The Coconino sun., 1902-11-08
ORDINANCE NO. s2.

staff calling Special Election for
 the purpose of determining whether
 the town shall issue it's bonds in the
 sum of Ten Thousand and Five Hun
 dred Dollars as Supplementary Water Works BOnds," the proceeds
 thereof to be used exclusively for
 the purpose of the payment of out
 standing indebtedness of said town
 of Flagstaff, over and above the
 bonds previously issued, incurred in
 the construction of the system of
 water works for said town.
 WHEREAS, The town of Flagstaff has issued it's bonds in the sum of Ninety-five Thousand Dollars ($95,- OOO.OO for the purpose of the con- struction of the system of water works for said town; and,
 WHEREAS, The sum actually and necessarily expended by said town of Flagstaff in the construction of said system of water works, including re- cent extensions of water mains, was One Hundred and Nine Thousand and Four Hundred and Three and 4l-lOO Dollars, leaving an outstanding in- debtedness, incurred as aforesaid, of Fourteen Thousand, Four Hundred and Three and 4l-1OO Dollars; and, 7 WHEREAS, Ten Thousand and Five Hundred Dollars of said indebtedness still remains due and unpaid; now, therefore,
 The Mayor and Common Council of
 the town of Flagstaff do ordain as
 follows:
 Section l. A Special Election shall be held by the electors of the town of Flagstaff (incorporated) under the pro- visions of an Act of Congress, en- titled "An Act to amend an Act to prohibit the passage of Local or Spe- cial Laws in the Territories, to limit Territorial indebtedness, and so forth" approved March 4, 1898, is hereby ordered.
 Section2. Said election shall be held at the city hall in said town on Mon- day, the eighth day of December, A. D. 1902, during the hours fixed by law for holding such elections, and at which election the following proposition shall be submitted to the electors of said town, lawfully qualified to vote thereon:
 ''Shall the town of Flagstaff issue it's bonds in the sum of Ten Thousand and Five Hundred Dollars of the de- of Fivg Hundred Dollars each, to be numbered from ninety-six (96) to one hundred and sixteen Ql6) both inclusive, payable within thirty (3O) years from date thereof in lawful money of the United States, to bear interest at the rate of six per centum per annum, such interest pay able semi annually, said bonds to be desig- mated Supplementary Water Works Bonds, the proceeds thereof to be used exclusively for the purpose of the payment of the outstanding in debtedness of said town incurred in the construction of the system of water works of said town of Flagstaff, and the surplus, if any, in the further ex- tension of the said water works sys- tenn in the said town of Flagstaff"
 Section }. At such election no per son shall be qualified nor permitted to vote except he be in all respects qualified elector of said town, and owner of real or personal property subject to taxation, within the corpor- ate limits of said town.
 Section f. All ordinances and parts of ordinances in conflict with the pro- visions hereof, are hereby repealed.
 Section ,. This ordinance shall take effect and be in force from and after its passage, publication and posting.