Arizona republican., 1918-10-10

AN ORDINANCE DIRECTING THE PREPARATION or BONDS OF THE CITY OF PHOENIX TO THE AMOUNT OF S1OOOOOOO AS ALL THORIZED BY ORDINANCE NO. -30, 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. -3n. providing for the issuance of bonds or the City Of Phoenix. in the aggre- gate amount of One Hundred Thousand tfloo 000) Dollars. the proceeds thereof Co be used for the purpose of acquiring additional pumping plants to supply said 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. al which said election a majority of the property taxpayers Of said City Of Phoenix, who in all other respects were qualified electors in sald 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 to proceed to carry out the object of sucn election.
 NOW. THEREFORE. BE IT OR- DAMNED BY THE COMMISSION OF TIE CITY OF PHOENIX. AS FOL- LOWS.
 SECTION l. That the City Mana ger Is hereby directed tO have prepared bonds of the City of Phoenix, County or MaEcopa, State of Arizona. in the aEEregate sum Of S10e, 100000 of the le- nomination Of Five Hundred (S500.00b Dollars each. to be numbered consecu lively from one CD to two hundred t20ol inclusive. and to bear the date of the issuance thereof which shall be che date when the same shall he executed hy the Mayor and City Clerk. Said bonds shall bear interest at the rate of I've and one-half (5la) per centum per annum. payable scmi-annually on the urst days of January and July respect Ncly or each year. They shall be made payable to bearer and coupons for the interest shall be attached to each of sad bonds SO that the same may be re moved thcrefrom without mutiating Inc bonds and each Of said bonds shall rc 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 tercst on said bonds shall be made payable in gold coin of the United states Of America Of the present standard of weight and fineness at the office of the City Treasurer of the City o' Phoenix. Maricopa County. State oi Arizona. or at such place as may nc agreed upon by and between the May or and tho purchaser or purchasers ct 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- Etsntiallv as follows:
 ADDITIONAL WATER WORKS BONI
 of the
 CITY or PHOENIX.
 g5OOO0 No.
 The City of Phoenix. State of Ari- rOua. for value received. promises tC pav Co bearer the sum C. Five Hundred tfSoN0ol Dollars in gold coin of the United States Of America, Of the pres cnt standard of weight and fineness. or tho first day of July. 1888. with interest thereon at the rate of five and hall t5ial per centum per annum, payablt semi-annuallv on tho first days of Jan uary and July of each year. upon pre- Eentation and surrender of the an neNcd coupons as they severally ma. turc. 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, to such place as may be agreed upon).
 This bond is one of a series of twI hundred t20o) bonds of like tenure ant denomination, numbered from 1 to 20 Inclusive, issued under and by virtue O the provisions Of the constitution am laws Of tho State of Arizona and par ueularly Of the provisions of Para