The copper era and Morenci leader., 1917-06-29

CHe tdHaDle property III said GreenieS County, sufficient to pay the interest on said bonds and upon the expiration of ten years from the date hereof the board of supervisors shall annually levy tax upon the taxable property in said Greenlee County sufficient to pay a proportion of the principal equal to sum produced by taking the whole amount Of said bonds outstanding and dividing it by the number of years said bonds have to run;
 And said taxes collected shall con stltute separate funds for the pay ment of the interest and the principal of said bonds respectively and shall be called respectively the Interest Fund and the Redemption Fund.-
 Said funds shall be kept for and applied solely to the purpose of the payment of the interest on said bonds and for the redemption of said bonds according to the number of their is- sue and for no other purpose whatever, until the indebtedness so contracted under this order, principal and inter- est, shall have been fully paid, satis- fled and discharged; but nothing here in contained shall be so construed to prevent said Board of Supervisors from applying any other funds that may be in the Treasury of the County and available for that purpose to the payment of the principal or interest as the same respectively mature and the levy or levies herein provided for may to that extent be diminished.
 That public notice be given of the intention of the Board of Supervisors to issue, negotiate and sell such bonds herein specified, that sealed proposals will be received by the Board of Sup ervisors for the purchase of said bonds on Monday, the 9th day of August, 1917, at the hour of 10 o'clock A. M of said day and that the Board of Sup ervisors will at such time at meeting to be held for said purpose, open all sealed proposals received by them and award the purchase of said bonds to the highest and best responsible bid der; provided, however, that none of said bonds will be sold for less amount than par with accrued inter- est.
 copy of this order shall be pub lished for at least four consecutive weeks before said sale in the Mining Journal, a newspaper designated by the Board of Supervisors being a news paper published in the Town of Cliff ton, and of general circulation there in, together with notice that sealed proposals will be received by laid Board of Supervisors for the purchase of said bonds on the day and hour named in this order which notice shall be in substantially the following form: NOTICE OF BOND ISSUE AND SALE
 Notice is hereby given that the
 Board of Supervisors of Greenlee County, Arizona, intends to issue, negotiate and sell on Monday, the 9th day of August, A. D., 1917, at the hour of ten o'clock A. M., at their of flee in Clifton. Greenlee County, Ari-
 zona, the negotiable coupon bonds of said County in the aggregate amount of Two Hundred Thousand Dollars (s2OO,0OO) for the purpose of acquiring funds for the construction of the CliftonSpringerville Road in said county.
 Said bonds will consist of two hun $1, 900 each, payable in gold coin of the United States of America, of or equal to the present standard of weight and fineness, bearing date and bearing interest from and after July l, 1917, at the rate of six per centum per annum, payable in like
 medium semi-annually on the first day of July and the first day of Jan uary in each year, both principal and interest payable at the office of the County Treasurer of Greenlee Coun- ty. in Clifton, Arizona, or at the Han over National Bank in the City of l New York, T.. $. A., at the option of the holder.
 Sealed proposals will be received | for the purchase of said bonds until 1 10 o'clock A. M., Monday, August 9th 1917. All bids or proposals must be
 accom- panied by certified check for not less than two per cent of the to- tai amount of said bid.
 The certified check so deposited by the successful bidder shall be retained l by the Board of Supervisors and shall l be forfeited in the event that such bidder shall not carry out the terms of the contract provided herein to be
 entered into.-
 As the bonds will be ready for de