Honnold v. Brd. of Com'rs Carter Co.

1916 OK 354, 177 P. 71, 71 Okla. 71, 1916 Okla. LEXIS 1355
Supreme Court of Oklahoma·Decided March 21, 1916·No. 5224·Published·Cited by 18 cases

Opinions

Opinion by

DAVIS, C.

Carter county, Okla., being legally .and justly indebted upon valid and subsisting warrants and claims in the sum of $46,000, said claims and ac-. counts were duly prosecuted to judgment on the 3d day of September, A. D. 1912, in the district court of said county, by the Ard-more National Bank, for itself and as representative of other holders of said claims. Said judgment being in the sum of $46,000, and said proceedings having been had under chapter 7, art. 3, entitled “Municipal Bund-ing Bonds,” af the Revised Laws of Oklahoma 1910. The plaintiff in error made the following proposals in writing to the county commissioners of said county looking to the purchase of said funding bonds, and the same were duly acceptesd by resolutions of the board of county commissioners, as follows, to wit:

“July 6i 1912.

“To the Honorable Board of County Commissioners, Carter County, Ardmore, Oklahoma :
“Gentlemen: Eor the outstanding indebtedness of Carter county, including claims, warrants, and judgments, I will agree to take up this indebtedness by the issuing of funding bonds to bej known as Bunding Bonds of Carter County, Oklahoma, to be dated as soon as legally can be dated, and maturing twenty years from date, without prior date of option, bearing interest at the rate of six pejr cent, per annum, payable semiannually, both principal and interest payable at the Oklahoma State Biscal Agency in New York City, which said bonds are •to be in denomination of $1,009.00 so far as possible, I will pay you on delivery of said bonds to m^ in Oklahoma City, or Chicago, Ill., par value for said bonds.
“I further agree to furnish lithographed blank bonds and all other papers and forms necessary to complete the issuance of said •bonds, guiding and directing such proceedings. I will represent your county in having said bonds registered by the State Auditor, and presenting said bonds to the Attorney Genejral for approval.
“I further agree as part of my proposition to reduce the claims and warrants to judgments for said county. You are to furnish me with a full certified transcript of all the proceedings leading up to, and culminating in, the issuing and delivery of said bonds. I will pay for said bonds within ten days after the approval of the Attorney General.
“This bid is made for immediate acceptance or rejection at your meeting of this date. The entire proceedings to be completed, bonds approved by Attorney General, and the money actually paid in cash to Cartejr county not later than October 1, 1912.
“Respectfully submitted,
“C. Edgar Honnold.
“The above proposition submitted by C. Edgar Honnold, of Oklahoma City, is approved and accepted by the board of commissioners of Cartejr county, Oklahoma, being an open session of said board on this the 6th day of July, 1912, on motion of O. K. Darden, .seconded by IV. M. Kirkpatrick, vote being favorable.
“Robejrt B. Scivally, “Chairman County Commissioners.
“W. M. Kirkpatrick, “Commissioner.
“O. K. Darden,
“Commissioner.”
“Attest:
“B. W. Duke, County Clerk.”
“September 3, 1912.
“Resolution.
‘Whereas, C. Edgar Honnold. of Oklahoma City, Oklahoma, has made a proposition of not less than par for the funding bonds of Carter county, amounting to $46,-000.00, known as funding bonds of 1912, issued by the board of county commissioners of Carter county, to be dated 17th day of September, 1937, bearing interest at the rate of 6 per cent, per annum, payable semiannually. both principal and interest being payable at the Oklahoma State Biseal Agency in N^w York City.
“Wherefore, be it resolved by the board of county commissioners of Carter county, Oklahoma, that said bid of O. Edgar Honnold be, and the same is, accepted, and the said bonds are] hereby awarded to him on his said bid, and the chairman of the board of county commissioners and the clerk of said county are hereby directed to deliver said bonds, with the interest coupons attached, to C. Edgar Honnold on compliance of him with the terms of his said bid.
“On motion of W. M. Kirkpatrick, seconded by O. K. Darden, said resolution was adopted by the following vote:
“Aye, Robert B. Sciv-aHy. W. M. Kirkpatrick, O. K. Dardejn. Noes, none.
“Robert B. Scivally,
“Chairman of Board of County Commissioners.
“Attest: B. W. Duke, County Clerk.”

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Honnold v. Brd. of Com'rs Carter Co., 1916 OK 354, 177 P. 71, 71 Okla. 71, 1916 Okla. LEXIS 1355 (Okla. 1916).

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