Arizona republican., 1918-09-25
nnDINANCE No. 2s5

ORDINANCE NO. 235
 tN ORDNANCE DIRECTING THE PREPARATION OF BONDS OF THE CITY OF PHOENIX TO THE AMOUNT OF Sl0O. 100000 AS ALL TUORGZED BY ORDINANCE NO. -go. AND AS APPROVED AT THE SPECIAL ELECTION HELD ON THE GTH DAY OF AUGUST, 1918. AND PROVIDING FOR THE SALE Or SAID BONDS.
 WHEREAS. under Ordinance No. -s0 providing for the issuance of bonds nf Tho City Of Phoenix. in the aegre- -ato amount of one Hundred Thousand fi0o 000) Dollars. the proceeds thereof .o he used for the purpose of acquiring rf1ltional pumping plants 10 supply said City with water. said works to be owned and controlled by said City, the .ify election therein provided for Was held on the date therein named, to-wit; 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 sald City. voting at said election, voted in favor of the issuance of said bonds as appears hv the certificate duly made Hr the said City Commission of the said City of Phoenix on August 18th. 1918 and duly recorded in the office Of Inc County Recorder of the County of Naricopa. State of Arizona. and
 WHEREAS. by virtue of said ordi- nance and the result of said election, IS shown by said certificate. it is now made the duty Of the said City Com mission of the said City of Phoenix 10 proceed Co 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 f. That the City Mana ger is hereby directed to have prepared Yonds of the City of Phoenix. County 1f Maricopa. State of Arizona, in the ngrrcgatc sum of s1O0. .00O.0O of the le- aomination of Five Hundred (s5O0O0, Dollars each. to be numbered consecu- lively from one G) to two hundred f-eol inclusive. and to bear the date of Tho issuance thereof which shall be the date when the same shall be executed hv the Mayor and City Clerk. Said bonds shall bear interest at the rate Of Nvc and one-half (5iA) per centum per nnnum. payable semi annually on ths first days Of January and July respect ivcly of each year. They shall be made uayahle to bearer and coupons for tho Interest shall be attached to each ot said bonds so that the same may be re- moved therefrom without mutilatinc tho bonds and each of said bonds shal he signed by the Mayor and attested bN the City Clerk. and each of said cou. nons shall bear a facsimile of the sig. natures of the said Mayor and Cit, Clerk as such signatures appear or said bonds. Both the principal and in. tcrcsf on said bonds shall be mad, payable In gold coin of the United states of America. of the presen standard of weight and fineness. at tn, office of the City Treasurer of the Citi of Phoenix, Maricopa County State O Arizona. or at such place as may D, agreed upon by and between the May or and the purchaser or purchasers c said bonds. the place of paymen thereof. if so agreed upon, to be men tioned in said bonds.
 Tho form of said bonds shall be suh stantially as follows:
 ADDITIONAL WATER WORKS BONI
 of the
 CITY OF PHOENIX.
 S5oo.Oo No. -
 Tho City of Phoenix, State of Arl roua. for value received. promises tt uav to bearer the sum of Five Hundred
 
 United States of America. of the pres ,nt standard Of weight and fineness. or tho first day Of July. 1898. with interes thereon at the rate of five and one-hal t5ia1 per centum per annum, payabl semi annually on the first days of Jan uarv and July of each year, upon pre- Scntation and surrender of the an rcvcd coupons as they severally ma flro. both principal and interest bein payable at the office of the City Treas urcr in the said City of Phoenix. Mari cOra 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 l to 20 inclusive. issued under and by virtue c fho provisions of the constitution an laws of the State of Arizona and par rcularlv Of the provisions of Para erauh 5os6 to 52S1. inclusive and Par rrranh 52S3 of Chapter II, Title 52, Re ,iscd Statutes of Arizona. 1913. and [ an ordinance of the City Commission C the City ot Phoenix. duly passed ap proved and published. The issue here of has been authorized at an electio dulv 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 an other respects qualifie electors Of said City. voting at sal election voted affirmatively for tn issue hereof.
 It Is hereby certified that every re quiremcnt of law as related 10 the is sue hereof has been duly complied wit and that this bond and the debt create hereby is fully authorized and pro slrihcd by law.
 IN WITNESS WHEREOF, the sai City of Phoenix has caused this bon Co hc signed by it's Mayor and attest hy its Clerk. and the seal of said Cit Co hc hereto attached. and the said in terest coupons 10 be signed by the fac similc signatures of the said Mayo and City Clerk. this -- day of ---- 1918.