Arizona republican., 1896-05-22

and conditions of which said bonds for s10,G00.
 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 1 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 i to issue bonds of said city for the following | purposes, tow1t:
 1 First-For the purpose of paying the present | bonded indebtedness of said City (seing Fire
 Department bonds for sl0.000), issued on the | 3Oth day of October, 1SS6 and to become due in 1 the principal sum of said bonds in the sum of 1 ten thousand dollars, October S1th, 1S96 ! Second-For the purpose of taking up and
 funding the present average floating or war
 rant indebted nees of said city evidenced and | represented by its present outstanding city
 warrants on April 20, 1896 in the sum of sS9, 300 | And whereas. under the provisions of Article l 19 of the amended incor poratlon act of the City | of Phoenix, approved March l1th. 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 voted upon Therefore be 1t | RESOLVED, by the Common Council of the 1 City of Phoenix that the following propnsition 1 be, and the same is hereby submitted to the l legal voters of the City of Phoenix, to be by
 them voted upon on Tuesday, the 2d day of l June, 1896:
 | "shan bonds of the City of Phoenix be issued
 for the following purposes. and upon the iol' lowing conditions, namely.
 l First In the sum of slO,OOO.OO for the pur- pose of paying the present bonded indebted | ness of said city, being Fire Department Bonds, | issued on the 30th day of Octo Der, 1886. in the | principal sum of $l0,000 co, said bonded indebs 1 edness becoming due and payable in said principal sum thereof on the S0th day of Octo- | Der. 1896.
 1 Second In the sum of s39. 500. % for the pur- pose of taking up and funding the present | average out standins floating or warrant in debtedness of said cit, as represented by It's outstanding city warrants in the aggregate sum | of s39, LOO on April 30th, 1S96
 | All of said Bonds here1nbefore named to be i issued in the principal sums of $l0.000. .0O and
 s39, 800 % al in the denominations of $500 each
 each issue to be numbered from one upward and 10 be known as Fire Department Refund ing Bonds and City Warrant Funding Bonds. The principal sum of said bonds to be payable the said $lO000 bonds Tn fifteen years and the
 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 issu- ance and until paid; to be mum bered from up | wards; to be conditioned that he said 00
 Fire Department Refundipg Bonds may be re- l deemed by the Common Council of said city at time after ten (lO years in any sum not 10 exceed s2,OOO per annum 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 Con- mon Council of said city at any time after twenty years in any sum not to exceed s3,950 per annum and 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 l of the City of Phoenix affixed to each bond; to be drawn to the order of the City Treasurer of coi1 oil md jndo hv 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 bor d 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 Cily 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 private sale and with or
 without notice.
 not sell or dispose of said bonds, 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
 and is hereby designated and set apart 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.
 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 osaid city of old ing said election and setting forth this resolu-
 ton 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 "Phoenix Evenir g Herald, [" two newspapers printed and published in the City of Phoenix. A., T. for the sDaceof | thirty day, 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, l 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 l 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: s'For issuing City Bonds of the City of Phoe-
 nix, Arizona. in the sum of sl0,o000O. for l the purpose of paying present bonded indebt
 nes, of said city. Being Fire Department Bonds, issued October 30th. 1886. and due Octo-
 Der SOth, 1896. "'Yes' or No"
 | "For issuing City Bonds of the City of Phoe-
 nix, Arizona, in the sum of s39,' % for the pur- pose of taking up and funding the present average outstanding floating, or werrant in- debtedress of said city as represented by its outstanding city warrants. In the aggregate | sum of s39. .50000, on April 30th, 1s96." ''Yes,' | or "No"
 1 The election shall be conducted in the usual
 manner prescribed by law and the votes shall 1 be counted, canvassed and returned to the | Common Council of the City of Phoenix in the l same manner as votes are canvassed, counted
 and returned at general City elections.