The Coconino sun., 1917-04-13

paid at the rate of five and one-half per centum per annum, payable semi annually on the first days of January and July, respectively, in each year, as evidenced by and upon the pres entation and surrender of the interest coupons hereto attached as they severally become due; and both the said principal and interest are hereby made payable 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.
 This bond is issued by said town to raise funds for the purpose of pur- chasing the existing sewer system of said town and the construction of en- Engagements and extensions thereof, in and for said town, said sewers to be owned and controlled by said town, pursuant to the vote of a majority of the property taxpayers of said town, who in all other respects are qualified electors thereof, present and voting at an elction duly called and held for that purpose, prior to the issuance of this bond; and under, by virtue of, and in all respects ;n full and strict compliance with the constitution and Chapter II of Title 52, Revised Statutes of Arizona, 1913, all laws amendatory thereof and supplement ary thereto, and an ordinance of the council of said town duly adopted prior to the issuance of this bond.
 And it is hereby certified, recited and warrants that said town has been for some years past and is now a body polite and corporate, with the gene ral powers of a corporation, duly organized, existing and operating as town under and by virtue of the constitution of the general laws of Arizona; and is now and always has been under the control of a duly organized town council as the duly constituted corporate authority there of; that all things, acts and condi- tions required by the constitution and laws of the state of Arizona to exist and to happen and be done and per formed precedent to and in the issu- ance of this bond, in order to consti- ute the same the valid and binding obligation of said town, do exist and have happened and been done and performed in regular and due form and time; that the total indebtedness of said town, including this bond, does not exceed any constitutional or statutory limitation; and that due provision has been made for the levy, assessment and collection of a direct annual ad valorum tax on all of the taxable property of said town, in ad- dition to all other taxes, to create a fund sufficient to pay the interest ac- cruing upon this bond promptly when and as the same becomes due and to establish sinking fund with which to discharge the principal hereof at maturity.
 The faith, credit and all of the taxable property of said town are hereby irrevocably pledged for the punctual payment of the interest and redemption of the principal of this bond, respectively, as the same be- come due and are payable as afore- said.
 In Testimony Whereof, The town of Flagstaff, of Coconino county, Ari- zona, by its council, has caused this bond to be signed by the mayor and town clerk of said town, sealed with the corporate seal of said town, and recorded by said clerk; and each of the said attached interest coupons to be signed with the engraved facsimile of said mayor and town clerk, the first day of January, A. D. 1917. ..
 Mayor of the Town of Flagstaff, Coconino County, Arizona.
 Attest, (Seal)
 Town Clerk of the town of Flag staff, Coconino County, Arizona.
 (Form of Coupon)
 No....... s27.50 On January 1st, A. D. 19.
 July 1st,
 The town of Flagstaff, of Coconino county, Arizona, for value received, promises to pay to the bearer hereof the sum of Twenty-seven and 50-100 dollars in gold coin of the United States of America of or equal to the present standard of weight and fine ness, at the National Bank of Con- merce, in the city and state of New York, U. s. A., being six months in terest than due on it's sewer bond, dated January 1st, A. D. 1917,