Arizona republican., 1918-10-09

AN ORDINANCE DIRECTING THE
 PREPARATION OF BONDS OF
 THE CITY OF PHOENIX TO THE
 AMOUNT OF s100.000.0O AS ALL
 THORIZED BY ORDINANCE NO. |
 2S0, AND AS APPROVED AT THE
 SPECIAL ELECTION HELD ON
 THE 9TH DAY OF AUGUST, 1918, OF SAID BONDS.
 WHEREAS, under Ordinance No. 2SO, providing for the issuance of bonds of the City of Phoenix, in the aggre- gate amount of One Hundred Thousand (Sl00,0OO) 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-wit: 1 August 9th, 1918, at which said election a majority of the property taxpayers ot 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 to 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 s1OO00O of the ie- nomination of Five Hundred (s5000OI Dollars each, to be numbered consecu- lively from one CD to two hundred (2OO 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 of five and one half (51a) per centum per annum, payable mi-annually on the first days of January and July respect l: 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 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 oi Arizona, or at such place as may he
 agreed upon by and between the May
 or and the purchaser or purchasers ct , said bonds. the place of payment l thereof, if so agreed upon. to be men, y tioned in said bonds.
 . The form of said bonds shall be suh. f stantially as follows:
 . ADDITIONAL WATER WORKS BONT
 of the
 CITY OF PHOENIX.
 S500oO No. The City of Phoenix. State of Ari ! Zona, for value received, promises t = pay to bearer the sum of Five Hundret
 ($500.0O Dollars in gold coin of tn > United States of America, of the pres - ent standard of weight and fineness, ol ', the first day of July, 1888, with interes f 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 ore ~ sentation and surrender of the an Q neXed coupons as they severally ma 5 ture, both principal and interest bein O payable at the office of the City Treas = urer in the said City of Phoenix, Mari
 copa County, State of Arizona, 10 l Il1a ha o = This bond is one of a series of tw hundred (200) bonds of like tenure an q denomination, numbered from 1 to 20 c inclusive, issued under and by virtue c = the provisions of the constitution an 0 laws of the State of Arizona and par 's ticularly of the provisions of Para ,t graph 5266 to 5281, inclusive, and Par Il agraph 52S3 of Chapter II, Title 52, Re l. vised Statutes of Arizona, 1913. and o !. an ordinance of the City Commission c 3. the City of Phoenix, duly passed, ap q 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, q at which election a majority of tn = property taxpayers of said City, wh
 were in all other respects qIalifie ~ electors of said City, voting Ut sai
 election, voted affirmatively for tn a issue hereof.
 sf It is hereby certified that every re if quirement of law as related to the is . 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 f. to be signed by it's Mayor and attesta If 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.
 Ir |, II Mayo