Arizona republican., 1906-05-24
ORDINANCE NO. 3s2.
An Ordinance Prescribing the Form oi Bond for an Issue of $3oo,ooo Water Bonds of the City of Phoenix.


 Bond for an Issue of $3oo,ooo Water
 Bonds of the City of Phoenix.
 The Common Council of Phoenix do ordain as follows:
 Section l. That the sSOO,OO0 Water Bonds of the City of Phoenix author ized by Ordinance No. 349 approved 1st February, 1904. and sold under Resolution No. 263 passed 2nd Novem- Der, 1905, be issued in substantially the following form to-wit:
 United States of America
 Territory of Arizona
 % Cityaof Phoenix
 4 Water Bond
 The City of Phoenix, in the Terri tofyof 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 fneness 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 aRnum, payable semi-annually on the 1st days of January and July of each year upon presentation and surrender of the annexed coupons as they sew erallyr mature, both principal and in terest being payable at the American Exchange National Bank, in the City of New York.
 This bond is one of a series of 300 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 or special laws in the Territories. to 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 $30OO0. 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 given dCCOIull AO lilS pTONlSlOilS enQOTSoQ hereon.
 It is hereby certified that every re- quirement of law relating to the issue hereof mas been duly compiled with and that this bonJ 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 its city recorder, and the seal of the said city to be hereto attached and the said interest coupons to be signed by the fac simile signatures of the said mayor and city recorder this First day of June, 1906.
 2 LEWIS w. COGGINS, Mayor. Attest:l FRANK THOMAS,
 City Recorder. (Form of COupon) On the 1st day of January (July) 19-- the City, of Phoenix, Arizona, win pay the bearer s25,0O 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 City of New York, l for six months interest on It's Water Bond No. - unless said bond shall nave been previously redeemed as therein provided. t
 LEWIS W. COGGINS, Mayor. 1 aAvrp H