Graham guardian., 1903-09-11
edness Of said Hill school district !

oxceed four pof caa
value of the taxable property of
said school district as ascertained
by the last assessment roll for ter
ritorial and county taxes.
Now, therefore it is ordered
that the negotiable coupon bonds
of said Hill school district number
3S, of Graham county, Arizona, be
issued in the aggregate amount of
eight thousand (ss,OOO.OO) dollars.
Said bonds shall consist of six
teen bonds for the sum of five hum
dred $500 00) dollars each. Shall
be dated December 23d A D. 1908.
Shall be due and payable twenty
years from the date thereof Shall
bear interest at the rate of seven
% per cent per annum, payable
annually, both principal and inter-
est payable at the Office of the
county treasurer of Graham coun-
ty, Arizona, upon the warrant of
the county school superintendent
out of the fund provided therefor,
in gold coin lawful money of the
United States of America, of the
present standard and weight and
fineness. Said bonds shall be
signed by the chairman Of the
Board of Supervisors, attested by
the clerk, under the seal thereof
and countersigned by the treasur-
er oPthe county, and registered by
the said clerk. Said coupon shall
be signed by the chairman of the
Board of Supervisors, attested by
the clerk and countersigned by the
treasurer of the county, and it is
further ordered, that the bonds
and coupons shall be substantially
in the following form, to-wit;
No /. S5OO0OI
UNITED STATES OF AMERICA.
Hill School District Number 38
Graham Co. Territory of Arizona.
Payable in gold coin of the
United States of Ame ica
Hill School District Number 3S.
Hill school district number 3S,
of Graham county and Territory of
Arizona acknowledges itself in
debted and hereby promises to pay
to bearer five hundred (S500.n0),
dollars in gold coin, lawful money
of the United States Of America of
the present standard of weight and
fineuess for value received on the
23rd day of December A. D 1928,
with interest thereon at the rate of
seven per cent per annum interest
payable annually on the 23rd day
December Of each year, both prin.
cipal and interest payable at the
Office of the treasurer of said Gra-
ham county in the town Of olo-
monville, upon the warrant of the
county school superintendent, out
of the building fund of said school
district; and upon the presentation
and surrender Of this bond or the
annexed coupons, to the said coun-
ty school superintendent, as they
severally become due, it shall be
the duty of the said county school
superintendent to cancel and file
with the treasurer the bonds aud
coupons as rapidly as they are
paid, provided, however, that this
bond shall be payable after ten
years from dat, hereof, at the op-
ton of the board OF trustees of Hill
school district number 38, Ora
ham county, Arizona Territory.
This bond is one of series of
bonds of said Hill school district
number 38, of Graham county, Ari-
zona, of like tenor and date, which
the board Of Supervisors of said
Graham county, Arizona, has is-
sued tor said Hill school district
number 3S, for the purpose of pur-
chasing the necessary lots and the
construction thereon of one school
house, and supplying the same
with furniture, necessary appara'
tus, and improving the grounds
thereof, in and tor the use and
benefit of said Hill school district
mum Der 38. Under and by virtue
of, and in full and strict compli-
ance with the provisions of an Act
of the twenty first Legislative As
sembly of the Territory of Arizona
entitled "An Act to revise and
codify the laws Of Arizona" title
10 education. approved March Is