The Coconino sun., 1902-03-01
ORDINANCE NO. 80.

pose of determining whether the town shall issue its bonds in the sum of twenty-two thousand dollars us 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 its bonds in the sum Of ninety-6ve 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 53l00 dollars. leaving an out standing indebtedness, incurred as aforesaid, of thirteen thousand four hundred nineteen 53-lO0 dollars: and,
 Whereas, Twelve thousand dollars ($l2,0O0) of said indebtedness still re- mains due and unpaid: and,
 Whereas, The Flagstaff Drainagea,nd Improvement Compeny 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 2+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 as follows:
 Section l. A special election shall be held by the electors of the town of Flag. staff (ncorporated) 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 l, 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, ut 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 (S22. .000) dollars of the denomina- ti0n of five hundred dollars each, to be numbered from ninety-six (96 to one hundred and thirty-nine (l39), both in- elusive, 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 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 npss 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 franchise from said town of Flagstaff by the Flagstaff Drainage and Improvement Company. Aud the surplus. if any, in the further extensiOn Of the said water svstem in