The Coconino sun., 1917-04-13

suance, advertisement and sale of
 $60,000 sewer bonds of, by and for
 the Town of Flagstaff, Arizona,
 authorized by the duly qualified
 taxpaying electors thereof at an
 election held on the 26th day of
 February, A. D. 1917; and declar-
 ing an emergency"
 Whereas, In accordance with Ordi- nance No. 196 of the town of Flag staff, Coconino county, Arizona, 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- ton 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 clerk 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 a 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 preceding (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 1st, A. D. 1917, absolutely due and payable in numerical order in equal annual amounts of $6,000 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-half (5h) per centum per annum, payable semi 
 for the purpose of raising funds with which to purchase the existing sewer system of said town and make en- largements 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 16th day of April, A. D. 1917, at the hour of o'clock P. M. 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 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 5000, 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 in 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- .ional and the bidder be prepared to complete the payment of said bonds lpon the day of the delivery thereof.