The border vidette., 1911-12-16
ORDNANCE Nc. 30.

One Hundred Twenty Thousand Dol lars.
 WHEREAS, at an election which had been duly and legally called and which I election was held in the Town of No gales, Arizona. on the 3Ist day Of August, 1911, more than two thirds oi | the qualified voters of said Town voted in favor of the issuance Of bonds of said | Town in the amount of One Hundred Twenty Thousand Dollars. for the purpose of constructing a system oI waterworks to supply said Town and it's inhabitants with water; and WHEREAS. said bonds have been duly sold and awarded to The First National Bank of Nogales. Arizona, at a price not less than the par value | thereof;
 Now, THEREFORE. BE TT ORDAINED l by the Major and Common Council of the Town of Nogales. Arizona: Section That for the purpose of constructing sytem of Waterworks to supply the Town of Nogales. Arizona and its inhabitants with water. there are hereby ordered and directed to be issued the negotiable coupon bonds Of
 
 One Hundred Twenty Thousand Dol lars (S12OOOO) consisting of 120 bonds of the denomin ation of 5000 each, numbered 1 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 c 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 representing said in- terest 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 substant ally the following forms respectively, to-wit:
 UNITED STATES OF AMERICA
 TERRITORY OF ARIZONA
 COUNTY OF SANTA CRUZ
 TOWN OF NOGALES.
 WATER SYSTEM BOND.
 No. SlOUO.0O
 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 September, A. D., 1911, 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 cenD 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 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 aud 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 8, 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 10 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 NOpaleS has causes thls bond tO be