Arizona republican., 1896-05-16

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. Second-For the purpose of taking up and funding the present average floating war rant indebted ness of said city evidenced and represented by it's present outstanding city warrants on April 50, 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 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 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, 1926:
 .'shan bonds of the City of Phoenix be issued for the following purposes, and upon the fol. lowing conditions, namely.
 First. In the sum of sl0,00O.O0 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 s10,000 co, said bonded indebt edness becoming due and payable in said principal sum thereof on the 30th day of Octo Der. 1896.
 Second In the sum of sS9 800 OO 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 Its outstanding city warrants in the aggregate sum of s39. 800 % on April 5Oth, 1896.
 All of said Bonds hereinbefore named to be issued in the principal sums of $10.000 co and $39 800. % 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 sl0,0O0 bonds III fifteen years and the said sS9 800 0O in thirty years from the date Oi bear date of their issuance; to bear in terest. in like U. s. Gold Coin from the date of their issuance; said ih- terest payable semi annually at the rate of five per cent per annum from date of their issu- ance, and until paid; to be numbered from 1 up wards: to be conditioned that he said $l0.00000 Fire Department Refundipg Bonds may be re deemed by the Common Council of said city at a time after ten (l0) years in any sum not to exceed S2C00 per annum and said bonds to be redeemed numerically from number one up- wards; and that the said $39, 800 % city warrant funding bonds may be redeemed by the Com mon Council of slid city at any time after twenty years in any sum not to es ceed $3,95O 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 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- ell of the City of Phoenix in such manner as they may deem most beneficial to the Inte est )f said city in realizing the greatest price therefor, either at public or private sale and with or without notice.
 Provided-that said Common Council shall not sell or dispose of said bonds, any of them, for a 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 as the day upon which the question Of the issuance of the bonds hereinbefore specified shall be voted uDon by the legal voters of said City of PhOe- nix.
 Andit is further received thata notice of such election be signed by he Mayor or acting May or and City Recorder of said City of Phoenix Tn their official capacity specifying the time and placein the several wards ofsaid city of old ing said election and setting forth this resolu- tion in order, to explain the purpose be issued and the terms and conditions upon which the same shall be is- sued. Said notice to be published i, "The Herald ," two new papers printed and published in the City of Phoenix, A., T. for the sDaceof 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 of 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:
 "For issuing City Bonds of the City of Phoe- nix, Arizona, in the sum of slO,OOO.OO, for the purpose of paying present bonded indebt- ness of said city; Being Fire Department Bonds, issued October 30th. 1SS6 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- debtedress of said city as represented by it's outstanding city warrants. in the aggregate sum of sS9 500.00, on April SOth 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 l same manner as votes are canyassed, 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