Arizona republican., 1918-09-24
ORDINANCE NO. 235

AN ORDINANCE DIRECTING THE
 PREPARATION OF BONDS OF
 THE CITY OF PHOENIX TO THE
 AMOUNT OF s100. .000.00 AS ALL
 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. 2SO, providing for the issuance of bonds Of the City of Phoenix. in the agsre- gate amount of One Hundred Thousand Sl00,000) Dollars, the proceeds thereof to be used for the purpose of acquiring additional pumping plants 10 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 6th. 1918, at which said election 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 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 Mama 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. 100000 of the ls- nomination of Five Hundred ($500.00i Dollars each, to be numbered consecu- lively from one CD to two hundred (2O0) inclusive. and to bear the date of the issuance thereof which shall be che date when the same shall he 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 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 1 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 5e agreed upon by and between the May or and the purchaser or purchasers ot 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 BONE
 of the
 CITY OF PHOENIX.
 s5OOOO No. -
 The City of Phoenix State of Ari- ] NOlds TUT Ndlut ItitlN tus DlOuliSfS u | pay to bearer the sum of Five Hundred | S500.00) 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-h hall | Cl5) 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 being | payable at the office of the City Treas urer in the said City of Phoenix. Mari copa County, State of Arizona, fol such place as may be agreed upon). This bond is one of series of two hundred (200) bonds of like tenure anC denomination, numbered from l to POI inclusive. issued under and by virtue O the provisions of the constitution an6 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 ] 1, Title 52, Re vised Statutes of Arizona, 1913, and o 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 witt the provisions of said Constitution ant of said laws, and also of said ordinance at which election majority of in property taxpayers of said City. Wh' were in all other respects qualifie, electors of said City, voting at sai, election, voted affirmatively for tn issue hereof.
 It is hereby certified that every re quirement of law as related to the is sue hereof has been duly complied witt and that this bond and the debt create, hereby is fully authorized and pre- . scribed by law.
 I IN WITNESS WHEREOF, the sai, City of Phoenix has caused this bon, to be signed by its 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 smle signatures of the said Mayo and City Clerk. this - day of ---- 1918.