Arizona republican., 1896-05-08


 issued October 30, 1886, and maturing October 30, 1896.
 1 Also to vote upon the proposition to take up and fund the average floating O.: warrant in debtedness t.n of said city outstanding April 30, of s395t0 % in the bonds of said city: the terms and conditions oi which said bonds for S10, ,OOO. 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 he fewlth published at length as part of thik notice:
 REVOLUTION.
 1 Concerning the issuing of Bonds of the City of Phoenix.
 | Good cause appearing. it is deemed advisable 1 by the Common Council of the City of Phoenix | to issue bonds of said city for the following purposes, towit:
 First-For the purpose of paying the present | bonded indebtedness of said City (seing 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 of taking up and ! funding the present average floating or war rant indebtec ness of said city evidenced and 1 represented by its present outstanding city warrants on pril 20, 1896 in the of S39, ,5OO l And whereas. under the provisions of Article 19 of the amended incorp operation act of the City l of Phoenix, approved arch l1th. 1885, the | Common Council of said City is required to l first submit the question of the issuance of aid bonds to the legal voters of said city to be ythem voted upon. Therefore be it ! 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, namt ly:
 Iut thn nf fnr rI,a pose of paying the present bonded indebted ness of said city. being Fire Departmen, Bonds. issued on the 5Oth day of October, 1886, in the principal sum of SIC, 900 co, said bonded indebt. edness becoming due ard payable in said principal sum thereof on the 30th day of Octo- Der. 1896.
 second In the sum of sS9 800 % for the pur- pose of taking up and funding the present average out standing floating or warrant in debtedness of said cit. as represented by It's outstanding city warrants in the aggregate sum of S39 800 % on April 50th, 1o96
 All of said Bonds hereinbefore named to be issued in the principal sums of s10.000. 00 and s59, 800 .00 and 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 1n fifteen years and the said $39 800 00 in thirty years from the date of their issuance in United States Gold Coin: to bear their issuance; to bear interest in like U. S. Gold Coin from the date of their issuance; said 1EbereSL pAyaDle semi annually at the rate Of five per cent per ennum from date of their issu- ance, and until paid; to be mum bered from up- wards; to be conditioned that the said slO.OOOOO Fire Department Refundipg Bonds may be re deemed by the Conn Council of said city at 8 time after ten O0) years in any sum not 10 exceed $2,C00 per annum and said bond. to be redeemed numerically from number one up- wa,dsiand that the said $99.5O0.OO city warrant funding bonds may be redeemed by the Con- mnn Council of stid city at any time after twenty years in any sum not to eS ceed S, $50 per annum and bonds to be redeemed num- erically from number one upwards; to be city in their official capacity: to have the seal of tine City of Phoenix affixed to each bond; to 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 to each bopd so as to readily permit the remov- al Of such coupons without mutilsting the bond
 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 lnte est of said city in realizing the greatest price therefor eitherat public or priva.e sale and with or without notice.
 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 face value tneirof. The place of payment of the principal sum of said bonds and interest there on to be fixed by said Common Council 7"
 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 upon by the legal voters of sald City of Phoe- nix.
 Andit is further received 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 bold ing said election and setting forth this resolu- tion in order to explain the purpose for which bOnQS 10 and conditions upon which the same shall be issued. Said notice to be published iu "The Arizona Republican" and "Phoenix Evening Herald, ," two news papers printed and published 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 NJ. end 5 P. NJ. of said day at the several wards desig- mated 1T the charter rte ead o ad hG c at places Council, and conducted by election officers consisting of Inspectors. Judges, and Clerks to be r, appointed T |"I1 by the Common 3s, Council said election shall vote by ballot, upon which ballot shall be rrinted the following words:
 ''For issuing City Bonds of the City of Phoe- the purpose of paying present bonded indebt | ness of said city. (Being Fire Department | Bonds, issued October 30th. 1886. and due Octo- | Der 3Oth, 1896. ""Yes or "No."
 FOr issuing City bonos or the C1ty or PhOe- | nix, Arizona, in the stun of s39 800 for the pur- pose of taking up and funding the present | average outstanding floating, or warrant in- debtedress of said city as represented by its | outstanding city warrants. In the aggregate l sum of sS9, 800 %, on April 3Oth, 1s96.'' 'Yes," or No" 1 The election shall be conducted in the usual | manner prescribed by law and the votes shall | be counted. canvassed and return, 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
 }SEAL} Common Council of the City |
 (~~~) of Phoenix, A. T., at the 1
 meeting held April 50, 1896. l
 IORS -