The Coconino sun., 1917-04-20

VI JIlt IdAauiS PiopSity III ooiu toWh, in addition to all other taxes, suffi- cient to pay the interest accruing on said bonds promptly when and as the same becomes due and also to consti- ute sinking fund sufficient to pay the principal thereof at the time of their maturity; repeating all ordinan- ces, resolutions, orders, or parts thereof in conflict herewith; and de- claring an emergency"
 
 Whereas, In accordance with Ordin- ence No. 19S of the town of Flagstaff, Coconino county, Arizona, passed and approved March 18th A. D. 1917, and thereafter duly posted and published, notice and order for the issue and sale of $60,000 sewer bonds of the said town, was duly published once each week for period of consecutive calendar weeks, in "The Coconino Sum-" weekly newspaper published and of general circulation in said town, the first publication being Fri day, March 16th, A. D. 1917 and the last publication being Friday, April 18th, A. D. 1917, and evidence of such publishing has been furnished to the town council by the town clerk in form of pupblisher's affidavit; and
 Whereas, The bonds aforesaid have heretofore, pursuant to the advertised notice of sale aforesaid, by the town council, been duly awarded, bearing 5hfS interest, to Keeler Brother of Denver, Colorado, who were the high est and best responsible bidders there fore, at price exceeding the par value of said bonds together with all ac- crued interest thereon to date of de- livery; and
 Whereas, It is the duty of said council under the law, to issue, said bonds for the purpose aforesaid, and to cause them to be delivered to said purchaser; Now, Therefore, in consid- eration of the premises,
 Be it ordained by the town of Flag staff, Arizona, and the Mayor and Common Council thereof, as follows:
 Section l. That for the purpose of raising funds with which to purchase the existing sewer system of said town and make enlargements and ex- tensions thereof in and for said town, said sewer system and enlargements and extensions thereof to be owned and controlled by said town, there shall be and are hereby authorized, ordered and directed to be issued, ex- ecuted and delivered to the lawful purchasers thereof, as set forth in the preamble hereof, the negotiable coup on sewer bonds of said town in the aggregate principal sum of $60,000; said bonds shall be executed ad de- livered in the form and be dated, numbered and of the denomination and maturities as provided in Ordin- ance No. 199 of said town, passed and approved on the 18th day of March. A. D. 1917.
 Section 2. That each of the bonds hereby authorized shall be signed by the mayor and attested by the town clerk and sealed with the corporate seal of said town, which seal shall be impressed thereon; that each of the interest coupons to be attached to each of said bonds shall be executed by the engraved facsimile signatures of said mayor and town clerk, and the officers in this paragraph mentioned are hereby authorized, ordered and directed to cause said bonds and coup ons to be prepared substantially in the forms, respectively, hereinabove set forth and to execute the same for and on behalf of said town, as and in the manner aforesaid; and after their execution and before said bonds are delivered to the purchasers thereof. they shall be entered of record in the proceedings of the town council of said town and the certificate of such recording shall be endorsed by the town clerk, on the back of each of said bonds.
 Section 8. That the interest falling due on said $60,000 sewer bonds on the first day of July, A. D. 1917, be and the same is hereby appropriated and ordered paid out of the general or expense fund of said town and for the purpose of providing the neces- sary funds to reimburse said general or expense fund and to pay the inter est accruing on said bonds subsequent to July 1st, A. D. 1917, promptly when and as the same falls due and to constitute and maintain a sinking fund sufficient to discharge the prin- cipal thereof at maturity, there shall be and by this ordinance there is here