The border vidette., 1911-12-30
ORDNANCE Nc 8i.

An Ordinance Providing for the Is. suance of Sewer system Bonds of the town ot Nogales, Arizona, in the amount of Fifty Thousand Dollars
 WHEREAS, at an election which had been duly and legally called and which election was held in the Town of No gales, Ariznna. on the 3lst day of August, 1911. mo than t"o- thirds Of the qualified voters of said Town voted in favor of the issuance of D )nds of sa; d town in heamouEt Of Fifty Thous ! and Dollars. for the purpose of cons tru ting a system of sewerage to supply said Town and its inhabitants with sewer. and
 WHEREAS said bonds have been duly sold and awardt q to the First National
 Bank of Nogales, Arizona at price not less than the par value thereof; Now THEREFORE, BE IT ORDAINED
 by the Mayor and Common Council ot
 the Town of Nogales, Arizona:
 Section That for the pun pose o; constructing q system of sewage to snp
 ply tho Town of Nogales, Arizona and it's inhabitants with sewer, there are
 hereby ord cred and directed to be issued
 the negotiable conp)n bonds of said
 Town in the aggregate amount of Fifty Thousand Dollars (SoUO00), consisting
 of 50 bonds Of the denominatiu of 5000 each, numbered 1 to 90 inclusive. Said bonds shall be dated September l, 1911, and shall mature thirty years
 after date. SIid b Jnds shall bear in
 terest at the rate of five per centum l5 per cent) per annum, payable semi annually on the lst day Of March and | of Septen Der in each 1e"r until the
 maturity of the priacipaI, and shall have coupons attached representing said interest instalimen:s; both princi 1 pal and interest of said bonds shall be 1 made payable in lawful money of the i United States of America at the Hau- over National Bank ia the City and State of New Nock.
 Section ?. Said bonds and coupons
 shall be i. substantially the following forms respectively, to-wit:
 UNITED STATES OF AMERICA l TERRI TORY OF ARIZONA 1 COUNTY OF SANTA CRUZ TOWN OF MORALES SEWER SYSTEM BOND.
 No. 5000 % | KNOW ALI MEN BY THESE PRES ENrS | that the Town of Nogales, in the Conn | ty of Santa Cruz, Territory of Arizona,
 acknowledges itself indebted and for
 value received hereby promises to pav
 to bearer on the first day of September, | A. D., 194l, the principal sum of One 1 Thousand Dollars, together with h. 1 terest thereon from the date hereof
 until paid, at the rate Of five per cen ntum l t5 per cen0 per annum, pay able on the
 first day of March and of Septem Der in
 each ear. to the date of tho mature of | the principal, evidenced by and payable | upon representation and surrender ol
 the annexed interest coupons as they | severally become due. Both principal
 and interest of this bond are payable
 in lawful money of the United States | of America at the Hanover National l Bank in the City and State of New
 York. And for the prompt payment
 of the principal and interest of this
 bond as they respectively become due.
 the full faith, credit and resources of
 said Town are hereby irrevocably pledged.
 1 THIS BOND is issued for the purpose Of providing funds for the construction
 of a sewerage system to supply said Town and its inhabitants with sewer 1 pursuant to the favorable vote of 1 more than two-thirds of the qualified electors residing in said Town and owners of real or personal property | subject to taxation therein, and pur- suant to ordinances, resolutions and