Arizona republican., 1896-05-03
Notice of Special Election.
COUNCIL CHAMBER, CITY HALL. PHOENIX. ARIZONA. AppJI )S JeO6

PHOENIX, ARIZONA, APRIL 2S, 1896.
 Notice IS hereby given that special election T., has been called by the common council Of the city Of Phpn1x and will be held the va Tl0us wards ot said city on the. .2nd day of June 1896, between the h ,urs of a. m and D. rn of said day, as follows:
 For the election of one mayor of said city to Ill unexpfred term of R. L. Rosson, resigned, and Of one councilman in the Second ward thereof to fill the unexpired term ot R. Allyn Lewis, resigned.
 Also to vote upon the pro position of issuing S10,O00 in the bonds of said city to pay the present bonded indebtedness thereof repre- sented by Fire Department bonds for $f0,OOO issued October 30, 1886, and maturing October 30, 1S96 Also to vote upon the proposition to take up ana fund the average floating 0: warrant in debtedness of said city outstanding April 3O 1886, amounting to $39. 500 CO., by the issuance of S39 5t0 % in the bonds of sand city, the terms ana conditions of Whicn said bonds for S1O,OOO and for S39 800 are more fully set forth in the resolution Of the Common Louncil of the City or Phoenix. A. T., passed April 30 1S96 and herewith published Ut length as part of this notice:
 RESOLUTION.
 Concerning the issuing of Bonds of the City of Phoenix
 Good cause appearing. it is deemed advisable by the Common Council of the City of Phoenix to issue bonds of said city for the following purposes, towiI:
 First.For the purpose of paying the present U Department bonds for Sl0.0O0) issued on the 30th day of October, 1896, and to become due m the principal sum of said bonds in the sum of ten thousand dollars, October 39th, 1896.
 Second-For the purpose of taking up and funding the present average floating or war rant indebted ness of said city evidenced and represented by its present outstanding city warrants on April 20, 1896 ill the sum of S39 50O
 And whereas. under the provisions Of Article 19 of the amended incor poratiop act of the City of Phoenix, approved March 1lth, 1885, the Common Council of said City is required to 1rst submit the question of the issuance of aid bonds to the legal voters of said city to be them voted upon. Therefore be it
 RESOLVED, by the Common Council of the City of Phoenix that the following proposition be, and ths 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 fol lowing conditions, nam ly:
 First. h the sum of 100000 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, 1SS6 in the principal sum Of $10,00J co, said bonded indebs edness becoming due and payable in said principal sum thereof on the 3Oth 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 standins floating or warrant in debtedness of said cit, represented by It's outstanding city warrants in the ygregate sum of s39. 300 DO on April 5Oth, lo96
 All of said Bonds hereinbeiore named to be issued in the principal sums of $10.000 co and S39 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 Tn fifteen years and the said S39 300 0O in thirty years from the date of their issuance in United States Gold Coin: to bear the r issuance; to bear interest in ike U S. 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- anee, and until paid; to be numbered from up- wards; to be conditioned that the said SlO 900 % Fire Department Refunding Bonds may be re- deemed by the CommOn Council of said city at 8 y time after ten (l0) years in any sum not to exceed s2,000 per annum and said bond to be redeemed numerically from number one up- wards; and that the said $39,50 .00 city warrant fE2ding bonds may be redeemed by the Com pn4 Council of said city at any time after tsSsnty years in any sum not to exceed S, $50 per annum and bonds to be redeemed mum. erical]y from number one upwards; to be signed by the Mayor and City Recor fer 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 bo' so as to readily permit the remov- al of such coupons without mutilating 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 o said city in realizing the greatest price therefor either at public or priva e sale and with ol without notice.
 Prouided-that said Common Council shal not sell or dispose of said bonds, or any of them