The copper era and Morenci leader., 1917-02-16

ING THE ISSUANCE AND SALE
 BY THE TOWN COUNCIL OF THE TOWN OF CLIFTON, ARIZONA oFTHE-BONDS OF THE TOWN IN THE AGGREGATE AMOUNT
 OF ONE HUNDRED AND SIXTY THOUSAND DOLLARS ($16oooo)
 FOR THE PURPOSE OF AcQUIR- LING FUNDS FOR THE CoNSTRUc
 TON AND RECONSTRUCTION OF
 RIVER WALLS, THE coNsTRUc TON OF BRIDGES AND THE CON TON OF ROADS AND HIGHWAYS LIN 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 a regular con tinued session held in the Town of Clifton, Arizona, at the Town Hall on the 11th day of December, 1916, 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" a news paper designated by this Council and being newspaper of general circula- ton 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 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 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 O votes cast in favor of the creation o1 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 TT RE SOLVED AND ORDERED, And it i: hereby resolved and ordered by tht Town Council of the Town of Clifton Arizona:
 1. 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 ton and reconstruction of roads an( highways in said Town, there are here by authorized to be issued the nego tiable coupon bonds of the Town il the aggregate amount of One Hundred and Sixty Thousand Dollars (S160, 900. 0O) That said issue shall con sist of 160 bonds, numbered consecu lively fror' 1 to 160 Gnclusive), 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 pel annum, payable in like medium, semi annually on the First day of Februar! anu IHS FlTSL udy Ol August SdSl year, and said bonds shall mature serially sS0O0 co, consisting of bond in the denomination of 5000 % each February 1st, 1918, and SS000 .00, be ing bonds in the denomination o 5000 10 each in consecutive order on February 1st, of each year there after to and including the year 1885 provided, however, that in the yea 1886, 1G of said bonds in the denomina tion of $1O0O. % each in consecutive order shall mature upon the First day of February thereof. The interest or said bonds shall be evidenced by cou pons, each representing one-half year' payment on the bond to which it il attached and both the principal of ant the interest on said bonds shall b' payable at the office of the Tow Treasurer of the Town of Clifton, O
 L: l. -.EC EAa.,