Arizona republican., 1918-10-16

AN ORDINANCE DIRECTING THE |
 PREPARATION OF BONDS OF |
 THE CITY OF PHOENIX TO THE |
 AMOUNT OF s100,00000 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 NlO0,0OO Dollars, the proceeds thereof to be used for the purpose of acquiring additional pumping plants to supply sad 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 said City, voting at said election, voted in 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 Com mission of the said City of Phoenix 10 proceed to carry out the object of such 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 s10e, 10000 of the 1e- nomination of Five Hundred (s500.00) Dollars each. to be numbered consecu- lively from one CD to two hundred (20O) inclusive. and to bear the date of the issuance thereof which shall be che date when the same shall be executed by the Mayor and City Clerk. Said bonds shall bear interest at the rate or five and one half (5h) 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 mutilatihg 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 l 0f 1f 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 he agreed upon by and between the May or and the purchaser or purchasers of said bonds,. the place of payment thereof, if so agreed upon. to be men, tioned in said bonds.
 The form of said bonds shall be suh- stantially as follows:
 ADDITIONAL WATER WORKS BOND of the
 CITY OF PHOENIX.
 s50o.oo No. - The City of Phoenix, State of Ari- zona, for value received, promises to pay to bearer the sum C. Five Hundred H500.00) Dollars in gold coin of the United States of America, of the pres ent standard of weight and fineness. on the first day of July. 1888. with interest thereon at the rate of five and one- half
 (5h) per centum per annum, payable 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 seyerally 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 l to 200 inclusive. issued under and by virtue oi the provisions of the constitution ano 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. 1918, and ot
 an ordinance of the City Commission ot
 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 witt
 the provisions of said Constitution an( of said laws. and also of said ordinance at which election a majority of th, :, property taxpayers of said City. wht were in all other respects qualified electors of said City, voting ;lt sait election, voted affirmatively for tn,
 issue hereof
 It is hereby certified that every re quirement of law as related to the is lsue hereof has been duly compiled witt