Arizona republican., 1918-10-06
ORDINANCs NO. 235

ORDINANC3 NO. 235
 AN ORDINANCE DIRECTING THE
 PREPARATION OF BONDS OF
 THE CITY lOF PHOENIX TO THE
 AMOUNT OF S100. .000.O0 AS AU-
 THORIZED BY ORDINANCE NO.
 23O 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 t$10O,0 000) Dollars, the proceeds thereof to 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-Wlt. August 9th, 1918, at which said election majority of the property taxpayers ot said City of Phoenix, who in all other respects were qualified electors in salu City, voting at said election. voted in favor of the issuance of said bonds as appears by the certificate du.y mads by the said City Commission of the said City of Phoenix on August 19th, 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. al 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 s100.0 of the le- nomination of Five Hundred (s500.60, Dollars each, to be numbered consecu- lively from one CD to two hundred l (2O0) inclusive, and to bear the date of the issuance thereof which shall be the date when the same shall be executed by the Mayor and City Clerk. Said bonds shall bear interest at the rate Of five and one-half (514) per centum per annum, payable semi annually on the | first days of January and July respect J 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 mutilating | 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 States of America, of the present standard of weight and fineness, at the office of the City Treasurer of the City of Phoenix Maricopa County State ot Arizona, or at such place as may he agreed upon by and between the May or and the purchaser or purchasers c: said bonds, the place of payment thereof, if so agreed upon. to be men, toned in said bonds.
 The form of said bonds shall be suh- stantially as follows:
 ADDITIONAL WATER WORKS BONT
 of the
 CITY OF PHOENIX.
 s5O0.0O No.
 The City of Phoenix, State of Arl- zona, for value received, promises tc pay to bearer the sum G Five Hundred
 t$50000) Dollars in gold coin of the
 United States of America, of the pres ent standard of weight and fineness. or the first day of July. 1888, with interest thereon at the rate of five and one-hal
 (512) per centum per annum, payabl, 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 severally ma ture, both principal and interest beine payable at the office of the City Treas urer in the said City of Phoenix Mari copa County, State of Arizona, fo such place as may be agreed upon). . This bond is one of a series of tw | hundred-(200) bonds of like tenure an denomination, numbered from 1 to 20 inclusive issued under and by virtue o the provisions of the constitution an 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 J vised Statutes of Arizona. 1913 and C an ordinance of the City Commission c the City of Phoenix, duly passed, ap proved and published. The issue here of has been authorized at an electio duly had and held in accordance wit | the provisions of said Constitution m of said laws and also of said ordinanc. at which election a majority of th property taxpayers of said City. wh were in all other respects orIalifie | electors of said City, voting ;it sai I election, voted affirmatively for tn issue hereof.
 It is hereby certified that every re quirement of law as related to the i.i | sue hereof has been duly complied wit and that this bond and the debt create hereby is fully authorized and pre- | scribed by law.
 IN WITNESS WHEREOF, the sai City of Phoenix has caused this bon to be signed by it's Mayor and attesta by it's Clerk, and the seal of said Cit to be hereto attached and the said in terest coupons to be signed by the fac
 simile signatures of the said Mayo
 and City Clerk. this - day of --- 1918.
 Mayo