Arizona republican., 1906-01-17

thereabouts.
 "And Whereas, There is outstand- ing fourteen thousand and sixty four 21-1O0 ($14,O64,2D dollars indebtedness on account of warrants drawn on the Road Fund of said county or there abouts for principal and interest; And Whereas there is outstanding eight thousand seven hundred and ninety six 37-1OO $S.79637) dollars indebted ness for warrants drawn on the Con tingent Fund of said county, for prin- cipal and interest.
 And Whereas, There is also out standing for principal and interest seventy-seven thousand ($77,OO0) dol lars on the bonds of said county issued under the privisions of an act of the Legislative Assembly of the Territory of Arizona, entitled, An Act to Auth orize the Board of Supervisors of the County of Pima to Purchase Land and Erect Thereon and Furnish a Court House and Jail, and Issue Bonds of Said County and Provide for the Payment of the Same, approved Feb ruary 18th, A. D. 1SS1"
 And Whereas, All of the warrants, bonds and indebtedness above specified draw interest at the rate of ten per centum per annum, and it appearing to the Board of Supervisors that all of said indebtedness of said county of Pima, as above specified can be re- deemed and refunded at a lower rate of interest and to the profit and benefit of the said county of Pima.
 Now. Therefore, It is hereby or dered that the negotiable coupon bonds of said county of Pima, to the amount of two hundred and fifty thousand ($250,O00) dollars, or such part there If lon fo ,,1 refund all of the bonds, warrants and indebtedness above mentioned and specified, be issued in conformity with the provisions of an Act of the Legis- lative Assembly of the Territory of Arizona, entitled, 'An Act to Enable any County to Fund its Outstanding Indebtedness" approved March End 1887, for the purpose of refunding or redeeming the bonds, warrants and in- debtedness, principal and interest above specified. That said bonds so issued shall bear interest at the rate of seven per centum per annum, and shall be payable in gold coin oF its equiva- lent in lawful money of the United States, principal and interest. Ten per cent of said bonds hereby ordered to be issued are to be paid ten years after date, and ten per cent thereof to be paid annually thereafter, principal and interest as provided in said Act. The interest to be paid annually on said bonds on the 18th day of January of each year, and none of said bonds to be made payable more than twenty years after date. Nor shall any of said bonds be paid before ten years after date.
 "'The Board adjourned until tomor- row, April 18th, 1887, at 10 o'clock a. m. H. E. LACY, "'Chairman.
 "'Attest: M. s. SNYDER. Clerk
 And Whereas, Thereafter on to-wit: May 23rd, 1887, the minutes of the said Board of Supervisors of said Pima county show the following entries, to- wit:
 "'And now comes Hon. John s. | Wood, County Treasurer of Pima county, with the sealed proposals for the purchase of county bonds of Pima county, and on motion duly carried the Board of Supervisors retire with the County Treasurer to his office, and it appearing to the satisfaction of said Board that John $. Wood, County Treasurer, had made due and proper advertisement for the sale of said bonds according to law, the said John | $. Wood, County Treasurer, then and ! there publicly opened all of the bids | for the purchase of said bonds of Pima 1 county in pursuance with said notice. The following bids being all that were offered were thereupon read and con- sidered under the supervision of this Board, which said bids are as follows ! viz:
 Tucson, A. T., May 2S. 1887 ! ""J. s. Wood,
 "" Treasurer Pima County.
 
 and fifty thousand ($25O,OOO) dollars of Pima county bonds bearing per cent, issued or to be issued to fund the outstanding indebtedness of said county incurred prior to July 30th 1886, offer to pay $254 ,6S7.50 provided said bonds are delivered by express tC me or my order in the City of New York, and submitted to legal examina- tion for decision as to their validity and proper issuance.
 | ""LIONEL M. JACOBS.'
 ""Tucson, A. T., May 23rd, 1887 ""John s. Wood,
 ""CO. Treasurer. Tucson, AriZ.
 ""Dear Sir: For the two hundred and fifty thousand dollars par value ot Pima county ' per cent bonds issued to fund indebtedness incurred prior tC July 30th, 1886, we will pay you the sum of two hundred fifty-two thou. sand, eight hundred and fifteen dol lars ($252, ,S15).
 ""Yours truly,
 PRESTON & CO,
 ""By Chas. H. Evans, Agt
 "'The Hon. John $. Wood, Treasure of Pima county, being satisfied tha , the bid of Preston & Co.,. for two hun dred and fifty thousand ($25O,O ,O0O) dol , lars of said bonds being two hundre, , and fifty-twO thousand, eight hundre, and fifteen C$252,S15) dollars, is tn most advantageous and to the best in terest of the county, he accepts tn same. Whereupon the Board, on mo tion of John Anderson, concurred il the action of said Treasurer, and or | dered the bid accepted. The member } of the Board voted as follows: r "'H. E.. Lacy, chairman, voted aye. } John Anderson, member, voted aye ? Frank L. Proctor, member, vote l aye.
 2 "'The Board adjourned until tomor
 row, May 24th, 1887, at 10 o'clock a. IT , "'H E LACY Chairu1 a r