The Holbrook news., 1918-08-16

A RESOLUTION AND ORDER OF THE BOARD OF SUPER
 VISORS OF NAVAJO COUNTY, ARIZONA, AUTHORIZING
 THE ISSUANCE SALE AND DELIVERY OF $5,5000O
 SCHOOL BONDS OF SCHOOL DISTRICT NO. 16e OF SAID
 COUNTY; PROVIDING FOR THE LEVY OF A DIRECT AID
 VALOREM TAX UPON ALL THE TAXABLE PROPERTY
 IN SAID SCHOOL DISTRICT, IN ADDITION TO ALL
 OTHER TAXES, SUFFICIENT TO PAY THE INTEREST
 ACCRUING UPON SAID BONDS PROMPTLY WHEN AND
 AS THE SAME BECOMES DUE, AND TO PROVIDE 4
 FUND TO DISCHARGE THE PRINCIPAL OF SAID BONDS
 AT MATURITY THEREOF; APPEALING ALL RESOLU-
 TIoNS, ORDERS AND PROCEEDINGS OF SAID BOARD IN
 CONFLICT HEREWITH, AND DECLARING AN ENER-
 GENCY.
 WHEREAS, heretofore the 9th day of May, A. D. 1918 lawful meeting of the Board of Supervisors Navajo County Arizona pursuance sae said board publicly opened the bids received for $OOO county under advemen until the 18th day of May A. D. 91S
 WHEREAS ON SAID 18th day of May A. D. 1918 at meeting Board Supervisors of said county the bid of Kelly Kelly being highest bonds at of the value thereof together with all accrued interest thereon to date of delivery was accepted and by rsouton adopted said 18th of May the board declared in that bids received said 9th day of May and the board the time of adopting said resolution had in mind the bonds of another School District of said county, and
 WHEREAS, duty of issue and liver said bonds to Kelly Kelly the lawful purchasers aforesaid Now, Therefore by of the Premises,
 BE IT RESOLVED AND ORDERED BY THE BOARD OF SUPERVISORS OF NAVAJO COUNTY, ARIZONA, follows
 Section That the sale and award of $55OOOO School District Mo- 1O of Navajo County Arizona, hereinafter particularly described to Kelly Kelly the highest and best bid der therefor at exceeding the value thereof together with all accrued interest hereon be and the hereby fled, approved and confirmed.
 hereby certified determined and de- cared that the resolution of this board adopted the 18th day May A. D. 1918, wherein declared that bonds received the 9th day of May A. D. 198 and that the said bid of Kelly Kelly said mentioned date and accepted the 18th day of May A. 1918
 issued delivered to the purchasers aforesaid the following bonds namely
 Showlow School bonds 1918 10 Navajo county Arizona in the aggregate principal EEO00 bonds numbered to inclusive of the denomination $100O00 eachS and bond number of the $5OOOO dated May 6h A. D. 198 absolutely payable May 6h D. 1958 but redeemabe at the option of said District 30 days prior notice any May 6t A. D. 1928 bearing interest from their paid rate SIX per centn per annum payable semannuay the 9th days of May and November respectively cpa thereof and interest thereon payable gold the United States to- the present standard of weight and neness at the office of the County Navajo County Arizona, the Bankers Company New York City, New York; at the option holder
 Section That each of said signed by the chairman and clerk of the Trustees of said School District No by the chairman of the Board of Supervisors of Navajo County with the pate seal of said county which seal shall be impressed thereon and each of the attached be signed by the engraved facsimile signatures officers and said bonds when executed aforesaid shall be delivered Kelly Kelly the lawful purchasers thereof upon payment being made into the county treasury agreed chase price, and the proceeds from the bonds shall be placed to the credit of the building school dis
 c and be drawn out for the aforesaid other moneys are drawn out.
 Section D. That the interest falling on said bonds on November 6th A. D. 1918 and May 6th 1919 and the is hereby ordered paid building fund of said school district out of other funds the available the and provide funds to reimburse said fund fund for the borrowed and order to pay the interest said bonds promptly the and also maintain sinking fund sufficient for the discharge of the principal bonds at maturity there shall be hereby levied upon all the taxable property of said addition to all other taxes the following annual ad vaorem tax ot
 In the 1918 tax sufficient produce the net sum of $8OO3 being S66OOO for interest and $4O3 principal
 In each of the 1956 both inclusive tax suf fcient to produce the in each $3300O for interest and $141.O3 principal
 as is levied for interest shall when