The Holbrook news., 1918-04-19
RESOLUTION
PRESCRIBING FORM OF SCHOOL BOND FOR SNOWFLAKE SCHOOL BONDS. DATED

Supervisors the County of Navajo State of Arizona duly adopted the 9th day of February A. 1918 Election duly called held Saturday March, A. D. 1918 to determine whether the property payers of School District (5 Navajo County Ar would authorize the ncurn gof indebtedness of Twenty five Thousand 1925 100000 Dollars and the bonds of said School District Five Navajo County Arizona therefore, for the purpose of erecting schoohouse said School District Mo- Five 5 and for furnishing said
 WHEREAS the School Bond Election have heretofore been made to this Board of Supervisors have been duly canvassed and ecate showing the the said election duly executed filed of the County County Arizona manner and form required by Sections 527O Revised Statutes of Aona 1915 which certificate was duly spread the minutes of the proceedings of the Board of Supervisors Navajo County Arizona at it's meeting held April 8th 191S whereby a pears that than majority of the property School District Mo- Five 5) who in all other respects quail fled electors thereof present and voting said School Bond on in of indebtedness and the sue and sale of said bonds; and
 WHEREAS, by resolution of the Supervisors of Navajo County Arizona adopted the 8h day of April A. D. 918 said Board of Supervisors of Navajo County Arizona ordered and directed the sale of Twenty-Five Thousand 2 O0000 Dollars School Bonds of said School District Five @ of Navajo County Arizona, and the duty this o Supervisors to provide the form of said bond and the to be thereto attached required by Sections the Revised Statutes of Arizona, for 1913.
 NOW THEREFORE by of the premises it is hereby ordered that for the purpose erecting scoohouse School District Mo- Five (5) of Navajo County Arizona furnishing said schoolhouse hereby authorized ordered and directed be issued delivered the purchasers thereof pursuant the order and notice of a made the 9th day of February A. 198 and duly published accord law the negotiable coupon 5) of Navajo County Arizona the aggregate principal of Twenty-Five Thousand ($25OOO0O) Dollars known and designated SNOWFLAKE SCHOOL BONDS OF 1918 comprised of Twenty-Five 25) bond numbered from One CD to Twenty-Five 25 ncusive each bond to be of the denOm naon of One Thousand OOOOO Dollars all of said bonds be issued and dated May 8 198 bearing interest the rate of @ per per payable semannuay the 18th day of May and the 18th day of November of each year, which said bonds shall mature and become payable Forty 40 their reservg said School District No Five (5 of Navajo County Arizona the right to redeem said bonds at
 
 the interest said bonds shall be evidenced by proprae coupons attached each bond and both the inter and principal of said bond shall be payable gold of the
 United States of America of equal to the present standard of weight and nenes the office of the County Treasurer at Ho brook Navajo County Arizona at the office of the Bankers Trust Company in New York City, New York; at the option of the holder
 That bonds numbered One CD Twenty-Five (25) and coupons be thereto attached shall be in substantially the following forms, respectively to-wit:
 UNITED STATES OF AMERICA,
 STATE OF ARIZONA SCHOOL DISTRICT NO FIVE
 OF NAVAJO COUNTY, ARIZONA.
 SNOWFLAKE SCHOOL BONDS OF 1918. NO ........... S1,OOOOO
 KNOW ALL MEN BY THESE PRESENTS: That School Five ) of Navajo County Arizona acknowledges it. owe value received and for value received hereby promises to to the bearer hereof ONE THOUSAND l OOOOO) DOLLARS May 18h 1958 together with interest date hereof until paid at the rate of six (6 cenun per annu payable seannua the 18th day of No vember 1918 day of May and the 18th year thereafter evidenced by and surrender of the interest hereto at severay due and both said principal and hereby payable gold coin of the United States America equal the present standard of weight and fine Navajo County at Hobroo Arizona office of the Bankers Trust Company New York City, New York at the option of the hOder
 This issued by School District Mo- Five @ of Navajo County Arizona purpose erecting schoohouse said District Mo- Five of Navajo County furnishing said school house. to majority of the property tax of said School District Five @ of Navajo County Arizona who in all other respects qualified electors thereof present and voting at said School duly called held for that purpose prior the this bond and under and by virtue of and all strict with the Constitution Chapter of Title 52 of the Revised Statutes of Arizona 913 amendatory thereof supplementary thereto
 And hereby certified recited warranted that all conditions and things required by the Constitution and the laws the State of Arizona exist and to happen be of