The Coconino sun., 1917-04-20
COUNCIL MINUTES OF MEETING APRIL lSTH, 1917

passed and approved January 23rd, A. D. 1917, special bond election was duly called on Monday, the 26th day of February, A. D. 1917, on the ques- tion of mourning an indebtedness in excess of four per centum of the value of the taxable property in said town as shown by the last previous assess ment for state, county and town pur- , poses; and,
 Whereas; The returns of said spe- cial election have been made to and duly canvassed by the council and the result thereof duly certified to, and which certificate has been duly filed in the office of the county recorder of Coconino county, in the form and manner required by sections 5270 and 5271 of Revised Statutes of Arizona, 1913; and an ordinance of the council has been heretofore passed declaring the result and validity of said election in and by which said certificate and said ordinance it is declared that the common council of said town has been authorized by majority of the prop erty taxpayers who, in all other re- spects are qualified electors of said town, voting at an election held in said town for that purpose, voted in favor of the creation of an indebted ness in excess of four per centum of the value of the taxable property of said town as ascertained by the last proceeding (1916) assessment for state, county and town purposes and the issuance of bonds in the amount of s60,000 for the purpose of pur- chasing the existing sewer system of said town and constructing enlarge ments and extensions thereof.
 Now, Therefore, By reason of the Premises.
 Be it ordained by the town of Flag staff, Coconino County, Arizona, and the Mayor and Common Council, as follows:
 Section 1. That public notice is hereby given that the common council of the town of Flagstaff, Coconino county, Arizona, has been authorized to order and does hereby order and direct the sale of the following de- scribed bonds of said town, to-wit:
 Sewer bonds in the aggregate prin- cipal sum of $60,000, comprised of 60 bonds numbered consecutively from 1 to 60 inclusive, of the denomination of $1,000 each, dated January fst, A. D. 1917, absolutely due and payable in numerical order in equal annual amounts of s6,000 each on January 1st in each of the years A. D. 1928 to 1887 inclusive, and bearing interest at the rate of five and one-haf (5h) per centum per annum, payable semi annually;
 for the purpose of raising funds with which to purchase the existing sewer system of said town and make en- Engagements thereof, and said sewers to be owned and controlled by said town.
 Section 2. That sealed proposals will be received by said council for the purchase of said bonds on Mon day, the 18th day of April, A. D. 1917, at the hour of 8 o'clock P. N. at the council chambers in the town hall of said town and that at said time and place meeting of said council be held, at which said council will open all sealed proposals received by them and award the purchase of said bonds to the highest and best responsible bidder. All bids or pro- posals received for the purchase of said bonds, must be accompanied by an unconditional certified check drawn on a National Bank in the sum of $S,000, payable to the town treasurer of said town, which certified check so deposited by the successful bidder shall be retained by said council and be forfeited ;n the event the bidder shall not carry out the terms of the contract for the purchase of said bonds. Said bonds shall be ready for delivery on the day, date and hour of said sale and all bids must be uncondi- tional and the bidder be prepared to complete the payment of said bonds upon the day of the delivery thereof. The said council, however, reserves the right to reject and and all bids.
 Section 8. That this ordinance and order shall be published for at least four consecutive weeks, to-wit: five consecutive weekly issues before the date of the said sale, in "The Coco nino Sun," the official newspaper of said town, and shall have as the cap- tion therefor tbe following:
 Notice and order for the issue and