Arizona republican., 1896-05-06

| rant indebted ness of said city evidenced and represented by its present outstanding city warrants on April 30 1896 ill ;he sum of $39, 300.
 And whereas. under the provisions oi rticle l9 Of the amended 1ncOr pOration act of the City of Phoenix, approved arch llth, 1885, the Common Council of said City is required to first submit The question of the issuance of aid bonds to the legal voters of said city to be y 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:
 "shall bonds of the City of Phoenix be issued for the following purposes, and upon the fol lowing conditions, nam ly:
 First. In the sum of $l0,C0000 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, lSS6 in tha principal sum of $l0,000 co, said bonded indebt edness becoming due and payable in said principal sum thereof on the 50th day Of Octo- Der. 1896.
 Second In the sum of s39. 800 % for the pur- pose of taking up and funding the present average out standing floating or warrant in- debtedness of said city as represented by It's 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 $10000. co and S39.50 % and in the denominations of $500 each: each issue to be numbered from one upward
 
 ing Bonds and City Warrants Funding Bonds. The principal sum of said bonds to be payable the said $l0.000 bonds ln fifteen years and the said sS9 300 oO 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 issll- anee, and until paid: to be mum bered from up- wards; to be conditioned that the said $l0 0OO OO Fire Department Refunding Bonds may be re- deemed by the Co | mon Council of said city at 8 y time after ten (l0) years in any sum not to exceed $2,t00 per annum and said bond to be redeemed numerically from number one up. wards; and that the said $S9 5Oo. % city warrant funding bonds may be redeemed by the Con- mon Council of s4id city at any time after twenty years in any sum not to ex ceed $3950 per annum and bonds to be redeemed mum. 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 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 either at public or priva,e sale and with or without notice.
 Provided-that said Comm,n 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 payment of the principal sum of said bords 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- And it is further received thata notice of such election be signed by the Mayor 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 resolu- tlon in order to explain the purpose for which bonds are proposed to he issued and the terms ann aansd e9ndtions upon which the same shall De Arizona Republican" and "Phoenix Evenir E Herald, :" two newspapers printed and published in the City of Phoenix, A., T. for the spaceof thirty days prior to Tuesday the 2nd day of And be it further resolved that said election shall be held on Tuesday, the 2nd day of June 1896, between the hours of7 A M. and 5 F. 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 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. and in the sum of sl0,OO0.OO, for the purpose of paying present bonded indebt- ress of said city. (Being Fire Department Bonds issued October 3Oth. 1886. and due Octo- Der 30th, 1896. ""Yes'' or No" ''FOr issuing City Bonds of the City of Phoe- | nix, Arizona, in the sum of s395OO 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 city warrants. in the aggregate sum of sS9 ,5O0OO 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 return d 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 l
 and foregoing resolution was | () passed and adopted by the l 3SEAL} Common Council of the City 1 tO) of Phoenix, A. T., at the |
 meeting held April 50, 1S96. |
 T. A. JOBS,
 City Recorder The Common Council Of the Citv of phoaniv