The border vidette., 1911-12-30

it's inhabitants with water; and WHEREAS. said bonds have been duly sold and awarded to The First National Bank Of NogaIes. Arizona, at q price not less than the par value thereof:
 Now, THEREFORE, BE IT ORDAINED by the Major and Common Council of the Town of Nogalcs, Arizona: Section That tor the purpose of constructing sytem of Waterworks | to supply the Town of Nogales. Arizona and it's inhabitants with water. there are hereby ordered and directed to be issued the negotiable bonds Of said town in the aggregatc amount of One Huud red Twenty Thousand Dol lars (S1200O0l consisting of12U bonds of tho denomination of 5000 each, numbered l to, 120 inclusive. Said bonds shall be dated September l, 1911, and shall mature, thirty years after date. Said bonds shall bear interest at the rate of five per centum 6 per cent) per annum, payable semi annual ly on the 1st day of March and of September in each year until the ma turity of the principal, and shall have coupons attached represen ting said in- forest installments: both principal and in terest of said bonds shall be made payable in lawful money of the United States of America at the Hanover Ma tional Bank in the City and State of New York.
 Section ?. Said bonds and coupons shall be in su ubstant ally the following forms respectively to wit:
 UNITED STATES OF AMERICA
 TERRITORY OF ARIZONA
 COUNTY OF SANTA CRUZ
 TOWN OF MORALES.
 WATER SYSTEM BOND.
 No. s1oUO00
 KNOW ALL MEN BY THESE PRESENTS that the town of Nogales. in the Coun- ty of Santa Cruz, Territory of Arizona. acknowledges itself indebted and for value received hereby promises to pay to bearer on the first day of Septem Der, A. D 1941, the principal sum of One Thousand Dollars, together with in terest thereon from the date hereof until paid at the rate of five per centum 6 per cent) per annum, payable on the first day of March and of Sep tember in each year, to the date of the maturity of the principal, evidenced by and payable upon presentation and surrender of 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 Bank in the City and State of New York. And for the prompt payment of the principal and interest of this bond as they respec lively become due, the full faith, credit and resources of said town are hereby irrevocably pledged.
 THIS BOND is issued for the purpose of providing funds for the construction of d waterworks system to supply said town and it's inhabitants with water, pursuant to the favorable vote of more than two thirds of the qualified elect ors residing in said town and owners of real or personal property, subject to taxation therein, and pursuant to or dinances, resolutions and proceedings of the Mayor and Common Council of said town duly passed, approved and adopted, and pursuant to and in full conformity with the requirements of the laws of the United States and of the Territory of Arizona, particulary an act of Congress approved March s, 1898, relating to the issuance of munic ipal bonds in the territories.
 AND IT IS HEREBY CERTIFIED AND RECITED that all Acts, conditions and things required by the laws of the United States and the Territory of Ari zona to exist, happen or be performed, precedent to and in the issuance of this bond do exist, have happened and have been performed ill regular and due form, time and manner as required by law, and that the amount Of thls bond together with all other indebtedness of said Town does not exceed any limita- tion imposed by law.
 IN TESTIMONY WHEREOF, said Town of Nogales has causes this bond to be signed by it's May or and countersigned by it's Town Clerk, and its corporate