Bisbee daily review. [volume] (Bisbee, Ariz.) 1901-1971, 1908-11-06
ORDINANCE NO tsz.

anance OF Sends for the City OF BIS
bee, Coenise County Territory OF
Arizona TOR the Construction OF Wa
ter Works to the Amount of One
Hundred and Twenty-Five Thou
sand (S125,oooOo) Dollars, and the
Issuance OF Bonds for the City OF
elsbees Cocnise County Territory
of Arizona, TOR the Improvement OF
Streets to the Amount Of Ore Hun
dred and Twenty-Five Thousand
,ooo.oo) Dollars, and Providing
for the Payment Of said Bonds, and
Providing for the Sinking Fund to
Redeem said Bonds and Pay the In
terest Thereon.
-
BE IT ORDAINED by the Mayor
and Common Council of the City OF
Bisbee, Cochise County. Territory of
Arizona. as lohows to-wlt:
SECTION l. That, whereas. under
tae authority and in pursuance OF and
In conformity with the provisions "a
the Act OF Congress, approved March
a, 1893, entitled, An Act to Amena
an Act to Prohibit the Passage of
.oeal or SueciaI laws IN the Terri
tories 10 Limit ths, Territorial Indebt-
edness etc and In accordance WITH
the proyision Of the revised sta,,tes
of 1901 of the Territory of Ari-
IONA. and Amendments thereof an
alac+ion was held IN the said city n,
Rigbee. on the path day OF October.
190S between the hours of 400 a m.
ana 6 200 .. m. of said dav for the
purpose of voting on the issuance OF
bonds of the said City OF Bisbee, for
the Construction of Water Works to
the amount Ct $125,000.6O and the I'm
povement of Streets to tae amount OF
1925, 100000 and notice of which cleo
ton had been given more than thirty
days before such election, by publica-
ton in a newspaper OF general cir
culation published in such City and
stating the time and place OF holding
WHEREAS, at said election more
than two-thirds of the qualified cleo
tors of said City of Bisbee and owners
| of real or personal property subject
to taxation within the said municipal
! ity voted afflrmatiTeiy for the issu-
ance of said Bonds for Construction
Ct said Water Works In the sum OF
Sl25,eoo-eo ana Tor the issuance OF
said Bonds for Improvement of
streets IN the sum OF $l25,OOo.O0 said
Bonds to bear rate OF interest not
exceeding six te9o) per cent per an
mum payable seml-annualiy and said
Bonds TO run for the term OF twenty
Eve years and be payable as follows
to-Wlt:
During the first five years of the time
| which they are to run, only the inter
est shall be due thereon and at the enc
of each year thereafter. besides the iIi-
terest there shall be due and payable on
| aid Bonds for Construction of Water
! Works, the sum of Six Thousand Two
Hundred and Fifty 6.250. 0O) Dollars
until the said bonds shall have been
paid; and. on said bonds for the I'm.
proveuept of streets, the sum of Six
Thousand Two Hundred and Fifty
(s625O.OO) Dollars. until the said
bonds shall have been maid. and
vho-oos ~, ,o,5 Ntaro. "a Gov,
,,o,, Co,,ncil 90 +ba sat5 C,t-, of pis
~ 49,, a. Saoass. 80, ard 1-ona, :,
jssua and coll sa;d pondS for an S,on
lzt-uc,ion 1s yUoto- yvor,,O 70 .bo
amount of s125 600 o. aud said bonds
for tbe imnroveme,I .,f ,trpets 10 tn.
amount of s125 OO0 90 m he Maid a
the tiu,A ana en- fine manner as bere
in set forth and IN bear interest a
the rate of elk (soLl ner cent ner an
mum said interest to he pavable semi
annually on the first Monday in Ian
luary and July OF each wear and tbat
the principal and interest of said
bonds shall be payabIe in gold coin O
the United States of America. at the
Office of the city clerk. ex-oficio cit,
treasurer of said CITY of Risbee. Co
chfse county. Territory of Arizona, OF
at such bank In the city of New Yorl
or at such other place as NAV be
designated by the Mayor and Com
mon Council of said City of Bisbee
at the option of the purchaser of SAID
bends. the place of payment to BIZ
mentioned in said bonds, and said
bonds shall be made payable to bear
er.
Section 2. That the city clerk ex
officio city treasurer of the said Cit,
lof Bfsbee, is hereby directed to have
prepared Bonds for the CONSTRUCTION
of Water Works In the sum of S125,
900 90 of the denomination Of One
Thousand Two Hundred and Fifty
fS125O) Dollars. each numbered So
rally from one to one hundred in