Arizona republican., 1896-05-07
,sued October 50, 1886, and maturing October

issued October 50, 1886, and maturing October 30. 1896.
 Also to vote upon the proposition to take up and fund the average floating o: warrant in debtedness of said city outstanding April 30, i 1896 amounting to S39 5C0. .O0, by the issuance Of S9 5l % ill the bonds of sald city: the terms and conditions of which said bonds for sl0000. and for $39 800 are more fully set forth in the resolution of the Common Council of rhe City of Phoenix, A. T., passed April 30, 1896, and herewith published at length as part of this notice:
 RESOLUTION
 | Concerning the issuing of Bonds of the City of Phoenix.
 1 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 l purposes, towit:
 Firet-For the purpose of paying the present bonded indebtedness of said City (being Fire Department bonds for s0G00). issued on the 3Oth day of October, 1896, and to become due In the principal sum of said bonds in the sum of ten thousand dollars, October 3oth, 1S96 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 it's present outstanding city warrants on April 30, 1896 in the sum of $39, ,500 And whereas. under the provisions of rticle | 10 of the amended incorporation 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
 
 them voted upon. Therefore be it RESOLVED, by the Common Council of the City of Phoenix that the following proposition i 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 tol. lowing conditions, nam ly:
 First. In the sum of sl0,C00.00 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 sl0,000 co, said bonded indeb., edness becoming due and payable in said principal sum thereof on the 30th day Of Octo- Der, 1896.
 Second In the sum of sS9 300 co 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 It's outstanding city warrants in the aggregate sum of $39 300 % on April j0th. 1S96
 All of said Bonds hereinbefore named to be issued in the principal sums of sl0,000. 0O and s39, 800 % and 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 $l0.000 bonds Tn fifteen years and the said s39 800 0U in thirty years from the date oi their issuance in United States Gold Coin to bear thelr issuance; to bear interest in like 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- ance, and until paid; to be mum bered from up- wards; to be conditioned that the said $l0.0OOOO Fire Department Refunding Bonds may be re- deemed by the Coz mon Council of said city at a time after ten (l0) years in any sum not to exceed $2,C00 per annum and said bond to be redeemed numerically from number one up- walds; and that the said sS9.5Oo % 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 es ceed 8, ,950 per annum and bonds to be redeemed mum. nrIn frnr nhnr nyno k~ h@ signed by the Mayor and City Recorder Of said city Tn 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 there to 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 bord 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 inte est of said city in realizing the greatest price therefor eltherat public or private sale and with or thOut notice.
 Provided-that said Common Council shall not sell or dispose of said bonds. or any of them for less sum of 100 cents on the dollar of the face value tneirof. The place of pay ment of the principal sum of said bonds and interest there on to be fixed by said Common Council D 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 herein before specified shall be voted upon by the legal voters of said City of Phoe- nix. Andit 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 ln their official capacity specifying the time and place in the several wards ofsaid city of hold ing said election and setting forth this resolu- bonds are proposed to be issued and the terms l and conditions upon which the same shall be | issued. Said notice to be published iu "The l Arizona Republican and "Phoenix Evenir 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 A M. end 5 | r. 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 consisting of Inspectors. Judges and Clerks to | be appointed by the Common Council
 The legal voters of said City of Phoenix at ballot shall be printed the following words: "For issuing City Bonds of the City of Phoe- nix, Arizona. and in the sum of slO,OOO0O for the purpose of paying present bonded indebt. ness Of said city. Being Fire Department Ronds, issued October 3Oth. 1SS6 and due Octo- Der 30th. 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 its outstanding city warrants, in the aggregate >um Of sS9 ,5oO0 %, on April S0th, 1S96." '.Yes," or 'No"
 The election shall be conducted in the usual manner prescribed by law and the votes shall be counted. canvassed and return to the Common Council of the City of Phoenix in the same manner as votes are canvassed, counted and returned at general City elections
 Thereby certify that the above
 and foregoing resolution was
 (~o) passed and adopted by the
 }5EAL} Common Council of the City
 t) of Phoenix, A. T., at the
 meeting held April 3n lSQ6