Arizona weekly journal-miner., 1898-08-17
City Resolutions No. 3.
 SERIES 1898.

{ SERIES 1898.
 Whereas, the mayor and common .. council of the City of Prescott, has
 heretofore offered for sale and ad- vertised for proposals for the sale of One Hundred and FiftY Thousand 3 (Sl50, ,0O0W) Dollars of Water and , Sewerage Bonds or SO much thereof
 as might be necessary for the con
 struetioD of water and sewerage system for the City of Prescott, and Whereas, no bids or offers for the purchase of said bonds have been
 received by the City of Prescott,
 and
 Whereas, the best interests, health aud welfare of said city sud the in- ! habitants thereof demand and re- quire that a water and sewaFage
 system for said city should be con
 structed, ana
 Whereas, 1t IS necessary that the
 funds be realized from the sac of
 said bonds before the same is pOssi-
 ble of accomplishment,
 Now Therefore, be it Resolved,
 by ths Mayor and Common Council
 of the City of Prescott, that the
 mayor pro tenn of the said city be
 and IS hereby authorized, instructed
 and empowered, for and on behalf
 of the said city of Prescott to enter
 into an agreement and contract for
 the sale of said bonds with Hoadley
 Turnbull X Co. of the City of Phe-
 nix, Arizona, which said contract or
 agreement shall be in the words
 and figures following, to-wit:
 This Agreement, made and en- tered into this 9th day of August, 1888, by and between the City of | Prescott. a municipal corporation, in the County of Yavapai and Terri . tory of Arizona, the party of the |
 first part, and Hoadly, Turnbull & l O., of the City of Phenix, Maricopa | County, Arizona, the party of the 1 second part,
 Witnesseth: That the said party | of the first part, does hereby make, constitute and appoint said Hoad- ley, TuTnbull & Co, as its agents for the negotiation and sale of those certain bonds, authorized to be is- sued by the said City of Prescott, for the construction of a water and sewerage system, pursuant to an election held on the 10th day of April, 1898, upon condition that said Hoadley, Turnbull & Co.,, shall procure purchaser or purchas -S of said bonds at par, within six
 (60) days from the date hereof.
 Said purchaser shall be ready, willing and able to pay the pr value of said bonds, and the same shall be actually purchased hy him or them, the said bonds delivered and the purchase price thereof re- ceived by the City of Prescott. be- fore the compensation herein pro- vided to be paid shall become due and payable.
 And the said City of Prescott. in considerltionof of the performance of thr said services by the said Hoad- [ ley, Turdbuli X CO., agrees and binds itself to pay to them the sum of seven thousand five hundred ($7,- 5O0OO dollars therefor, which shall C be in full of ali claims and demands a and no claim shall attach or arise ( against said City, in case of the faii- ' ure for any cause of the full com T pletion of the purchase and delivery a of said bonds, and the payment Of q the full purchase price. !
 The said City further agrees that . said bonds shall not be sold within ! sixty (60 days from the date hereof, T except through the agency of said Turnbull x Co, and in { the event that the same are sold iu | any other manner within said time. s except as herein provided, said . Turnbull & Go, shall be Il paid the said compensation. O
 It is further agreed, that the said Turnbull & Co, may stip- | Hate for and on behalf of the said u City of Prescott, with the proposed \ purchaser or purchasers of said q ponds, that the proceeds thereof 4 hall be applied in good faith and ~.a ~ to the erection and of the public works for u which the same are to be issued, md that the persons by whom the york shall be done, shall be subject s, o the approval of the said purchas- =, v, r or purchasers, as we'll as bT the oi mayor and common council of the oi iiy of Prescott. - Said Hoadley. TurnbulI < Co, sT hall pay all subsequent expense in ss ident to the issuance of said bonds, n+ lcluding the engraving thereof. UI Passed by the Mayor and Com va lon Council of the City of Prescott of nls 9th day of August, 1898, by the x, vote: .C Ayes-Bray, Ross, Smith, MT. pc resident. po Nays None. ev Presented to the Mayor pro tenn tb ,r his signature aud approval, and y him this 9th day of August, 1898, uly signed and approved.
 CITY OF PRESCOTT. tb, ttest: BY FRANK E. ANDREWS, ivC T. l.. SHULTz, Mayor pro tenn of Wa
 City Clerk. the City of pa
 - Prescott. VIC pproved as to form: far REESE NJ. LING, City Attorney. tn, irst publication Aug. 10. -- sw