The copper era and Morenci leader., 1917-03-02

TOWN OF CLIFTON, ARIZONA
 OF THE BONDS OF THE TOWN
 IN THE AGGREGATE AMOUNT
 OF ONE HUNDRED AND SIXTY
 THOUSAND DOLLARS ($1e0,ooO)
 FOR THE PURPOSE OF ACQUIR-
 ING FUNDS FOR THE CONSTRUc
 TON AND RECONSTRUCTION OF
 RIVER WALLS, THE CONSTRUC
 TON OF BRIDGES AND THE CON
 TON OF ROADS AND HIGHWAYS
 IN SAID TOWN, PRESCRIBING
 THE FORM OF SAID BONDS AND
 PROVIDING FOR THE LEVY AND COLLECTION OF A TAX TO PAY
 THE INTEREST ON SAID BONDS
 AS THE SAME BECOMES DUE
 AND TO REDEEM THE SAID
 BONDS WHEN THE SAME SHALL
 NATURE:
 Whereas, by order passed and adopt ed by this Council at regular con- tinued session held in the Town of Clifton, Arizona, at the Town Hall on the 11th day of December, 1916, a spe- cial election by the property taxpayers, who in all other respects were to be qualified electors of such Town, was called to be held on Monday, the 18th day of January, 1917, at the Town Hall, for the purpose of determining whether the Town Council of the Town of Clifton should be author ized to create an indebtedness on be- half of the Town and upon the cred it thereof, by issuing the bonds of the Town in the aggregate amount of One Hundred and Sixty Thousand Dollars ($160,000 .00) for the purpose of ac- quiring funds for the construction and reconstruction of river walls, the con- struction of bridges and the construc- tion and reconstruction of roads and highways in said Town:
 WHEREAS, The proper order call ing such election was published and posted as required by law to give law ful notice of such election; that is to say said order and resolution was pub lished in the Copper Era news paper designated by this Council and being a newspaper of general circula- tion in the Town of Clifton, for at least 30 days prior to the holding of such election, and said order and re- solution was posted in five public places in said Town for at least 12 days prior to the day of election and one copy posted at the polling place at least twelve days before the date of said election: and
 
 Chapter II of Title 52 of the Revised Statutes of Arizona, 1913, Civil Code, and the general election laws of the State of Arizona and said notice, re- solution and order, the election was duly, in due time, form and manner held, and that on the first Monday sac ceeding the 18th day thereafter at 8 o'clock P. M. the returns of the said election having been made to the said Town Council, the said Town Council met, there being present majority Of the members of said Council, and .canvassed said returns, and it then and there appearing that majority of the votes cast at said election con- tained the words For the Bonds" and were in favor of issuing said bonds, the said Council caused an entry of the fact to be made upon the minutes;
 WHEREAS, The said Town Coun- .ci1 has filed and recorded in the of flee of the County Recorder of Green lee County, State of Arizona, a certi- ficate showing the object of said cleo tion, the total number of votes cast at said election, the total number of votes cast in favor of the creation of such indebtedness and the number of votes cast against the creation of such indebtedness and further statement that the Cr0dIlOn or SUCH 1nu6UI6uu0SS is authorized;
 NOW THEREFORE BE IT RE- SOLVED AND ORDERED, And it is hereby resolved and ordered by the Town Council of the Town of Clifton, Arizona:
 l. That for the purpose of acquir- ing funds for the construction and re- construction of river walls, the con- struction of bridges and the construc- tion and reconstruction of roads and highways in said Town, there are here by authorized to be issued the nego- tiable coupon bonds Of the Town in the aggregate amount Of One Hundred and Sixty Thousand Dollars ($160,- GOO .oO). That said issue shall con- sist of 16O bonds, numbered consecu- lively from 1 to 160 Gnclusive), pay able in gold coin of the United States of America, of or equal to the present standard of weight and fineness, bear ing date and bearing interest from and after the First day of February, 1917. at the rate of per cent per annurn payable in like medium, semi annually on the First day of February and the First day of August in each year, and said bonds shall mature Serially sS090 co. consisting of s bonds in the denomination of 5000. % each, Februarv 1st. 1918, and $S000. .00, be- ing bonds in the denomination of 5000 co each in consecutive order, on February 1st, of each year there after to and including the year 1895. provided, however, that in the year 1886, 16 of said bonds in the denomina- tion of 5000 % each in consecutive order shall mature upon the First day of February thereof. The interest on said bonds shall be evidenced by cou- pons, each representing one-half years payment on the bond to which it is attached and both the principal of and the interest on said bonds shall be payable at the office of the Town Treasurer of the Town of Clifton, or at the First National Bank of Clifton, Arizona, at the option of the holder.