The copper era and Morenci leader., 1915-03-26
Clerk Board of Supervisors


Provided a majority of ths 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 ponds shall be promptly prepared and executed and when so prepared and executed as provided by law, shall be delivered by the Board of to the lawful purchaser thereof in accordance with law and the contract of purchase made to that 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-
 ived 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 it's 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 |, 1915. as the same becomes due and to redeem the said bonds when the same shall ma 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.05O. being $13,O5O for interest and $15.O00 for principal;
 In the year 1916, a tax sufficient to produce the sum of $22,659, being $7.65O for interest and $15,OO0 for principal;
 In the year 1917, tax sufficient to produce the sum of $21,750. being s6.75O for interest and s15.oOO for principal;
 h the year 1918, a tax sufficient to produce the sum of s2o,s5O, being s5,s5o for interest and $15.OoO for principal;
 In the year 1919, tax sufficient to produce the sum of $19.950, being s4,95O for interest and $15.OOO for principal;
 In the year 1920. tax sufficient to produce the sum of s19.O5O, being s4,05O for interest and $15,OoO for principal; ,.a
 In the year 1921. tax sufficient to produce the sum of s1s.15O. being $3,15O for interest and $15,O00 ~for principal;
 In the year 1922, tax sufficient to produce the sum of s17,250, being s2.25o for interest and s15,0OO for principal;
 In the year 1923, tax sufficient to produce the sum of $16,350. being s1.a5O for interest and $15,OOO for 
 In the year 1924, a tax sufficient to produce the sum of $15,45O, being $450 for interest and $15,00O for principal; and said taxes when collected shall constitute separate funds for the payment of the interest upon and the principal of said bonds respectively, and shall be called respectively the Interest Fund" and the '-Redemp-
 ion 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 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