Arizona republican., 1896-05-15

l Also to vote upon the pro position of issuing l $10.000 in the bonds of said city to pRy the
 present bonded indebtedness thereof repre-, | sented by Fire Department bonds for sl000O issued October 30, 1886, and maturing October 30. 1896.
 i Also to vote upon the proposition to take mp and fund the average floating O. warrant in debtedness of said city outstanding April 30. l 1S96 amounting to s39 800 %, by the issuance of s59, % in the bonds of sad city, the terms and conditions of which said bonds for $10,000. and for $39 800 are more fully set forth in the resolution of the Com mmOn Council of the City of Phoenix. A. T., passed April 30, 1896, and herewith published ct length as part of this notice:
 RESOLUTION. | Concerning the issuing of Bonds of the City of Phoenix.
 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 purposes, tOwlt:
 Fifst-For the purpose of paying the present bonded indebtedness of said City (Seing Fire Department bonds for Sl0.OO0), issued on the the principal sum of said bonds in the sum of ten thousand dollars, October 31th, 1896. Second-For the purpose of taking up and funding the present average floating or war i rant indebted ness of said city evidenced and represented by it's present outstanding city warrants on April go, 1896 in the sum of $39 300
 And whereas. under the provisions Of Article 19 of the amended incor poration act of the City X, 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 proDosition 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, 1S36
 .,sbaII 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 Sl0,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, 1886, in the principal sum of $10,00o co, said bonded indebt edness becoming due and payable in said principal sum thereof on the 3Oth day of Octo- Der. 1896.
 Second In the sum of $39 800 co for the pur- pose of taking up and fundin 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 s39, 300 % on April 50th, 1896
 All of said Ponds hereinbefOre named to be Issued in the principal sums of sl0.0O0. 00 and s39, 800 % in the denominations of $500 each: each issue to be numbered from one upward and 10 be known as Fire Department Refund ing Bonds and City Warrant Funding Bonds. The principal sum of said bonds to be payable the said $l0.000 bonds Tn fifteen years and the said s39 800 0O in thirty years from the date of their issuance in United States Gold Con: to terest in like U. 8. 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 un til paid to be numbered from up wards; to be conditioned that the said $l00O0.00 Fire Department Refunding Bonds may be re deemed by the Common Council of said city at time after ten (l0) years in any sum not to exceed $2,G00 per annum and said bonds to be redeemed numerically from mum Der one up- wards; and that the said s39. 9.50O % city warrant funding bonds may be redeemed by the Com mon Council of slid city at any time after twenty years in any sum not to eT ceed $3,950 per annum and said bonds to be redeemed num- erically from number one upwards; to be signed by the May or 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 in nserest accruing upon each bond, which coupons shall be signed by the Mayor and City Recorder in their official rapacity and attached to each bor 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 )f 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 not sell or dispose of said bonds or any of them, for less sum than 100 cents on the dollar of the face value thereof. he 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 uoon by the legal voters of said City of Phoe 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 dy,1o I nfcoi 6aif ,td ing said election and setting forth this Tesolu- tion in order. to explain the purpose for which said bonds are proposed to he issued and .t the terms end and conditions sued. Said notice to be published ir ''The Arizona Republican and "Phoenix Evenir Herald, :" two newspapers printed and published in the City of Phoenix. A., T. for the soaceof thirty day. 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 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 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
 "For issuing City Bonds of the City of Phoe- nix, Arizona, in the sum of sl00OO.00, for the purpose of paying present bonded indeht- ness of said city. Being Fire Department Bonds, issued October 3oth. 1Ss6 and due Octo- Der S0th, 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 it's outstanding city warrants. in the aggregate sum of s39 800 %, on Apr1l 30th, 1S9S." 'Yes," or "No"
 The election shall be conducted in the usual manner prescribed by law and the votes hall 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 () passed and adopted by the }SEAL} Common Council of the City