The Coconino sun., 1917-04-06
ORDNANCE NO. 199

ORDINANCE NO. 199
 An Ordinance Providing for the form
 of Sixty Thousand Dollars ($60,-
 000) Sewer Bonds authorized to be
 issued by the special election held
 February 26th, A. D. 1917, and
 ordered and directed to be sold by
 Ordinance No. 19S of said town;
 and declaring an emergency.
 Whereas, In accordance with Ordi- nance No. 196 of the town of Flag staff, Arizona, passed and approved January 23rd, A. D. 1917, special bond election was duly called and held on Monday, February 26th, A. D. 1917, on the question of mourning an indebtedness and issuing bonds in the aggregate principal sum of Sixty thousand dollars ($60,OOO), for the purpose of purchasing the existing sewer system and constructing en- largements and extensions thereof, in said town, said sewers to be owned and controlled by said town; and
 Whereas, The returns of said spe- cial election have heretofore been made to this council and same duly canvassed and a certificate showing the result of said election duly ex- ecuted and filed in the office of the recorder of Coconino county in the manner and form required by Sec tions 5270 and 5271, Revised Statutes of Arizona, 1913, whereby it appears that majority of the taxpayers of said town, who in all other respects are duly qualified electors thereof, present and voting at said special election, voted in favor of the crea- ton of said indebtedness and the is- suance of said bonds; and
 Whereas, By Ordinance No. 198 of said town, passed and approved on the 18th day of March, A. D. 1917, this council has ordered and directed the sale of said $6O,O0O sewer bonds and it is now the duty of this council to provide the form of said bonds and the coupons to be thereto attached, as required by Section 52S1, Revised Statutes of Arizona, 1913; Now, Therefore, by Reason of the Prem ises:
 Be it ordained by the Town of Flagstaff, Coconino County, Arizona, and the Mayor and Common Council thereof, as follows:
 Section 1. That for the purpose of raising funds for the purchase of the existing sewer system of the town of Flagstaff, Coconino county, Ari- zona, and the construction of enlarge ments and extensions thereof, the said sewers to be owned and controlled by said town, there shall be and there are hereby authorized, ordered and directed to be issued and delivered to the purchasers thereof, pursuant to the order and notice of sale hereto fore published, as provided in Ordin- ance No. 19S of said town, the nego- tiable coupon bonds of said town, to an amount aggregating the principal sum of Sixty thousand dollars (S60,- 000), which bonds shall be known and designated as Sewer Bonds" comprised of sixty (60) bonds, num- bered from to 60, inclsive, of the denomination of S1,000 each, dated January 1st, A. D. 1917, bearing in- terest at the rate of five and one-half per centum (5Af6) per annum, pay able semi-annually, on the first day of January and July in each year, and which said bonds shall mature and be due and payable as follows:
 No. of Bonds: Date of Maturity 1 to 6, inclusive, January 1, 1928 to 12, inclusive, January l, 1929 l3 to Is, inclusive, January 1, 1880 19 to "A, inclusive, January 1, 1881 70 to oU, lncluslVe, January l, 1852 31 to 36, inclusive, January l, 1888 37 to 42, inclusive, January l, 1884 43 to AS, inclusive, January 1, 1885 49 to 54, inclusive, January 1, 1886 55 to 60, inclusive, January l, 1887
 That the interest on said bonds shall be evidenced by appropriate coupons to be attached to each bond; and both the interest accruing on and principal of said bonds shall be pay able in gold coin of the United States of America of or equal to the present standard of weight and fineness, at the National Bank of Commerce, in the city and state of New York, U. S. A.
 Section 2. That each of said bonds and each of the interest coupons to be thereto attached, shall be in sub stantially the following forms, re- spectively, to-wit: