Arizona republican., 1896-05-05
Notice of Special Election.
COUNCIL CHAMBER, CITY HALL.

COUNCIL CHAMBER, CITY HALL,
 PHOENIX, ARIZONA, APRIL 2S, 1896.
 Notice Is hereby given that special election by the legal voters of the City of Phoenix, T., has been called by the common council of the city ot Phoenix and will be held In the va Tous wards of said city on the 2nd day of June 1896, between the ,urs of a. m and D. m. of said day, as follows:
 For the election of one mayor of said city to Ill unexpired term of R. L. Rosson, resigned, and of one councilman in the Second ward thereof to fill the unexpired term of B. Allyn Lewis, resigned.
 Also to vote upon the pro position of issuing present bonded indebtedness thereof repre- sented by Fire Department bonds for si0,OOO 30, 1896.
 Also to vote upon the proposition to take up ana fund the average floating o: warrant in oebtedness of said city outstanding April 30, 1896. amounting to s39. 300 %, by the issuance Of s39 5C0 % in the bonds of said city, the terms and conditions of which said bonds for $1O,OOO and for s3S 300 are more fully set forth in the resolution Of the Common Council of the City or Phoenix. A. T., passed April 30, 1896, and herewith published at length as part of this notice
 REVOLUTION.
 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, towit:
 rlIst-rOE tn6 puIpOSe O1 paying the present bonded indebtedness of said City (heing Fire Department bonds for Sl0.OO0) issued on the 30th day of October, 1896, and to become due m the principal sum of said bonds in the sum of ten thousand dollars, October 31th, 1S96
 Seeond-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 90, 1896 in the sum of s39, ,5O0
 And whereas, under the provisions of Article 19 of the amended incorporation act of the City nf 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
 them voted upon. Therefore be it
 RESOLVED, by the Common Council of the City ot 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, 1S96
 ''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,!00.00 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, lsS6 in the principal sum of sl0, ,000 CO., said bonded indebs- edness becoming due and payable in said principal sum thereof on the 3Oth day of Octo- Der, 1896.
 Second In the sum of sss, ,5oo. % 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 $39,500 % on April 50th, 1896.
 All of said Bonds hereinbefore named to be issued in the principal sums of $l0000.C co and $39, 300 OO and in the denominations of $500 each: each issue to be numbered from one upward l and fo be known Fire Department Refund | ing Bonds and City Warrants Funding Bonds | The prinri pal sum of said bonds to be payable | the said Sl0,000 bonds 1n fifteen years and the | said s39 800 0O in thirty years from the date ol | their issuance in United States Gold Coin: to | bear the 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 l five per cent per annum from date of their iSsu- l ance. and until paid; to be mum hered from up- | wards; to be conditioned that the said Sl0000 % l Fire Department Refundiug Bonds may be re- | deemed by the Common Council of said city | ct & time after ten (l0) years in sny sum not | to exceed $2 too per annum and said bond to | be redeemed numerically from nun Der one up- wards; and that the said $39,5O .OO city warrant l funding bonds may be redeemed by the Com | mon Council of said city at any time after | twenty years In any sum not to eH ceed S, $50 | per annum and bonds to be redeemed num- | erically from number one upwards; to be | signed by the Mayor and City Recor Ter 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 1 capacity; to have coupons attached thereto for the interest eecruing upon each bond which | coupons shall be signed by the Mayor and City | Recorder in their official capacity and attached | to each bor 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 lnteres of said city in realizing the greatest price therefor either at public or Driva e sale and with or without notice. Provided-that said Common Council shall not sell 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 pavmentof the | principal sum of said bonds and interest there | on to be fixed by said Common Council y That Tuesday the 2nd day of June, 1896, be | and is hereby designated and set apart as the | day upon whi h the question of the issuance of