The Holbrook news., 1918-08-16

of said bonds at price in of the value thereof to- geher interest thereon to date of delivery and
 WHEREAS the duty of this board to issue and de
 said bonds Kelly Kelly the lawful purchasers afore said,
 Now, Therefore, by reason of the Premises;
 BE TT RESOLVED AND ORDERED BY THE BOARD OF SUPERVISORS OF NAVAJO COUNTY, ARIZONA as follows;
 Section l. That the sale $25OOOO0 bonds of School of Navajo County Arizona hereinafter par tcuary described Kelly Kelly the highest and best bidders therefor price exceeding the value thereof together accrued interest thereon be and the same is hereby ra fled approved and confirmed
 Section there shall be sued executed and delivered to the purchasers aforesaid the following bonds, namely:
 Snowflake School of 91s of School District Mo- 5, Navajo County Arizona the aggregate principal amount of OO00O consisting of twenty-five (25) bonds numbered to 25 both inclusive denomination of $OO0OO each dated May 18th A. D. 1918, absolutely due and payable May loC
 D. 1958 redeemabe at the option of said school district on days prior time after May 18th, A. b. l9zS bearing their date until paid at the rate of six per cenum per annum payable seannuay the 18th days o
 May November respectively in each year, both principal
 thereof payable gold coin of the United States equal the present standard of weight and neness at the office of the County Treasurer ot Navo County Arizona or Trust Company New York City, New York, at the option ot the holder
 Section g. That said bonds shall be signed by the chairman Board of School Trustees of said School and aested by the chairman of the Board o S pervsors of Navajo County sealed with the corporate seal o said county seal shall be impressed thereo and each o attached to said bonds shall be signed by the en- gaved facsimile signatures of said officers and said bonds in the aforesaid shall be delivered Kelly Kelly the lawful purchasers thereof upon being the of the agreed p chase price, proceeds from the sale of said bonds shall be placed the building fund of said school district drawn for the aforesaid as other school o eys are drawn out.
 Section A. That the falling said bonds No veber 1Sth 918 and May 18th A. D. 1919 shall be and the hereby paid out of the building fund of said district out of other funds i'll the district available purpose and order to provide the necessary funds to  pay the interest said bonds promptly when and as he same acces and also to constitute maintain sinking
 find sufficient discharge the principal of said bonds maturity shall be and there hereby levied upon all of the property of said school district in addition to all taxes the following direct annual ad vaorem tax to1t
 the year 918 tax sufficient to produce the net sum of being 00000 for interest and $64lO3 for pr1npa
 of the years 1919 to 1856 both inclusive tax su icient produce the of in each being S1 800 % for interest and $641.03 for principal
 And so much levied for interest ha when collected paid called the Interest Fund Navajo County Arizona School District No 5Bonds dated May 18t 198 and much of said tax is levied for principal shall when collected paid fund be known Redemption Fund Navajo County Arizona School District 5Bonds dated May 18th, A. D. 1918 and must be used of principal and interest said bonds and for pupose provided however, that in the event of redeemed prior the date of their maturity the eve herein provided for interest shall be therepon and to that extent be diminished The Board of Supervisors h fa carry hereof relative said tax evies by in cudng provided the general tax levy for school purposes made in each of said years.
 Section D. That the 1st day of November A. D. 1918, the st days of May and November respectively in each thereafter long of the interest coupons apper ing hereby authorized be issued remain oustand unpaid the treasurer of said county shall and he IS authorized ordered and directed remit by and through said bonds and in the form of New York draft Bankers Trust Company the city and state of New York; U S. A. sufficient to the interest accrung on 18th days of May and November respectively
 each and and all charges made by said bank handling said coupons and the 1s day of May in the the said county treasurer shall be and hereby a
  said bonds and in the hrenabove mentioned out of the sinking fund created under of this resolution to remit by New York draft to the said Bankers Trust Company in New York, U S. A. sufficient pay the principal amount of said bonds matur ing May 18th in the 958 together with all interest accrued thereon and and all charges made by said bank for handling the