusively by said city. and
the question of levying and collecting
an annual tax i'm said city to pay the
interest and establish fund to pay
the principal of said bonds when due,
and declaring an emergency.
WHEREAS, it is deemed advisable
by the City OF Ardmore. Carter coun
ty, state of oklahoma. to extend and
improve the waterworks system and
to construct and equip a market place
in and for said city of Ardmore, and,
WHEREAS, the estimated amount
necessary to extend and improve said
waterworks system is $4,000 and the
estimated amount necessary to pur-
chase site for and construct and equip
said market place is 100000, and,
WHEREAS, there are no funds in
the treasury for such purpose, and
power is granted said city by section
q, Article 10 of the constitution and
laws Of the state Of Oklahoma, TO is
sue bonds to provide funds for such
purposes. provided the same be au-
thorized by the qualified property tax.
paying voters thereof, voting at an
election held for that purpose, Now,
therefore:
BE IT ORDAINED BY TIE MAY
OR AND BOARD OF COMMISSION.
ERS OF THE CITY OF ARDMORE,
! STATE OF OKLAHOMA:
Section /. That the mayor be and
he Is hereby authorized and directed
TO call a special election TO be held
in said city on the Slst day of Janu.
airy, 1922. for the purpose OF submit
ting to the qualified property tax.pay.
ing voters thereof, the following prop
ositions:
Proposition /. Shall the city OF Ard
more. state Of Oklahoma, incur an in
debtedness by issuing its negotiable
coupon bonds in the sum Of three
hundred thousand (S3OO. .OO0) dollars Il
provide funds for the purpose of eN
tending and improving the water
works system Of said city Of Ard
more, TO be owned and controlled
exclusively by said city; and levy
and collect an annual tax, In ad
dition TO all other taxes, upOI
all the taxable property in sait
city sufficient 10 pay the interest OF
said bonds as II falls due and ais,
TO constitute sinking fund for thu
payment Of the principal thereo
when due, said bonds to bear interes
not TO exceed the rate Of six per cent
um per annum, payable semi.annuall!
and TO become due within twent!
years from their date.
Proposition 9. Shall the city OF Ard
more. state Of Oklahoma, incur an In
debtedness by issuing its negotiabl
coupon bonds In the sum Of fort.
thousand (Si0,000) dollars 10 prOvid
funds for the purpose Of PURCHASING
site for and constructing and equip
ping a market place in said city O
Ardmore. to be owned and cOntrolle
exclusively by said city; and lev
and collect AN annual tax, in addition
to all other taxes. upon all the ta,
able property In said city sufficien
I TO pay the interest OH said bonds a
1t falls due and also TO constitute
sinking fund for the payment Of tn
principal! thereof when due, said bond
TO bear interest not TO exceed the rat
Of six per centum per annum, payabl
semi.annually and 10 becomc du
, within twenty years from their date.
0 Section .. That such call for sal
n election shall be by proclamation. slgl
, ed by the mayor and attested by III
a city clerk, setting forth the prop
sitions to be voted upon. the numbC
and location OF the polling places, n
hours Of opening and closing the pol
, and the names ot the officers VII
! shall conduct said election: that II
! ballots shall set forth the propostic
!. 10 be voted upon substantially as s,
out In section 7, hereof, and that n
returns OF said election shall be mac
|. TO, and canvassed by the county ele
ton board.
b, Section :. That by reason OF 81
:. city being without sufficient wat
|. supply and distribution Of water, al
. in need OF said market place. II
deemed and hereby declared necessai
4 for the preservation of the publ
n health, peace and safety that sa
:. water extension and improvemc
!, bonds and said market place bono
shall be issued without delay. and
that end that this ordinance shall
come operative Immediately: wher
fore, an emergency IN hereby declar
TO exist and this ordinance shall be
4 force and effect Immediately from nj
u after It's passage, approval and pu
lication.
:, Passed and approved this 18th d
~ OF January, 1922.
u n. A. TTEFNER.
|. Mayor.
g tsEAL)
- - ATTEST: L. NJ. THURSToN.