The Holbrook news., 1918-04-26
NOTICE AND ORDER FOR THE ISSUE AND SALE OFI
 $25,0OOOOO SCHOOL BONDS OF SCHOOL DISTRICT NO. FIVE @ OF NAVAJO COUNTY, STATE OF ARIZONA.


 WHEREAS, in accordance with an order of the Board of Supervisors of Navajo County State of Arizona ed of record the 9th day February 1918 School Bond Election duly called directed Saturday the 23rd day of March, A. D. 1918 which the following ques lons submitted to the property tax who all other respects qualified electors of said School District Mo- (5) of Navajo County, State of Arizona:
 Shall School District No Five (5) of Navajo County
 State of Arizona, be authorized to borrow the
 Twenty-Five Thousand ($25,0000O) Dollars and
 and sell it's bonds in said aggregate principal of
 Twenty-Five Thousand ($25OOOO0) Dollars for the pul-
 pose of erecting schoohouse for said School District
 No. Five 5), and for furnishing said schoohouse said
 bonds to consist of Twenty-Five (25) bonds, to be
 bered from One CD Twenty-Five (25) inclusive all of
 which bonds to be of the denomination of One Thousand
 ($1OOOOO) Dollars each and to be redeemable Forty
 (4O) years the date issue bearing interest at
 the rate of six G )per cent. per payable
 nuay but reservng to said School District No. Five
 (5) Navajo County Arizona right redeem said
 bonds at time after Ten (10) years from the date
 of issue" and
 WHEREAS the the said School Bond Election been made and duly by the Board of Super of the said County of Navajo State of Arizona the been duly filed and recorded in the office of the County of Navajo County Arizona in Volume 2 page sea- Miscellaneous Instruments required by Sections 5O 52 of the Revised Statutes of Arizona 913 the said Supervisors has heretofore adopted resolution declaring suit and validity of said eecon and that said Board of Super of said County of Navajo State of Arizona having been duly authorized and empowered majority property payers in said School District Mo- Five @ of Navajo County Arizona who all other respects qualified electors said School District Mo- Five ) of Navajo County Arizona voting said election held School District 5) County Arizona the Twenty-Five Thousand $25OOOOO Dollars the and sale of the bonds of said School District Mo- Five @ the said of Twenty-Five Thousand ($25OOOOO) Dollars said being less than centum the value of the taxable property in said District Five the dng State and County purposes the of erecting schoohouse for said School District Mo- Five @ and for furnishing said schoohouse.
 NOW THEREFORE, by of the premises it is ordered by the Board of Supervisors of the County of Navajo State Arizona, follows:
 SECTION That public hereby given the Board of Supervisors of Navajo County State of Arizona has been authorized order and does hereby order and direct the sale the following described bonds of said School District Five @ Navajo County Arizona toit aggregate prn- cipa sum Twenty-Five Thousand (S25OOOOO Dollars com prised of Twenty-Five 25) bond numbered from One CD to Twenty-Five 2 inclusive each bond be of the denomination One Thousand 100000 Dollars said bonds to be issued and dated the 18th of May A. 1918 absolutely redeemabe Forty O) from their da bearing interest the () cent payable semannuay the 18th day of May and the 18th of November ot each but the said School District Mo- Five 0 of Navajo County Arizona the right to redeem said bonds time after ten years from the date of issue;
 SECTION 2-That proposals will received by said Board of Supervisors of said County of Navajo State of Arizona for the purchase of said bonds 18th of the hour of 200 o'clock P the office of Supervisors of Navajo County Azona in the Courthouse at Ho brook the County Navajo State of Arizona and at said time and place meeting of said Board of Supervisors will be hed which meeting said Board of Supervisors will open sealed highest and best responsible bidder All bids proposas received purchase said bonds accompanied tional certified check drawn National Bank in the of $5OOO0 payable to the Treasurer of Navajo County Arizona which certified check deposited by the successful bidder shall retained by the Board of Supervisors and forfeited the event the bidder shall the terms of the contract for the chase of said bonds All checks other than received from the successful bidders shall be forthwith returned after said sale bid will be accepted for less than accrued interest The Board of Supervisors the right reject and all bids
 SECTION 3That this order shall be published for at least
 consecutive weekly issues before the date of said sale in the Hobrook News the official newspaper of Navajo County Ar zona and shall have the caption therefor the folowng
 Notice and order for the issue and sale of Twenty-Five Thousand $25 OOOOO Dollars school bonds of School District Mo- Five of Navajo County, Arizona"
 By order of the Board of Supervisors of Navajo County Ar zone made this 9th day of April, A. D. 1918.
 R. c. CRESWELL
 Chairman Board of Supervisors Navajo County Arizona ATTEST: p