The copper era and Morenci leader., 1917-02-23

OF THE BONDS OF THE TOWN IN THE AGGREGATE AMOUNT OF ONE HUNDRED AND SIXTY THOUSAND DOLLARS ($16o,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
 SEDUCTION AND RECONSTRUC- 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 AND TO REDEEM THE SAID
 BONDS WHEN THE SAME SHALL NATURE:
 Whereas, by order passed and adopt ed by this Council at a regular con- tinued session held in the Town of Clifton, Arizona, at the Town Hall on tbo 71th day of December, 1916, a spe- cial election by the property taxpayers, who in all ether respects were to be qualified electors of such Town, was called to be held on Monday, the 18th day of Januar.s, 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,o00 .0O) 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" a news paper designated by this Council and being 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
 WHEREAS, That, pursuant to 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 sue ceeding the 12th day thereafter at 8 o'clock P. M. the returns of the said election having been made to the said TownNCouncil, the said Town Council met, there being present a 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 oi the fact to be made upon the minutes
 WHEREAS, The said Town Coun cil 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 al said election, the total number ot votes cast in favor of the creation ot such indebtedness. and the number o votes cast against the creation of sucf indebtedness and a further statement that the creation of such indebtedness is authorized;
 NOW THEREFORE BE IT RE SOLVED AND ORDERED, And it iE 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 %I,Oo -&,,11o tion and reconstruction of roads anG highways in said Town, there are here by authorized to be issued the nego tiable coupon bonds of the Town il the aggre egate amount Of One Hundred and Sixty Thousand Dollars ($160, GOO. .0O) That said issue shall con sist of 160 bonds, numbered consecu lively from 1 to 160 (inclusive), pay able in gold coin of the United State: of America, of or equal to the presen standard of weight and fineness, bear ing date and bearing interest iron and after the First day of February 1917, at the rate of 6 per cent pc annum, payable in like medium, semi annually on the First day of Februar! and the First day of August in eacl year, and said bonds shall mature seriaIiy SS000 %, consisting of 8 bond in the denomination of 5000 % each February 1st, 1918, and sS000 00, be ing g bonds in the denomination O 5000 % each in. consecutive order on February 1st, of each year there after to and including the year 193E provided, however, that in the yea 1936 16 of. said bonds in the denomina tion of $10O0 00 each in consecutiv order shall mature upon the First da, of February thereof. The interest ol said bonds shall be evidenced by cou pons, each representing one-half year payment on the bond to which it i attacNed. and both the principal of an the interest on said bonds shall b payable at the office of the Tow Treasurer of the Town of Clifton, o at the First National Bank of Clifton Arizona. at the option of the holder
 Said bonds shall be signed and al tested by the Mayor of the Town c Clifton and the Clerk of said Tow with the corporate seal of said Tow