Graham guardian., 1915-11-26
ORDINANCE NO. 68

An ordinance authorizing the issuance
by the Council of Stafford, Arizona, of
the bonds of the town in the aggregate
amount of Three Thousand Dollars for
the purpose OF acquiring funds with
which to erect a public building to be
used for town hall and Jail, prescribing
the form of said bonds and providing
for the levy and collection of a tax to
pay interest on said bonds as the same
| becomes due and to redeem the said
bonds when the same shall mature;
WHEREAS, on the l4th day of March,
1914, there was submitted to the property
| taxpayers of the Town of Stafford, Ari-
zona, who in all other respects were
qualified electors of said town, at a
special election duly called and lawfully
held in the said town, the question of
authorizing the issue of the bonds of
said town in the aggregate amount of
Three Thousand Dollars for the purpose
of providing funds with which to erect
a public building to be used for town
hall and Jail; and,
WHEREAS, more than majority of
the qualified property taxpaying cleo
tors of the said town voted in favor of
the said proposition, the result of said
election having been duly entered upon
the records of said town; and,
WHEREAS, the said bonds were duly
advertised for sale in accordance with
law and were awarded to the firm of
James N. Wright & Company, of Den
Ver Colorado; and.
WHEREAS, all preliminary matters
and things necessary to be done and
performed have been done and have
happened in accordance with law, and
the council of said town deems it ad-
Vlsable and necessary to issue said
bonds in accordance with law;
Now, THEREFORE, BE IT ORDAINED
BY the Common Council of the Town of
Stafford, Arizona:
l.. That for the purpose of acquiring
funds for the erection of building to
be used for town hall and jail within
and for the said town there shall be is
sued the negotiable coupon bonds of
the town in the aggregate amount of !
Three Thousand Dollars; that said |
bonds shall consist of six bonds num-
bered consecutiYely from one to six |
inclusive in the denomination of Five |
Hundred Dollars each, payable IN gold !
coin of the United States of America.
of the present standard of weight and |
tineness or its equivalent, bearing date
and bearing interest from and after
the first day of November, 1915, at the
rate of six per cent per annum payable
in like medium annually on the first
day of November in each year. Said
bonds shall be redeemable at the option
of the town ten years after date and
shall be absolutely due and payable on
the first day of November, 1880. The
on said bonds shall be evil
denced by coupons each representing
the annual payment of interest on the
bond to which it is attached, and both
the principal, and the interest upon
said bonds, shall be payable at the office
of the town treasurer in Stafford, Ari-
zona, or at the banking house of Kountze
Brothers, in the City of New York,
U. S. A., at the option of the holder;
said bonds shall be signed and attested
by the mayor and town clerk with the
seal of said town affixed
thereto; the coupons for the interest
attached to each of said bonds shall
bear fac-simile signature of the said
mayor and clerk.
2. That said bonds and coupons and
.he clerks registration certificate shall
De in substantially the following form:
UNITED STATES OF AMERICA,
STATE OF ARIZONA,
GRAHAM COUNTY,
TOWN OF Stafford. '