Arizona silver belt., 1896-11-12
OFFICIAL PROCEEDINGS
Of the Board of Supervisors of
 Gila County, Arizona.
dLonE, Gila County, Arizoun, {
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dLOEL, 0lla lountN, hTkstuu, {
 August 25th, 1896.
 Present Supervisors Brookner, Do. wore, and q. M Allison, clerk. Alb sent, Supervisor Stewart.
 In the matter of the issuing of bonds for Schoo. District No. l, of Gila coun. ty, on motion, and by unanimous vote. the following resolution was adopted:
 Whereas, on the 18th day of July A. D. 1896, the Board of Trustees of School District number one CD, of Gila county, Arizona, filed with tho clerk of this Board a certified copy of all pro ceediugs had and pursuant to n resolu- ton adopted by said Board of Trustees of said School District number one CD, authorizing said school district to issue bonds for the purpose of raising money for purchasing school lots aud for build ing school house and supplying the same with furniture and necessary ap- paratus, and improving the grounds.
 And, whereas, the said Board of Trustees of said School District number one CD have complied with all the re- quirements of Act No. Is, of the l6th Legislature Assembly of the Territory of Arizona, "entitled an act to author. i2e school districts to issue bonds to build school houses and to liquidate outstanding indebtedness" approved Feb. 2l, A. D. 1891.
 And, whereas, the said Board of Trustees of said School District nnmber one CD, as appears by said certified copy of their proceedings, submitted said matter, and legally called and duly held an election of the taxpayers of said School District number one CD on the 18th day of June, A. D. 1896, whether the bonds of such district should be IS, sued for said purposes and sold; at which election two thirds of all the le- gal ballots cast upon the question were in favor of the issuing of said bonds.
 And, whereas, 1t further appears by said certified copy of said proceedings of sad Board of Trustees of School District number one CD, that the num- Der aud amount of such bonds as elect. ed by said taxpayers shall be seven thousand dollars STOOD of the denom- ination of five hundred dollars (S500) each, bearing interest at the rate of seven per cent per annum, payable an- nunlly, on the first day of January of each year, and that the same shall run for twenty years.
 And. whereas, the total debt of said School District number one CD, m- cluding these bonds, exceeds neither the statutory limitation of the Terri tory of Arizona, nor the Congressional limitation.
 And, whereas, it further appears that the Board of Trustees of said School District number one Q) performed and did every act and thing necessary and requisite in the said premises ns pre- scribed by the aforesaid net hereinbe fore referred to.
 Therefore, be 1t resolved, that the Board of Supervisors otrUila county hereby cause bonds to be issued of School District number one G. in said Gils county to the number and umonnt of seven thousand dollars (S7OUO), and of the denomination of five hundred dollars (55OU) each, bearing interest at the rate of seven per cent per annum. payable annually, ou the first day of January of each year; and that the same sball run for twenty years from | the date of issue; provided, however, that the aforesaid bonds shall be pay able after seven years from date thereof at the option of the Board of Trustees of said School District number one CD, | of Gila county;
 And, be it further resolved, that the money for the redemption of said bonds and the payment of the interest there , on shall be raised by taxation upon the taxable property of said school district, and payable out of the Building Fund of said School District number one CD; ;l
 And, be it further resolved, that the | form of the aforesaid bonds, and the | interest coupons attached thereto, sball be iu the manner and form following No..... $500. UNITED STATES OF AMERICA. |
 school District Number One.
 Glla County, Territory of Arizona School District Bond--i ayable in gold
 coin of the United States.--Due in
 twenty years.
 School District number one, of Gila county and Territory of Arizona, ac- knowledges itself indebted and hereby promises to pay to bearer five hundred dol. .ars, in gold coin, lawful money of the United States of America, of the present weight and fineness, for value received, on the first day of January, A. D. 1917, with interest thereon at the rate of seven per cent per annum, pay able annually on the first day of Jan uary, both principal and interest pay able at the office of the Treasurer of said Gila county, in the town of Globe, out of the Building Fund of said dis