Arizona republican., 1896-05-10
issued October 30, 1886, and maturing October

issued October 30, 1886, and maturing October 30, 1896.
 Also to vote upon the proposition to take up and fund the average floating o: warrant 1n- debtedress of said city outstanding April 30, 1896. amount ting to $36 800 %, by the issuance of S9, ,50 % ill the bonds of said city: the terms and conditions Of which said bonds for Sl0C00. and for S39 800 are more fully set forth in the resolution of the Common Council Of the City of Phoenix. A. T., passed April 30, 1896, and | herewith published at length as part of this notice: -
 Concerning the issuing of Bonds of the City of Phoenix.
 | Good cause appearing, it is deemed advisable by the Common Council of thu City of Phoenix 1 to issue bonds of said city for the following | purposes towit:
 First-For the purpose of paying the present | bonded indebtedness of said City (heing Fire | Department bonds for Sl0.000), issued ou the | 3Oth day of October, 1896, and to become due in i the principal sum of said bonds in the sum of | ten thousand dollars, October 31th, 1896. Second-For the purpose ot taking up aLd | funding the present average floating or war | rant indebted ness of said city evidenced and represented by it's present outstanding city warrants on April 90, 1896 in she sum of s39, 800 And whereas, under the provisions Of Article 19 of the amended incor poration act of the City of Phoenix, approved March 11th. 1885, the Common Council Of said City is required to l first submit the question of the issuance of 1 aid bonds to the legal voters of said city to be | them vote d upon. Therefore be it l RESOLVED, by the Common Council of the City of Phoenix that the following proposition
 be, and the same is hereby submitted to the | legal voters of the City of Phoenix, to be by
 them voted upon on Tuesday, the 2d day of | June, 1896:
 ''Shall bonds of the City of Phoenix be issued
 for the following purposes, and upon the iol. lowing conditions, namely.
 1 First. In the sum of sl0,c00.0O for the pur- pose of paying the present bonded lndeoted- ness of said city, being Fire Department Bonds I issued on the 30th day of october, lSS6, ln the
 principal sum of s10,0Oo co, said bonded indebt. edness becoming due and payable in said principal sum thereof on the 3Oth day Of Octo- | Der, 1896.
 | pose of taking upa and funding the present l average out standins floating or warrant in | debtedness of said cit! as represented by its
 outstanding city warrants in the aggregate sum l of s39, 300 DO on April 30th, 1896.
 | All of said Bonds hereinbetOre named to be issued in the principal sums of s10.000. co and
 Ss9 800 % ard in the denominations of $500 each: each issue to be numbered from one upward
 and to be known as Fire Department Refund ing Bonds and City Warrants Funding Bonds. The principal sum of said bonds to be payable
 the said sl0,000 bonds III fifteen years ana the
 said SS9 800 0O in thirty years from the date oi l their issuance in United States Gold Com: to
 bear theIr issuance to bear interest in like U. 5: Gold Coin from the date of their issuance; said interest payable semi annually at the rate Of five per cent per annum from date of their issu- ance, and until paid; to be nun bered from up.
 wards; to be conditioned that the said $l0 OOO.OO Fire Department Refunding Bonds may be re- deemed by the Common Council Of said city
 at a y time after ten (l0) years in any sum not 10 exceed &, GOO per annum and said bond te
 be redeemed numerically from number one up. wards; and that the said s39, 0O city warrant
 funding bonds nd m may be redeemed by the Com twenty years in any sum not to exceed $3,95O per annum and bonds to be redeemed num- erically from number one upwards; te be
 signed by the Mayor and City Recorder of said
 city in their official capacity: to have the seal l of the City of Phoenix affixed to each bond; to l be drawn to the order of the City Treasurer of
 said city. and indorsed by him in his official
 capacity; to have coupons attached thereto for | the interest accruing upon each bond, which
 coupons shall be signed by the Mayor and City
 Recorder in their official capacity and attached 1 to each bond so as to readily permit the remov-
 al Of such coupons without mutilating the bond 1 Such bonds to be sold by the Common Council | of the City of Phoenix in such manner as they
 may deem most beneficial to the inte est of
 said city in realizing the greatest price therefor, | eitherat public or priva.e sale and with or l without notice.
 1 Provided-that said Common Council shall
 not sell or dispose of said bonds, or any of them, | for less sum of 100 cents on the dollar of the 1 face value tneirof. The place of pay ment of the principal sum of said bond and interest there. | on to be fixed by said Common Council D | That Tuesday the 2nd day of June, 1896, be | and IS hereby designated and set apart as the day upon which the question of the issuance of l the bonds hereinbefore specified shall be voted
 upon by the legal voters of said City of Phoe- l nix.
 1 And it is further resolved thata notice of such | election be signed by the Mayor or acting May
 or and City Recorder of said City of Phoenix
 Tn their official capacity specifying the time
 and place in the several wards ofsaid city of hold ing said election and setting forth this resolu- | tion in order to explain the purpose for which | bonds are proposed to be issued and the terms | and conditions upon which the same shall be
 issued. Said notice to be published in "The
 Arizona Republican" and "Phoeni- Evenip g
 in the City of Phoenix, A., T. for the spaceof
 thirty days prior to Tuesday the 2nd day of
 June, 1896.
 And be it further resolved that said election
 shall be held on Tuesday, the 2nd day of June, | 1896, between the hours of7 4 NJ. end 5
 P. M. of said day at the several wards desig- mated in the charter of said City, at places
 in said Wards to be fixed by said Common
 Council, and conducted by election officers
 consisting of Inspectors, Judges, and Clerks to
 be appointed by the Common Council The legal voters of said City of Phoenix at
 said election shall vote by ballot, upon which
 ballot shall be printed the following words:
 "For issuing City Bonds of the City of Phoe-
 nix, Arizona, and in the sum of %, for
 ness of said city. Being Fire Departm ent | Bonds, issued October 30th, 1886. and due Octo-
 Der 3Oth, 1896. ""Yes' or 'No.''
 "For issuing City Bonds of the City of Phoe-
 nix, Arizona, in the sum of S39 ZOO for the pur-
 pose of taking up and funding the present
 average outstanding floating, or warrant in- debtedress of said city as represented by it's
 outstanding city warrants, in the aggregate
 sum of S39 %, on April 30th, 1s96" 'Yes," 1 or ssNo"
 The election shall be conducted in the usual
 manner prescribed by law and the votes shall
 be counted. canvassed and returned to the | Common Council of the City of Phoenix in the
 same manner as votes are canvassed, counted
 and returned at general City elections. hereby certify that the above | and foregoing resolution was | () passed and adopted by the l }SEAL} Common Council of the City l (C~) of Phoenix, A. T., at the l meeting held April 30, 1896. T A JORS