Arizona republican., 1919-07-03
ORDINANCE NQ- 2Z1

li bf tulIlE ioI a SDEClal eleCllDu IeLFlA- after referred to. which said ordinance is as follows.
 ORDINANCE NO. 271
 AN ORDNANCE DIRECTING AND CALLING A SPECIAL ELECTION WITHIN THE CITY OF PHOENIX, ARIZONA, FOR THE PURPOSE OF SUBMITTING TO THE QUALIFIED ELECTORS THEREIN. THE PROP OSITION OF INCURRINCi AN IN DEBTEDNESS BY THE CITY OF PHOENTN. ARIZONA. IN EXCESS OF FOUR PER CENT OF THE VALUE OF THE TAXABLE PROP ERTY OF THE SAID CITY OF FIFTEEN PER CENT THEREOF, BY THE ISSUING or THE NEGO- TABLE COUPON BONDS OF SAID CITY IN THE AGGREGATE PRIN- CIPAL SUM OF ONE MILLION THREE HUNDRED THOUSAND DOLLARS FOR THE PURPOSE OF PURCHASING. CONSTRUCT ING AND INSTALLING A WATER WORKS SYSTEM TO SUPPLY SAID CITY WITH WATER, SAID WATERWORKS SYSTEM TO BE OWNED AND CONTROLLED FIX CLUSIYELY BY SAID CITY, AND DECLARING AN EMERGENCY.
 WHEREAS, in the opinion of the Commission of the City of Phoenix, d municipal corporation within the Coun- ty of Maricopa. State of Arizona, the public interests demand that bonds of said City be issued for the purpose of acquiring funds for the purchase, construction and installation of a Waterworks system for said City, and the inhabitants thereof to be owned and controlled exclusively by said City of Phoenix, and that an indebtedness be created therefor by the issuing of bonds in tine aggregate principal sum of One Million Three Hundred Thou sand Dollars. for the purpose of pur- chasing, constructing and installing a waterworks system and
 WHEREAS, it is provided by Chapter 2, Title g, of the Revised Statutes of Arizona, 1913, (Civl Code) that prior 10 the creation of said indebtedness and the issuance of bonds therefor, the question of whether said indebted ness shall be authorized shall be sub mitted to the vote of the property taxpayer of the City of Phoenix. who in all other respects shall be qualified electors in said City for their deter imitation; NOW, THEREFORE
 BE IT ORDAINED BY THE COMDdIS- SION OF THE CITY OF PHOENIX, AS FOLLOWS:
 Section 1 That with the assent of said property taxpayers, who in all other respects shall be qualified cleo tors of the City of Phoenix as hereinaf- ter provided, bonds of the City of Phoe- nix shall be issued in the aggregate sum of S1,300, 100000, and the proceeds of the sale thereof shall be used for the purpose of purchasing, construct ing and installing a waterworks sys- tenn to be owned and controlled by said City; that said bonds shall bear the date of their issuance and shall mature January 1, 1850. they shall be in the denomination of s10G000 each and shall be numbered consecutively from one to thirteen hundred, both inclusive they shall be payable to bearer and bear interest as evidenced by coupons attached thereto at the rate of pel cent per annum payable semi-annually on the first days of January and July beginning January 1, 1920, at some bank in the City of New York, State of New York; said bonds shall be signed and attested by the Mayor and City Clerk and coupons for the interest thereon shall be attached to each oi said bonds and each of said coupons shall bear a fac-simile of the sigma lures of the Mayor and City Clerk as such signatures appear on said bonds
 Section 2. That special election by the property taxpayers of the City oi Phoenix, who in all other respects shaI he qualified electors of said City, be and the same is, hereby called and di- rected to be held in accordance witt law on the 26th day of July, A. D. 1919 for the purpose of determining whether such indebtedness in such amount shal be authorized.
 Section 3. That at said special cleo ton the following question shall be and is, hereby submitted to the legally qualified property taxpayers of the City of Phoenix, Maricopa County, Arizona who in all other respects shall be quail fled electors in said City for their de termination, to-wit:
 Shall the Commission of the City o Phoenix, Marieopa County. State O Arizona, be authorized to create an in. debtedness for and on behalf of thu said City of Phoenix, and upon tht credit thereof in excess of four pc centum of the value of the taxabI, property of said City. but not in excess of fifteen per ceutum of the value 0 said taxable property of the City O Phoenix, by issuing negotiable c0upol bonds of said City in the amount O One Million Three Hundred Thousand Dollars, for the purpose of acquiring funds for the purchase, construction and installation of a waterworks sys tenn, to be owned and controlled eX clusively by the said City of Phoenix Said bonds to consist of thirteen hun dred bonds, numbered one to thirteel hundred, both inclusive, in denomina tions of One Thousand Dollars each which bonds shall bear the date o their issuance; shall be payable t bearer, and bear interest as evfdencet by coupons attached thereto at the rat of per centum per annum, payabl semi annually on the first days of Jan uary and July, beginning January ] 1920. at some bank in the City of Ney York, State of New York, and sai bonds shall mature January l. 1850.
 Section 4. That said special electio shall be held at the regular votin places within the City of Phoenix which have been designated by ordi nance No. 27o, as follows:
 First Precinct: Adams street schooI
 Second Precinct Central schoC building.
 avenue.
 building.
 Fifth Precinct: Northwest corne Second avenue and Madison street.
 Sixth Precinct: City Hall.
 That said election shall be conducte by such election officers as shall here