The Holbrook news., 1917-12-21
Notice and Order for the Issue and Sale of $25,OOO, School Bonds of School District No. 5. of NaUdjo County. State of
 Arizona

an order of the Board of Super
 visors of Navajo County, State
 of Arizona, made and entered ot
 record On the first day of Octo-
 Der, A. D. 1917, a School Bond
 Election was duly called to be
 held on Saturday, the 10th day
 of November, A. D. 1917, to de- termine whether or not the said School District No. 5 (Snowfake)
 of Navajo County. should incur
 an indebtedness of $25.000, and issue it's Bonds in said sum
 therefor, for the purpose of
 erecting a and constructing a
 School House for said School
 District No. 5 (Snowfake), for
 purchasing a building site for
 said School House, for laying out
 grounds for the same, and for furnishing and equipping said School House; and
 Whereas the returns of the
 said School Bond Election have
 been made to and duly canvassed
 by the Board of Supervisors of
 the said County of Navajo. and
 the result thereof declared and
 duly certified to, and which Ger
 tificate has been duly filed in the office of the County Recorder of
 Navajo County in the form and
 manner required by Sections 527O and 5271 of the revised Sta
 tutes of Arizona, 1913; and the
 Board of Supervisors has hereto adopted a resolution declaring the result and validity of said election and that said Board of Supervisors of said County of Navajo had been duly authorized and empowered by more than a majority of the property taxpay- CTS of said School District No. 5
 (Snowflake). of Navajo County, and in all other respects quail fled electors of the said School District No. 5 (Snowfake), Coun- ty of Navajo, voting at an Elec- ton held in the said School Dis trict No. 5 (Snowfake). voted in favor of the said creation of in- debtedness of S25. 900, and the sale of Bonds in the said sum of S25. GOO, said sum being less than six per centum of the value of taxable property of the said School District No. 5 (Snowflake) as ascertained by the last. pre- ceding assessment for State and County purposes, for the purpose of erecting and con- structing a School House for sad School District No. 5 (Snow- fake). for purchasing a building site for said School House, for laying out grounds for the same, and for furnishing and equipping said School House;
 Now, Therefore, by reason of the Premises, It is ordered by the Board of Supervisors of the County of Navajo, as follows:
 Section-1. That public notice is hereby givin that the Board of Supervisors of NaYaJo County. | has been authorized to order and does hereby order and | direct the sale of the following described Bonds of the said | School District No. 5 (Snow- flake), Navajo County, to wit: Bonds in the aggregate, principal sum of $25, 1000, comprised of twenty-five Bonds. numbered from one CD to twenty-five (25) | and to be of the demo- nination of $1,OOO. each, dated he 31st day of December. 1917. absolutely redeemable forty (4O) years from their date, bearing interest at the rate of 6 per cent per annum, payable semi-annual- y, but reserving to the said School District No. 5 (Snow- lake), the right to redeem the 'aid Bonds at any time after ten ,10) years from the date of issue;
 Section 2 That sealed pro- 1osals will be received by said Board of Supervisors of the said County of Navajo, for the pur- .hase of said Bonds on the 7th lay of January, 1918, at the hour if Ten o'clock A. M, at the of ice of the Board of Supervisors f Navajo County, in the Court Jor1co of HOIbrOOL in tba Conn