Arizona republican., 1903-03-20

WHEREAS, At a meeting of the Common Council of Phoenix. in the County of Maricopa. Territory of Ari- zona held in the council chamber in the City of Phoenix. in said County and Territory. on the 2d day Of March. 19o5 and at which meeting there was pres ent a quorum of said Common Council Of Phoenix. the following resolution was unanimously adopted by ma jority vote of said Common Council, viz
 RESOLUTION NUMBER 139
 RESO LUTON ORDERING AN
 ELECTION TO AUTHORIZE THE
 ISSUANCE OF BONDS FOR WA
 TER WORKS IN THE CITY OF
 PHOENIN.
 THE COMMON COUNCIL Or PHOENIX DO RESOLVE AS FOL LOWS:
 1st. That the following proposition be and the same is hereby submitted to the qualified electors and owners oi real or personal property subject to taxa ton within the corporate limits of the City of Phoenix. in the County of Maricopa, Territory of Arizona. to be voted upon by them at an election
 
 1jth day of April. A. D. 1903. in said City, County and Territory. viz:
 Shall the Common Council of Pace nix. in Maricopa County. Arizona Ter ritory. issue bonds of the City of Phoe nix, in said County and Territory. to the amount of Three hundred thou sand ($3G0,CoC) Dollars. for tte purpose , of the construction O; water works for ic=or itar h.s said City of Phoenix. to be owned and operated by the said City of PhoeniX for the purpose of supplying said City and the inhabitants thereof with water. Said bonds to be issued in denomina- tiors of One thousand (S1,00D Dollars each the principal to be due in twenty five C.5) years from the date thereof. provided, however. that the Common Council of said City of Phoenix reserve the right to pay off such bonds, in their numerical order, at the rate Of Thirty thousand (s30.0C0) Dollars thereof per annum from and after the expiration of fifteen G5) years from their date. all of said bonds to bear interest at the rate of five (5) per centum per an- num: interest thereon shall be paid semi i-annually on the first day of Jan ua"y and on the first day of July of each year after their issuance. Prin- cipll and interest shall be payable in Gold Coin of the United States of America, at the office, of the City Treasurer of the City Of Phoenix. in Maricopa County, Arizona Territory, or at such bank in the City of New York, in the State of New York or in the City of San Francisco. State of California. or such place as may be designated by the Common Council of the City of Phoenix. at the option of the ptischasei of said bonds, the place | of payment to be mentioned in said bonds. and shall be made payable to the purchaser or purchasers or his or their order. Said bonds to be signed 1 by the Mayor oi said City of Phoenix and attested by the City Recorder l thereof and have the seal of the said City of Phoenix attached thereto, and l each bond shall have interest coupons attached thereto so that the same may be detached without mutilating the | bonds. for the semi-srnual interest to accrue thereon. which coupons shall have a fac simile of the signatures J the Mayor and Recorder of said City of Phoenix Autographed or printed thereon. Said bonds to be sold by the Common Council of the City of Phoe- nix in such manner as they may deem best for the interest of said City O: Phoenix. but the sane shall not be sold below par.
 2nd. That such election shall be held on the 10th day of April A. D 1903. between the hours of eight (S) o'clock in the forenoon and five (5) o'clock in the afternoon of that day at polling places in the several voting wards of said City of Phoenix, to be hereafter selected and designated by the Common Council. aforesaid. ano said election shall be conducted by sucf election officers in said City of Phoenix to be hereafter named by said Com mon Council and that the ballots use(