Arizona republican., 1918-09-21
ORDINANCE NO. 235

AN ORDINANCE DIRECTING THE | PREPARATION OF BONDS OF THE CITY OF PHOENIX TO THE | AMOUNT OF s1OO.0O000 AS AU- i THORTZED 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. -3o providing for the issuance of bonds lf the City of Phoenix. in the aggre- catc amount of One Hundred Thousand Df10o 000) Dollars, the proceeds thereof fo he 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 6th 1918. at which said election a majority Of the property taxpayers Of said City of Phoenix, who in all other respects were qualified electors in saIG City. voting at said election, voted in 'avorAof the issuance of said bonds as appears by the certificate duly made hv the said City Commission of the
 
 1918 and duly recorded in the office of the County Recorder of the County of Maricona. 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 -lection.
 NOW. THEREFORE. BE IT OR- DAMNED BY THE COMMISSION OF THE CITY OF PHOENIX, AS FOL- LOWS.
 SECTION f. That the City Mama ger is hereby directed to have prepared bonds of the City of Phoenix, County of Naricopa. State of Arizona, in the aggregate sum of s100, 100000 of the le- nomination of Five Hundred (s5O0.6OI Dollars each. to be numbered consecu- lively from one CD to two hundred t200) 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 onc-half (5lA) per centum per aunum. payable semi annually on the Trst days of January and July respect ivcly of each year. They shall be made payable to bearer and coupons for the interest shall he 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 facsimile of the sig natures of the said Mayor and City Clerk as such signatures appear on said bonds. Both the principal and in 'crest on said bonds shall be made nayahle 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 DC agreed upon by and between the May or and the purchaser or purchasers c1 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 BONI
 of the
 CITY OF PHOENIX.
 ss000O No. -
 The City of Phoenix. State of Ari. -ona. for value received, promises tC pay Co bearer the sum of Five Hundred tS5o000) Dollars in gold coin of tht United States of America. of the pres cnt standard Of weight and fineness. or the first day of July. 1888. with interes thereon at the rate of five and one-hal t5tsl per centum per annum. payabl, scmi-annually on the first days of Jan uary and July of each year. upon ore scntation and surrender of the an 1eNed coupons as they severally ma ure. both principal and interest bein: payable at the office of the City Treas urcr 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 series of tw, hundred t200) bonds of like tenure ant denomination. numbered from l to POI inclusive. issued under and by virtue o tho provisions of the constitution an, laws of the State of Arizona and par .icularly of the provisions of Para graph 5266 to 52S1. inclusive. and Par agraph 52S3 of Chapter II. Title 52, Re viscd Statutes of Arizona. 1913. and 0 an ordinance of the City Commission O the City Of Phoenix duly passed. ap proved and published. The issue here Of has been authorized at an election 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 tn property taxpayers of said City. wh were in all other respects qualifie electors of said City, voting at sa election. voted affirmatively for tn ssue hereof.
 It is hereby certified that every re 7uirement Of law as related to tle is sue hereof has been duly complied wit and that this bond and the debt create hereby is fully authorized and pre- scrihed hv law
 IN WITNESS WHEREOF. the sai City Of Phoenix has caused this bon 10 be signed by its Mayor and attesta sy it's Clerk. and the seal of said Cit Co 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