Arizona republican., 1918-09-22
ORDINANCE NO. 235


 AN ORDINANCE DIRECTING THE PREPARATION OF BONDS OF THE CITY OF PHOENIX TO THE AMOUNT OF s100.00o.oo AS AU- THORIZED BY ORDINANCE NO. 230. AND AS APPROVED AT THE SPECIAL ELECTION HELD ON THE 9TH DAY OF AUGUST, 1918, AND PROVIDING FOR THE SALE OF SAID BONDS.
 WHEREAS, under Ordinance No. 230, providing for the issuance of bonds of the City of Phoenix. in the aggre- gate amount of One Hundred Thousand (s100, ,000) Dollars, the proceeds thereof to be used for the purpose of acquiring additional pumping plants to supply said City with water. said works to be owned and controlled by said City. the | city election therein provided for was held on the date therein named, to- wit: August 9th. 1918, at which said election a majority of the property taxpayers Of said City of Phoenix, who in all other respects were qualified electors in salo City, voting at said election, voted il, favor of the issuance of said bonds as appears by the certificate duly made by the said City Commission of the said City of Phoenix on August 18th. 1918 and duly recorded in the office of the County Recorder of the County of Maricopa, State of Arizona. and
 WHEREAS, by virtue of said ordi- nance and the result of said election, as shown by said certificate, it is now made the duty of the said City Con- mission of the said City of Phoenix to proceed to carry out the object of sucn election.
 NOW, THEREFORE, BE IT OR DAMNED BY THE COMMISSION OF THE CITY OF PHOENIX, AS FOL- | LOWS:
 SECTION 1. That the City Mana ger is hereby directed to have prepared bonds of the City of Phoenix, County of Maricopa, State of Arizona, in the aggregate sum of s10O, 100000 of the ie. nomination of Five Hundred (s50000, Dollars each. to be numbered consecu- lively from one CD to two hundred (2O0) inclusive, and to bear the date of the issuance thereof which shall be the date when the same shall be executed by the Mayor and City Clerk Said bonds shall bear interest at the rate of five and one half (51a) per centum per annum, payable semi annually on the first days of January and July respect lively of each year. They shall be made payable to bearer and coupons for the interest shall be attached to each Of said bonds so that the same may be re- moved therefrom without mutilating the bonds and each of said bonds shall be signed by the Mayor and attested by the City Clerk, and each of said cou- pons shall bear a facsimile of the sig natures of the said Mayor and City Clerk as such signatures appear on said bonds. Both the principal and in = terest on said bonds shall be made payable in gold coin of the United States of America, of the present standard of weight and fineness, at the office of the City Treasurer of the City of Phoenix, Maricopa County. State of Arizona, or at such place as may be agreed upon by and between the May or and the purchaser or purchasers cf said bonds, the place of payment thereof, if so agreed upon, to be men,
 The form of said bonds shall be suh- stantially as follows:
 ADDITIONAL WATER WORKS BOND
 of the
 CITY OF PHOENIX.
 s5OO.OO No.
 The City of Phoenix, State of Arl- Zona, for value received. promises to pay to bearer the sum of Five Hundred S500.00 Dollars in gold coin of tine United States of America, of the pres ent standard of weight and fineness, on the first day of July. 1888. with interes: thereon at the rate of five and one half (5% per centum per annum, payabl, semi annually on the first days of Jan uary and July of each year. upon pre- sentation and surrender of the an nexed coupons as they severally ma ture, both principal and interest being payable at the office of the City Treas urer in the said City of Phoenix. Mari copa County, State of Arizona, for such place as may be agreed upon).
 This bond is one of series of tive hundred (200) bonds of like tenure and denomination. numbered from 1 to 200 inclusive. issued under and by virtue oi the provisions of the constitution anG laws of the State of Arizona and par ticularly of the provisions of Para graph 5266 to 52S1. inclusive, and Par agraph 52S3 of Chapter II. Title 52. Re vised Statutes of Arizona, 1913. and ot an ordinance of the City Commission ol the City of Phoenix, duly passed. ap- proved and published. The issue here of has been authorized at an election duly had and held in accordance with the provisions of said Constitution md of said laws. and also of said ordinance at which election a majority of the property taxpayers of said City, who were in all other respects qualified electors of said City. voting at said election. voted affirmatively for the issue hereof.
 It is hereby certified that every re. quirement of law as related to the is- sue hereof has been duly complied witt and that this bond and the debt created hereby is fully. authorized and pre- !scribed by law.
 IN WITNESS WHEREOF, the sait City of Phoenix has caused this bono to be signed by it's Mayor and attestst by it's Clerk. and the seal of said Cit, to be hereto attached, and the said in. 1terest coupons to be signed by the fac. simile signatures of the said Mayor and City Clerk. this - day of - 1918.