The Medford Patriot. (Medford, Okla.), Vol. 19, No. 34, Ed. 1 Thursday, May 30, 1912 Page: 3 of 8

f
MIDLAND LIFE INSURANCE COMPANY kanms,£SOJRITY'
Represented by Jeff K. Wilson and J. L. Godfrey
Office now opened in Patriot-Postofflce building
Medford, Oklahoma
Any Information Wished for in the Above Insurance Line Will be Glad to Assist You in
BEFORE HARVEST SALE
It is now time that you should buy your harvest groceries. We have the new-
PRTPFqCJfn g™*e"es in the town- and we wil1 make the prices,
^ t that it will be to your interest to buy everything you need in
grocery line from us. We have the best line of groceries in the town, the largest
stock, and we mean to get the business if prices and good treatment will do it
Remember mi\\'i\u'A™ctTies aTen?texceUed in the town- our
handle. Our GLOBE^pd CHANCEL^O^'flour are a^good as°the bes^^e^ve
Out Reason IlYw reasofn nr t£inkin£that our methods win hold
i i the business of all who start with us, is that our busi-
ness has shown an increase each week, during the past ninety days.
Don't Fnr0Pt °"r ®tore ""fl also be headquarters for fruit jars this season
I urgei We have bought 19,200 fruit jars to arrive about June 20 and ex-
pect to make the low price of the town.
Dry Goods rif zs •«* «**• w.« mat-
ed la $7221.50
All persons interested may be pre-
sent at the time said proof is made,
to remonstrate against the issuance
of said bonds.
Hated this 21 day of May A D
1912,
I. n. Heasty, President of Board
of Trustees.
(SEAL)
Attest: J. G. McKelvy, Town Clerk.
their issuance as hereinabove set
forth; and if said Court shall find
in favor of the existence, character
and amount of judgment indebtedness
to bo funded by said bonds as afore-
said, and shall order and adjudge in
favor of the issuance of said bonds, Pa^ the '"teres t on said bonds
dolngB of said officers in and about
the premises are hereby declared au-
thorized, ratified and confirmed.
Section 4. That for the purpose of
providing the necessary funds to
said bonds shall thereupon be pre-
sented to and signed by the Judge
of said District court in open court
his act being attested by the Clerk
Section 2. That said bonds shall I of said court, under the' seal there-
designated "Funding Bonds of of; and thereafter said bonds shall
1912," shall bo 15 in number, num-
bered from One to 15, both inclusive,
and the following denominations to
wit: r 1) $500 ecxept one for $221.30
they shall bear date of Julr-1, A. I).
1912, and shall become due and pay-
able on (2) July 1, a. I). 1932; they
bear interest from their
have no more room.
•, i ui v guuua iuok.s like. VV C are mnlr-
he wfe\^;,ay- taUd T UOVV ablet° Sh°w you the best
the town. We will continue to increase it as time goes on, until we
If Not Willi Not? iIf a[C "j* *adin£ with us now, why don't you fol-
Ml llUl, YV I iy IV VC. low the band wagon, for it is coming our way, and we
our competitors. WC m a position to b y a d sell cheaper than
Some Ask Why
Another Reason
Our three stores situated so close together enables us to buy
m larger quantities, and thus secure better prices.
gt rs £2 rs,r«iVah,!
pect to add to it will eventually give MedfordThe^ges't^ ™
shall
until paid at (3 6 per centum per
annum, payablo (4) semi annually,
on the 1st day of January and July
of each year, which installment of
interest to date of maturity of prin-
cipal shall be evidenced by appropri-
ate coupons attached to eacli bond;
and both principal and interest shall
be payable in lawful money of the
United State of America at (5) the
fiscal agency of pie State of Okla-
homa in New York City or the
State Treasurer's office in Oklahoma
City, should fiscal agency be discon-
tinued.
Section 3. That each of said bonds
shall be signed by the President of
the Board of Trustees and attested
by the Town Clerk, under the cor-
porate seal of said town (12) and
each of said coupons shall be execut-
ed by the signatures of said Presi-
dent and Town Clerk (12); and said
officers are hereby authorized and
directed to cause said bonds and in-
terest coupons to be prepared, and
to execute the same for and on be-
I half of said city.
After their execution as aforesaid,
I said bonds, together with a certified
I copy of this ordinance, shall be pre-
! 8ented to the District Court of Grant
I County, State of Oklahoma, at the
time of the application relative to
be delivered to the treasurer of said
city in the manner and at the time
required by law. Said bonds shall
thereupon be duly certified by the
county clerk and county attorney of
said Grant County, and duly regis-
tered by the treasurer of said town
date J of Medford, and by . the county clerk
of said county and by the State Au-
ditor, as required by law, which offi-
cers shall endorse upon each bond
their respective certificates of such
registration; thereafter said bonds
shall be presented to the bond com-
missioner of the State of Oklahoma
for his approval and endorsement;
and thereafter said bonds shall be
delivered to the purchaser of same
from the Board of Trustees of said
town upon payment of the purchase
price thereof, which shall not be less
than ninety-five per centum of their
par value, and no commission shall
be allowed or charged for the sale
of such bonds so as to reduce the
net proceeds to less than ninety-five
per cent; provided, however, that
none of said bonds shall be issued
and delivered until a like amount of
the outstanding judgment to be funded
and paid thereby shall be delivered
up for cancellation and cancelled.
The President and Clerk of the
board of trustees of said Town of
Medford are hereby authorized and
directed, on behalf to said town, to
present the application and petition
of said town to the district court as
aforesaid, and to submit proof of the
existence, character and amount of
the judgment indebtedness herein-
above mentioned; and the act and
promptly when and as the same falls
due, and also to constitute and main-
tain a sinking fund to be designated
as "The Funding Bonds of 1912 Sink-
ing Fund," sufficient to discharge
the principal of said bonds at matur-
ity, there shall be and there is here-
by levied on all of the taxable pro-
perty in said Town of Medford in
addition to all other taxes, the fol-
lowing direct annual tax, to-wit:
In the year 1912, a tax sufficient
to produce the net sum of $794.37
being $433.29 for1 interest falling duo
January 1 and July 1, 1913, and
$361.08 for principal;
In each of the years of 1913 to
1932, both inclusive, a tax sufficient
to produce the net sum of $7:>4.37,
being $433.29 annually for interest,
and $361.08 annually for principal.
Said tax shall be and is hereby
ordered certified, levied and extend-
ed upon the tax rolls and collected
by the same officers, in the satno
manner and at the same time as
the taxes for general purposes in
each of said years are certified, ex-
tended and collected; that all funds de-
rived from said tax shall be placed in
said sinking fund, which together
with all interest collected on same,
shall be irrevocably pledged to the
payment of the interest on and prin-
cipal of said bonds when and as the
same falls due.
Section 5. That tin's ordinance
shall be in full force and effect from
and after its passage, approval and
publication.
Passed this 21 day of May, A. D.
1912.
Approved this 21 day of May A. D.
1912.
I. R. Heasty, President, Board
of Trustees.
(SEAL)
Attest: J. G. McKelvy, Town Clerk.
ORDINANCE NO. 93.
AN ORDINANCE PROVIDING FOR
THE ISSUANCE OF THE NEGO-
TIABLE COUPON BONDS OF THE
TOWN OF MEDFORD, IN THE
COUNTY OF GRANT, STATE OF
OKLAHOMA, TO THE AMOUNT OF
$7221.50, FOR THE PURPOSE OF
FUNDING A LIKE AMOUNT OF
THE LEGAL OUTSTANDING JUDG-
MENT INDEBTEDNESS OF SAID
TOWN; PROVIDING FOR THE
LEVY OF AN ANNUAL TAX SUF-
FICIENT TO PAY THE INTEREST
ON SAID BONDS WHEN DUE AND
TO CONSTITUTE A SINKING
FUND FOR THE DISCHARGE OF
THE PRINCIPAL THEREOF AT
MATURITY, AND FIXING THE
OTHER DETAILS OF THE ISSUE.
WHEREAS, the town of Medford,
in the County of Grant, State of
Oklahoma, is a municipal corporation
and duly organized and existing as
an incorporated town under and by
virtue of the Constitution and Laws
of the State of Oklahoma; and
WHEREAS, The said Town of
Medforrd, on the 3rd day of June A. D
1912 had and still has a legal and
binding outstanding indebtedness
amounting to the sum of $6706.14,
evidenced by judgment or said town
regularly and legally obtained by
First National Bank in District
Court of Grant county, being judg-
ment described as follows: (11)
First National Back vs. Town of
Medford case 1808 District Court
Grant County Oklahoma. All of which
said judgment, together with the in-
terest thereon, accruing since said
judgment was rendered, amount in
the aggregate to the sum of $7221.50;
and
WHEREAS, The said Town of
Medford has no funds in its treasury
with which to pay said judgment;
and it is deemed necessary to fund
and pay the same by the issuance
of the negotiable coupon bonds of
said town to the aggregate amount
standing judgment indebtedness of
the Town of Medford, in the County
of Grant, State of Oklahoma, men-
tioned in the preamble hereof, there
shall be and there are hereby au-
thorized and directed to be issued
the negotiable coupon bonds of said
town, in accordance with the forms
prescribed by the Bofid Commission-
er of the State of Oklahoma, to an
amount aggregating the principal
of $7221.50, as may properly and law-1 sum of $7221.50 as and in the man-
fully be done persuant to the pro- ner hereinafter provided.
vision of an Act of the Territory of
Oklahoma entitled. "An Act to au-
thorize the Territory of Oklahoma,
counties, cities, municipal corpora-
tions, the Board of Education of any
city, and school district, to issue
bonds in payment of outstanding
judgment indebtedness," approved
March 8th, 1895, (being Article 1 of
Chapter 7 of the Session Laws of
t895), as amended by an Act of the
Territory of Oklahoma entitled, "An
Act to amend Section t, of Article
1, of Chapter 7, of the Session Laws
of the Territory of Oklahoma, of
Real Estate1
Hudkins
and Loan Company
And the Clerk of said town be and
is hereby authorized and directed
by publication in the Medford Pa-
triot, a newspaper printed at Med-
ford, the county seat of Grant Coun-
ty, State of Oklahoma, and of gener-
al circulation in said county, to give
public notice that the Town of Med-
ford, by its proper officers, will on !
the 3rd day of June at 10 o'clock a.
m., proceed before the District Court
of Grant County, State of Oklahoma,
and then and there, or as soon there-
after as it may be heard, make a
showing and ask the court to hear u
1895, entitled," etc., approved March and determine the existence, charac- fi
12th, 1897, (being Article 1 of Chap- ter and amount of outstanding legal
ter 5 of the Session Laws of 1897), judgment indebtedness of said town
V
(6) and the other Jaws and statutes
of the state complementary, sup-
plementary and enacted pursuam
thereto; Now, Therefore,
Be it Ordained by the Board of
Trustees of the Town of Medford,
State of Oklahoma;
Section 1. That for the purpose of
funding a like amount of legal, out- a
1 —
SAM C.
DAVIS
ABSTRACTOR
NOTARY PUBLIC
Insures Against Tire and Burglary
MEDFORD
OKLAHOMA
and sign the bonds to be issued in
payment of same, at which time and
place any and all persons interested
may appear and remonstrate againsi
the issuance of said bonds, which no
tice shall be in substantially the fol-
lowing form, to-wit:
Notice of Intention To Fund.(6)
Notice is hereby given that on
the 3rd day of June 1912 at 10 o'clock
m., or as soon thereafter as a
hearing may be had, the Town of
Medford in the County of Grant,
State of Oklahoma, by its proper of-
ficers, will proceed before the Dis-
trict Court of Grant County, State
of Oklahoma, to make a showing and
ask the court to hear and determine
the amount of the outstanding legal
judgment indebtedness, and to sign
the bonds to be issued in payment
The amount of said
NOTICE: Will be in my
office Friday and Satur-
day of this week. Want
list of all farms for trade
in Grant County. Any-
thing you want to trade
for we have it on our list.
z/ki:
Rooms Over First Natl. Bank
OKLAHOMA O
ocH
MEDFORD,
A-™1

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Becker, J. P. The Medford Patriot. (Medford, Okla.), Vol. 19, No. 34, Ed. 1 Thursday, May 30, 1912, newspaper, May 30, 1912; Medford, Oklahoma. (gateway.okhistory.org/ark:/67531/metadc185883/m1/3/ocr/: accessed December 19, 2018), The Gateway to Oklahoma History, gateway.okhistory.org; crediting Oklahoma Historical Society.

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