Arizona republican., 1896-05-14

bonded indebtedness of said City (heing Fire Department bonds for sl0.0OO issued on the 3Oth day of October, 1886, and to become due In the principal sum of said bonds in the sum of ten thousand dollars, October 3Dth, 1896. ! Second-For the purpose 0! taking up and fundlng the present average floating or war | rant indebted ness of said city evidenced and represented by its present outstanding city warrants on pril 30 1896 i'll the sum of S39, 300
 And whereas, under the provisions Of Article l9 oi 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, 1896:
 s'sdall bonds Of the City of Phoenix be issued for the following purposes, and upon the tol lowing conditions, namely.
 First. In the sum Of s10,O00.00 for the pur- pose of paying the present bonded indebted l ness of said city, being Fire Department, Bonds, issued on the S0th day of October, 1S86 in the principal sum of s10,OO0 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 s39 300 % 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 50th, 1896.
 All of said Bonds hereinbefOre named to be issued in the principal sums of $l0,000. 00 and S39.500 co al 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 Warrant Funding Bonds. The principal sum of said bonds to be payable the said S10,000 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 the said $lo;oOO.0O Fire Department Refunding Bonds may be re- deemed by the Common Council of said city at apy time after ten QO) years in any sum not 10 exceed s2,C00 per annum and said bonds to be redeemed numerically from number one up- wards; and that the said sS9,5OO % city warrant funding bonds may be redeemed by the Con- mon Council of stid city at any time after twenty years in any sum not to exceed S3,95O per annum and said bonds to be redeemed num- erieally 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 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 notice.
 Provided-that said Common Council shall sell or dispose of said bonds, or any of them, for 8 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 upon by the legal voters of said City of Phoe nix.
 And lit is further resolved thata notice of such election be signed by the Mayor or acting May Tn their official capacity specifying the time and place in the several wards ofsaid city of old ing said election and setting forth this resOlu- tion hIo, in order der to Sone explain the purpose be issued and the terms and conditions upon which the same shall be is sued. Said notice to be published iu ''The Arizona Republican" and "Phoenix Evenir Herald" two news papers printed and published in the City of Phoenix, A., T. for the soaceof thirty days prior to Tuesday the 2nd day of June, lS9b
 And be it further resolved that said election shall be held on Tuesday, the 2nd day of June, l696 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:
 'For issuing City Bonds of the City of Phoe- nix, Arizona. in the sum of $l0,00O.00, for the purpose of paying present bonded indeht- ness of said city. (Being Fire Department Bonds, issued October 30th. 1886. and due Octo- Der 30th, 1896. .""Yes" or tNo."
 "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 S39 800 %, on April 50th, 1896. ''Yes," or s'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 (l passed and adopted by the
 }SEAL} Common Council of the City Of phOpDiX A T pt their