Bisbee daily review., 1906-09-01
ORDINANCE NO. s7.

An ordinance authorizing the issu- ance of sewerage bonds for the City of Bisbee, Cochise County, Territory of Arizona to the amount of Eighty Thousand Dollars. ($S0. .000.00), provid- ing for the payment thereof and pro- viding for a sinking fund to redeem said bonds and pay the interest there on.
 | WHEREAS. an election was duly called and held in the City of Bisbee, ICochise County, Territory of Arizona, on the goth day of March, A. D., 1906, after notice thereof had been given for lthe time and in the manner required by flaw, for the purpose of voting on the is suance Of sewerage bonds for the sail City of Bisbee. more than two-thirds of the qualified voters of said city vot- ed in favor of the issuance of said SC -p. craze bonds to the amount of E. ,ohtv Thousand Dollars, ($s0,OO0.00), yat said | i election, and | WHEREAS. therealte :. on the 4th l day or Nsy, A. D. iS' d. the Mayor and Com>hon Council oec said City of Bisbee l'id regularly P&ss and adopt ordir nance No, s..s directing the issuance of Eighty Tnonsand Dollars (sS0 00000). of sewerage bonds of said City Of | DgSDBe as dulHOIlLeu Dg Sdlu SiSsSliOl teld in the City of Bssbee and provid. I ing for the payment of said bonds.
 both principal and interest, and provid-
 ing also thai said bonds should bear interest at the rare of , per cent per
 annum, payable semi-annually on the First Monday in June and December 'nf each year; and,
 WHEREAS, said Mayor and Com
 mon Council Of the said City of Bis
 bee deemed 1t proper to reject all
 bids for the purchase of said bonds
 under said Ordinance No. 91, and.
 WHEREAS, said bonds never have
 been issued although duly and regu-
 larly authorized to be issued as afore- . said and,
 . WHEREAS. the said Mayor and - Common Council of the said City of - Bisbee deem it necessary and proper . to issue and sell said Eighty Thousand = Dollars (sS0, ,00OO0) of sewerage bonds, NOW, THEREFORE, the Mayor and V Common Council of the said City of Bisbee do ordain as follows:
 Section l. That the City Clerk eX, officio City Treasurer of said City Of Bisbee is hereby directed to have pre- . pared sewerage bonds in the sum of of Eighty Thousand Dollars (sSO, ,090.00) an- of the denomination of One Thousand In- Dollars (S1. .OOO.OO) each, numbered ser m ially from one to eighty inclusive ma dated the 21st day of September. 1906
 and which shall become due twenty - five (25) years after the date thereof Dh- and which shall bear interest at the se s5 rate of per cent per annum, which ilu interest shall be payable semi-annually ne on the First Monday in June and De ne Cember of each year;
 ny PROVIDED HOWEVER, thar ii SSN, shall be stipulated in sali bonds that N0 the Mayor and Common Council o1
 the said City of Bisbee reserve tbe 'ur right to pay off and retlra any or ell en- of said bonds in their n1merical iprdel 'ur at any time from and after the eSDir2 gu ton of five (5) years from theil te. date. Both the principal and tbe in as terest on said bonds shall be nadt $. payable in gold coin of the Unibec
 States of America at the office of tht
 lefty Clerk, ey-Officio City Treasure
 of said City of Bisbee, Cochise County
 Arizona Territory, or at such hank il
 the City of New York, State Df NeV Tn York. or at such other place as ma. lS be designated by the Mayor ant sU Common Council of said City of Bis
 bee. at the option of the purchaser 0
 said bonds. The place of payment t
 be mentioned in said bonds and sail E- bonds shall be made payable to bearer
 Said bonds shall bear the seal of tht
 City of Bisbee and be signed by tn
 Mayor and cOuuJeTsignad by the Cir
 Clerk. eN-oTicio City Treasurer of sqi
 City of Bisbee under the official seal o
 said City, and the coupons attached [ tg. said bonds shall be eEocd.r1 bv the er urn graved signature Of the Guy ~Le. k, e2 7er- oHici1 City Treasurer.
 by Sec. g. The signing of rhe sal: snd Doad- by The Mayor aaI Cilv Cserb
 ox-0Htcl0 City Treasurer and tae If, -rr jag thereto of the co.uo w.a seal c .... a... Cis shall bind .ha Ci-r ot BH .a.r lsn Ta- he uaruau. f rAa amount z ion an.. 07 said bonds according tC q. :. ....- thereof wha1~..r the sum a.. .... hay. ..au sold and delivered. .- E.. {" -ha City Clerk Is harnb
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