Arizona republican., 1906-05-18
ORDINANCE NO. ss2.


 An Ordinance Prescribing the Form of | Bond for an Issue of S3ooo0o Water Bonds of the City of Phoenix.
 The Common Council of Phoenix do ordain as follows;
 Section l. That the $500, ,0O0 Water Bonds of the City of Phoenix author ized by Ordinance No. s4s. approved 1st February. 1904, and sold under Resolution No. 26S passed End Novem- Der, 1905. be issued in substantially the following form to-wit:
 United States of America
 Territory of Arizona
 City of Phoenix Water Bond No. 5000. The City of Phoenix, in the Terri toryof Arizona, for value received promises to pay to bearer the sum of ONE THOUSAND DOLLARS in gold coin of the United States of America of the present standard of weight and ineness on the First day of June, 1881, with the privilege of prior payment as hereinafter provided, with interest thereon at the rate of per cent per annum, payable semi-annually on the 1st days of January and July of each year upon presentation and surrender of the annexed coupons as they sey- erally mature, both principal and in terest being payable at the American Exchange National Bark, in the City of New York.
 This bond Is one of a series of 800 bonds of like tenor and denomination, numbered from 1 to 300 inclusive is- sued under and by virtue of an Act of Congress entitled "An Act to amend an Act to prohibit the passage of local
  limit Territorial indebtedness, and so forth" approved 4th March 1898 and of ordinances of the Common Council of the said City duly passed and ap- proved and published. The issue hereof has been authorized at an cleo tion duly warned and held at which two-thirds of the qualified voters of the City being qualified electors and owners of real or personal property subject to taxation therein voted af- firmatively for the issue hereof.
 The Common Council of the City of Phoenix reserve the right to pay off in their numerical order at the rate of s30,000 per annum from and after the expiration Of 15 years from the date hereof the bonds of the series of which this bond is one by notice gwen according to the provisions endorsed hereon-
 It is hereby certified that every re- quirement of law relating to the issue hereof mas been duly complied with and that this bond and the debt ere ated hereby are within every debt and other limit prescribed by law.
 In Witness Whereof the said City Of Phoenix mas caused this bond to be signed by its mayor and attested by it's city recorder, and the seal of the caFa 1f@ Fo faa aF hn said interest coupons to be signed by the fac simile signatures of the said mayor and city recorder this First day of June 1906.
 LEWIS W. COGGINS, Mayor. Attest: FRANK THOMAS,
 City Recorder.
 (Form of Coupon) s25
 On the 1st day Of January (July) 19-- the City of Phoenix, Arizona, will pay the bearer s25.O0 in gold coin of the United States of America of the present standard of weight and fine ness at the American Exchange Ma tional Bank. in the CiU of sSew York. for six months interest on its Water Bond No. - unless said bond shall have been previously redeemed as therein provided.
 LEWIS W. COGGINS, Mayor. Attest: FRANK THOMAS.
 City Recorder.
 (Endorsement)
 Provisions for Prior Payment.
 In order to pay off this bond before maturity as herein provided the City of Phoenix shall give notice of its in- tention to do so on a specified day, by publishing such notice for a period of ten days before such specified day in one newspaper published daily in each of the cities of Phoenix Cincin- natl and New York. and thereupon af- ter the day so specified, interest here on shall cease unless payment hereof shall be refused after presentation on et after such specified day pursuant to such notice.
 Section Q The first and last cou- pons shall be for the period of one month and five months respectively and the terms thereof shall be varied accordingly. The phrase unless said bond shall have been previously re- deemed as therein provided" shall ap- pear only on such coupons as mature subsequent to the date on which the bonds to which they are attached be- come redeemable.
 Section 3. All ordinances and reso- lutions so far as they are in conflict W4ln tue pEONiSlOuS OL lulS OEuAldiiCS are hereby repealed.
 This ordinance shall take effect and be in force from and after its passage approval and publication according to law.
 Passed by the Common Council of the City of Phoenix this 14th day of May, 1906.
 Approved this 14th day of May. 1906.
 LEWIS W. COGGINS, Mayor. Attest: FRANK THOMAS, City Recorder.