Arizona republican., 1896-05-24

of ss9 800 % in the bonds of said city: the terms and conditions of which said bonds for $10,000, 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 the City of Phoenix to issue bonds of said city for the following purposes, tow1t:
 First-For the purpose of paying the present bonded indebtedness of said City (being Fire Department bonds for sl0000) issued on the 30th day of October, 1886, and to become due in the principal sum of said bonds in the sum of ten thousand dollars, October 3oth, 1S96 Second-For tn purpose of taking up and funding the present average floating or war rant indebted ness of said city evidenced ana represented by its preEent outstanding city warrants on April 30, 1896 in ,he 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 11th. 1885, the Common Council of said City is required to first submit the question of the issuance Of said bonds to the legal voters of said city to be by them vote upon. Therefore be 1t RESOLVED, by the Common Council of the City of Phoenix that the following proposition 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.
 | First In the sum of sl0,C00.00 for the pur l pose of paying the present bonded indebted ness of said city. baing Fire Department Bonds. | issued on the 3Oth day of October, 1SS6 in the principal sum of $10 GOO co, said bonded indebt- edness becoming due and payable in said | principal sum thereof on the 90th day Of Octo- l Der. 1896.
 Second In the sum of s39. 800 co for the pur- pose of taking up and funding the present average out standin, floating or warrant in debtedness of said cit, as represented by It's | outstanding city warrants in the aggregate sum of S39. 0O on April 50th, 1896.
 All of said Bonds here1nbefore named to be S39 800 % al in the denominations of $500 each: | each issue to be numbered from one upward 1 and to be known as Fire Department Refund ing Bonds and City Warrant Funding Bonds. The principal sum of said bonds to be payable the said s10.000 bonds ln fifteen years and the said s39 800 0O in thirty years from the date of their issuance 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 | five per cent per annum from date of their 1ssu- ance, and until paid: to be numbered from up, wards; to be conditioned that he said $lO,OO0OO | Fire Department Refundipg Bonds may be re deemed by the Common Council of said city 1 at y time AlleI teu llUj ychTe III my ouM Hob 10 exceed s2,O00 per annum and said bonds to | be redeemed numeric ally from number one up- wards; and that the said $39.5OO 0O 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 exc ceed s3,950 per annum and said bonds to be redeemed num- | erically from number one upwards; to be signed by the May or and City Recorder of said city Tn their official capacity; to have the seal 1 of the City of Phoenix aff xed to each bond; to
 be drawn to the order of the City Treasurer Of said city. and indorsed by him 1n ms otneial capacity; to have coupons attached thereto for l the interest accruiDg upon each bond, which coupons shall be signed by the Mayor ard City l Recorder in their official capacity and attached | to each bor so as to readily permit the remov- al of such coupons without mutilating the bond, Such bonds shall be sold by the Common Coun- cil 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 ot1ce.
 l Provided-that said Common Council shall not sell or dispose of said bonds,o or any of them, for less sum than 100 cents on the dollar of the | 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 l 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- 1 nix.
 And it is further resolved thata notice of such election bs signed by the Mayor or acting May or and City Recorder of said City of Phoenix | Tn their official capacity specifylng 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 said bonds are proposed to
 be issued and the terms and conditions upon which the same shall be is sued. Said notice to be published in "The
 Arizona Republican and sPhoenix Evenip 2
 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
 June, 1896.
 And be it further resolved that said election shall be held on Tuesday, the 2nd day of June, 1896, between the hours off M. and 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:
 sFor issuing City Bonds of the City of Phoe-
 nix, Arizona. in the sum of slo,oOO0o, for 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 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 debtedpess Of said city as represented by Its
 outstanding city warrants. in the aggregate
 sum of $39 ,500C0, on April 50th, 1S96." "Yes, ''
 or "No"
 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 q }SEAL} Common Council of the City (O~) of Phoenix, A. T., at theil .. meeting held April 30, 1896 T T. A. JOBS, City Recorder The Common Council of the City Of Phoenix