The copper era and Morenci leader. [volume] (Clifton, Ariz.) 1911-1929, 1915-03-05

Provided majority of the
property taxpayers of Greenlee
County, who must in all other res
poets be qualified electors therein
voting at the special election called
as aforesaid to be held on the 22nd
day of March, A. D. 1915, in such
County, shall vote in favor of the
creation of such Indebtedness, said
bonds shall be promptly prepared
and executed and when so prepared
and executed as provided by law,
shall be delivered by the Board of
Supervisors to the lawful purchaser
thereof in accordance with law and
the contract of purchase made to thai
end and the amount of bonds sold,
their numbers and dates shall be en-.
tered upon the record of the pro-
ceedings of the Board of Supervisors
of said county and the proceeds de-
rived from the sale of said bonds
shall be used exclusively for the
purpose recited in said bonds as
hereinbefore set forth; but the pur-
chaser of said bonds shall be in no
wise responsible for the application of
the proceeds of said bonds by said
County or any of its officers.
4. The interest due on said bonds
on October 1, 1915, shall be paid
out of the general fund of said coun-
ty and for the purpose of reimbursing
said general fund for the amount of
interest SO taken from it and for the
purpose of providing the necessary
funds to pay the interest on said
bonds after October 1. 1915. as the
same becomes due and to redeem the
ture serially in the years 1916 to
1925 inclusive, there shall be levied
upon all the taxable property in said
county in addition to all other taxes,
the following direct annual tax, to-
wit:
In the year 1915 tax sufficient to
produce the sum of $2S,050, being
$13, $50 for interest and SIS, 900 for
principal;
In the year 1916, tax sufficient to
produce the sum of $22,659, being
81, $50 for interest and $4,000 for
principal;
In the year 1917, tax sufficient to
produce the sum of $21,75O, being
sc, ESQ for interest and $4,000 for
principal;
produce the sum of $2O,S5O, being
SIS, $50 for interest and $4,000 for
principal;
In the year 1919. a tax sufficient to
produce the sum of $19.950. being
Is $50 for interest and $4,000 for
principal;
In the year 1920, tax sufficient to
produce the sum of $4,000. being
81, $50 for interest and $4,000 for
principal;
In the year 1921, tax sufficient to
produce the sum of SIS, $50, being
$3.50 for interest and $4,000 for
principal;
In the year 1922, a tax sufficient to
produce the sum of $17,250, being
$2,25O for interest and $4,000 for
principal;
In the year 1923, tax sufficient to
produce the sum of $16,35O, being
1880 for interest and $4,000 for
principal;
In the year 1924, tax sufficient to
produce the sum of $15,45O, being
$3.50 for interest and $4,000 for
principal;
and said taxes when collected shall
constitute separate funds for the
payment of the interest upon and the
and shall be called respectively the
Interest Fund" and the 'Redemp-
ton Fund" Said funds shall be
kept for and applied solely to the
purpose of the payment of said in
terest upon said bonds and for the
redemption of said bonds according
to the number of their issue and for
no other purpose whatever, until the
Indebtedness so contracted under this
order, principal and interest, shall
have been fully paid, satisfied and dis
charged; but nothing herein contain
ed shall be so construed as to pre-
vent said County from applying any
other funds that may be in the treas
ury of the County and available for
that purpose to the payment of the
said interest or principal as the
same respectively mature, and the
levy or levies herein provided for