The copper era and Morenci leader., 1919-04-25

the Town of Clifton as of this 30th day of June, A. D. 1919.
 
 R. K. MINSON, Mayor of the Town of Clifton, Coun-
 ty of Greenlee, State of Arizona. Attest:
 
 B. c. STURGES,
 Town Clerk of the Town of Cliff
 ton, County of Greenlee, State
 of Arizona.
 (FORM OF COUPON MO-. ....... $....... ..
 (June) On the thirtieth day of (December) A. D, 19. ., the Town of Clifton, County of Greenlee, State of Arizona, promises to pay to bearer Fifteen Dol lars in gold coin of the United States of America, of or equal to present standard of weight and fineness, at the office of the Town Clerk of the Town of Clifton, Greenlee County, State of Arizona, in Clifton, Arizona, or at the Hanover National Bank, in the City of New York, U. S. A., at the option of the holder, it being interest due that date on it's bridge bond dated June 30th, 1919, Mo-.
 Facsimile Signature), Mayor of the Town of Clifton, Coun-
 ty of Greenlee, State of Arizona. Attest:
 (Facsimile Signature),
 Town Clerk of the Town of Cliff
 ton, County of Greenlee, State
 of Arizona.
 Registration Certificate of the Town
 Clerk of the Town of Clifton. I, the undersigned, the Town Clerk of the Town of Clifton, County of certify that this bond has been duly entered of record in the proceedings of the Common Council of the Town of Clifton, as required by the provi- sions of the law under which the same is issued.
 IN TESTIMONY WHEREOF, I have hereunto set my hand and affixed the official seal of the said Town of Cliff ton this 30th day of June, A. D. 1919.
 
 Town Clerk of the Town of Clifton, County of Greenlee, State of Arizona. (SeaD
 Said bonds shall be promptly pre- pared and executed as provided by law and shall be delivered by the Com. mon Council of the Town of Clifton, County of Greenlee, State of Ari- zona, to the lawful purchaser thereof, in accordance with law and the con. tract of purchase made to that end, and the amount of bonds sold, their numbers and dates shall be entered upon the minutes of the Common Council of the said Town of Clifton, County of Greenlee, State of Arizona and the proceeds derived from the sale of said bonds shall be used ex. clusively for the purpose of said bonds as hereinbefore set forth, but the pur. chaser of said bonds shall in no wise be responsible for the application of the proceeds of the said bonds by the said Town of Clifton or any of it's of. ficers.
 It is further ordered that at the time of making the levy of taxes fo1 Town purposes, the Common Council of the Town of Clifton shall annually for ten years from the date hereof levy tax upon the taxable property 1 within the corporate limits of said | Tou,n of Cliffo,, crffiniopf to nov fhc interest on said bonds, and shall an nually levy a tax upon the taxable property within the corporate limits of the Town of Clifton sufficient tC pay the principal sum of each bond maturing during the year such tax is levied, and said tax collected shal constitute separate funds for the pay ment of principal and interest of said bonds respectively, and shall be called respectively fInterest Fund" and Re demption Fund" Said funds shall be kept for and applied solely to the pur pose of the payment of the interest OH said bonds, and for the redemption oi said bonds according to the number of their issue, and for no other pur pose whatsoever, until the indebted ness so contracted under this order principal and interest, shall have been fully paid, satisfied and discharged but nothing herein contained shall be so construed to prevent the said Com mon Council of the Town of Clifton from applying any other funds that may be in the treasury of the said Town of Clifton, and available for that purpose, to the payment of the prin cipal or interest as the same respec lively mature, and the levy or levies of taxes herein provided for may to that extent be diminished.
 That public notice be given of the intention of the Common Council oi the Town of Clifton to issue, negotiate and sell such bonds herein specified that sealed proposals will be received