The Coconino sun., 1902-03-15
ORDINANCE NO. 80.

pose of determining whether the town shall issue it's bonds in the sum of twenty-two thousand dollars as "Sup- elementary Water Works and Sewer Bonds," the proceeds thereof to be used exclusively for the purpose of the the payment of outstanding indebted ness of said town of Flagstaff, over and above the bonds previously issued, ln- cured in the construction of the system of water works for said town, and in the purchase and improvement of the present sewer system of said town, now owned and operated by the Flagstaff Drainage and Improvement Company.
 Whereas, The town of Flagstaff has issued it's bonds in the sum of ninety.fve thousand dollars for the purpose of the construction of the sys- tenn of water works for said town; and,
 Whereas, The snm actually and ne- cessarily expended by the said town of Flagstaff in the construction of said system of water works was one hundred and eight thousand four hundred and nineteen B loo dollars, leaving an out standing indebtedness, incurred as aforesaid, of thirteen thousand four hundred nineteen 53-lOO dollars: and,
 Whereas, Twelve thousand dollars ($l2,OOO) of said indebtedness still re- mains due and unpaid: and,
 Whereas, The Flagstaff Drainage and Improvement Compsny have, under a franchise from said town, constructed and now own and operate the sewer system of said town of Flagstaff, and have offered to sell the same to the said town Of Flagstaff for the sum of nine thousand and four hundred twenty-nine 4-l00 dollars, the actual cost of con- struction, the purchase of which would better protect the sanitary conditions of said town, now, therefore, the mayor and the common council of the town of Flagstaff do ordain us follows:
 Section l. A special election shall be held by the electors of the town of Flag staff (incorporated) under the provis- ions of an act of congress entitled "An act to amend an act to prohibit the pas sage of local or special laws in terri tories, to limit territorial indebtedness, and so forth," approved March 4, 1898.
 Section ?. Said election shall be held at the city hall in said town on Wednes- day, the second day of April, A. D. 1902, during the hours fixed by law for holding such elections, at which elec- tion 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 twenty-two thou sand 1922. .0O0) dollars of the denomina. tion of five hundred dollars each, to be numbered from ninety-six (96) to one hundred and thirty-nine Q39), both in- elusive, payable within thirty (30) 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 payable semi-annually, said bonds to be designated Supple. mentary Water Works and Sewer Bonds, the proceeds thereof to be used exclusively for the purpose of the payment of the outstanding indebted ness of said town, incurred in the con- struction of the system Of water works of said town Of Flagstaff, and in the purchase and the improvement of the sewer system of said town, now owned and operated under a franchise from said town of Flagstaff by the Flagstaff Drainage and Improvement Company. And the surplus. if any, in the further
 f al T |