The Daily Ardmoreite. [volume] (Ardmore, Okla.) 1893-current, 1922-02-12
MINUTES or MEETING OF THE
MAYOR AND BOARD OF COM
MISSI0NERS or THE CITY OF
ARDMORE, STATE or OKLA
HOMN

MISSIONERS or THE CITY OF
ARDMORE, STATE or OKLA
HOMA..
Met In adjourned session i'm the
City Hall OF said city, on the 10th day
of February, 1929, at 1880 o'clock p. IN.
Present: r. b. Orr city attorney;
L. NJ. Thurston. city clerk; a. Eddie
man, commissioner; B. w. Duke, com
missioner; w. G. Doak, commissioner;
X. s. Hendon, commissioner.
Absent: X. A. Hefner.
Mayor r. A. Hefner being absent,
Commissioner w. G. Doak made mo-
ton, seconded by Commissioner K. :.
Hendon. that Commissioner A. Eddie
man act as mayor. This was passed
by the following roll call vote:
Ayes: Commissioners, b. w. Duke,
w. G.. Doak, A. Eddleman and Il. s.
Hendon.
Nays: None.
Absent: K. A. Hefner mayor.
Commissioner r. 5. Hendon intro
duced an ordinance In words and
figures as follows:
ORDINANCE NO. d1s
An ordinance relating TO the issu-
ance of the negotiable coupon bonds
of the City of ArdmOre, State of Okla
hOma. for the purpose of providing
funds for rle purpose of extending
and improving the waterworks system
to be owned and controlled exclusive
ly by said city and providing for the
levying Of taxes TO pay the principal
and interest on said bonds when and
as the same becomes due, and fixing
the other details of the issue. and de-
ciaring an emergency.
WHEREAS. on the 3lst day of
January, 1922, pursuant to "A procla-
nation of the mayor heretofore is
sued. an election was held in the City
of Ardmore, Oklahoma, for the pur-
pose of submitting to the qualified
property tax paying electors of said
city, the question of the issuance of
bonds of said city in the sum Of three
hundred thousand $500, 0,000.0O) dol
lars, for the purpose of providing
funds for the. purpose Of extending
and improving the waterworks sys
clusively by said city; and,
WHEREAS, as shown by the can
vass of the county election board, as
q board of canvassers of said election
SOC votes were cast in favor of the
issuance of said bonds; so votes were
cast against the issuance of said bonds
and three mutilated ballots were cast
Of In favor nj
the issuance of said bonds being more
than lawful majority Of all votes
cast at said election, the issuance ol
said bonds has been authorized; now
therefore,
BE 1T ORDAINED, by the Boart
of Commissioners of the City of Ard
more, State of oklahoma:
SECTION ONE
That there are hereby ordered anC
directed TO be issued the negotiabl,
coupon bonds of the City of Ardmore
Oklahoma, in accordance with th'
prescribed forms, in the aggregate
amount of 100000. Said bond.
shall be designated "Waterworks Fix
tension and Improvement Bonds o.
1922" shall be three hundred in mum
Der, numbered from one to three
hundred, both inclusive, and of th'
denomination of one thousand dollars
shall bear date Of February /, 1922
each being due and payable on Feb
ruary 1st. 1912.
Said bonds shall bear interest from
their date until paid at the rate of 81!
per cent per annum, payable semi-ar
nually, on the first days of Februar!
and August of each year. which install
ment of interest to date of maturit,
of principal shall be evidenced by al
propriate coupons attached to each o
said bonds, and both principal and in
terest shall be payable in Lawful
money of the United States of Anne
rica. at the fiscal agency of the Stat
of Oklahoma, in the City of New YORK
State of New York, or in the event G
the discontinuance of such agency
then at ,the Mechanics & Metals NJ
tional Bank in said city and state {
New York.
SECTION TWO
That each of said bonds and each @
the interest coupons thereto attache
shall be in substantially the following
forms, respectively, to-wit:
form of Bond)
UNITED STATES OF AMERICA
State of Oklahoma, City of Ardmor'
Waterworks Extension and I'm.
provement Bond OF 1922.
No. - 500,
KNOW ALL MEN BY THESl
PRESENTS: That the City Of Art
more. in the State of Oklahoma. her,
by acknowledges itself indebted L