Arizona republican., 1896-05-26

&>H>E<R>B<E>R< 3oth day of October, 1886, and to become due in | the principal sum of said bonds in the sum of | ten thousand dollars, October 31th, 1896. 1 Second-For tn purpose of taking up and 1 funding the present average floating or war rant indebted nees of said city evidenced and represented by it's present outstanding city warrants on April 30 1896 in the sum of $39 300.
 And whereas. under the provisions of Article 19 of the amended incor poration act of the City of Phoenix, approved March 1lth, 1885, the 1 Common Council of said City is required to 1 first submit the question of the issuance of said bonds to the legal voters ot sald city to De by them voted upon. Therefore be 1t 1 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:
 '.shan bonds of the City of Phoenix be issued | for the following purposes, and upon the fol' lowing conditions, namely.
 1 First. In the sum of sl0,G00.0O for the pur- pose of paying the present bonded indebted ness of said city, being Fire Department Bonds, issued on the 30th day of October, 1886, in the principal sum of $10 900 %, said bonded indebt edness becoming due and payable in said principal sum thereof on the 30th day of OctO- l Der. 1896.
 1 Second In the sum of s39, 800 .OO for the pur- pose of taking up and funding the present | average out standing floating or warrant in debtedness of said city as represented by It's outstanding city warrants in the aggregate sum | of S39, ,500, % on April 5Oth, 1896.
 All of said Bonds herelnbefore named to be issued in the principal sums of sl0.000. 0O and $39 300 % ard in the denominations of $500 each: each issue to be numbered from one upward and 10 be known as Fire Department Refund l ing Bonds and City Warrant Funding Bonds. | The principal sum of said bonds to be payable the said $l0,0O0 bonds Tn fifteen years and the their sh sis in United States Gold Coin to bear date of their issuance; to bear in terest in like U. s. Gold Coin from the date of their issuance; said in. | terest payable semi annually at the rate of 1 five per cent per annum from date of their lssu- ance, and until paid: to be numbered from up wards; to be conditioned that he said $lO.OO0.0O 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 | to exceed $2,O00 per snnum and said bonds to be redeemed numerically from number one up. wards; and that the said s39 800 % city warrant | funding bonds may be redeemed by the Com mon Council of said city at any time after twenty years in any sum not to exceed $3.95O per annum aud said bonds to be redeemed num- erically from number one upwards; to be signed by the Mayor and City Recorder of said | city in their official capacity: to have the seal of the 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 Recorder in their official capacity and attached to each bond 80 as to readily permit the remov- | al of such coupons without mutilating the bond
 Such bonds shall be sold by the Common Coun- cl 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, either at public or priva:e sale and with or | without notice.
 l Provided-that said Common Council shall not sell or dispose of said bonds or any of them, for less sum than 100 cents on the dollar of the 1 face value thereof. The place of payment of the principal sum of said bonds and interest there. | on to be fixed by said Common Council !"
 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 the bonds hereinbefore specified shall be voted upon by the legal voters of said City of Phoe- nix.
 i And it is further resolved thata notice of such election be signed by the Mayor or acting May i or and City Recorder of said City of Phoenix 1n their official capacity specifying the time and place in the several wards ofsad city of hold ing said election and setting forth this resolu- tion in order, to explain the purpose for which said bonds are proposed to be issued and the terms and conditions upon which the same shall be is Iiai Ariaona T Republican" i and md HPhoenix Evenine 9 Herald" :" two newspapers printed and published in the City of Phoenix, A., T. for the spaceof thirty days prior to Tuesday the 2nd day of l
 And be it further resolved that said election shall be held on Tuesday, the 2nd day of June, | 1s96 between the hours of M. and 5 P. NJ. 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. in the sum of slO,OOOOO for the purpose of paying present bonded indebt- ness of said city. Being Fire Department Bonds, issued October 3Oth, 1886. and due Octo- Der S0th, 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 its outstanding city warrants, in the aggregate sum of sS9 ,5000O, on April 50th, 1896" 'Yes," l or stNo"
 | 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 (l passed and adopted by the | }sEAL} Common Council of the City | (~~> of Phoenix, A. T., at their | meeting held April 30, 1896. ! T. A. JOBS, | City Recorder. | The Common Council of the City of Phoenix do hereby designate the following rolling places and appoint the following election I E,- @s,If xI-~a a.-. T.---