Arizona republican., 1896-05-21
the principal sum of said bonds in the sum of ten thousa nd dollars. October 3:lth. lSa6

the principal sum of said bonds in the sum of
 ten thousand dollars, October 51th, 1896.
 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 50, 1896 in the sum of s39, ,500
 And whereas. under the provisions of Article | 19 Of the amended incOr pOratiOn act of the City i of thoenix, approved March 1lth. 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 1 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 l June, 1896:
 l ''Shall bonds of the City of Phoenix be issued
 for the following purposes, and upon the tol | lowing conditions, namely
 First. In the sum of sl0,0OO.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 October, l8S6 in the
 principal sum of sl00OO %, said bonded indebt 1 edness becoming due and payable in said 1 principal sum thereof on the 30th day of Octo- | Der, 1896.
 1 Second In the sum of s39,5O0 % for the pur-
 pose of taking up and funding the present I debtedness of said cit! as represented by It's
 outstanding city warrants in the aggregate sum 1 of $39, 00 on April t0th, 1896.
 1 All of said Bonds here1nbefore named to be
 $39, 800 00 in the denominations of $500 each: l each issue to be numbered from one upward
 and to be known as Fire Department Refund 1 ing Bonds and City Warrant Funding Bonds The principal sum of said bonds to be payable l the said $l0000 bonds Tn fifteen years and the | said sS9 800 00 in thirty years from the date ot their issuance ill United States Gold Coin: to | bear date of their issuance; to bear in 1 terest in like U. s. Gold Coin from | the date of their issuance; said in- l terest payable semi annually at the rate of I five per cent per annum from date of their issu- | ance, and until paid; to be numbered from up
 wards; to be conditioned that he said $l0 000.00 | Fire Department Refunding Bonds may be re deemed by the Common Council of said city at y time after ten (l0) years in any sum not to exceed $2,c00 per annum and said bonds to be redeemed numerically from number one up- wards; and that the said s39,500 % city warrant | funding bonds may be redeemed by the Con-
 mon Council of said city at any time after 1 twenty years In any sum not to exceed $3,95O per annum and said bonds to be redeemed num- ericslly 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 1 be drawn to the order of the City Treasurer of said city, and indorsed by him in his official 1 capacity; to have coupons attached thereto for the interest accruing upon each bond, which coupons shall be signed by the Mayor and City
 Recorder ill their official capacity and attached
  | 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 inte est of
 said city fin realizing the greatest price therefor either at public or privase sale and with or withoutnotlce.
 Provided-that said Common Council shall
 not sell or dispose of said bonds, or any of them, for less than 100 cents on the dollar of the l face value thereof. The place of pay mento 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 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 ofsaid city of hold ing said election and setting forth this res0lu-
 tion in order to explain the purpose
 for which which said bonds are to upon which the same shall be is | sued. Said notice to be published in "The
 Arizona Republican" and .'Phoenix Eyenin g
 Herald, :" two newspapers printed and published in the City of Phoenix, A., T. for the soaceof
 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. NJ. of said day at the several wards desig-
 hated in the charter of said Sity, at places in said Wards to be fixed by $Aid 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 sl0,O0000, 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 S59 500 for the pur- pose of taking up and funding the present average outstanding floating. or warrant in- debtedness of said city as represented by its
 outstanding city warrants, In the aggregate | sum of s39 500.0 co, on April 5Oth, 1895" "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 l 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
 ess1ss 6e%%ea aas assR:sff shs sy clss sss tC~) of Phoenix, A. T., at their meeting held April 30, 1896. l T. A. JOBS,